Practice Quiz

FSOT: 500 Test Prep Study Questions - Question List

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251. If asked to provide the quotient of your division's clocked work hours (Hours) and the number of division employees (Employees), the answer would be calculated by which of the following formulas?
  1. Hours + Employees = Quotient
  2. Hours x Employees = Quotient
  3. Hours / Employees = Quotient
  4. (Hours + Employees) / Employees = Quotient
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252. Your department consists of twelve employees and your total payroll expense for salaries only is $325,000. The organization's average salary is $36,000. What is the relation of your department's average salary to the organization's average?
  1. Your department is about 25% below average
  2. Your department is about 30% below average
  3. Your department is about 25% above average
  4. Your department is about 30% above average
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253. After administering a test on computer applications to prospective employees, you consider all test results and decide to interview candidates whose scores were in the 90th percentile or higher. This would be candidates whose scores:
  1. reflected 90% accuracy or higher
  2. were better than 90% of the candidates tested
  3. demonstrated exceptional proficiency in computer applications
  4. B and C
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254. If simple interest is calculated using the formula A=P(1+nr) where A is total principle and interest, P is principle, n is number of years, and r is rate, what would be the simple interest earned on an investment of $2000.00 at 12.5% for 9 years?
  1. $4,250.00
  2. $2,250.00
  3. $1,250.00
  4. $250.00
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255. ABC Shoe Company reports annual sales of $4,500,000. If they make a net profit of $300,000, what is the rate of profit?
  1. 6.70%
  2. 14%
  3. 15%
  4. 33.30%
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