Question 1

What is the first step that should be followed when studying tables, charts, and graphs?

Accepted Answer

A)  Read the title carefully. 
B)  Study all of the data carefully. 
C)  Examine the type of data being reported. 
D)  Review the data labels and legends. 
A)  Read the title carefully. 
B)  Study all of the data carefully. 
C)  Examine the type of data being reported. 
D)  Review the data labels and legends.

Question 2

There are 1760 feet in a mile.

Accepted Answer

A) True 
 B)False

Question 3

A meter is a measure of mass.

Accepted Answer

A) True 
 B)False

Question 4

Inferential statistics is another name for descriptive statistics.

Accepted Answer

A) True 
 B)False

Question 5

Match each item with the correct statement below.
-Analysis of specific data to draw broader conclusions.

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 6

Frequency is a measure of central tendency.

Accepted Answer

A) True 
 B)False

Question 7

Which of the following allows easy comparison of values among several characteristics from a data set?

Accepted Answer

A)  a legend 
B)  a trend 
C)  a line graph 
D)  a bar chart 
A)  a legend 
B)  a trend 
C)  a line graph 
D)  a bar chart

Question 8

The metric system was first used in the twentieth century.

Accepted Answer

A) True 
 B)False

Question 9

The general direction in which something is developing or changing is called a trend.

Accepted Answer

A) True 
 B)False

Question 10

A concise written summary of a longer report is called a(n)

Accepted Answer

A)  data table 
B)  line graph 
C)  executive summary 
D)  data presentation 
A)  data table 
B)  line graph 
C)  executive summary 
D)  data presentation

Question 11

The preferred way of summarizing and communicating numerical information is with tables, charts, and graphs.

Accepted Answer

A) True 
 B)False

Question 12

A correlation is the relationship between two events in which the second event is a consequence of the first.

Accepted Answer

A) True 
 B)False

Question 13

When you use past and current information to estimate future performance, you

Accepted Answer

A)  analyze 
B)  calculate 
C)  plan 
D)  project 
A)  analyze 
B)  calculate 
C)  plan 
D)  project

Question 14

Match each item with the correct statement below.
-The likelihood that a certain outcome will occur.

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 15

Using data in decision making involves nothing more than adding, subtracting, multiplying, and dividing.

Accepted Answer

A) True 
 B)False

Question 16

Match each item with the correct statement below.
-A small, representative part of a population selected for study.

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 17

Match each item with the correct statement below.
-Part of a whole number expressed as a proportion.

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 18

In subtraction, the minuend minus the subtrahend equals the difference.

Accepted Answer

A) True 
 B)False

Question 19

Match each item with the correct statement below.
-Meaningful and not occurring by chance.

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

Match each item with the correct statement below.
-All of the facts and figures that have been collected for study.

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

Exam 14: Data Analysis and Decision Making

What is the first step that should be followed when studying tables, charts, and graphs?

There are 1760 feet in a mile.

A meter is a measure of mass.

Inferential statistics is another name for descriptive statistics.

Match each item with the correct statement below. -Analysis of specific data to draw broader conclusions.

Frequency is a measure of central tendency.

Which of the following allows easy comparison of values among several characteristics from a data set?

The metric system was first used in the twentieth century.

The general direction in which something is developing or changing is called a trend.

A concise written summary of a longer report is called a(n)

The preferred way of summarizing and communicating numerical information is with tables, charts, and graphs.

A correlation is the relationship between two events in which the second event is a consequence of the first.

When you use past and current information to estimate future performance, you

Match each item with the correct statement below. -The likelihood that a certain outcome will occur.

Using data in decision making involves nothing more than adding, subtracting, multiplying, and dividing.

Match each item with the correct statement below. -A small, representative part of a population selected for study.

Match each item with the correct statement below. -Part of a whole number expressed as a proportion.

In subtraction, the minuend minus the subtrahend equals the difference.

Match each item with the correct statement below. -Meaningful and not occurring by chance.

Match each item with the correct statement below. -All of the facts and figures that have been collected for study.

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

Filters