This Business Math Test
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About the test

The Business Math test assesses the use of mathematics to record and manage business operations through a series of numerical calculation and multiple-choice questions.

The assessment includes solving work-sample tasks, such as:

  • Creating new budgets, tracking expenses, and comparing budgets against actual figures.
  • Evaluating the impact of different types of interest rates for both borrowing and investing.
  • Calculating procurement costs and determining sales prices.

Good operations managers, department managers, and executives all need a solid understanding of business math to make responsible monetary decisions and successfully manage business operations.

Sample public questions

Easy
2 min
num
Public
Business Math
Savings and Investments
Simple Interest

You have $50,000 for a down payment on the purchase of a new office building, but your accountant recommends you put this money into a term deposit until you are ready to purchase next year. Your bank is offering 12-month fixed term deposits with an annual interest rate of 3.0%, paid at maturity.

How much will you have for your down payment if you cash in your term deposit at maturity?

Easy
3 min
mca
Public
Business Math
Arithmetic
Budgeting
Expense Reports

As a manager, it is your responsibility to review the quarterly expense reports submitted by members of your team. Each member of the team is allowed to expense $20,000 annually for work-related travel expenses.

It is now the halfway point in the year, and you need to review the travel expenses claimed so far:

Employee First-Half
Trips
(Actual)
First-Half
Expenses
(Actual)
Second-Half
Trips
(Planned)
Angel 5 $11,100 4
Breanna 3 $13,500 2
Cillian 4 $11,600 2
Davor 6 $12,000 3
Erik 4 $11,000 5

If each employee's costs continue at their current rate, which employees, if any, will go over budget with their travel expenses in the second half of the year?

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9 more premium Business Math questions

Trendy Sofa, Hiring Florian, Whizbang Blender, Faded Receipt, Conservative Approach, Concertgoers, Quarterly Results, Quarterly Sales, Savings Account.

Skills and topics tested

  • Business Math
  • Compound Interest
  • Loans and Credit
  • Income Tax
  • Payroll
  • Progressive Rates
  • Markups
  • Percentages
  • Pricing
  • Linear Equations
  • Purchasing and Inventory
  • Budgeting
  • Projections
  • Ratios
  • Algebra
  • Revenue and Costs
  • Variable Costs
  • Arithmetic
  • Variance
  • Savings and Investments
  • Simple Interest

For job roles

  • Cost Accountant
  • Director
  • Executive
  • Manager
  • Operations Manager

Sample candidate report

What others say

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Simple, straight-forward technical testing

TestDome is simple, provides a reasonable (though not extensive) battery of tests to choose from, and doesn't take the candidate an inordinate amount of time. It also simulates working pressure with the time limits.

Jan Opperman, Grindrod Bank

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