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Exercise Solutions
Self-test Questions
Additional Exercises
Quantitative Methods for Business & Management
Frank Dewhurst, UMIST, UK
Quantities and Elementary Arithmetic
Self-test Questions
1
The denary counting system uses twelve digits
A)
TRUE
B)
FALSE
2
The number 1.5 rounded to the nearest whole number is 2.
A)
TRUE
B)
FALSE
3
In the fraction 3/5, the number 5 is the:
A)
Denominator
B)
Numerator
C)
Division
D)
Multiplier
E)
Fraction
4
What happens if you divide a number by zero?
A)
You get the same number that you started with
B)
You get zero
C)
Your calculator breaks
D)
You get infinity
E)
You get minus 1
5
If you multiply log(4) by log(7) you get 4+7=11
A)
TRUE
B)
FALSE
6
Which is the right order for using the basic mathematical operators addition, division, multiplication and raising to a power?
A)
Multiplication then division then raising to a power then addition
B)
Division then addition then multiplication then raising to a power
C)
Raising to a power then multiplication or division then addition
D)
Addition then multiplication or division then raising to a power
E)
Raising to a power then addition or multiplication then division
7
What type of fraction is 7/6?
A)
It is not a fraction
B)
It is a big fraction
C)
It is a vulgar fraction
D)
It is a proper fraction
E)
It is an improper fraction
8
If you buy a piece of antique furniture for £500 and then sell it with a 20% mark up, what is the selling price?
A)
£400
B)
£520
C)
£1000
D)
£600
E)
£580
9
Adding 17.5% value added tax is the same as multiplying the pre value added tax cost by 1.0175.
A)
TRUE
B)
FALSE
10
Elasticity is a measure of the change in demand (or supply) for a good in response to a change in its price.
A)
TRUE
B)
FALSE
11
If a 20% rise in the price for a good causes a 10% fall in demand then the elasticity of demand is:
A)
+2
B)
+0.5
C)
0
D)
-0.5
E)
-2
12
What is the prefix (abbreviation) used for the multiplier 1E+06 = 1,000,000?
A)
Hecto (h)
B)
Centi (c)
C)
Mega (M)
D)
Giga (G)
E)
Nano (n)
13
What is the number 10 in binary notation?
A)
10
B)
01
C)
101
D)
2
E)
1010
14
In the number
(1.0K)
the 4 is called the
A)
Average Multiplier
B)
Decimal
C)
Dependent
D)
Exponent
E)
Multiplier
15
What is
(1.0K)
A)
12
B)
4
C)
3
D)
16
E)
2
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