General Business Analysis MCQs

1. Which one is not a data collection method?

2. Gaining information from government archives and data repositories is an example of ______ data.

3. The table consists of the daily sales made individually by 8 salesmen of a company for one week. Calculate the standard deviation of the sales made.

4. Calculate the compound interest compounded half yearly for 1 year on $10000 at an interest rate of 6% per annum.

5. To construct a scatterplot, you need at least __________ variables to plot.

6. Costco is preparing to give out surveys to all its weekend shoppers as part of its new promotional campaign. This is an example of a ______________ study.

7. All of the following are things that must be considered in business research ethics EXCEPT

8. The table consists of the incentives achieved by the employees in an organization. Calculate the mode.

9. Adam starts a business with an amount of $2000. After a few months, Brian joins Adam by investing $3000. If the profit is equally divided at the end of the year, after how much time had Brian joined the business?

10. Which one is not an example of Formal Research?

11. When conducting business research, the first step in the process is to formulate a ___________.

12. Adam and Brian start a business by investing $50000 and $100000 respectively. They decide that they will divide the profit proportionate to their investment. If there is a profit of $18000, what is Brian's share?

13. Which scatter diagram is likely to represent a complex relationship between two variables?

14. In an office comprising 200 people, 25% people are between the age of 20-25 years, 35% between the age of 25-30 years, 30% between the age of 30-35 years and 10% above the age of 35 years. Calculate the total number of people working in the office between the age of 20-30 years.

15. What are the main sources of stress during your workday? is an example of a(an) __________ question.

16. George and Michael start a business by investing $15000 and $20000 respectively. Michael leaves the business after 5 months but does not take back his invested amount while leaving. Samuel joins the same business after 5 months by investing $10000. There is a profit of $4000 at the end of the year. What is Samuel's share in the profit?

17. The compound interest earned over 5 years on a certain sum of money is $1000 at an interest rate of 20% per annum. How much interest would have been earned if simple interest had been charged instead of compound interest?

18. Calculate the compound interest earned over a period of 6 months on $30000 at an interest rate of 20% per annum. The interest is compounded quarterly.

19. Calculate the median from the following table:

20. Many statistical calculations are based on _____________.

21. Nominal data uses numbers to indicate a _______________.

22. A stem-and-leaf display is a way to organize _____________ data into chunks?

23. The EMI for a certain sum of money is $212.47. Calculate the loan amount if the rate of interest is 10% for a period of 5 years.

24. The following is a group of problems occurring in an office which has been analyzed by the office in-charge. If the in-charge does the pareto analysis, what is the percentage of problems which need to be solved on an urgent basis?

25. A _______________ presents data from two sets of observations or variables.

26. A correlational study is likely to use ____________ research design.

27. Brian takes a loan of $20000 from a bank for a period of 2 years. If his EMI is $904.5, calculate the annual rate of interest at which he took the loan.

28. ______________ research design is usually used when little information is available about the object of study.

29. Adam, Brian and Charlie start a business by investing $1400. Together Adam and Brian are supposed to do three seventh of the work in the business. What was Charlie's share at the start of the business?

30. The difference between a _________ and a ___________is a very important concept in Business Statistics.

31. Which is a graphic representation of data based on paired observations?

32. Andy takes a loan of $10000 from a bank for a period of 3 years at 10% annual rate of interest. Calculate his EMI(Equated Monthly Installment).

33. Numerical data or measure that describes a sample is _______________.

34. Ordinal numbers or data are concerned with _____________.

35. Which types of data are called Parametric data?

36. Adam and Brian start a business. Twice the investment made by Adam is equal to thrice the investment of Brian. Calculate Brian's share if there is a profit of $2500 in the business.

37. All of the following are advantages of the survey and questionnaires method of business research EXCEPT:

38. George, Michael and Samuel give $40000 to Peter to start a business. George gives $5000 more than Michael and Michael gives $4000 more than Samuel. Out of a total profit of $10000 from the business, how much does Michael receive?

39. Calculate the simple interest on a sum of $5000 at an interest rate of 20% per annum for a period of 1 year.

40. What type of analysis is Estimation?

41. Conducting a focus group is an example of _____________ research design.

42. Continuous improvement is typically associated with ____.

43. Corporate-level strategy is concerned with ____ and how to manage these businesses.

44. Programmed decision making is a(n) ______ process.

45. Programmed decisions are made in response to _____ organizational problems.

46. The traditional network design approach does not work well for _________ networks.

47. The traditional systems development life cycle (sdlc) is divided into _____ phases.

48. The business analysis stage of a new-product development process _____.

49. The ______ is erratic shifts in orders up and down the supply chain.

50. _____ should ultimately be the focus of any outsourcing or insourcing decisions made by a company.

51. A(n) ________ is a network of activities that generate worth by transforming inputs into outputs.

52. If the price of butter increases, then the demand for margarine will likely _____.