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DSST Business Math Vocab 2

Instructions:
  • Answer 50 questions in 15 minutes.
  • If you are not ready to take this test, you can study here.
  • Match each statement with the correct term.
  • Don't refresh. All questions and answers are randomly picked and ordered every time you load a test.

This is a study tool. The 3 wrong answers for each question are randomly chosen from answers to other questions. So, you might find at times the answers obvious, but you will see it re-enforces your understanding as you take the test each time.
1. Something that is expected to return a profit






2. Security for a loan






3. The owner of the property






4. Part ownership in a company






5. The borrower






6. Amounts of money you owe






7. The point where income and expenses intersect (no loss or profit)






8. real estate (houses - condos - warehouses - factories - etc)






9. The depreciation of an asset as an expense






10. used when the each piece of data has more than one component






11. An item of data that has a different value at different times






12. Where info is collected for every unit of the population






13. The number to be divided by






14. Interest is paid twelve times a year






15. Interest is paid once a year






16. An item of data the stays the same






17. The process of repossessing and selling the real or personal property when the borrower has defaulted






18. A bill






19. Money earned on an investment or paid on a loan






20. Discounts offered to encourage customers to pay their bills on time






21. The highest number in a group of data






22. A percentage discount for buyers associated with the products being sold






23. The lowest number in a group of data






24. The length of time until the debt is zero






25. The difference between the highest and lowest numbers in a set of data






26. The money paid to an employee based on a percentage of their sales






27. Number calculated from population data






28. The person paying to borrow property for a certain amount of time for payments






29. Money given to someone on condition the person will return the money and interest by a specific date






30. More than one frequently occuring value in a group of data






31. Paid in full






32. Costs that remain constant






33. A decimal figure when x by 2400 gives an approximate annual interest rate






34. A number calculated from sample data






35. A portion of the population being studied






36. Amount of money coming in and going out of your business monthly






37. A complete set of individuals - objects or scores being studied






38. Costs that fluctuate






39. Commission fee - inflation rate - capital gains tax






40. of one hundred






41. Interest calculated on the principle






42. loans to companies or goverments (no voting rights)






43. Indicators of the confidence investors have in a company (the higher the better)






44. Non-payment






45. The info collected from a survey and the figures generated through statistical analysis






46. Adding columns of figures horizontally and vertically to check that the totals agree






47. Interest is paid twice a year






48. Property other than real estate (often called a chattel mortgage)






49. A loan






50. The most frequently occuring value in a group of data