MMW Activity for Reporting

Question 1

Statistics analyze data, make predictions, and assess risk.

Accepted Answer

True

Question 2

Spreadsheet software did not significantly transform accounting practices before the 1970s.

Accepted Answer

False

Question 3

How do businesses utilize mathematical optimization techniques?

Accepted Answer

All of the above

Question 4

The act of satisfying and retaining customers.

Accepted Answer

Marketing

Question 5

Math isn't significant in the field of business; its applications can be replaced by intuitive decision making processes

Accepted Answer

False

Question 6

When was spreadsheets first introduced?

Accepted Answer

1975

Question 7

Which spreadsheet software was introduced in 1975 and transformed accounting practices?

Accepted Answer

VisiCalc

Question 8

Which cloud-based solution provides easy access to data and collaboration tools for businesses?

Accepted Answer

Google Sheets

Question 9

John Von Neumann said, "Pure mathematics is, in its way, the poetry of logical ideas."

Accepted Answer

False

Question 10

The processing of information about economic entities, such as businesses and corporations.

Accepted Answer

Accounting

Question 11

What is a common application of mathematics in marketing analytics for businesses?

Accepted Answer

Predicting customer behavior

Question 12

What role does mathematics play in financial analysis for businesses?

Accepted Answer

Assessing investment returns and risk

Question 13

Amount of commodity, product, or service and the desire of buyers for it, considered as factors regulating its price.

Accepted Answer

Supply and Demand

Question 14

Accounting is a computer program that can capture, display and manipulate data arranged in rows and columns.

Accepted Answer

False

Question 15

In which of the following ways can mathematical tools be applied to business operations?

Accepted Answer

All of the above

Questions 15