MAC3761 EXAM PACK QUESTIONS
AND ANSWERS
Business schools have taught what theory of corporate management? -
Correct Answer>>Maximizing shareholder value
As a percentage of GDP finance has grown to what in 2020? - Correct
Answer>>22%
Finance has 5% of the employment but how much of the profits? - Correct
Answer>>29%
In the 60s & 70s, each dollar of profit by a business resulted in 40 cents
invested back into the business. Today that number is? - Correct
Answer>>10%
Creating a differentiated name and/or image is called? - Correct
Answer>>Branding
We talked about 3 questions business managers need to make prior to
making decisions. In marketing that is called? - Correct Answer>>Situation
analysis
Using SWOT Amazon turned what into a what? - Correct Answer>>Weakness
into a strength
In talking about getting a job in 2023 one thing you can control is? - Correct
Answer>>Work ethic
I gave you some ideas of courses you can take to advance your job
prospects? - Correct Answer>>All answers are correct
, Oil is priced in dollars for everyone so if the price of oil goes up 10% and
your currency is worth 10% less how much of a premium are you paying for
oil? - Correct Answer>>20%
Normally distributed data is also called? - Correct Answer>>Bell curve
Standard deviation is? - Correct Answer>>Distribution of data around the
mean
I sell an average of 500 pieces a month with a standard deviation of 100.
How much inventory do I need to ship 95% complete and on time? - Correct
Answer>>700
Two standard deviations + or - from the mean has how many of the total
observations? - Correct Answer>>95%
F(x) = 4 + 5X What is the slope? - Correct Answer>>5
F(x) = 100 + 6X What is the range of change of this function? - Correct
Answer>>6
Two primary uses for regression are? - Correct Answer>>Prediction and
optimization
You lease a car for $1,000 a month. How will it be recorded? - Correct
Answer>>Debit a car for $1,000 & credit cash $1,000
In the graph where does the total cost curve start on the y axis? - Correct
Answer>>At the point where fixed cost intersects the y axis
The usual measure of risk in finance is? - Correct Answer>>Standard
deviation
AND ANSWERS
Business schools have taught what theory of corporate management? -
Correct Answer>>Maximizing shareholder value
As a percentage of GDP finance has grown to what in 2020? - Correct
Answer>>22%
Finance has 5% of the employment but how much of the profits? - Correct
Answer>>29%
In the 60s & 70s, each dollar of profit by a business resulted in 40 cents
invested back into the business. Today that number is? - Correct
Answer>>10%
Creating a differentiated name and/or image is called? - Correct
Answer>>Branding
We talked about 3 questions business managers need to make prior to
making decisions. In marketing that is called? - Correct Answer>>Situation
analysis
Using SWOT Amazon turned what into a what? - Correct Answer>>Weakness
into a strength
In talking about getting a job in 2023 one thing you can control is? - Correct
Answer>>Work ethic
I gave you some ideas of courses you can take to advance your job
prospects? - Correct Answer>>All answers are correct
, Oil is priced in dollars for everyone so if the price of oil goes up 10% and
your currency is worth 10% less how much of a premium are you paying for
oil? - Correct Answer>>20%
Normally distributed data is also called? - Correct Answer>>Bell curve
Standard deviation is? - Correct Answer>>Distribution of data around the
mean
I sell an average of 500 pieces a month with a standard deviation of 100.
How much inventory do I need to ship 95% complete and on time? - Correct
Answer>>700
Two standard deviations + or - from the mean has how many of the total
observations? - Correct Answer>>95%
F(x) = 4 + 5X What is the slope? - Correct Answer>>5
F(x) = 100 + 6X What is the range of change of this function? - Correct
Answer>>6
Two primary uses for regression are? - Correct Answer>>Prediction and
optimization
You lease a car for $1,000 a month. How will it be recorded? - Correct
Answer>>Debit a car for $1,000 & credit cash $1,000
In the graph where does the total cost curve start on the y axis? - Correct
Answer>>At the point where fixed cost intersects the y axis
The usual measure of risk in finance is? - Correct Answer>>Standard
deviation
