TEST BANK
Practical Business Math Procedures
Jeffrey Slater and Sharon Wittry
ST
14th Edition
UV
IA
?_
AP
PR
OV
ED
? ?
, TABLE OF CONTENTS
Practical Business Math Procedures (14th Edition)
Jeffrey Slater and Sharon Wittry
Chapter 1 Whole Numbers — How to Dissect and Solve Word Problems
ST
Chapter 2 Fractions
Chapter 3 Decimals
Chapter 4 Banking
Chapter 5 Solving for the Unknown — A How-to Approach for Solving Equations
UV
Chapter 6 Percents and Their Applications
Chapter 7 Discounts — Trade and Cash
Chapter 8 Markups and Markdowns — Perishables and Breakeven Analysis
Chapter 9 Payroll
IA
Chapter 10 Simple Interest
Chapter 11 Promissory Notes, Simple Discount Notes, and the Discount Process
Chapter 12 Compound Interest and Present Value
?_
Chapter 13 Annuities and Sinking Funds
Chapter 14 Installment Buying
Chapter 15 The Cost of Home Ownership
Chapter 16 How to Read, Analyze, and Interpret Financial Reports
AP
Chapter 17 Depreciation
Chapter 18 Inventory and Overhead
Chapter 19 Sales, Excise, and Property Taxes
Chapter 20 Life, Fire, and Auto Insurance
PR
Chapter 21 Stocks, Bonds, and Mutual Funds
Chapter 22 Business Statistics
OV
ED
??
, Student name:__________
1) The Blueprint Aid for dissecting and solving a word problem serves to decrease math anxiety.
⊚ true
⊚ false
ST
2) Commas separate a number into groups every three digits from right to left.
⊚ true
UV
⊚ false
3) Place value of the hundreds position is to the right of the tens position.
⊚ true
IA
⊚ false
?_
4) 4,986 in verbal form is written as four thousand, nine hundred eighty-six.
⊚ true
⊚ false
AP
5) Rounding approximates actual answers.
⊚ true
PR
⊚ false
6) Rounding all the way means there are two nonzero digits left.
OV
⊚ true
⊚ false
7) The first step in rounding is to identify the place value of the digit to be rounded.
ED
⊚ true
⊚ false
??
Version 1 1
, 8) In the second step of rounding, look at the digit to the right of the identified digit you want to
round. If the digit to the right is less than 5, increase the identified digit by 1.
⊚ true
⊚ false
ST
9) 42,515 rounded to the nearest thousand is 43,000.
⊚ true
⊚ false
UV
10) 1,786 rounded to the nearest ten is 1,780.
⊚ true
IA
⊚ false
?_
11) 258 rounded all the way is 300.
⊚ true
⊚ false
AP
12) Numbers added together are called sums.
⊚ true
⊚ false
PR
13) The total of addends is called the sum.
⊚ true
OV
⊚ false
14) For numbers with more than one digit, adding is always done from bottom to top.
ED
⊚ true
⊚ false
??
15) The opposite of addition is subtraction.
⊚ true
⊚ false
Version 1 2
Practical Business Math Procedures
Jeffrey Slater and Sharon Wittry
ST
14th Edition
UV
IA
?_
AP
PR
OV
ED
? ?
, TABLE OF CONTENTS
Practical Business Math Procedures (14th Edition)
Jeffrey Slater and Sharon Wittry
Chapter 1 Whole Numbers — How to Dissect and Solve Word Problems
ST
Chapter 2 Fractions
Chapter 3 Decimals
Chapter 4 Banking
Chapter 5 Solving for the Unknown — A How-to Approach for Solving Equations
UV
Chapter 6 Percents and Their Applications
Chapter 7 Discounts — Trade and Cash
Chapter 8 Markups and Markdowns — Perishables and Breakeven Analysis
Chapter 9 Payroll
IA
Chapter 10 Simple Interest
Chapter 11 Promissory Notes, Simple Discount Notes, and the Discount Process
Chapter 12 Compound Interest and Present Value
?_
Chapter 13 Annuities and Sinking Funds
Chapter 14 Installment Buying
Chapter 15 The Cost of Home Ownership
Chapter 16 How to Read, Analyze, and Interpret Financial Reports
AP
Chapter 17 Depreciation
Chapter 18 Inventory and Overhead
Chapter 19 Sales, Excise, and Property Taxes
Chapter 20 Life, Fire, and Auto Insurance
PR
Chapter 21 Stocks, Bonds, and Mutual Funds
Chapter 22 Business Statistics
OV
ED
??
, Student name:__________
1) The Blueprint Aid for dissecting and solving a word problem serves to decrease math anxiety.
⊚ true
⊚ false
ST
2) Commas separate a number into groups every three digits from right to left.
⊚ true
UV
⊚ false
3) Place value of the hundreds position is to the right of the tens position.
⊚ true
IA
⊚ false
?_
4) 4,986 in verbal form is written as four thousand, nine hundred eighty-six.
⊚ true
⊚ false
AP
5) Rounding approximates actual answers.
⊚ true
PR
⊚ false
6) Rounding all the way means there are two nonzero digits left.
OV
⊚ true
⊚ false
7) The first step in rounding is to identify the place value of the digit to be rounded.
ED
⊚ true
⊚ false
??
Version 1 1
, 8) In the second step of rounding, look at the digit to the right of the identified digit you want to
round. If the digit to the right is less than 5, increase the identified digit by 1.
⊚ true
⊚ false
ST
9) 42,515 rounded to the nearest thousand is 43,000.
⊚ true
⊚ false
UV
10) 1,786 rounded to the nearest ten is 1,780.
⊚ true
IA
⊚ false
?_
11) 258 rounded all the way is 300.
⊚ true
⊚ false
AP
12) Numbers added together are called sums.
⊚ true
⊚ false
PR
13) The total of addends is called the sum.
⊚ true
OV
⊚ false
14) For numbers with more than one digit, adding is always done from bottom to top.
ED
⊚ true
⊚ false
??
15) The opposite of addition is subtraction.
⊚ true
⊚ false
Version 1 2
