Chapter 4: Business Mathematics Exam Tests

Business Mathematics MCQs - Chapter 4

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The MCQ: *The profit margin is negative if;* "Linear Function Applications" App Download (Free) with answers: Profit contribution < fixed costs; Profit contribution > fixed costs; Fixed cost is zero; Profit contribution > fixed costs; for online classes business administration. Solve Dual Simplex Method Quiz Questions, download Google eBook (Free Sample) for online schools for business administration.

MCQ 1:

The profit margin is negative if

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

b

MCQ 2:

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

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

b

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

b

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

c

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

b

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