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Jacket
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 <a onClick="window.open('/olcweb/cgi/pluginpop.cgi?it=gif::::/sites/dl/free/0077098056/70736/ch02q02eq01.GIF','popWin', 'width=NaN,height=NaN,resizable,scrollbars');" href="#"><img valign="absmiddle" height="16" width="16" border="0" src="/olcweb/styles/shared/linkicons/image.gif"> (1.0K)</a> the 4 is called the
A)Average Multiplier
B)Decimal
C)Dependent
D)Exponent
E)Multiplier
15

What is <a onClick="window.open('/olcweb/cgi/pluginpop.cgi?it=gif::::/sites/dl/free/0077098056/70736/ch02q07eq01.GIF','popWin', 'width=NaN,height=NaN,resizable,scrollbars');" href="#"><img valign="absmiddle" height="16" width="16" border="0" src="/olcweb/styles/shared/linkicons/image.gif"> (1.0K)</a>
A)12
B)4
C)3
D)16
E)2