Consumer Math B Exam Questions +
Answers Questions and answers |
Updated 2024/25
The final price after all percentages are taken off and taxes are added up is known as the
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what? - Total price
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Describe something you could do if you were spending too much money and needed help
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managing it. - If you were spending too much money and needed to manage it, you could
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make a budget for yourself, and to make sure you wont go over your budget limit you can
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put all of the money into envelopes for their spending category. Then all of your leftover
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money can go into a savings account or emergency funding account.
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ii Gold, jewelry, antique furniture, and other belongings are known as what? - Assets
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ii What does retail price mean? - The price before anything is taken off for selling.
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ii Where the line crosses the y-axis is known as the what? - Y-intercept
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Barb noticed that she had to pay a sales tax for the shoes she bought at the store. What is
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sales tax? - A percentage of total sales that is collected on behalf of the state, county, or
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local government.
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ii Slope uses what letter? - m ii ii ii ii ii ii ii
Explain how to change .4 into a percent, then write the percent. - Multiply by 100 to get
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40%
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ii What position do the quadrants go in on a Cartesian plane? - Counterclockwise
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ii Given plot points (1, 5) what quadrant would you be in? - Quadrant I
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ii What does percent mean? - Part of 100.
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ii A company's value is also known as their what? - Net worth
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ii What direction do you move on the y-axis? - Up or down
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Explain how the richest people are ranked. - The richest people are ranked by net worth
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by combining all of their assets.
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, Wendy wants to find her average monthly expenses. In October she spent $450, In
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November she spent $750, in December she spent $1,000 and in January she spent $565.
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What are her average monthly expenses? - $691.25
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ii What our data tells us is also known as the what? - Correlation
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ii What direction do you move on the x-axis? - Left or right
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ii What is purchasing power? - What an individual can buy in terms of goods and services.
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ii What is the cost for 5 t-shirts that cost $10 with a sales tax of 6%? - $53
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ii What is an example of a variable expense? - Grocery bill
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When given plot points (3, -4), explain the direction you go first, then last. Include the name
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of the axis for each point and what quadrant you would land in. - Go right 3 spaces on the
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x-axis, then go down four spaces on the y-axis. Quadrant IV.
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ii What does the coefficient show us? - How strong the relationship in data is
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ii Given the equation y = 2x + 4, what would the value of y be when x = 1? - 6
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Explain what the points look like when there is a strong positive correlation. - When there
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is a strong positive correlation, the points are going upwards to the right and super tight
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and compact.
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ii The y-intercept uses which letter? - b
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ii What is an exponential equation? - An equation that has an exponent and is a variable
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Larry wanted to put money into his bank account. He walked into the bank and needed to
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fill out this form in order to put money in, or take money out of his account. - Deposit slip
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ii In BE, B stands for the base number. What does the E stand for ? - Exponent
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Becca made a withdrawal from her bank account. What does that mean? - She took
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money out of her account.
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Which statement is true? - A checking account is where you want to keep your spending
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money and a savings account is where you want to keep your savings.
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When trying to find the amount of interest you will pay if you borrow money, what three
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things must you calculate? Think PRT. - Principal, interest rate, time
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I bought groceries with my debit card. How long before the money is taken out of my
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checking account? - Immediately
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Answers Questions and answers |
Updated 2024/25
The final price after all percentages are taken off and taxes are added up is known as the
ii ii ii ii ii ii ii ii ii ii ii ii ii ii ii ii ii
what? - Total price
ii ii ii ii ii ii
Describe something you could do if you were spending too much money and needed help
ii ii ii ii ii ii ii ii ii ii ii ii ii ii ii
managing it. - If you were spending too much money and needed to manage it, you could
ii ii ii ii ii ii ii ii ii ii ii ii ii ii ii ii ii ii ii
make a budget for yourself, and to make sure you wont go over your budget limit you can
ii ii ii ii ii ii ii ii ii ii ii ii ii ii ii ii ii ii
put all of the money into envelopes for their spending category. Then all of your leftover
ii ii ii ii ii ii ii ii ii ii ii ii ii ii ii ii
money can go into a savings account or emergency funding account.
ii ii ii ii ii ii ii ii ii ii ii
ii Gold, jewelry, antique furniture, and other belongings are known as what? - Assets
ii ii ii ii ii ii ii ii ii ii ii ii ii ii
ii What does retail price mean? - The price before anything is taken off for selling.
ii ii ii ii ii ii ii ii ii ii ii ii ii ii ii ii
ii Where the line crosses the y-axis is known as the what? - Y-intercept
ii ii ii ii ii ii ii ii ii ii ii ii ii ii
Barb noticed that she had to pay a sales tax for the shoes she bought at the store. What is
ii ii ii ii ii ii ii ii ii ii ii ii ii ii ii ii ii ii ii ii
sales tax? - A percentage of total sales that is collected on behalf of the state, county, or
ii ii ii ii ii ii ii ii ii ii ii ii ii ii ii ii ii ii ii ii
local government.
ii ii
ii Slope uses what letter? - m ii ii ii ii ii ii ii
Explain how to change .4 into a percent, then write the percent. - Multiply by 100 to get
ii ii ii ii ii ii ii ii ii ii ii ii ii ii ii ii ii ii ii ii
40%
ii
ii What position do the quadrants go in on a Cartesian plane? - Counterclockwise
ii ii ii ii ii ii ii ii ii ii ii ii ii ii
ii Given plot points (1, 5) what quadrant would you be in? - Quadrant I
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ii What does percent mean? - Part of 100.
ii ii ii ii ii ii ii ii ii
ii A company's value is also known as their what? - Net worth
ii ii ii ii ii ii ii ii ii ii ii ii ii
ii What direction do you move on the y-axis? - Up or down
ii ii ii ii ii ii ii ii ii ii ii ii ii
Explain how the richest people are ranked. - The richest people are ranked by net worth
ii ii ii ii ii ii ii ii ii ii ii ii ii ii ii ii ii ii
by combining all of their assets.
ii ii ii ii ii ii
, Wendy wants to find her average monthly expenses. In October she spent $450, In
ii ii ii ii ii ii ii ii ii ii ii ii ii ii
November she spent $750, in December she spent $1,000 and in January she spent $565.
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What are her average monthly expenses? - $691.25
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ii What our data tells us is also known as the what? - Correlation
ii ii ii ii ii ii ii ii ii ii ii ii ii ii
ii What direction do you move on the x-axis? - Left or right
ii ii ii ii ii ii ii ii ii ii ii ii ii
ii What is purchasing power? - What an individual can buy in terms of goods and services.
ii ii ii ii ii ii ii ii ii ii ii ii ii ii ii ii ii
ii What is the cost for 5 t-shirts that cost $10 with a sales tax of 6%? - $53
ii ii ii ii ii ii ii ii ii ii ii ii ii ii ii ii ii ii ii
ii What is an example of a variable expense? - Grocery bill
ii ii ii ii ii ii ii ii ii ii ii ii
When given plot points (3, -4), explain the direction you go first, then last. Include the name
ii ii ii ii ii ii ii ii ii ii ii ii ii ii ii ii ii
of the axis for each point and what quadrant you would land in. - Go right 3 spaces on the
ii ii ii ii ii ii ii ii ii ii ii ii ii ii ii ii ii ii ii ii ii ii
x-axis, then go down four spaces on the y-axis. Quadrant IV.
ii ii ii ii ii ii ii ii ii ii ii
ii What does the coefficient show us? - How strong the relationship in data is
ii ii ii ii ii ii ii ii ii ii ii ii ii ii ii
ii Given the equation y = 2x + 4, what would the value of y be when x = 1? - 6
ii ii ii ii ii ii ii ii ii ii ii ii ii ii ii ii ii ii ii ii ii ii
Explain what the points look like when there is a strong positive correlation. - When there
ii ii ii ii ii ii ii ii ii ii ii ii ii ii ii ii ii ii
is a strong positive correlation, the points are going upwards to the right and super tight
ii ii ii ii ii ii ii ii ii ii ii ii ii ii ii ii
and compact.
ii ii
ii The y-intercept uses which letter? - b
ii ii ii ii ii ii ii ii
ii What is an exponential equation? - An equation that has an exponent and is a variable
ii ii ii ii ii ii ii ii ii ii ii ii ii ii ii ii ii
Larry wanted to put money into his bank account. He walked into the bank and needed to
ii ii ii ii ii ii ii ii ii ii ii ii ii ii ii ii ii
fill out this form in order to put money in, or take money out of his account. - Deposit slip
ii ii ii ii ii ii ii ii ii ii ii ii ii ii ii ii ii ii ii ii ii ii
ii In BE, B stands for the base number. What does the E stand for ? - Exponent
ii ii ii ii ii ii ii ii ii ii ii ii ii ii ii ii ii ii
Becca made a withdrawal from her bank account. What does that mean? - She took
ii ii ii ii ii ii ii ii ii ii ii ii ii ii ii ii ii
money out of her account.
ii ii ii ii ii
Which statement is true? - A checking account is where you want to keep your spending
ii ii ii ii ii ii ii ii ii ii ii ii ii ii ii ii ii ii
money and a savings account is where you want to keep your savings.
ii ii ii ii ii ii ii ii ii ii ii ii ii
When trying to find the amount of interest you will pay if you borrow money, what three
ii ii ii ii ii ii ii ii ii ii ii ii ii ii ii ii ii
things must you calculate? Think PRT. - Principal, interest rate, time
ii ii ii ii ii ii ii ii ii ii ii ii ii
I bought groceries with my debit card. How long before the money is taken out of my
ii ii ii ii ii ii ii ii ii ii ii ii ii ii ii ii ii
checking account? - Immediately
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