Business Mathematics Study Guide: Practice Test 1 (Chapter 4)

Linear Function Applications Multiple Choice Questions (MCQs) PDF Download - 1

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The MCQ: The profit margin is negative if; "Linear Function Applications MCQs" App Download [Free] with answers: profit contribution < fixed costs, profit contribution > fixed costs, fixed cost is zero, and profit contribution > fixed costs to learn online BBA courses. Solve Dual Simplex Method Quiz Questions, download Google eBook (Free Sample) for online schools for business administration.

Linear Function Applications MCQ with Answers PDF Download: Quiz 1

MCQ: 1

The profit margin is negative if

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

MCQ: 2

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

interest value
time from purchase date
purchased value
sold value

MCQ: 3

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

MCQ: 4

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

MCQ: 5

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

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

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