Page 1 of 50
Ivy Software Business Math AND
Statistics EXAM ALL QUESTIONS AND
VERIFIED SOLUTIONS LATEST
UPDATE 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 - 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 - ANSWER-y = 19x + 5
Total Costs = (Variable costs per unit * Units of Production) + Fixed Costs
1
, Page 2 of 50
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 - 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
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 - 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. - 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.
2
, Page 3 of 50
QUESTION: True/False: When the following equation hold true, we are at the breakeven level in
dollars:
Sales - Variable Costs = Fixed Costs - ANSWER-True
QUESTION: True/False: for the equation 2x - 3y = 6, the x and y intercepts are x=3, y=-2 -
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:
A) base
B) power
C) exponent
D) coefficient
E) none of the above - ANSWER-D) coefficient
Q; x^5 = 32
solve for x - ANSWER-x = 2
3
, Page 4 of 50
x^5=32
x=[(^5)√32]
x=2
QUESTION: 2^x = 16
solve for x - ANSWER-x = 4
QUESTION: Solve for x and y for these simultaneous equations:
3x = 14-5y
7x+2y = 23 - ANSWER-x = 3
y=1
QUESTION: Equation for Total Cost - ANSWER-Total costs = (variable cost per unit * number of
units produced) + Fixed Costs
QUESTION: Material $75/television
Direct Labor $40/television
4
Ivy Software Business Math AND
Statistics EXAM ALL QUESTIONS AND
VERIFIED SOLUTIONS LATEST
UPDATE 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 - 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 - ANSWER-y = 19x + 5
Total Costs = (Variable costs per unit * Units of Production) + Fixed Costs
1
, Page 2 of 50
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 - 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
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 - 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. - 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.
2
, Page 3 of 50
QUESTION: True/False: When the following equation hold true, we are at the breakeven level in
dollars:
Sales - Variable Costs = Fixed Costs - ANSWER-True
QUESTION: True/False: for the equation 2x - 3y = 6, the x and y intercepts are x=3, y=-2 -
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:
A) base
B) power
C) exponent
D) coefficient
E) none of the above - ANSWER-D) coefficient
Q; x^5 = 32
solve for x - ANSWER-x = 2
3
, Page 4 of 50
x^5=32
x=[(^5)√32]
x=2
QUESTION: 2^x = 16
solve for x - ANSWER-x = 4
QUESTION: Solve for x and y for these simultaneous equations:
3x = 14-5y
7x+2y = 23 - ANSWER-x = 3
y=1
QUESTION: Equation for Total Cost - ANSWER-Total costs = (variable cost per unit * number of
units produced) + Fixed Costs
QUESTION: Material $75/television
Direct Labor $40/television
4
