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University · Business & economics

University Business & economics practice

15 questions on systems accounting, microeconomics, planning, enterprise & economic reasoning. The answer key is a separate download.

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What is on the worksheet

  1. Which term best matches this description: A resource controlled by an entity from which future benefit is expected.

    1. Equity
    2. Asset
    3. Accounting equation
    4. Liability

  2. Demand is Q=79−6P. At P=11, calculate signed point price elasticity (dQ/dP)(P/Q). Round the final result to 4 decimal places if needed.

  3. Demand is Q=15−2P. At P=7, calculate signed point price elasticity (dQ/dP)(P/Q). Round the final result to 4 decimal places if needed.

  4. Demand is Q=143−10P. At P=10, calculate signed point price elasticity (dQ/dP)(P/Q). Round the final result to 4 decimal places if needed.

  5. Which statement about Task is most accurate?

    1. A unit of work with a defined outcome.
    2. A relationship where one task relies on another condition or task.
    3. The sequence of dependent activities determining the shortest possible project duration under the model.
    4. A significant checkpoint or event rather than a duration of work.

  6. Which term best matches this description: A dated record of accounts and debit/credit amounts for a transaction.

    1. Debit
    2. Credit
    3. Journal entry
    4. Trial balance

  7. Demand is Q=84−1P. At P=11, calculate signed point price elasticity (dQ/dP)(P/Q). Round the final result to 4 decimal places if needed.

  8. Explain one important difference between Task and Dependency.

  9. Which statement about Audience is most accurate?

    1. How an offer is framed relative to alternatives in the audience’s mind.
    2. A subgroup defined by relevant shared characteristics or behaviours.
    3. A concise statement of the benefit offered to a defined audience.
    4. The group a message or offer is designed to reach.

  10. Demand is Q=35−3P. At P=1, calculate signed point price elasticity (dQ/dP)(P/Q). Round the final result to 4 decimal places if needed.

  11. Give a short example showing how Working capital would be used in practice.

  12. Demand is Q=48−3P. At P=10, calculate signed point price elasticity (dQ/dP)(P/Q). Round the final result to 4 decimal places if needed.

  13. Summarize why Segment matters in the lesson “Audience and positioning”.

  14. Demand is Q=34−6P. At P=2, calculate signed point price elasticity (dQ/dP)(P/Q). Round the final result to 4 decimal places if needed.

  15. Which term best matches this description: An uncertain event or condition that could affect objectives.

    1. Mitigation
    2. Change control
    3. Issue
    4. Risk