UOP QRB 501 NEW ENTIRE COURSE Flashcards

1
Q

QRB 501 QUANTITATIVE REASONING FOR BUSINESS

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NO QUIZ and NO LAB Work
QRB 501 Week 1 DQ 1   
QRB 501 Week 1 DQ 2
QRB 501 Week 1 DQ 3
QRB 501 Week 1 Exercise 1         
QRB 501 Week 1 Exercise 2
QRB 501 Week 1 Summary          
QRB 501 Week 2 DQ 1   
QRB 501 Week 2 DQ 2
QRB 501 Week 2 DQ 3
QRB 501 Week 2 DQ 4
QRB 501 Week 2 Exercise 1         
QRB 501 Week 2 Exercise 2
QRB 501 Week 2 Exercise 3
QRB 501 Week 2 Exercise 4
QRB 501 Week 2 Exercise 5
QRB 501 Week 2 Learning Team Case Studies     
QRB 501 Week 2 Learning Team Charter               
QRB 501 Week 2 Learning Team Reflection Issues and Successes              
QRB 501 Week 2 Summary          
QRB 501 Week 3 DQ 1   
QRB 501 Week 3 DQ 2
QRB 501 Week 3 Exercise 1         
QRB 501 Week 3 Exercise 2
QRB 501 Week 3 Exercise 3
QRB 501 Week 3 Exercise 4         
QRB 501 Week 3 Learning Team Case Studies     
QRB 501 Week 3 Learning Team Reflection Issues and Successes              
QRB 501 Week 3 Summary          
QRB 501 Week 4 DQ 1   
QRB 501 Week 4 DQ 2
QRB 501 Week 4 DQ 3
QRB 501 Week 4 DQ 4
QRB 501 Week 4 Learning Team Standard Deviation Abstract
QRB 501 Week 4 Summary          
QRB 501 Week 5 DQ 1   
QRB 501 Week 5 DQ 2
QRB 501 Week 5 DQ 3
QRB 501 Week 5 DQ 4
QRB 501 Week 5 Learning Team Case Studies     
QRB 501 Week 5 Summary          
QRB 501 Week 6 Learning Team Capital Budgeting Case Study     

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A

QRB 501 QUANTITATIVE REASONING FOR BUSINESS

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2
Q

QRB 501 Week 1 DQ 1
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In management, how important is it to learn to use mathematics to solve problems? How valuable is an MBA degree without the ability to identify and calculate the cost of a company’s capital, its return on investment, gross margin percentage, break-even point, or what percent of a population would be willing to buy its product.
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QRB 501 Week 1 DQ 1
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3
Q

QRB 501 Week 1 DQ 2
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Order of opeations
When using the formula NI = [U * (P-VCu)] - FC, in which order must you complete the calculation? Why does the order of operations matter?
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QRB 501 Week 1 DQ 2
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4
Q

QRB 501 Week 1 DQ 3
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Dependent - independent variables
What is an independent variable? What is a dependent? What is the relationship between independent and dependent variables? What is the purpose of differentiating these terms?
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QRB 501 Week 1 DQ 3
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5
Q
QRB 501 Week 1 Exercise 2
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Percent increase
Wrigley announced the first increase in 16 years in the price of a five-stick pack of gum. The price was raised by 5 cents to 30 cents. Find the percent of increase.
Round to the nearest percent.
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QRB 501 Week 1 Exercise 2
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6
Q

QRB 501 Week 1 Summary
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Answer the following questions in 250-500 words:
1. What is the single most important concept you learned this week? Why? Describe those content areas from this week’s learning that you would have preferred had more emphasis, and those areas which you had less emphasis. Why?
2. Describe your reaction to this week’s learning material. Have any of your previous concepts or ideas about the topics covered this week been changed, altered, or reinforced? Explain.
3. What idea, concept, principle, or practice from this week’s learning could have a practical application at your place of work or in your personal life? How?
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A

QRB 501 Week 1 Summary
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7
Q
QRB 501 Week 1 Exercise 1
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Percentages
1)  32% of what number is 28?
2)  What percent of 15.2 is 12.7? Round to the nearest hundredth of a percent.
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A

QRB 501 Week 1 Exercise 1
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8
Q

QRB 501 Week 2 DQ 1
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Explain what the trade discount and trade discount rate are? Give examples to explain the terms? How is the net price calculated? What is the trade discount series and why is it used? Does you organization use the trade discount and how?
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A

QRB 501 Week 2 DQ 1
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9
Q

QRB 501 Week 2 DQ 2
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Explain the end-of-month (EOM) and receipt-of-goods (ROG) terms? Give examples to explain the terms? What is the difference between the terms? Does you organization use any of them? If so, explain how are they used?
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A

QRB 501 Week 2 DQ 2
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10
Q

QRB 501 Week 2 DQ 3
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Explain why taking a series of markdowns of 25% and 30% is not the same as taking a single markdown of 55%. Illustrate your answer with a specific example.
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A

QRB 501 Week 2 DQ 3
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11
Q

QRB 501 Week 2 DQ 4
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Under what circumstances would you be likely to base the markup of an item on the selling price? Under what circumstances would you be likely to base the markup for an item on cost?
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A

QRB 501 Week 2 DQ 4
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12
Q

QRB 501 Week 2 Exercise 1
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Markup = 70; cost = 83%
a) Find the cost
b) Find the selling price
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A

QRB 501 Week 2 Exercise 1
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13
Q

QRB 501 Week 2 Exercise 2
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QRB 501 Week 2 Exercise 2
Selling price
Battery-powered massagers cost $8.50 if they are purchased in lots of 36 or more. The Gift Horse Shoppe purchased 48 and sells them at a 45% markup based on cost. Find the selling price of each massager.
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A

QRB 501 Week 2 Exercise 2
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14
Q

QRB 501 Week 2 Exercise 3
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Trade discounts
Calculate the trade discount for 30 cases of antifreeze coolant if each case contains 6 one-gallon units that cost $2.18 per gallon and a single trade discount rate of 18% is allowed. Show all your calculations.
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A

QRB 501 Week 2 Exercise 3
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15
Q

QRB 501 Week 2 Exercise 5
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Federated Department Stores received an invoice dated April 18 that shows a billing for $3,848.96 with terms 2/10, 1/15, n/30. Find the cash discount and net amount if the invoice is paid within 15 days but after 10 days. Show all your calculations.
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A

QRB 501 Week 2 Exercise 5
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16
Q

QRB 501 Week 2 Learning Team Case Studies
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Complete the following case studies from Ch. 5 & 6 of Business Math:
Case Study 5-2, pp. 184-185
Case Study 6-2, pp. 216-217
Use the provided Microsoft Excel template for your answers.
Note. Show all work and calculations. (The use of Microsoft Excel software is required.)

Use the provided template for your assignment.
Click the Assignment Files tab to submit your assignment.
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A

QRB 501 Week 2 Learning Team Case Studies
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17
Q
QRB 501 Week 2 Learning Team Charter
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A
QRB 501 Week 2 Learning Team Charter
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18
Q

QRB 501 Week 2 Learning Team Reflection Issues and Successes
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A

QRB 501 Week 2 Learning Team Reflection Issues and Successes
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19
Q

QRB 501 Week 2 Summary
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What is the single most important concept you learned this week? Why? Describe those content areas from this week’s learning that you would have preferred had more emphasis, and those areas which you had less emphasis. Why?
Describe your reaction to this week’s learning material. Have any of your previous concepts or ideas about the topics covered this week been changed, altered, or reinforced? Explain.
What idea, concept, principle, or practice from this week’s learning could have a practical application at your place of work or in your personal life? How?
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A

QRB 501 Week 2 Summary
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