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OMGT Test 1 Bank Exam Questions and Answers
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OMGT Test 1 Bank Exam Questions and Answers
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OMGT Test 1 Bank Exam Questions andAnswers
If Profit = 500 and Revenue = 1000, then what is Profit? - Answer-500
If fixed costs increase, ceteris paribus, then the break-even point ... - Answer-must
increase.
If Profit = $15,000 with fixed cost = $10000 and variable costs of $40, then what is the
price? - Answer-Indeterminate, since not enough information is provided to solve the
problem.
What is the break-even point when fixed costs are $1000, price is $10, and variable
costs are $5? - Answer-200
If the break-even point is 10000 units when the fixed cost is $10000, then the variable
cost is? - Answer-Indeterminate since not enough information is provided to solve the
problem.
If fixed costs increase, ceteris paribus, then Profit ... - Answer-must decrease.
If Profit = 1500 and Revenue = 500, then what is Cost? - Answer--1000
If variable cost decreases, ceteris paribus, then Profit ... - Answer-increases.
If price = $40, variable cost = $20, and fixed cost is $10,000, then for a Profit of $5000,
the quantity sold must be ... - Answer-750
If price is $50, variable cost is $25, and fixed cost is $5500, then what is Profit for a
production quantity of 100 units? - Answer-Less than -$1000.
If price increases, ceteris paribus, then the break-even point ... - Answer-must
decrease.
For any symmetric probability distribution, - Answer-the mean and median are equal.
Calculate the median of: 5, 2, 8 - Answer-5
Calculate the standard deviation of: 2, 3, 7 - Answer-2.6
If the mean of a data set is 65 and its standard deviation is 10, then a data point with a
value of 50 is ... - Answer-not an outlier.
Calculate the average of: 2, 7, 3, 8, 6 - Answer-5.2
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