Chapter 4: Business Mathematics Exam Tests

Business Mathematics MCQs - Chapter 4

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*The profit margin is negative if*

- profit contribution > fixed costs
- profit contribution < fixed costs
- fixed cost is zero
- profit contribution > fixed costs

b

*In the depreciation function V = ƒ(t) then the t is*

- interest value
- time from purchase date
- purchased value
- sold value

b

*The product sold price is $50 USD then the revenue function is*

- R(50) = 50 + x
- R(x) = 50x
- R(50) = x
- R(x) = 50 + x

b

*The function describing relationship of price related to suppliers agreed quantities to produce the material and to supply it is classified as*

- selling function
- unit function
- supply function
- manufacturing function

c

*In the function quantity = ƒ(price per unit), the independent variable is*

- profit per unit
- price per unit
- demand per unit
- cost per unit

b

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