Nursing Elites

1. If a business's operating expenses are $130,000 per month, how much money does the company spend on employee wages and benefits?

• A. $43,333.33
• B. $86,666.67
• C. $52,000.00
• D. $78,000.00

Correct answer: B

Rationale: To calculate the amount spent on employee wages and benefits, we need to find two-thirds (2/3) of the total operating expenses of $130,000. This equals $86,666.67, which is the correct answer. Choice A ($43,333.33) is incorrect as it represents one-third of the total expenses. Choice C ($52,000.00) and Choice D ($78,000.00) are also incorrect as they do not correspond to two-thirds of the total operating expenses.

2. As a company's stocks increase, production, sales, and investments also increase. Which of the following is the independent variable?

• A. Sales
• B. Stocks
• C. Production
• D. Investments

Correct answer: B

Rationale: The independent variable in this scenario is 'Stocks.' An independent variable is the one that is manipulated or controlled by the experimenter. In this case, stocks are the factor that is changing and influencing the other variables - production, sales, and investments. Production, sales, and investments are dependent on the changes in stocks; hence, they are the dependent variables. While production, sales, and investments may increase as a result of changes in stocks, the stocks themselves are the driving force behind these changes, making them the independent variable.

3. How do you find the radius of a circle when given the diameter? How do you find the radius of a circle when given the circumference?

• A. Radius = Diameter ÷ 2; Radius = Circumference ÷ 2π
• B. Radius = Diameter ÷ 3; Radius = Circumference ÷ π
• C. Radius = Diameter × 2; Radius = Circumference × 2π
• D. Radius = Diameter ÷ 4; Radius = Circumference ÷ π

Correct answer: A

Rationale: The correct way to find the radius of a circle when given the diameter is by dividing the diameter by 2 to get the radius (Radius = Diameter ÷ 2). When given the circumference, you need to divide the circumference by 2π to find the radius (Radius = Circumference ÷ 2π). Choice A provides the accurate formulas for finding the radius in both scenarios. Choices B, C, and D present incorrect formulas that do not align with the correct calculations for determining the radius of a circle based on the given information.

4. How can you visually differentiate between a histogram and a bar graph?

• A. A bar graph has gaps between the bars; a histogram does not
• B. A bar graph displays frequency; a histogram does not
• C. A histogram illustrates comparison; a bar graph does not
• D. A bar graph includes labels; a histogram does not

Correct answer: A

Rationale: The key difference between a histogram and a bar graph is that a bar graph has gaps between the bars, while a histogram does not. This feature helps in visually distinguishing between the two. Choice B is incorrect because both types of graphs can show frequency. Choice C is incorrect as both graphs can be used for comparison. Choice D is incorrect as both types of graphs can have labels for better understanding.

5. A consumer makes a $400 down payment on a television that costs $1,570. Which of the following is the number of months it will take to pay off the television with monthly payments of $100?

• A. 12
• B. 16
• C. 15
• D. 11

Correct answer: A

Rationale: After the $400 down payment, the remaining balance is $1,170. With monthly payments of $100, it will take 12 months to pay off the remaining balance. Therefore, the correct answer is 12 months. Choice B (16) is incorrect as it exceeds the required timeframe. Choice C (15) is incorrect as it is close but still one month over the correct timeframe. Choice D (11) is incorrect as it underestimates the time needed to pay off the remaining balance.

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