Question 1

A customer uses a $15 off coupon when paying for a purchase.The total before the discount is $73 ($73 - $15 = $58).The minuend in this situation is

Accepted Answer

A)  $15 
B)  $58 
C)  $73 
D)  not shown 
A)  $15 
B)  $58 
C)  $73 
D)  not shown C

Question 2

A larger number can be subtracted from a smaller number.

Accepted Answer

A) True 
 B)False  True

Question 3

Match each item with the correct statement below.
-The relationship between two quantities.

Accepted Answer

A) data set 
B) deductive reasoning 
C) Fraction 
D) inductive reasoning 
E) Percentage
F)population
G)probability
H)processed data
I)ratio
J)raw data
K)representative
L)sample
M)significant
N)statistics 
A) data set 
B) deductive reasoning 
C) Fraction 
D) inductive reasoning 
E) Percentage
F)population
G)probability
H)processed data
I)ratio
J)raw data
K)representative
L)sample
M)significant
N)statistics I

Question 4

If data are representative, they are consistent with other similar data that could be collected.

Accepted Answer

A) True 
 B)False

Question 5

A range is always expressed as

Accepted Answer

A)  a single number 
B)  two numbers 
C)  a series of numbers 
D)  a ratio 
A)  a single number 
B)  two numbers 
C)  a series of numbers 
D)  a ratio

Question 6

A trend can be illustrated easily by using a

Accepted Answer

A)  column chart 
B)  line graph 
C)  pie chart 
D)  table 
A)  column chart 
B)  line graph 
C)  pie chart 
D)  table

Question 7

Which of the following measurements is the smallest?

Accepted Answer

A)  10 centimeters 
B)  10 kilometers 
C)  10 millimeters 
D)  10 meters 
A)  10 centimeters 
B)  10 kilometers 
C)  10 millimeters 
D)  10 meters

Question 8

Match each item with the correct statement below.
-All the people or objects with a similar characteristic or characteristics being studied.

Accepted Answer

A) data set 
B) deductive reasoning 
C) Fraction 
D) inductive reasoning 
E) Percentage
F)population
G)probability
H)processed data
I)ratio
J)raw data
K)representative
L)sample
M)significant
N)statistics 
A) data set 
B) deductive reasoning 
C) Fraction 
D) inductive reasoning 
E) Percentage
F)population
G)probability
H)processed data
I)ratio
J)raw data
K)representative
L)sample
M)significant
N)statistics

Question 9

The answer to a division problem is called the dividend.

Accepted Answer

A) True 
 B)False

Question 10

The length of a kilometer is approximately

Accepted Answer

A)  2.6 miles 
B)  6.2 miles. 
C)  0.62 miles 
D)  0.26 miles 
A)  2.6 miles 
B)  6.2 miles. 
C)  0.62 miles 
D)  0.26 miles

Question 11

In business, electronic database programs and spreadsheets have become the primary tools for analyzing data.

Accepted Answer

A) True 
 B)False

Question 12

Only two numbers can be subtracted at a time.

Accepted Answer

A) True 
 B)False

Question 13

A 2-liter soda bottle contains

Accepted Answer

A)  about a half gallon 
B)  close to a gallon 
C)  less than a half gallon 
D)  more than a gallon 
A)  about a half gallon 
B)  close to a gallon 
C)  less than a half gallon 
D)  more than a gallon

Question 14

The median always falls between the mean and the mode.

Accepted Answer

A) True 
 B)False

Question 15

Which common business activity involving math skills uses data to set numerical goals or standards?

Accepted Answer

A)  calculating 
B)  planning 
C)  projecting 
D)  analyzing 
A)  calculating 
B)  planning 
C)  projecting 
D)  analyzing

Question 16

Which of the following provides meaningful summaries of data to help managers understand the current situation?

Accepted Answer

A)  descriptive statistics 
B)  a frequency distribution 
C)  a data set 
D)  inferential statistics 
A)  descriptive statistics 
B)  a frequency distribution 
C)  a data set 
D)  inferential statistics

Question 17

When a series of 17 numbers is arranged from lowest to highest, the 9th number will be the

Accepted Answer

A)  average 
B)  mean 
C)  median 
D)  mode 
A)  average 
B)  mean 
C)  median 
D)  mode

Question 18

Which container will hold the most liquid?

Accepted Answer

A)  1.5 liter plastic jug 
B)  2 gallon bucket 
C)  32 ounce paper cup 
D)  500 milliliter glass bottle 
A)  1.5 liter plastic jug 
B)  2 gallon bucket 
C)  32 ounce paper cup 
D)  500 milliliter glass bottle

Question 19

Match each item with the correct statement below.
-Original facts or figures.

Accepted Answer

A) data set 
B) deductive reasoning 
C) Fraction 
D) inductive reasoning 
E) Percentage
F)population
G)probability
H)processed data
I)ratio
J)raw data
K)representative
L)sample
M)significant
N)statistics 
A) data set 
B) deductive reasoning 
C) Fraction 
D) inductive reasoning 
E) Percentage
F)population
G)probability
H)processed data
I)ratio
J)raw data
K)representative
L)sample
M)significant
N)statistics

Question 20

What is the mode for the following group of numbers: 3, 5, 4, 3, 4, 3, 5, 5, 6, 3.

Accepted Answer

A)  3 
B)  3.5 
C)  4 
D)  4.1 
A)  3 
B)  3.5 
C)  4 
D)  4.1

Exam 14: Data Analysis and Decision Making

A customer uses a $15 off coupon when paying for a purchase.The total before the discount is $73 ($73 - $15 = $58).The minuend in this situation is

A larger number can be subtracted from a smaller number.

Match each item with the correct statement below. -The relationship between two quantities.

If data are representative, they are consistent with other similar data that could be collected.

A range is always expressed as

A trend can be illustrated easily by using a

Which of the following measurements is the smallest?

Match each item with the correct statement below. -All the people or objects with a similar characteristic or characteristics being studied.

The answer to a division problem is called the dividend.

The length of a kilometer is approximately

In business, electronic database programs and spreadsheets have become the primary tools for analyzing data.

Only two numbers can be subtracted at a time.

A 2-liter soda bottle contains

The median always falls between the mean and the mode.

Which common business activity involving math skills uses data to set numerical goals or standards?

Which of the following provides meaningful summaries of data to help managers understand the current situation?

When a series of 17 numbers is arranged from lowest to highest, the 9th number will be the

Which container will hold the most liquid?

Match each item with the correct statement below. -Original facts or figures.

What is the mode for the following group of numbers: 3, 5, 4, 3, 4, 3, 5, 5, 6, 3.

Managers and Managing

Management, Supervision, and Decision Making

The Manager As Leader

Planning and Organizing

Staffing, Leading, and Controlling

Characteristics of Business

Social and Ethical Environment of Business

Economic Environment of Business

International Environment of Business

Managing the Form of Business Ownership

Legal Aspects of Business

Technology and Information Management

Organizational Communications

Business Financial Records

Financing a Business

Financial Services

Credit and Insurance

Managing Production and Operations

Nature and Scope of Marketing

Product Development and Distribution

Pricing and Promotion

Managing Human Resources

Rewarding and Developing Employees

Developing an Effective Organization

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