Participation Questions Essay Example | Topics and Well Written Essays - 750 words - 1

Participation Questions - Essay Example This knowledge can be applied to keep track of current business affairs and to forecast future business activity. Problems arise in everyday life, thus it is not rare that businesses also face problems. The professionals in charge of being the problem solvers in the business world are the managerial staff. Managers have to have good quantitative reasoning in order to be able to take advantage of mathematical techniques to find solutions to different types of business problems. Managers can utilize statistical models to apply monitor quality control. A manager that does not understand the utility of math is an incompetent worker. An analytical technique that is very useful for managers is breakeven analysis. The breakeven analysis helps determine the amount of sales needed in order to achieve zero profits. The sequence used in the trivia includes several variables that are recurrent events. These variables included time, year, and date. As far as the trivia the sequence seems to be a precise event that already occurred, thus I do not believe that the event is going to repeat itself. You are completely right math is something that must be taken seriously by managers due to the large amount of applications in management that are derived from math. As employees we must have basic comprehension of math since it affects our payroll every week. There are numerous deductions that are subtracted from the gross amount in our paychecks. For example every person working in the United States has to pay a 7.65% tax to the social security system. This amount must be matched by the employer. The amount of state and federal tax people pay is varies depending on the amount of income the person generates. People in higher income brackets pay more taxes. I don’t know much about medicine, but when the doctor has order different types of lab tests the results usually have different numbers that have significance. Medical plans use math formulas