The Advanced Numeracy Test Workbook - Mike Bryon [15]
A Factoring
B Cashflowing
C Turnover loan
D Credit line
Answer
Q84. Stealing from the petty cash box is:
A A non-business expense deduction
B Embezzlement
C Obsolescence
D An extraordinary item
Answer
Q85. A business owned by its employees and/or customers is a:
A Trust
B Not-for-profit organization
C Cooperative
D Closed corporation
Answer
Q86. A product distinguished from others in a market by its name or label is:
A An image
B A market leader
C A brand
D A logo
Answer
Q87. A critical path is:
A A record of all the types of comment received by a customer service department
B The sequential actions required to reach a decision
C The key stages in a complaints process
D The most effective route through a decision tree
Answer
Q88. Goods sold in plain packaging without promotional logo are called:
A Supermarket own brands
B Value lines
C Generic products
D Essential products
Answer
Q89. Golden parachutes are:
A Inducements to discourage staff from leaving
B Money paid to attract staff to a company
C Sums paid when a company realizes a higher share price
D Payments made when staff leave through no fault of their own
Answer
Q90. When continuing to apply resources to an unprofitable or low-profit venture you incur:
A A high opportunity cost
B Poor positioning
C Low self-esteem
D Shareholder objections
Answer
Q91. A patented medicine is an example of:
A An undifferentiated product
B A niche product
C A proprietary product
D A trade mark
Answer
Q92. Which of the following is an example of a brown good?
A A television
B A washing machine
C A sofa
D A mobile phone
Answer
Q93. Bundling is a strategy in:
A Accountancy
B Information technology
C Selling
D Procurement
Answer
Q94. When a company buys up its supplier, this is an example of:
A Critical path management
B Competitiveness
C Hostile takeover
D Vertical integration
Answer
Q95. The push strategy in marketing places greatest weight on:
A Advertising
B Trade representatives
C Branding
D Discount coupons
Answer
End of test
Tests 4 and 5
Geometry and further quantitative operations
These tests comprise 50 questions each. Answers and explanations are found on pages 209–20. An interpretation of your score in each test is provided on pages 245–47.
You will almost certainly have to revise your numeracy skills with some of these questions! Having said this, the questions are structured so as to lead you through the stages of complexity and are all relevant to the demands of psychometric tests of numeracy.
These tests provide a realistic experience of the challenge real advanced numeracy tests represent especially in terms of the sheer hard work and concentration that is required. To do well, you will have to try hard and work quickly.
Some of the questions require the use of a scientific calculator. If, in the exam you face, a calculator is not allowed, then all the raw data will be provided in the question. However, the methodology will remain the same. Practise until you are able to recognize when it is faster to calculate in your head than on a calculator and take care not to become calculator dependent.
The first test comprises 50 questions of geometry. It should be particularly useful for candidates of GMAT, the test used by business schools to select students for MBA courses, and affords practice in the geometric operations from the fundamental (and straightforward) characteristics of squares to calculations of, for example, the length and angle of planes and arcs.
The second test comprises another 50 questions relevant to general quantitative tests and tests of data interpretation and business judgement. It builds on some of the concepts covered in the diagnostic Test 1, for example prime numbers, factors, percentages and ratios. It then moves through subjects like probability, and on to advanced concepts such as the calculation of standard deviation.
Test 4: A test of geometry
Test instructions
This test consists of 50 questions.
You are allowed