Practical Business
Math Procedures
ST
14th Edition
UV
TEST BANK
IA
_A
PP
Jeffrey Slater
Sharon Wittry
RO
────────────────────────────────────────────────────
Comprehensive Test Bank for Instructors
VE
and Students
D
© Jeffrey Slater & Sharon Wittry.
?
All rights reserved. Reproduction or distribution without permission is prohibited.
© BooksbyMed
, Practical Business Math Procedures – 14th Edition
(ISBN 9781266015526)
Jeffrey Slater and Sharon Wittry
TABLE OF CONTENTS
Chapter 1. Whole Numbers — How to Dissect and Solve Word Problems
ST
Chapter 2. Fractions
Chapter 3. Decimals
Chapter 4. Banking
UV
Chapter 5. Solving for the Unknown — A How-to Approach for Solving
Equations
Chapter 6. Percents and Their Applications
IA
Chapter 7. Discounts — Trade and Cash
Chapter 8. Markups and Markdowns — Perishables and Breakeven Analysis
Chapter 9. Payroll
_A
Chapter 10. Simple Interest
Chapter 11. Promissory Notes, Simple Discount Notes, and the Discount
Process
Chapter 12. Compound Interest and Present Value
PP
Chapter 13. Annuities and Sinking Funds
Chapter 14. Installment Buying
Chapter 15. The Cost of Home Ownership
RO
Chapter 16. How to Read, Analyze, and Interpret Financial Reports
Chapter 17. Depreciation
Chapter 18. Inventory and Overhead
Chapter 19. Sales, Excise, and Property Taxes
VE
Chapter 20. Life, Fire, and Auto Insurance
Chapter 21. Stocks, Bonds, and Mutual Funds
Chapter 22. Business Statistics
D ?
© BooksbyMed
,Student name:__________
1) The Blueprint Aid for dissecting and solving a word problem serves to decrease math anxiety.
⊚ true
⊚ false
2) Commas separate a number into groups every three digits from right to left.
ST
⊚ true
⊚ false
UV
3) Place value of the hundreds position is to the right of the tens position.
⊚ true
⊚ false
IA
4) 4,986 in verbal form is written as four thousand, nine hundred eighty-six.
⊚ true
_A
⊚ false
5) Rounding approximates actual answers.
PP
⊚ true
⊚ false
RO
6) Rounding all the way means there are two nonzero digits left.
⊚ true
⊚ false
VE
7) The first step in rounding is to identify the place value of the digit to be rounded.
⊚ true
⊚ false
D?
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
9) 42,515 rounded to the nearest thousand is 43,000.
ST
⊚ true
⊚ false
UV
10) 1,786 rounded to the nearest ten is 1,780.
⊚ true
⊚ false
IA
11) 258 rounded all the way is 300.
⊚ true
_A
⊚ false
12) Numbers added together are called sums.
PP
⊚ true
⊚ false
RO
13) The total of addends is called the sum.
⊚ true
⊚ false
VE
14) For numbers with more than one digit, adding is always done from bottom to top.
⊚ true
⊚ false
D?
15) The opposite of addition is subtraction.
⊚ true
⊚ false
Version 1 2
Math Procedures
ST
14th Edition
UV
TEST BANK
IA
_A
PP
Jeffrey Slater
Sharon Wittry
RO
────────────────────────────────────────────────────
Comprehensive Test Bank for Instructors
VE
and Students
D
© Jeffrey Slater & Sharon Wittry.
?
All rights reserved. Reproduction or distribution without permission is prohibited.
© BooksbyMed
, Practical Business Math Procedures – 14th Edition
(ISBN 9781266015526)
Jeffrey Slater and Sharon Wittry
TABLE OF CONTENTS
Chapter 1. Whole Numbers — How to Dissect and Solve Word Problems
ST
Chapter 2. Fractions
Chapter 3. Decimals
Chapter 4. Banking
UV
Chapter 5. Solving for the Unknown — A How-to Approach for Solving
Equations
Chapter 6. Percents and Their Applications
IA
Chapter 7. Discounts — Trade and Cash
Chapter 8. Markups and Markdowns — Perishables and Breakeven Analysis
Chapter 9. Payroll
_A
Chapter 10. Simple Interest
Chapter 11. Promissory Notes, Simple Discount Notes, and the Discount
Process
Chapter 12. Compound Interest and Present Value
PP
Chapter 13. Annuities and Sinking Funds
Chapter 14. Installment Buying
Chapter 15. The Cost of Home Ownership
RO
Chapter 16. How to Read, Analyze, and Interpret Financial Reports
Chapter 17. Depreciation
Chapter 18. Inventory and Overhead
Chapter 19. Sales, Excise, and Property Taxes
VE
Chapter 20. Life, Fire, and Auto Insurance
Chapter 21. Stocks, Bonds, and Mutual Funds
Chapter 22. Business Statistics
D ?
© BooksbyMed
,Student name:__________
1) The Blueprint Aid for dissecting and solving a word problem serves to decrease math anxiety.
⊚ true
⊚ false
2) Commas separate a number into groups every three digits from right to left.
ST
⊚ true
⊚ false
UV
3) Place value of the hundreds position is to the right of the tens position.
⊚ true
⊚ false
IA
4) 4,986 in verbal form is written as four thousand, nine hundred eighty-six.
⊚ true
_A
⊚ false
5) Rounding approximates actual answers.
PP
⊚ true
⊚ false
RO
6) Rounding all the way means there are two nonzero digits left.
⊚ true
⊚ false
VE
7) The first step in rounding is to identify the place value of the digit to be rounded.
⊚ true
⊚ false
D?
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
9) 42,515 rounded to the nearest thousand is 43,000.
ST
⊚ true
⊚ false
UV
10) 1,786 rounded to the nearest ten is 1,780.
⊚ true
⊚ false
IA
11) 258 rounded all the way is 300.
⊚ true
_A
⊚ false
12) Numbers added together are called sums.
PP
⊚ true
⊚ false
RO
13) The total of addends is called the sum.
⊚ true
⊚ false
VE
14) For numbers with more than one digit, adding is always done from bottom to top.
⊚ true
⊚ false
D?
15) The opposite of addition is subtraction.
⊚ true
⊚ false
Version 1 2
