Maths for Management

4/6/2016

Mathematics for Management

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Mathematics for Management

Pretest Introduction

Welcome to the pre-assessment test for the Mathematics for Management tutorial. This test will allow you to assess

your knowledge of Mathematics for Management.

All questions must be answered for your exam to be scored.

Navigation:

To advance from one question to the next, select one of the answer choices or, if applicable, complete with your own

choice and click the “Submit” button. After submitting your answer, you will not be able to change it, so make sure

you are satisfied with your selection before you submit each answer. You may also skip a question by pressing the

forward advance arrow. Please note that you can return to “skipped” questions using the “Jump to unanswered

question” selection menu or the navigational arrows at any time. Although you can skip a question, you must

navigate back to it and answer it - all questions must be answered for the exam to be scored.

Your results will be displayed immediately upon completion of the exam.

After completion, you can review your answers at any time by returning to the exam.

Good Luck!

Introduction

During your business degree program, you will use mathematics in many situations. In your economics courses, you

will have to determine how demand is related to price. You might even use basic calculus to come up with a profitmaximizing price. In your statistics course, you might be expected to know the basic laws of probability. In your

finance courses, you will need to understand the mathematics behind valuing cash flows. Most of your professors will

expect you to know how to solve simple equations and do basic manipulations of algebraic formulas. You may not

have used algebra, calculus, probability, and statistics for five or ten years. If you are an undergraduate English or

music major...