Page 1 of 40
Business Math & Statistics - Ivy Software EXAM
WITH COMPLETE 250 QUESTIONS AND SOLUTIONS
LATEST UPDATE JUST RELEASED THIS YEAR
Question: Which of the following is the monomial expression?
A) 4x^3 + 6x^4 +12x^3 + 45x^4 +6
B) 143x^4 + 3x^4
C) 143x^4 + 78x^4 + 6x^4 + 76 - CORRECT ANSWER✔✔B) 143x^4 + 3x^4 - its the only term
where the x's can be added together to get one term
Question: Write an equation to related total cost to number of driveways paved.
Asphalt, tar & concrete/driveway = $7,000
Direct Labor/Driveway = $12,000
Office Expenses & Other Labor = $5,000 - CORRECT ANSWER✔✔y = 19x + 5
Question: Which of the following is the binomial expression?
A) 4x^3 + 6x^4 +12x^3 + 45x^4 +6
B) 143x^4 + 3x^4
C) 143x^4 + 78x^4 + 6x^4 + 76 - CORRECT ANSWER✔✔C) 143x^4 + 78x^4 + 6x^4 + 76 - tis the
only term where the x's can be added together to get two terms
, Page 2 of 40
Question: Which of the following is the trinomial expression?
A) 4x^3 + 6x^4 +12x^3 + 45x^4 +6
B) 143x^4 + 3x^4
C) 143x^4 + 78x^4 + 6x^4 + 76 - CORRECT ANSWER✔✔A) 4x^3 + 6x^4 +12x^3 + 45x^4 +6 - its
the only term where the x's can be added together to get three terms
Question: True/False: the Contribution Margin is the amount that can be contributed to fixed
costs. - CORRECT ANSWER✔✔True: the contribution margin is the amount the company
receives from the sales of its product minus the product's variable costs. Therefore, the amount
remaining (after variable costs) can be used to pay the company's fixed costs.
Question: True/False: When the following equation hold true, we are at the breakeven level in
dollars:
Sales - Variable Costs = Fixed Costs - CORRECT ANSWER✔✔True
Question: True/False: for the equation 2x - 3y = 6, the x and y intercepts are x=3, y=-2 -
CORRECT ANSWER✔✔True
Question: When solving for an unknown variable that has a number preceding it, you will divide
both sides of the equation by this number, which is known as the:
, Page 3 of 40
A) base
B) power
C) exponent
D) coefficient
E) none of the above - CORRECT ANSWER✔✔D) coefficient
Question: To separate an unknown variable from its exponent one should: - CORRECT
ANSWER✔✔multiply the exponent by its inverse
Question: Which of the following are fixed costs: Sales, office payroll (receptionist &
bookeeper), advertising, home remodeling, office remodeling, sales commission, interest
expense - CORRECT ANSWER✔✔office payroll, advertising, office remodeling, interest expense
Question: Given these two equations, solve for x and y:
8x = 2y + 36 and 9y = 3x + 3 - CORRECT ANSWER✔✔(5,2)
Question: What is the correct order for separating, ordering and organizing of expressions?
A) parentheses, brackets, braces, parentheses, and so on....
B) brackets, braces, parentheses, brackets, and so on....
, Page 4 of 40
C) braces, parentheses, brackets, braces, and so on.... - CORRECT ANSWER✔✔A) parentheses,
brackets, braces, parentheses, and so on....
Question: The graph for the equation y = 2x would look like:
a. a vertex.
b. two straight lines.
c. a parabola.
d. none of the above. - CORRECT ANSWER✔✔d. none of the above. - it would be one straight
line
Question: Solve for x: (2x + 3)/5 + (x +1)/4 =2
a. 13/20
b. -1
c. 23/13
d. 20/12 - CORRECT ANSWER✔✔c. 23/13
Question: True/False: The fixed costs for a certain project are $50 and it costs $2 to produce
one unit. The equation that relates y (total costs) to x (total number of units produced) is y = 50
+ 2x. - CORRECT ANSWER✔✔True
Business Math & Statistics - Ivy Software EXAM
WITH COMPLETE 250 QUESTIONS AND SOLUTIONS
LATEST UPDATE JUST RELEASED THIS YEAR
Question: Which of the following is the monomial expression?
A) 4x^3 + 6x^4 +12x^3 + 45x^4 +6
B) 143x^4 + 3x^4
C) 143x^4 + 78x^4 + 6x^4 + 76 - CORRECT ANSWER✔✔B) 143x^4 + 3x^4 - its the only term
where the x's can be added together to get one term
Question: Write an equation to related total cost to number of driveways paved.
Asphalt, tar & concrete/driveway = $7,000
Direct Labor/Driveway = $12,000
Office Expenses & Other Labor = $5,000 - CORRECT ANSWER✔✔y = 19x + 5
Question: Which of the following is the binomial expression?
A) 4x^3 + 6x^4 +12x^3 + 45x^4 +6
B) 143x^4 + 3x^4
C) 143x^4 + 78x^4 + 6x^4 + 76 - CORRECT ANSWER✔✔C) 143x^4 + 78x^4 + 6x^4 + 76 - tis the
only term where the x's can be added together to get two terms
, Page 2 of 40
Question: Which of the following is the trinomial expression?
A) 4x^3 + 6x^4 +12x^3 + 45x^4 +6
B) 143x^4 + 3x^4
C) 143x^4 + 78x^4 + 6x^4 + 76 - CORRECT ANSWER✔✔A) 4x^3 + 6x^4 +12x^3 + 45x^4 +6 - its
the only term where the x's can be added together to get three terms
Question: True/False: the Contribution Margin is the amount that can be contributed to fixed
costs. - CORRECT ANSWER✔✔True: the contribution margin is the amount the company
receives from the sales of its product minus the product's variable costs. Therefore, the amount
remaining (after variable costs) can be used to pay the company's fixed costs.
Question: True/False: When the following equation hold true, we are at the breakeven level in
dollars:
Sales - Variable Costs = Fixed Costs - CORRECT ANSWER✔✔True
Question: True/False: for the equation 2x - 3y = 6, the x and y intercepts are x=3, y=-2 -
CORRECT ANSWER✔✔True
Question: When solving for an unknown variable that has a number preceding it, you will divide
both sides of the equation by this number, which is known as the:
, Page 3 of 40
A) base
B) power
C) exponent
D) coefficient
E) none of the above - CORRECT ANSWER✔✔D) coefficient
Question: To separate an unknown variable from its exponent one should: - CORRECT
ANSWER✔✔multiply the exponent by its inverse
Question: Which of the following are fixed costs: Sales, office payroll (receptionist &
bookeeper), advertising, home remodeling, office remodeling, sales commission, interest
expense - CORRECT ANSWER✔✔office payroll, advertising, office remodeling, interest expense
Question: Given these two equations, solve for x and y:
8x = 2y + 36 and 9y = 3x + 3 - CORRECT ANSWER✔✔(5,2)
Question: What is the correct order for separating, ordering and organizing of expressions?
A) parentheses, brackets, braces, parentheses, and so on....
B) brackets, braces, parentheses, brackets, and so on....
, Page 4 of 40
C) braces, parentheses, brackets, braces, and so on.... - CORRECT ANSWER✔✔A) parentheses,
brackets, braces, parentheses, and so on....
Question: The graph for the equation y = 2x would look like:
a. a vertex.
b. two straight lines.
c. a parabola.
d. none of the above. - CORRECT ANSWER✔✔d. none of the above. - it would be one straight
line
Question: Solve for x: (2x + 3)/5 + (x +1)/4 =2
a. 13/20
b. -1
c. 23/13
d. 20/12 - CORRECT ANSWER✔✔c. 23/13
Question: True/False: The fixed costs for a certain project are $50 and it costs $2 to produce
one unit. The equation that relates y (total costs) to x (total number of units produced) is y = 50
+ 2x. - CORRECT ANSWER✔✔True
