Business Mathematics Practice Test 55

Characteristics of Exponential Functions Quiz PDF: Questions and Answers - 55

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Characteristics of Exponential Functions Questions and Answers PDF Download: Quiz 55

MCQ 271: The exponential function class ƒ(x) = b^x where 0 < b < 1 are important in the mathematical modeling of

A) decay processes

B) valued processes

C) growth processes

D) real processes

MCQ 272: In the formula S = P+iP, the S is classified as

A) compound amount

B) interest amount

C) discount amount

D) specified amount

MCQ 273: The raw material cost is $6.5 USD, labor cost of assembly department $3 USD and total fixed cost is $30,000 USD then cost function is

A) 30,000x⁄9.5

B) 30,000x+9.5

C) 9.5(30000x)

D) 9.5x+30,000

MCQ 274: The series of payments made periodically is classified as

A) annuity

B) effective payment

C) marginal payment

D) nominal payment

MCQ 275: If two straight lines have same slope then these two lines are classified as

A) horizontal lines

B) parallel lines

C) vertical lines

D) perpendicular lines

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