Bi-2212 superconducting cables are being considered for use in the high field magnets needed for the next generation of particle accelerators. Magnetization in these cables and the decay of that magnetization lead to field error and field-error drift, respectively, which need to be compensated. To study this, a segment of the winding pack was extracted from a racetrack coil made from Bi-2212 Rutherford cable. Using a Hall probe measurement technique, we measured the response of the cable's magnetization and its magnetization decay to changes in the applied magnetic field. The effect of adjustments to the cycling of the magnetic field was studied, intended to simulate the preinjection cycles of an accelerator magnet. Three M vs. H loops were constructed by sweeping the magnetic field applied to the sample from 0 to 2.5 T, then to a preinjection field 'x' (where x = 0, 0.25, 0.75 T), and finally up to 1 T. The applied field was then held at 1 T for 1500 s, and the magnetization decay was measured. The decay was found to vary from 8% to 14% after 1500 s, depending on the preinjection field cycle.