Managment

1. In management, how important is it to learn to use mathematics to solve problems? How valuable is an MBA degree without the ability to identify and calculate the cost of a company’s capital, its return on investment, gross margin percentage, break-even point, or what percent of a population would be willing to buy its product? It’s very important to use math in management to add up numbers and figures

2. When using the formula NI = [U * (P-VCu)] - FC, in which order must you complete the calculation? Why does the order of operations matter? Must work within the parentheses first then the outsides.

3. What is an independent variable? What is a dependent? What is the relationship between independent and dependent variables? What is the purpose of differentiating these terms? Independent variable is a variable that is manipulated to determine the value of a dependent variable s. The dependent variable is what is being measured in an experiment or evaluated in a mathematical equation and the independent variables are the inputs to that measurement.

Test Overview |   | Legend | |

Name | Week 1 - Quiz |

Date Submitted | 07/12/10 10:39pm |

Time Spent | 00:28:27 |

Score | 90.2% (41.5 of 46 pts)  |

Questions: 46 | Correct: 41 | Partial Credit: 1 | Incorrect: 4 | Incomplete: 0 |

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