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Business Analysis MCQ

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Business Analysis Quick Quiz

Question 1 of 10
  • The difference between a _________ and a ___________is a very important concept in Business Statistics.

    Answer & Explanation

    Correct Answer: Population, Sample

    Note: This Question is unanswered, help us to find answer for this one

  • 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.

    Answer & Explanation

    Correct Answer: 8%

    Note: This Question is unanswered, help us to find answer for this one

  • 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?

    Answer & Explanation

    Correct Answer: 50%

    Note: This Question is unanswered, help us to find answer for this one

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

    Answer & Explanation

    Correct Answer: 2

    Note: This Question is unanswered, help us to find answer for this one

  • Which of the following is not a data collection method?

    Answer & Explanation

    Correct Answer: Managers' experience 

    Note: This Question is unanswered, help us to find answer for this one

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

    Answer & Explanation

    Correct Answer: Provides causative information

    Note: This Question is unanswered, help us to find answer for this one

  • 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.

    Answer & Explanation

    Correct Answer: 120

    Note: This Question is unanswered, help us to find answer for this one

  • 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.

    Answer & Explanation

    Correct Answer: $10000

    Note: This Question is unanswered, help us to find answer for this one

  • A correlational study is likely to use ____________ research design

    Answer & Explanation

    Correct Answer: Descriptive

    Note: This Question is unanswered, help us to find answer for this one

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

    Answer & Explanation

    Correct Answer: Secondary

    Note: This Question is unanswered, help us to find answer for this one

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