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Your assignment is to prepare and submit a paper on applying mathematical concepts to business administration.

Your assignment is to prepare and submit a paper on applying mathematical concepts to business administration.

Your assignment is to prepare and submit a paper on applying mathematical concepts to business administration. Despite this, many students still fail to realize just how important mathematics can be in their chosen profession. Other students mistakenly believe that the extent to which mathematics will play a role in their profession will be a minor role. In truth, mathematics is used daily in a variety of professional fields including business administration, and can often play a role in problem resolution. Some business related problems that can be solved with mathematics are payroll discrepancies and funding needs. Business Administration entails a multitude of tasks and responsibilities. Many of these components can become problematic if proper mathematics is not applied. For example, a business owner or manager may, at times, be held responsible for pay roll, accounts payables, accounts receivables, determining advertising or marketing needs, and writing various proposals. Although business owners can and often do hire help to perform these many functions, understanding the concepts will ensure that the business owner can accurately monitor the progress and effectiveness of his or her employees or contracted associates.

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