Necessity Of Math In Business Essay

882 words - 4 pages

Business mathematics is mathematics used commonly in companies and businesses worldwide in order to set up and manage how their operations work. Mathematics can be used in accounting, managing inventory, marketing, sales, and financial gain. Typically in business one may use elementary arithmetic, elementary algebra, statistics and probability.

In education, “Business Mathematics” undergraduates whom are business students take some mathematics classes. They are usually not as hard and might not go in detail as with other classes for example when the major is science. One usually studies Business Calculus and Business Statistics. Typically, the examples given in these classes are related to the real world of business.

There are many components involved in starting and running a business. Whether the business is big or small. This is regardless of local business or over internet business. One should have some knowledge in different areas such as business math or hire the right people with the experience and the know.

Knowing mathematics will only enhance your work, in a person’s reasoning, problem - solving skills, and in the capability of thought. Tools in math such as the use of accounting can help with the expenses coming in and out of business. Market trends can be mapped by using the theory of chaos formula. Statistics and probability which are offshoots of mathematics are used in business every day. Many accounting companies prefer graduates with a degree in math as well as in accounting. Examples of math like probability theory and management science, such as time series analysis, are all very vital maths in the business world.

How can one apply math personally to business?

Ownership or the running of any business requires more than talent or skill. The finances is key to a company's growth and success. From the setup of the receptionist desk to the payroll math is applied. Knowing numbers and percentages and fractions is the least amount of knowledge needed. Using angles and measurements one can set up the space with accurate precision (Illustration 1).


The business has changed drastically in the last ten years. Whereas ten years a receptionist was not necessary for knowing the numbers, a lot of offices of today not only expect but demand that they do more office management and less receptioning.

Companies are asking for experience with accounting, spreadsheets, as well as too running the office. I have seen this personally as I have been running offices for over ten years now. I am not only expected to do the payroll but, also to ...

Find Another Essay On Necessity of Math in Business

The Necessity of Autonomy (Free Will) in Society

792 words - 3 pages The Necessity of Autonomy (Free Will) in Society      “Human nature is not a machine to be built after a model, and set to do exactly the work prescribed for it, but a tree, which requires to grow and develop itself on all sides, according to the tendency of the inward forces which make it a living thing.” John Stuart Mill explicitly describes the necessity of autonomy or free will in society to insure the happiness of all. From this

The Necessity of Solving Society's Problems, In Two Works

824 words - 3 pages Whether logical or illogical, solutions exist to all of society's problems. In "A Modest Proposal" by Jonathan Swift, devouring children solves society's economical downfall. "On Dumpster Diving" by Lars Eighner contrasts the satisfactory as a scavenger apart from the never sated middle class. In "A Modest Proposal" and "On Dumpster Diving," Swift and Eighner utilize irony by presenting disturbing actions to emphasize the necessity of solving

The Necessity of College Degrees in Today's Job Market

894 words - 4 pages middle class. College has actually become a spring board to get almost any job today, and will become a necessity for almost any job seeker in the future. The new century has brought with it a surge of new jobs and with it the need to fill these jobs with college educated individuals possessing degrees in specified fields such as IT, engineering and the medical field. Looking in the local weekend classified ads will prove this point. Unless you

Necessity of the Change in English Spelling Rules

1723 words - 7 pages English as a mother tongue, are suffering for spelling. Because of this circumstance, the debate whether or not English spelling rules should be standardized and reformed has been popular recently. In “Use Your Own Words,” published by Wired Magazine in February 2012 and written by Anne Trubek who is a writer, editor and associate professor of Rhetoric and Composition & English at Oberlin College, Trubek argues that English spelling rules

Insanity and the Necessity of Madness in King Lear

1841 words - 7 pages The Necessity of Madness in King Lear At the beginning of “King Lear,” an authoritative and willful protagonist dominates his court, making a fateful decision by rewarding his two treacherous daughters and banishing his faithful one in an effort to preserve his own pride. However, it becomes evident during the course of the tragedy that this protagonist, Lear, uses his power only as a means of projecting a persona, which he hides behind as

Belonging Uncertainty of Women in Quantitative Fields Such as Math

1968 words - 8 pages Belonging Uncertainty of Women in Quantitative Fields Such as Math Baljeet Johal John Jay College of Criminal Justice Belonging Uncertainty of Women in Quantitative Majors Such as Math Belonging uncertainty occurs to people of all genders, races, ethnicities, and social status’. It is the feeling that one does not belong in an area or field. We concentrated on womens’ belonging uncertainty in a quantitative major, math. All over the

The Issue of Bad Math in Court Discussion

1148 words - 5 pages Bad math in court is something that happens over and over again and because of it, many innocent victims have been jailed and punished unjustly over the years. The problem is not some sort of miscalculation, but the refusal of the court to recalculate. More than often enough, the judge refuses to reexamine the collected DNA in an investigation case. What the people of the court fail to realize at times is that probability is not a one off thing

The Necessity of Race Legislation in Britain in the Years 1962 - 1990

1566 words - 6 pages The Necessity of Race Legislation in Britain in the Years 1962 - 1990 Britain is a nation of immigrants, which had arrived as early as prehistoric times. However the most recent influx of immigrants arrived after the Second World War. These newcomers came mainly from the Commonwealth with the majority of them coming from the West Indies and the Indian sub continent. At this time, before the Race Legislation was

The Necessity of Evil and the Applications of Good in Response

1095 words - 5 pages The Necessity of Evil and the Applications of Good in Response By Trystan Heck Throughout the history of the human race, many people have risen up above the rest to acquire a place in history; either from actions that bring cheers to the mouths of men or whispers of dread and fear instead. Those who deal with the side allying itself with the underworld of society strike, steal, and injure people when it suits them; only stopping when the forces

"Necessity is the mother of invention". Evaluate this statement in relation to scientific and technological experimentation

4670 words - 19 pages objectivity of the author, and the period spent on collecting of the data. Then third step, the limitation of the information will be analysis on the certain aspects of the topic areas of the scientific and technological experimentation. Therefore, the research will focus only the necessity and invention in the areas of scientific and technological experimentation. Most of the sources that use in the research were some kinds of business and social

The Necessity of Marrying Well in Jane Austen's Sense and Sensibility

528 words - 2 pages In Jane Austen’s Sense and Sensibility, the necessity of marrying well is one of the central themes. In Austen’s era a woman’s survival depended on her potential to acquire an affluent partner. This meant a choice of marrying for love and quite possibly starve, or marry a securing wealthy person, there was a risk of marrying someone who you might despise. Passage One, portrays the relationship between Marianne and Willoughby. Marianne was

Similar Essays

Necessity Of Teamwork In Universities Essay

1697 words - 7 pages leadership are more likely to manage their lives with autonomy and independence (Stone, 2013). In short, university students are able to advance their leadership through teamwork, whether as a leader or as the follower, which speaks for the necessity of teamwork. Last but not least, teamwork plays a significant role in raising responsibilities for university students. When it comes to a division of tasks in teamwork, roles are clear but not overly

The Importance Of Arithmetic In Math

764 words - 3 pages Arithmetic is the ABC of math. Addition, subtraction, multiplication, and division are the basics of math and every math operation known to humankind. In one way or another, every equation, graph, and an enormous amount of other things can be broken down into the ABC's of math, the four basic operations. As people say, math is a language, and addition subtraction, multiplication, and division are its alphabet, along with the number line as well

The Necessity Of Bilingual Education In Our Society

1744 words - 7 pages The Necessity Of Bilingual Education In Our Society Bilingual Education has been a controversial subject within the educational system since its inception in 1974. It is of great importance to define the term "Bilingual" which is " The ability to speak and understand two languages". Included in this definition is the implied ability to transfer knowledge , skills and concepts from the first language to the second language148. It is

Necessity Of Love In Browning´S Sonnets From The Portuguese

1174 words - 5 pages Love is the ubiquitous force that drives all people in life. If people did not want, give, or receive love, they would never experience life because it is the force that completes a person. Although it often seems absent, people constantly strive for this ever-present force as a means of acceptance. Elizabeth Barrett Browning is an influential poet who describes the necessity of love in her book of poems Sonnets from the Portuguese. In her