Business Mathematics MCQs – Practice Test 1 (Chapter 4)

Linear Function Applications MCQs with Answers PDF Download – Test 1

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Linear Function Applications MCQs – Practice Test 1 PDF Download

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

Business Mathematics MCQs App & e-Book – Linear Function Applications Study Guide

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