Questions and Answers
Which mathematics are typically used in commerce?
Elementary arithmetic, elementary algebra, statistics and probability
In which schools are business mathematics typically offered in the United States?
High schools and schools that grant associate's degrees
What is the emphasis in business mathematics courses?
Computational skills and their practical application
Which advanced mathematics may be applied to some management problems in commerce?
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What are business mathematics sometimes called?
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Quantitative research is primarily associated with which of the following?
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In which of the following situations may quantitative research not be the most appropriate method to use?
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Which research strategy reflects a broad utilization across differing academic disciplines?
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What is the primary focus of quantitative research?
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Which philosophical approach shapes quantitative research?
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Study Notes
Mathematics in Commerce
- Business mathematics typically involves the use of arithmetic, algebra, geometry, and calculus.
- In the United States, business mathematics courses are often offered in community colleges and vocational schools.
Emphasis of Business Mathematics
- The emphasis of business mathematics courses is on practical applications and problem-solving skills in a business context.
Advanced Mathematics in Commerce
- Advanced mathematics, such as linear programming, queuing theory, and econometrics, may be applied to solve complex management problems in commerce.
Alternative Names for Business Mathematics
- Business mathematics is sometimes referred to as commercial mathematics or business math.
Quantitative Research
- Quantitative research is primarily associated with the natural sciences and social sciences.
- In situations where the research question is unclear or complex, and the phenomenon being studied is not easily measurable, quantitative research may not be the most appropriate method to use.
Research Strategy
- The quantitative research strategy reflects a broad utilization across differing academic disciplines.
Focus of Quantitative Research
- The primary focus of quantitative research is on the analysis of numerical data to identify patterns and trends.
Philosophical Approach to Quantitative Research
- The philosophical approach that shapes quantitative research is positivism.
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