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Business Math 101 Exam Questions with Correct Answers

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2023/2024 Written for academic year
Institution Business Math
Course Business Math
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Fractions - ANSWER-Part of a whole number Proper Fractions - ANSWER-Numerator is less than the denominator Improper Fractions - ANSWER-Numerator is greater than the denominator Mixed Number - ANSWER-Sum of a fraction and a whole number Lowest Terms - ANSWER-If the numerator & denominator can't be divided by any number other than 1 or itself Like Fractions - ANSWER-Fractions with the same (common) denominator Unlike Fractions - ANSWER-Fractions that have different denominators that require a common denominator to add and subtract Least Common Denominator (LCD) - ANSWER-Smallest whole number that can be divided without a remainder Prime Number - ANSWER-A number that can be divided without a remainder only by itself and 1. Percents - ANSWER-Represent a whole number, they are in hundredths or part of a hundred Percent Problems - ANSWER-Made up of three parts, usually 2 parts given and 1 unknown Base - ANSWER-The whole or total, starting point Rate - ANSWER-The number followed by % or percent Part - ANSWER-The portion of the base Percentage Formula - ANSWER-P = B x R B = P/R R = P/B Equation - ANSWER-A statement that says 2 expressions are equal Variable - ANSWER-A letter that represents a number

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