# MAT 543 WEEK 4 EXAM

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According to a core managerial competency viewpoint, how is analyzing defined?

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5 out of 5 points

Why is a surgical procedure classified as a conversion process?

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0 out of 5 points

Accomplishing a defined task, such as creating a drug to cure a specific infection, is an example of what concept?

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5 out of 5 points

Which is an example of how people in management can best operate according to science?

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5 out of 5 points

Capacity for a specific period of time – such as an hour, shift, day, week, month, or year – represents which concept?

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5 out of 5 points

How is efficiency measured?

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5 out of 5 points

Calculate the mean of the following data set: [34, 45, 55, 43, 21, 55, 19, 60, 62]. What is the answer rounded to the nearest whole number?

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5 out of 5 points

A Chi-square test is used to relate differences between which of the following?

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5 out of 5 points

A p-value is the specific level of probability that indicates whether or not a person should do what?

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5 out of 5 points

What is the correct test to examine one continuously measure variable across two categorical groups?

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5 out of 5 points

What is the correct test to use to examine the relationship between two continuous but different variables?

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5 out of 5 points

What is a pie chart used for?

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5 out of 5 points

What are two primary methods an analyst uses to gather the needed information to construct a general system flow-chart?

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5 out of 5 points

Which general systems flow chart symbol represents start or stop?

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5 out of 5 points

How might a health care manager introduce simplicity to a general systems flow chart?

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5 out of 5 points

What is one reason for which a manager would create a general systems flow chart?

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5 out of 5 points

Which type of answer to a decision is an indicator that a general systems flow chart has been created incorrectly?

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5 out of 5 points

Which general systems flow chart symbol represents a decision?

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5 out of 5 points

How many years would it take you to triple your investment if your money compounds monthly at an annual rate of 5%?

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0 out of 5 points

How much up-front money must you provide to a program that will in turn guarantee to pay you $750 every six months for 12 years, with the first payment scheduled for 6 months from now? Assume investments such as this earn returns of 3.5%.

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5 out of 5 points

What effective annual rate (EAR) is equivalent to a nominal rate of 14% assuming monthly compounding?

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5 out of 5 points

Issues related to the time value of money become more critical as the period of time in question does what?

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0 out of 5 points

You wish to start a savings plan for your newborn child’s college education. To do so, you plan to invest $4,000 each year into an account that grows at 4.5% annually. What will be the value of your account in 18 years?

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0 out of 5 points

Your investment has grown from an initial deposit of $400 to $1,500. The investment pays 9.5% interest annually. Approximately how many years have you had your money invested?

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5 out of 5 points

An initial deposit of $2,570 is made into a money market bank account that promises to pay 2% interest annually. At the end of 12 months, how much interest on the initial deposit is earned?

**Question 1**5 out of 5 pointsAccording to a core managerial competency viewpoint, how is analyzing defined?

·

**Question 2**5 out of 5 points

Why is a surgical procedure classified as a conversion process?

·

**Question 3**0 out of 5 points

Accomplishing a defined task, such as creating a drug to cure a specific infection, is an example of what concept?

·

**Question 4**5 out of 5 points

Which is an example of how people in management can best operate according to science?

·

**Question 5**5 out of 5 points

Capacity for a specific period of time – such as an hour, shift, day, week, month, or year – represents which concept?

·

**Question 6**5 out of 5 points

How is efficiency measured?

·

**Question 7**5 out of 5 points

Calculate the mean of the following data set: [34, 45, 55, 43, 21, 55, 19, 60, 62]. What is the answer rounded to the nearest whole number?

·

**Question 8**5 out of 5 points

A Chi-square test is used to relate differences between which of the following?

·

**Question 9**5 out of 5 points

A p-value is the specific level of probability that indicates whether or not a person should do what?

·

**Question 10**5 out of 5 points

What is the correct test to examine one continuously measure variable across two categorical groups?

·

**Question 11**5 out of 5 points

What is the correct test to use to examine the relationship between two continuous but different variables?

·

**Question 12**5 out of 5 points

What is a pie chart used for?

·

**Question 13**5 out of 5 points

What are two primary methods an analyst uses to gather the needed information to construct a general system flow-chart?

·

**Question 14**5 out of 5 points

Which general systems flow chart symbol represents start or stop?

·

**Question 15**5 out of 5 points

How might a health care manager introduce simplicity to a general systems flow chart?

·

**Question 16**5 out of 5 points

What is one reason for which a manager would create a general systems flow chart?

·

**Question 17**5 out of 5 points

Which type of answer to a decision is an indicator that a general systems flow chart has been created incorrectly?

·

**Question 18**5 out of 5 points

Which general systems flow chart symbol represents a decision?

·

**Question 19**5 out of 5 points

How many years would it take you to triple your investment if your money compounds monthly at an annual rate of 5%?

·

**Question 20**0 out of 5 points

How much up-front money must you provide to a program that will in turn guarantee to pay you $750 every six months for 12 years, with the first payment scheduled for 6 months from now? Assume investments such as this earn returns of 3.5%.

·

**Question 21**5 out of 5 points

What effective annual rate (EAR) is equivalent to a nominal rate of 14% assuming monthly compounding?

·

**Question 22**5 out of 5 points

Issues related to the time value of money become more critical as the period of time in question does what?

·

**Question 23**0 out of 5 points

You wish to start a savings plan for your newborn child’s college education. To do so, you plan to invest $4,000 each year into an account that grows at 4.5% annually. What will be the value of your account in 18 years?

·

**Question 24**0 out of 5 points

Your investment has grown from an initial deposit of $400 to $1,500. The investment pays 9.5% interest annually. Approximately how many years have you had your money invested?

·

**Question 25**5 out of 5 points

An initial deposit of $2,570 is made into a money market bank account that promises to pay 2% interest annually. At the end of 12 months, how much interest on the initial deposit is earned?

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