Quizsummary
0 of 46 questions completed
Questions:
 1
 2
 3
 4
 5
 6
 7
 8
 9
 10
 11
 12
 13
 14
 15
 16
 17
 18
 19
 20
 21
 22
 23
 24
 25
 26
 27
 28
 29
 30
 31
 32
 33
 34
 35
 36
 37
 38
 39
 40
 41
 42
 43
 44
 45
 46
Information
You must specify a text. 

You must specify an email address. 

You must specify a text. 
Identify areas you are strong and weak in BEFORE your MBA program starts so you can work on your weak areas and be BETTER prepared.
You have already completed the quiz before. Hence you can not start it again.
Quiz is loading...
You must sign in or sign up to start the quiz.
You have to finish following quiz, to start this quiz:
Results
0 of 46 questions answered correctly
Your time:
Time has elapsed
You have reached 0 of 0 points, (0)
Average score 

Your score 

Categories
 Accounting 0%
 Algebra 0%
 Finance 0%
 Microsoft Excel 0%
 Statistics 0%

Well done !
Here are your overall results and your performance by category. You can now work on any areas you believe need improvement.
Good luck with your MBA program.
The Owl Family.
 1
 2
 3
 4
 5
 6
 7
 8
 9
 10
 11
 12
 13
 14
 15
 16
 17
 18
 19
 20
 21
 22
 23
 24
 25
 26
 27
 28
 29
 30
 31
 32
 33
 34
 35
 36
 37
 38
 39
 40
 41
 42
 43
 44
 45
 46
 Answered
 Review

Question 1 of 46
1. Question
Category: AlgebraWhat the value of the function: 3x + 4, if x=35?
Correct
Incorrect

Question 2 of 46
2. Question
Category: AlgebraSolve 20 – 2 × 3^2 + 354/16
Correct
Incorrect

Question 3 of 46
3. Question
Category: AlgebraChef’s Bakery sells an apple pie for $9 per pie. It costs them $3 to buy the pie and $3500 per month to run their bakery. What is the monthly profits if they sell 1,000 pies this month.
Correct
Incorrect

Question 4 of 46
4. Question
Category: AlgebraChef’s Bakery sells an apple pie for $9 per pie. It costs them $3 to buy the pie and $3500 per month to run their bakery. What is the algebric equation representing their monthly profits? (assume unit sales is represented by x)
Correct
Incorrect

Question 5 of 46
5. Question
Category: AlgebraChef’s Bakery sells an apple pie for $9 per pie. It costs them $3 to buy the pie and $3000 per month to run their bakery. What is Chef’s break even point?
Correct
Incorrect

Question 6 of 46
6. Question
Category: AlgebraIf two dots on a plane are represented by (1,7) and (3,13), what is the equation of the line that connects them?
Correct
Incorrect

Question 7 of 46
7. Question
Category: AlgebraWhich of the following is a quadratic equation?
Correct
Incorrect

Question 8 of 46
8. Question
Category: AlgebraThe roots of a quadratic equation can be expressed by:
Correct
Incorrect

Question 9 of 46
9. Question
Category: AlgebraWhat is the degree of the following equation: y=x^6 – 3x^4 + 2×2?
Correct
Incorrect

Question 10 of 46
10. Question
Category: AlgebraSimplify 5+(x^3)^2 × (x^2):
Correct
Incorrect

Question 11 of 46
11. Question
Category: AlgebraWhat is log 10,000 to the base 10
Correct
Incorrect

Question 12 of 46
12. Question
Category: AccountingWhich of the following statements are NOT part of financial statements presented by the company?
Correct
Incorrect

Question 13 of 46
13. Question
Category: AccountingWhich of these statements reflects the balance sheet equation?
Correct
Incorrect

Question 14 of 46
14. Question
Category: AccountingThe Income Statement shows the income a company has generated:
Correct
Incorrect

Question 15 of 46
15. Question
Category: AccountingThe bottom line of a company usually refers to:
Correct
Incorrect

Question 16 of 46
16. Question
Category: AccountingA balance sheet reports the total assets of a company
Correct
Incorrect

Question 17 of 46
17. Question
Category: AccountingWhich of the following is NOT true of fixed costs?
Correct
Incorrect

Question 18 of 46
18. Question
Category: AccountingABC Inc. produces 2,000 Bikeman tricyles a year in North Dakota. The unit costs associated with a Bikeman tricyle are as follows:
$30 Direct materials
$20 Direct manufacturing labor
$10 Sales commissions (2% of sales)
$15 Variable manufacturing overhead
$10 Fixed manufacturing overhead
$15 Corporate overheadWhat is the variable cost per unit for a Bikeman tricyle?
Correct
Incorrect

Question 19 of 46
19. Question
Category: AccountingABC Inc. produces 2000 Bikeman tricyles a year in North Dakota. The unit costs associated with a Bikeman tricyle are as follows:
$30 Direct materials
$20 Direct manufacturing labor
$10 Sales commissions (2% of sales)
$15 Variable manufacturing overhead
$10 Fixed manufacturing overhead
$15 Corporate overheadWhat is the total fixed cost incurred by the company?
Correct
Incorrect

Question 20 of 46
20. Question
Category: AccountingABC Inc. produced 2000 Bikeman tricyles in North Dakota last year. The unit costs associated with a Bikeman tricyle are as follows:
$30 Direct materials
$20 Direct manufacturing labor
$10 Sales commissions (2% of sales)
$15 Variable manufacturing overhead
$10 Fixed manufacturing overhead
$15 Corporate overheadWhat are the profits if each bicyle is sold for $150 this year?
Correct
Incorrect

Question 21 of 46
21. Question
Category: AccountingABC Inc. produced 2,000 Bikeman tricyles in North Dakota LAST year. The unit costs associated with a Bikeman tricyle were as follows:
$30 Direct materials
$20 Direct manufacturing labor
$10 Sales commissions (2% of sales)
$15 Variable manufacturing overhead
$10 Fixed manufacturing overhead
$15 Corporate overheadThe company sells each tricycle for $150. What is the profit if the volume produced increases to 3,000 tricyles NEXT year?
Correct
Incorrect

Question 22 of 46
22. Question
Category: AccountingABC Cool Engines Company has 200 engines in inventory at the beginning of the year. They sold 275 engines during the year and had 40 engines at the end of the year. How many engines did they produce during the year?
Correct
Incorrect

Question 23 of 46
23. Question
Category: Microsoft ExcelWhich of these is the correct Microsoft Excel formula to add numbers in cells A1 to A5?
Correct
Incorrect

Question 24 of 46
24. Question
Category: Microsoft ExcelWhich formula is used to compute the present value of a stream of uneven future cash flows for a prescribed time?
Correct
Incorrect

Question 25 of 46
25. Question
Category: Microsoft ExcelThe sumproduct formula is used to:
Correct
Incorrect

Question 26 of 46
26. Question
Category: Microsoft ExcelThe vlookup function in Microsoft Excel helps you
Correct
Incorrect

Question 27 of 46
27. Question
Category: Microsoft ExcelWhich of the following is NOT true of the “if” function in excel?
Correct
Incorrect

Question 28 of 46
28. Question
Category: FinanceIf you had $100 today, you can
Correct
Incorrect

Question 29 of 46
29. Question
Category: FinanceIf the price of a car that was $15,000 in 1990 increased with inflation which was 5% per year, what would be the price in 1995?
Correct
Incorrect

Question 30 of 46
30. Question
Category: FinanceIf you put $1,000 in a bank today, what will you have in the bank in 5 years if the bank pays you 8% simple interest every year?
Correct
Incorrect

Question 31 of 46
31. Question
Category: FinanceIf you put $1,000 in a bank today, what will you have in the bank in 5 years if the bank pays you 8% interest every year and pays it every 6 months?
Correct
Incorrect

Question 32 of 46
32. Question
Category: FinanceWhat is the primary objective of the management of a firm or company?
Correct
Incorrect

Question 33 of 46
33. Question
Category: FinanceWhich of these investments has the most risk in finance?
Correct
Incorrect

Question 34 of 46
34. Question
Category: FinanceWhich of these investments has the least risk in finance?
Correct
Incorrect

Question 35 of 46
35. Question
Category: FinanceHow would you describe a stream of cash flows that increases steadily for ever (example: a dividend)?
Correct
Incorrect

Question 36 of 46
36. Question
Category: FinanceHow would you describe a steady stream of cash flows from your retirement at 60 years of age till you are 80 years old?
Correct
Incorrect

Question 37 of 46
37. Question
Category: FinanceYou have $1,000 in the bank today and the bank pays you 5% interest every year. The inflation rate is 2% per year. What is the real value of your bank balance at the end of 5 years (in terms of purchasing power)?
Correct
Incorrect

Question 38 of 46
38. Question
Category: FinanceI want to have $1,000,000 in my retirement fund when I retire in 40 years and I expect my retirement fund to return 6% per year. How much must I put into my retirement fund every year starting at the end of this year to have $1,000,000 when I retire in 40 years?
Correct
Incorrect

Question 39 of 46
39. Question
Category: StatisticsPete’s game scores today were 7, 11 , 4, 6, 4, 9 and 8. What is his average score?
Correct
Incorrect

Question 40 of 46
40. Question
Category: StatisticsPete’s game scores today were 7, 11 , 4, 6, 4, 9 and 8. What is his median score?
Correct
Incorrect

Question 41 of 46
41. Question
Category: StatisticsPete’s game scores today were 7, 11 , 4, 6, 4, 9 and 8. Yesterday his scores were 7, 6, 6, 8 and 7. Did he have a higher standard deviation today?
Correct
Incorrect

Question 42 of 46
42. Question
Category: StatisticsIf a box of apples contains 30 green apples and 20 red apples, what is the probability of selecting a red apple from the box?
Correct
Incorrect

Question 43 of 46
43. Question
Category: StatisticsThe probability of a family owning a car is 60%. What is the probability of a family not owning a car?
Correct
Incorrect

Question 44 of 46
44. Question
Category: StatisticsThe probability of a family owning a car is 60%. The probability of a family eating out once a week is 70%. What is the probability of a family both owning a car and eating out once a week?
Correct
Incorrect

Question 45 of 46
45. Question
Category: StatisticsThe expected average temperature tomorrow is uniformly distributed between 80 degrees Fahrenheit and 90 degrees Fahrenheit. What is the probability of seeing an average temperature above 86 degrees Fahrenheit?
Correct
Incorrect

Question 46 of 46
46. Question
Category: StatisticsSales expected next year is normally distributed with a mean of $250,000 and standard deviation of $25,000. What is the probability of sales exceeding $250,000?
Correct
Incorrect