Gr 11 Math Lit: Term Test 1
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Questions and Answers

What is a characteristic of a constant ratio relationship?

  • A graph that remains constant over time
  • A graph that decreases at a decreasing rate
  • A graph that is a straight line
  • A graph that becomes steeper at an increasing rate (correct)

    • What is the purpose of a flat portion in a graph?

  • To represent a fixed fee that does not change with usage (correct)
  • To represent a discount for bulk usage
  • To represent additional charges that increase linearly with usage
  • To represent a penalty for low usage

    • What is an example of a combination of relationships in a graph?

  • A constant ratio relationship with a fixed fee
  • A flat portion representing a fixed fee and an increasing portion representing additional charges (correct)
  • A step-function relationship with a decreasing rate
  • A linear increase in cost with usage

    • What is the result of a constant ratio relationship over time?

    <p>The value increases at an increasing rate</p> Signup and view all the answers

    What is a characteristic of a step-function relationship?

    <p>A graph that looks like a series of steps</p> Signup and view all the answers

    What is the purpose of an increasing portion in a graph?

    <p>To represent additional charges that increase linearly with usage</p> Signup and view all the answers

    What is the result of a combination of relationships in a graph?

    <p>A graph that is made up of different types of relationships</p> Signup and view all the answers

    What is an example of a situation where a step-function relationship might occur?

    <p>The cost of making calls on a particular cell phone contract</p> Signup and view all the answers

    What is the point where two graphs intersect called?

    <p>Point of intersection</p> Signup and view all the answers

    What are the two values that make up the point of intersection?

    <p>One value from the horizontal axis and one from the vertical axis</p> Signup and view all the answers

    What is the purpose of estimating the point of intersection?

    <p>To compare the cost of electricity on different systems</p> Signup and view all the answers

    What is the trial and improvement method used for?

    <p>To find the point of intersection using equations</p> Signup and view all the answers

    What is the importance of understanding intersection points?

    <p>To compare different systems or scenarios</p> Signup and view all the answers

    What is the conversion factor to convert weight from kilograms to pounds?

    <p>2.206</p> Signup and view all the answers

    What is the formula to convert temperature from Celsius to Fahrenheit?

    <p>F = (1.8 * C) + 32</p> Signup and view all the answers

    What is the purpose of conversion factors in measurements?

    <p>To switch between different units of measurement</p> Signup and view all the answers

    What is the process of converting between solid and liquid quantities used for?

    <p>To bake and construct</p> Signup and view all the answers

    What is the purpose of the trial and improvement method in the context of converting between solid and liquid quantities?

    <p>Not applicable in this context</p> Signup and view all the answers

    What is a characteristic of a constant ratio relationship?

    <p>The graph becomes steeper at an increasing rate.</p> Signup and view all the answers

    What type of relationship is represented by a graph with a flat portion and an increasing portion?

    <p>Combination of relationships</p> Signup and view all the answers

    What is the purpose of drawing graphs in unfamiliar situations?

    <p>To make sense of the situation and reveal patterns and trends.</p> Signup and view all the answers

    What is a characteristic of a step-function relationship?

    <p>The graph looks like a series of steps.</p> Signup and view all the answers

    What is an example of a combination of relationships?

    <p>Cost of making calls on a particular cell phone contract.</p> Signup and view all the answers

    What is important to be able to do with graphs?

    <p>To draw and interpret graphs for any situation.</p> Signup and view all the answers

    What does a flat portion of a graph represent?

    <p>A fixed fee that does not change with usage.</p> Signup and view all the answers

    What is a skill that learners need to develop?

    <p>To recognize and understand the implications of constant ratio relationships.</p> Signup and view all the answers

    What is an example of a step-function relationship?

    <p>Parking fees at a supermarket.</p> Signup and view all the answers

    What happens when moving from one interval to another in a step-function relationship?

    <p>A completely different fee that is not related to the previous fee is charged.</p> Signup and view all the answers

    What is the conversion factor to convert from cubic meters to liters?

    <p>1000</p> Signup and view all the answers

    What is the formula to calculate the total liters of paint needed?

    <p>Paint Needed (liters) = Surface Area (m²) / Spread Rate (m²/liter)</p> Signup and view all the answers

    What is the first step in calculating the total liters of paint needed?

    <p>Identify the surface area to be painted.</p> Signup and view all the answers

    What is the conversion factor to convert from minutes to seconds?

    <p>60</p> Signup and view all the answers

    What is the formula to convert time values to seconds?

    <p>Total Seconds = (Hours * 3600) + (Minutes * 60) + Seconds</p> Signup and view all the answers

    What is the first step in calculating the difference between two time values?

    <p>Note the start and end times.</p> Signup and view all the answers

    What is the purpose of a timetable?

    <p>To identify the week, date, and time of an event.</p> Signup and view all the answers

    What is the final step in using a timetable?

    <p>Find out where the event is taking place.</p> Signup and view all the answers

    What is the purpose of breaking down time values into hours, minutes, and seconds?

    <p>To make calculations involving time recording values easier.</p> Signup and view all the answers

    What should you do to ensure accuracy when performing conversions?

    <p>All of the above.</p> Signup and view all the answers

    What is the formula to calculate the total expenditure of a business?

    <p>Total Expenditure = Σ All Expense Items</p> Signup and view all the answers

    What is the purpose of calculating the difference between the predicted and actual values?

    <p>To compare the predicted and actual values</p> Signup and view all the answers

    What is the formula to calculate the net income of a business?

    <p>Net Income = Total Income - Total Expenditure</p> Signup and view all the answers

    What does the percentage change represent?

    <p>The change in expenditure over time</p> Signup and view all the answers

    What is the formula to calculate the percentage change?

    <p>Percentage Change = (Actual Value - Previous Value) / Previous Value</p> Signup and view all the answers

    What is the purpose of calculating the net income?

    <p>To evaluate the financial performance of a business</p> Signup and view all the answers

    What is the primary purpose of converting units when measuring surface area and volume?

    <p>To express the values in a more meaningful unit</p> Signup and view all the answers

    What is the formula for the surface area of a rectangular box?

    <p>SA = 2lw + 2lh + 2wh</p> Signup and view all the answers

    What is the unit of measurement for surface area?

    <p>Square units</p> Signup and view all the answers

    What is the formula for the volume of a cylindrical container?

    <p>V = πr^2h</p> Signup and view all the answers

    What is the conversion between cubic meters and liters?

    <p>1 cubic meter = 1000 liters</p> Signup and view all the answers

    What is the purpose of estimating in measurement?

    <p>To get a rough idea of the value</p> Signup and view all the answers

    What is the formula for the volume of a rectangular box?

    <p>V = lwh</p> Signup and view all the answers

    What is the basic salary on a payslip?

    <p>The employee's salary excluding any additional income or deductions</p> Signup and view all the answers

    What is the conversion between cubic centimeters and milliliters?

    <p>1 cubic centimeter = 1 milliliter</p> Signup and view all the answers

    Why is it important to consider the units when performing calculations?

    <p>To ensure that the values are in the same units</p> Signup and view all the answers

    What is the total of all the income sources of an employee?

    <p>Gross Salary</p> Signup and view all the answers

    What is the purpose of a quotation in financial documents?

    <p>To provide a guideline of all the costs that a customer will have to pay</p> Signup and view all the answers

    What is the formula for calculating Gross Salary?

    <p>Gross Salary = Basic Salary + Additional Incomes</p> Signup and view all the answers

    What is the difference between Gross Salary and Net Pay?

    <p>Total Deductions</p> Signup and view all the answers

    What is the purpose of a receipt in financial documents?

    <p>To provide proof that a customer has paid for an item/service</p> Signup and view all the answers

    What is the formula for calculating Total Deductions?

    <p>Total Deductions = Sum of All Deduction Values</p> Signup and view all the answers

    What is the term for income received from sources other than employment?

    <p>Unearned Income</p> Signup and view all the answers

    What is the purpose of budgeting in financial planning?

    <p>To create a plan for how to allocate income to cover expenses, savings, and investments</p> Signup and view all the answers

    What is the term for payments made by the government to individuals?

    <p>Government Transfers</p> Signup and view all the answers

    What is the difference between Gross Income and Net Income?

    <p>All of the above</p> Signup and view all the answers

    What is the primary goal of financial planning and goal setting?

    <p>To achieve short-term and long-term financial objectives</p> Signup and view all the answers

    What is the purpose of calculating gross income?

    <p>To identify all sources of income</p> Signup and view all the answers

    What is the main difference between a budget and a statement of income-and-expenditure?

    <p>A budget predicts future income and expenditure, while a statement of income-and-expenditure shows actual income and expenditure</p> Signup and view all the answers

    What is the purpose of identifying deductions when calculating net income?

    <p>To subtract mandatory and voluntary deductions from gross income</p> Signup and view all the answers

    What is the benefit of having multiple sources of income?

    <p>It ensures financial stability and reduces risk</p> Signup and view all the answers

    What is the purpose of creating a budget?

    <p>To outline how net income will be spent</p> Signup and view all the answers

    What is the purpose of understanding income tax in personal finance?

    <p>To recognize the role of income tax in personal finance and how it is calculated</p> Signup and view all the answers

    What is the benefit of regular budget monitoring and adjustment?

    <p>It helps to ensure that the budget is being followed and adjustments can be made as needed</p> Signup and view all the answers

    What is the purpose of statements of income-and-expenditure?

    <p>To show the current financial situation of an event, business, or organization</p> Signup and view all the answers

    What is the benefit of setting short-term and long-term financial goals?

    <p>It helps to create a plan to achieve financial objectives</p> Signup and view all the answers

    What is the purpose of converting between different units of measurement?

    <p>To compare values in different systems</p> Signup and view all the answers

    What is the formula to convert minutes to seconds?

    <p>Seconds = Minutes × 60</p> Signup and view all the answers

    What is the main purpose of using benchmarks in estimation?

    <p>To improve accuracy by using known reference points</p> Signup and view all the answers

    What is the formula to convert hours to seconds?

    <p>Seconds = Hours × 3600</p> Signup and view all the answers

    What is the purpose of measuring time in different units?

    <p>To understand and work with different time scales</p> Signup and view all the answers

    What is the formula to convert minutes to hours?

    <p>Hours = Minutes / 60</p> Signup and view all the answers

    What is the purpose of using significant figures in measurement?

    <p>To reflect the precision of the data</p> Signup and view all the answers

    What is the purpose of using thermometers in measurement?

    <p>To measure temperature</p> Signup and view all the answers

    What is the purpose of planning activities according to a timetable?

    <p>To ensure attendance at all scheduled events</p> Signup and view all the answers

    What is the purpose of calculating time differences?

    <p>To determine the time elapsed between events</p> Signup and view all the answers

    What type of relationship is characterized by a graph that becomes steeper at an increasing rate?

    <p>Constant ratio relationship</p> Signup and view all the answers

    What is the purpose of a flat portion in a graph of a combination of relationships?

    <p>To represent a fixed fee that does not change with usage</p> Signup and view all the answers

    What is an example of a situation where a step-function relationship might occur?

    <p>Different fees charged for different time intervals</p> Signup and view all the answers

    What is the characteristic of a graph that represents a combination of relationships?

    <p>The graph has a flat portion and an increasing portion</p> Signup and view all the answers

    What happens when moving from one interval to another in a step-function relationship?

    <p>The fee changes to a different fixed value</p> Signup and view all the answers

    What is the result of a constant ratio relationship over time?

    <p>The value increases at an increasing rate</p> Signup and view all the answers

    What is the purpose of drawing graphs in the context of patterns and relationships?

    <p>To visualize and understand the relationships between different values</p> Signup and view all the answers

    What is the characteristic of a graph that represents a constant ratio relationship?

    <p>The graph becomes steeper at an increasing rate</p> Signup and view all the answers

    What is the primary purpose of drawing graphs in unfamiliar situations?

    <p>To make sense of the situation and reveal patterns and trends.</p> Signup and view all the answers

    What is a characteristic of a step-function relationship?

    <p>A sudden change in value at specific intervals.</p> Signup and view all the answers

    What does a flat portion of a graph represent in a combination of relationships?

    <p>A fixed fee that does not change with usage.</p> Signup and view all the answers

    What is the importance of recognizing and understanding constant ratio relationships?

    <p>To understand the implications of increasing values.</p> Signup and view all the answers

    What is the result of moving from one interval to another in a step-function relationship?

    <p>A sudden change in value to a different fee.</p> Signup and view all the answers

    What is the importance of developing skills in drawing and interpreting graphs?

    <p>To make sense of unfamiliar situations and reveal patterns and trends.</p> Signup and view all the answers

    What is a characteristic of a combination of relationships in a graph?

    <p>Multiple relationships with different characteristics.</p> Signup and view all the answers

    What is the purpose of recognizing and understanding step-function relationships?

    <p>To understand the implications of different fees for different time intervals.</p> Signup and view all the answers

    What is the importance of analyzing the meaning of different portions of a graph?

    <p>To understand the context and implications of the graph.</p> Signup and view all the answers

    What is the result of a constant ratio relationship over time?

    <p>A gradual increase in value at an increasing rate.</p> Signup and view all the answers

    What is the purpose of converting minutes to seconds?

    <p>To make time calculations more accurate</p> Signup and view all the answers

    What is the main difference between mass and weight?

    <p>Mass is constant, while weight varies depending on the location</p> Signup and view all the answers

    What is the purpose of using benchmarks in estimation?

    <p>To make reasonable estimates of quantities when exact measurement is not possible</p> Signup and view all the answers

    What is the formula to convert hours to seconds?

    <p>Seconds = Hours × 3600</p> Signup and view all the answers

    What is the purpose of using timetables?

    <p>To plan and organize activities effectively</p> Signup and view all the answers

    What is the formula to convert minutes to hours?

    <p>Hours = Minutes ÷ 60</p> Signup and view all the answers

    What is the purpose of rounding and approximating numbers?

    <p>To make reasonable estimates of quantities when exact calculation is not possible</p> Signup and view all the answers

    What is the purpose of scaling in maps and diagrams?

    <p>To represent real-life objects or distances in a smaller scale</p> Signup and view all the answers

    What is the importance of understanding significant figures in measurement?

    <p>To reflect the precision of the data in measurement and calculation</p> Signup and view all the answers

    What is the purpose of estimating quantities in measurement?

    <p>To make reasonable estimates of quantities when exact measurement is not possible</p> Signup and view all the answers

    What is the purpose of identifying the point of intersection in a graph?

    <p>To compare the cost of electricity on different systems</p> Signup and view all the answers

    What is the first step in estimating the point of intersection from a graph?

    <p>Identify the two graphs</p> Signup and view all the answers

    What is the trial and improvement method used for?

    <p>To estimate the values at which two relationships are equal</p> Signup and view all the answers

    What is the importance of understanding intersection points?

    <p>To provide insights into different systems or scenarios</p> Signup and view all the answers

    What is the conversion factor to convert weight from kilograms to pounds?

    <p>2.206</p> Signup and view all the answers

    What is the formula to convert temperature from Celsius to Fahrenheit?

    <p>°F = (1.8 × °C) + 32</p> Signup and view all the answers

    What is the purpose of conversion factors in measurements?

    <p>To switch between different units of measurement</p> Signup and view all the answers

    What is the process of converting between solid and liquid quantities used for?

    <p>To determine the quantity of an ingredient in baking</p> Signup and view all the answers

    What is the formula to convert from grams to milliliters?

    <p>Volume (ml) = (Weight (g) / Conversion Factor) × Conversion Factor for Volume</p> Signup and view all the answers

    What should you do to ensure accuracy when performing conversions?

    <p>Use the correct conversion factor</p> Signup and view all the answers

    What is the conversion factor to convert from cubic meters to liters?

    <p>1000</p> Signup and view all the answers

    What is the formula to calculate the total liters of paint needed?

    <p>Paint Needed (liters) = Surface Area (m²) / Spread Rate (m²/liter)</p> Signup and view all the answers

    What is the conversion factor to convert from minutes to seconds?

    <p>60</p> Signup and view all the answers

    What is the first step in calculating the total liters of paint needed?

    <p>Identify the surface area to be painted</p> Signup and view all the answers

    What is the purpose of breaking down time values into hours, minutes, and seconds?

    <p>To perform calculations involving time recording values</p> Signup and view all the answers

    What should you do to ensure accuracy when performing conversions?

    <p>Double-check your calculations</p> Signup and view all the answers

    What is the purpose of using a timetable?

    <p>To identify the week, date, and time of an event</p> Signup and view all the answers

    What is the formula to convert time values to seconds?

    <p>Seconds = Minutes x 60</p> Signup and view all the answers

    What is the first step in calculating the difference between two time values?

    <p>Break down the time values into hours, minutes, and seconds</p> Signup and view all the answers

    What is the importance of understanding the context when performing conversions?

    <p>It helps to identify the correct conversion factor</p> Signup and view all the answers

    What is the primary purpose of estimating in measurement?

    <p>To approximate the value when it cannot be measured exactly</p> Signup and view all the answers

    What is the unit of measurement for surface area?

    <p>Square units</p> Signup and view all the answers

    What is the formula for the surface area of a rectangular box?

    <p>SA = 2lw + 2lh + 2wh</p> Signup and view all the answers

    What is the formula for the volume of a cylindrical container?

    <p>V = πr^2h</p> Signup and view all the answers

    What is the conversion between cubic meters and liters?

    <p>1 cubic meter = 1000 liters</p> Signup and view all the answers

    What is the purpose of converting between units when measuring surface area and volume?

    <p>To express the value in a more convenient unit</p> Signup and view all the answers

    What is the general formula for the volume of a rectangular-based container?

    <p>V = area of base × height</p> Signup and view all the answers

    What is the purpose of using conversion ratios in measurements?

    <p>To convert between units</p> Signup and view all the answers

    What is the formula for the volume of a rectangular box?

    <p>V = l × w × h</p> Signup and view all the answers

    What is the purpose of recording the measurement or estimation?

    <p>To write down the value, ensuring that it includes the correct units and reflects the appropriate level of precision</p> Signup and view all the answers

    What is the total expenditure of a business?

    <p>The sum of all the expense items</p> Signup and view all the answers

    What is the formula to calculate the net income of a business?

    <p>Total Income - Total Expenditure</p> Signup and view all the answers

    What is the purpose of calculating the difference between the predicted and actual values?

    <p>To compare predicted and actual values for each item</p> Signup and view all the answers

    What does the percentage change represent?

    <p>The change in expenditure over time</p> Signup and view all the answers

    What is the formula to calculate the percentage change?

    <p>(Actual Value - Previous Value) / Previous Value</p> Signup and view all the answers

    What is the purpose of calculating the net income of a business?

    <p>To determine the profitability of a business</p> Signup and view all the answers

    What is the primary goal of financial planning and goals?

    <p>To ensure financial stability by having multiple sources of income</p> Signup and view all the answers

    What is the purpose of understanding taxation in personal finance?

    <p>To recognize the role of income tax in personal finance and how it is calculated</p> Signup and view all the answers

    What is the first step in understanding and managing sources of income?

    <p>Identify all sources of income</p> Signup and view all the answers

    What is the purpose of a budget?

    <p>To outline how net income will be spent</p> Signup and view all the answers

    What is the difference between a budget and a statement of income-and-expenditure?

    <p>A budget shows predicted values, while a statement of income-and-expenditure shows actual values</p> Signup and view all the answers

    What is the purpose of calculating the net income of a business?

    <p>To understand the financial performance of a business</p> Signup and view all the answers

    What is the importance of monitoring and adjusting a budget?

    <p>To regularly review income and expenses to ensure the budget is being followed</p> Signup and view all the answers

    What is the purpose of income diversification?

    <p>To ensure financial stability by having multiple sources of income</p> Signup and view all the answers

    What is the formula to calculate the net income of a business?

    <p>Gross income - deductions</p> Signup and view all the answers

    What is the purpose of setting financial goals?

    <p>To establish short-term and long-term financial objectives and create strategies to achieve them</p> Signup and view all the answers

    What is the term for the total of all the income sources of the employee?

    <p>Gross Salary</p> Signup and view all the answers

    What is the purpose of a quotation?

    <p>Provides a guideline of all the costs that a customer will have to pay</p> Signup and view all the answers

    What is the term for the income remaining after all deductions, such as taxes, pension contributions, and other mandatory deductions?

    <p>Net Income</p> Signup and view all the answers

    What is the formula for calculating gross salary?

    <p>Gross Salary = Basic Salary + Additional Incomes</p> Signup and view all the answers

    What is the term for the payment made by the government to individuals, including grants, social security benefits, and unemployment benefits?

    <p>Government Transfers</p> Signup and view all the answers

    What is the purpose of budgeting?

    <p>To create a plan for how to allocate income to cover expenses, savings, and investments</p> Signup and view all the answers

    What is the term for the portion of an employee's salary on which tax is calculated?

    <p>Taxable Income</p> Signup and view all the answers

    What is the formula for calculating net pay?

    <p>Net Pay = Gross Salary - Total Deductions</p> Signup and view all the answers

    What is the purpose of a receipt?

    <p>Provides proof that a customer has paid for an item/service</p> Signup and view all the answers

    What is the term for the income received from working, such as salaries, wages, commissions, and bonuses?

    <p>Earned Income</p> Signup and view all the answers

    What type of relationship is characterized by a graph that becomes steeper at an increasing rate?

    <p>Constant Ratio Relationship</p> Signup and view all the answers

    What is represented by the flat portion of a graph in a combination of relationships?

    <p>Fixed monthly subscription fee</p> Signup and view all the answers

    What happens to the value in a constant ratio relationship over time?

    <p>It increases at an increasing rate</p> Signup and view all the answers

    What type of relationship is characterized by a graph that looks like a series of steps?

    <p>Step-Function Relationship</p> Signup and view all the answers

    What is the purpose of identifying the different relationships within a graph?

    <p>To understand the different fees or values charged for different time intervals</p> Signup and view all the answers

    What is an example of a situation where a combination of relationships might occur?

    <p>Cost of making calls on a cell phone contract</p> Signup and view all the answers

    What is the result of a step-function relationship over time?

    <p>The value remains constant within each interval</p> Signup and view all the answers

    What is the importance of understanding patterns and relationships in real-life situations?

    <p>To make informed decisions and predictions</p> Signup and view all the answers

    What is the primary purpose of understanding the point of intersection in the context of comparing the cost of electricity on different systems?

    <p>To find where the cost of electricity on the two systems is the same</p> Signup and view all the answers

    What is the trial and improvement method used for in the context of two relationships?

    <p>To find the point of intersection of two relationships</p> Signup and view all the answers

    What is the conversion factor to convert weight from pounds to kilograms?

    <p>1/2.206</p> Signup and view all the answers

    What is the formula to convert temperature from Fahrenheit to Celsius?

    <p>°C = (°F - 32) / 1.8</p> Signup and view all the answers

    What is the purpose of conversion factors in measurements?

    <p>To convert between different units of measurement</p> Signup and view all the answers

    What is the process of converting between solid and liquid quantities used for?

    <p>To perform tasks in various contexts such as baking and construction</p> Signup and view all the answers

    What is the importance of understanding intersection points?

    <p>To analyze and interpret data</p> Signup and view all the answers

    What are the two values that make up the point of intersection?

    <p>One value from the horizontal axis and one value from the vertical axis</p> Signup and view all the answers

    What is the formula to convert from milliliters to grams?

    <p>Weight (g) = Volume (ml) × Conversion Factor</p> Signup and view all the answers

    What is the purpose of estimating the point of intersection?

    <p>To find an approximate point where the two graphs intersect</p> Signup and view all the answers

    What type of relationship is characterized by a graph that looks like a series of steps?

    <p>Step-function relationship</p> Signup and view all the answers

    What is the purpose of drawing graphs in unfamiliar situations?

    <p>To make sense of the situation and reveal patterns and trends</p> Signup and view all the answers

    What is a characteristic of a constant ratio relationship?

    <p>The graph becomes steeper at an increasing rate</p> Signup and view all the answers

    What is the purpose of a flat portion in a graph of a combination relationship?

    <p>To represent a fixed fee that does not change with usage</p> Signup and view all the answers

    What is a skill that learners need to develop in relation to graphs?

    <p>Drawing graphs to represent various non-linear relationships</p> Signup and view all the answers

    What happens when moving from one interval to another in a step-function relationship?

    <p>The fee changes to a completely different fee that is not related to the previous fee</p> Signup and view all the answers

    What type of relationship is represented by a graph with a flat portion and an increasing portion?

    <p>Combination relationship</p> Signup and view all the answers

    What is the importance of recognizing and understanding the implications of different relationships in graphs?

    <p>To understand the patterns and trends in the situation</p> Signup and view all the answers

    What is the purpose of interpreting graphs in the context of real-world situations?

    <p>To understand the implications of the situation in the real-world context</p> Signup and view all the answers

    What is a characteristic of a combination relationship?

    <p>The graph has different portions that represent different relationships</p> Signup and view all the answers

    What is the correct conversion factor to convert from cubic meters to liters?

    <p>1,000</p> Signup and view all the answers

    If a paint covers 15 square meters with 1 liter, how many liters of paint are needed to cover 300 square meters?

    <p>15</p> Signup and view all the answers

    What is the correct step to convert minutes to seconds?

    <p>Multiply the minutes by 60</p> Signup and view all the answers

    When calculating the total liters of paint needed, what is the first step?

    <p>Identify the surface area to be painted</p> Signup and view all the answers

    What is the correct formula to convert time values to hours?

    <p>Hours = Minutes / 60</p> Signup and view all the answers

    Why is it important to break down time values into hours, minutes, and seconds?

    <p>To ensure accuracy in time differences</p> Signup and view all the answers

    What is the purpose of double-checking calculations when performing conversions?

    <p>To ensure accuracy</p> Signup and view all the answers

    What is the correct step to calculate the total seconds from hours, minutes, and seconds?

    <p>Multiply the hours by 3600, minutes by 60, and add the seconds</p> Signup and view all the answers

    What is the purpose of using conversion factors in measurements?

    <p>To ensure accuracy in conversions</p> Signup and view all the answers

    What is the primary purpose of converting units when measuring surface area and volume?

    <p>To ensure accuracy in measurements</p> Signup and view all the answers

    What is the primary purpose of converting minutes to seconds?

    <p>To ensure accurate measurement of time intervals</p> Signup and view all the answers

    What is the formula to convert hours to seconds?

    <p>Hours × 3600</p> Signup and view all the answers

    What is the purpose of measuring time using stopwatches and clocks?

    <p>To understand and interpret stopwatch values and other time recordings</p> Signup and view all the answers

    What is the correct formula to convert minutes to hours?

    <p>Hours = Minutes ÷ 60</p> Signup and view all the answers

    What is the purpose of using benchmarks in estimation?

    <p>To make reasonable estimates of quantities when exact measurement is not possible</p> Signup and view all the answers

    What is the primary purpose of measuring and estimating in real-life contexts?

    <p>To apply formulas to calculate the perimeter, area, and volume of various shapes and objects</p> Signup and view all the answers

    What is the formula to convert seconds to hours?

    <p>Hours = Seconds ÷ 3600</p> Signup and view all the answers

    What is the purpose of using significant figures in measurement and calculation?

    <p>To reflect the precision of the data</p> Signup and view all the answers

    What is the correct formula to convert temperature from Celsius to Fahrenheit?

    <p>Fahrenheit = Celsius × 9/5 + 32</p> Signup and view all the answers

    What is the purpose of using the trial and improvement method in measurement and estimation?

    <p>To find an approximate solution to a problem by repeatedly trying different values</p> Signup and view all the answers

    What is the total expenditure of a business if the total income is $100,000 and the net income is $20,000?

    <p>$80,000</p> Signup and view all the answers

    A company's expenditure on administration costs increased from $10,000 to $12,000. What is the percentage change in the expenditure?

    <p>20%</p> Signup and view all the answers

    If a business has a total income of $150,000 and a total expenditure of $120,000, what is its net income?

    <p>$30,000</p> Signup and view all the answers

    A company predicts its expenditure on maintenance to be $15,000, but the actual expenditure is $18,000. What is the difference between the predicted and actual values?

    <p>$3,000</p> Signup and view all the answers

    What is the primary purpose of converting between solid and liquid quantities in the context of surface area and volume calculations?

    <p>To ensure that the units of measurement are consistent throughout the calculation</p> Signup and view all the answers

    What is the total expenditure of a business if it has administration costs of $5,000, salaries of $30,000, and maintenance costs of $10,000?

    <p>$45,000</p> Signup and view all the answers

    What is the unit of measurement for the volume of a rectangular box?

    <p>Cubic meters (m^3)</p> Signup and view all the answers

    A company's net income is $50,000. If its total expenditure is $80,000, what is its total income?

    <p>$130,000</p> Signup and view all the answers

    What is the purpose of estimating in measurement?

    <p>To use known reference points and logical reasoning to approximate the value</p> Signup and view all the answers

    What is the conversion factor to convert from cubic meters to liters?

    <p>1 cubic meter = 1000 liters</p> Signup and view all the answers

    What is the formula for the volume of a rectangular box?

    <p>V = l × w × h</p> Signup and view all the answers

    What is the purpose of recording the measurement or estimation?

    <p>To ensure that the value is accurate and includes the correct units</p> Signup and view all the answers

    What is the formula for the surface area of a rectangular box?

    <p>SA = 2lw + 2lh + 2wh</p> Signup and view all the answers

    What is the importance of using appropriate units of measurement when calculating surface area and volume?

    <p>It ensures that the units of measurement are consistent throughout the calculation</p> Signup and view all the answers

    What is the purpose of analysing and applying the results of surface area and volume calculations?

    <p>To solve problems or make decisions in real-world contexts</p> Signup and view all the answers

    What is the primary goal of creating a budget?

    <p>To plan and manage future income and expenditure</p> Signup and view all the answers

    What is the difference between a budget and a statement of income-and-expenditure?

    <p>A budget predicts future income and expenditure, while a statement of income-and-expenditure shows actual values</p> Signup and view all the answers

    What is the purpose of calculating the net income of a business?

    <p>To understand the financial stability of the business</p> Signup and view all the answers

    What is the first step in understanding and managing sources of income?

    <p>Identify all sources of income</p> Signup and view all the answers

    What is the purpose of planning for taxes?

    <p>To ensure compliance with tax laws</p> Signup and view all the answers

    What is the purpose of monitoring and adjusting a budget?

    <p>To ensure the budget is being followed</p> Signup and view all the answers

    What is income diversification?

    <p>Having multiple sources of income to reduce risk</p> Signup and view all the answers

    What is the purpose of setting financial goals?

    <p>To achieve financial stability</p> Signup and view all the answers

    What is the formula to calculate the total expenditure of a business?

    <p>Gross income - deductions</p> Signup and view all the answers

    What is the primary purpose of creating a statement of income-and-expenditure?

    <p>To compare actual and predicted values</p> Signup and view all the answers

    What is the primary purpose of calculating net pay?

    <p>To determine the actual amount of money an employee receives at the end of the month</p> Signup and view all the answers

    What is the difference between a quotation and an invoice?

    <p>A quotation is provided before a sale, while an invoice is provided after a sale</p> Signup and view all the answers

    What is the formula for calculating gross salary?

    <p>Gross Salary = Basic Salary + Additional Incomes</p> Signup and view all the answers

    What is the purpose of budgeting?

    <p>To create a plan for how to allocate income to cover expenses, savings, and investments</p> Signup and view all the answers

    What is the difference between earned income and unearned income?

    <p>Earned income is received from employment, while unearned income is received from sources other than employment</p> Signup and view all the answers

    What is the formula for calculating total deductions?

    <p>Total Deductions = Sum of All Deduction Values</p> Signup and view all the answers

    What is the purpose of a receipt?

    <p>To provide proof that a customer has paid for an item/service and give a summary of the costs for buying the item/service and the payment details for the customer</p> Signup and view all the answers

    What is the formula for calculating net pay?

    <p>Net Pay = Gross Salary - Total Deductions</p> Signup and view all the answers

    What is the purpose of identifying different sources of income?

    <p>To understand the different sources of income and how they affect an individual's finances</p> Signup and view all the answers

    What is the purpose of a payslip?

    <p>To provide a summary of an employee's salary and deductions</p> Signup and view all the answers

    What is the primary characteristic of a graph that represents a constant ratio relationship?

    <p>It is a curve that becomes steeper at an increasing rate.</p> Signup and view all the answers

    What is the purpose of identifying the different portions of a combination of relationships in a graph?

    <p>To distinguish between different types of relationships within the same context.</p> Signup and view all the answers

    What is the main difference between a constant ratio relationship and a step-function relationship?

    <p>The type of graph.</p> Signup and view all the answers

    What is the consequence of a constant ratio relationship over time?

    <p>The value increases at an increasing rate.</p> Signup and view all the answers

    What is the purpose of a step-function relationship in a graph?

    <p>To represent different fees or values for different time intervals.</p> Signup and view all the answers

    What is the difference between a flat portion and an increasing portion in a graph?

    <p>The type of fee.</p> Signup and view all the answers

    What is the result of a combination of relationships in a graph?

    <p>A graph with multiple portions that represent different relationships.</p> Signup and view all the answers

    What is the importance of understanding the different types of relationships in a graph?

    <p>To make informed decisions in real-life scenarios.</p> Signup and view all the answers

    What is a key feature of a graph that represents a combination of relationships?

    <p>It has a flat portion and an increasing portion</p> Signup and view all the answers

    What is the purpose of drawing graphs in unfamiliar situations?

    <p>To make sense of the situation and reveal patterns and trends</p> Signup and view all the answers

    What is a characteristic of a step-function relationship?

    <p>The graph looks like a series of steps</p> Signup and view all the answers

    What is an important skill that learners need to develop in relation to graphs?

    <p>Drawing and interpreting graphs for any situation</p> Signup and view all the answers

    What happens when moving from one interval to another in a step-function relationship?

    <p>The fee changes to a completely different value</p> Signup and view all the answers

    What is a key feature of a constant ratio relationship?

    <p>The graph becomes steeper at an increasing rate</p> Signup and view all the answers

    What is an example of a situation where a combination of relationships might occur?

    <p>Cell phone contract charges</p> Signup and view all the answers

    What is the purpose of interpreting graphs in the context of real-world situations?

    <p>To analyze the meaning of different portions of the graph</p> Signup and view all the answers

    What is a characteristic of a graph that represents a constant ratio relationship?

    <p>The graph becomes steeper at an increasing rate</p> Signup and view all the answers

    What is an important aspect of drawing and interpreting graphs?

    <p>Recognizing and understanding the implications of different relationships</p> Signup and view all the answers

    What does the point of intersection represent in the context of comparing the cost of electricity on different systems?

    <p>The point where the cost of electricity is the same on both systems</p> Signup and view all the answers

    What is the purpose of estimating the point of intersection?

    <p>To determine where the cost of electricity is the same on both systems</p> Signup and view all the answers

    What is the trial and improvement method used for?

    <p>To find the point of intersection of two graphs</p> Signup and view all the answers

    What is the importance of understanding intersection points?

    <p>To provide insights into where different systems or scenarios yield the same results</p> Signup and view all the answers

    What is the conversion factor to convert weight from kilograms to pounds?

    <p>2.206</p> Signup and view all the answers

    What is the formula to convert temperature from Celsius to Fahrenheit?

    <p>°F = (1.8 × °C) + 32</p> Signup and view all the answers

    What is the purpose of conversion factors in measurements?

    <p>To convert between different units of measurement</p> Signup and view all the answers

    What is the process of converting between solid and liquid quantities used for?

    <p>To calculate the volume of a substance in various contexts</p> Signup and view all the answers

    What is the importance of understanding the regions around the intersection points?

    <p>To provide insights into how changes in one variable affect the outcome in different contexts</p> Signup and view all the answers

    What is the purpose of estimating the values at which two relationships are equal?

    <p>To provide insights into where different systems or scenarios yield the same results</p> Signup and view all the answers

    What is the primary purpose of using a timetable?

    <p>To plan and organize activities effectively</p> Signup and view all the answers

    Which formula is used to convert minutes to hours?

    <p>Hours = Minutes / 60</p> Signup and view all the answers

    What is the purpose of estimating quantities in measurement?

    <p>To make reasonable estimates of quantities when exact measurement is not possible</p> Signup and view all the answers

    What is the formula to convert hours to seconds?

    <p>Seconds = Hours × 3600</p> Signup and view all the answers

    What is the purpose of using conversion factors in measurements?

    <p>To convert between different units of measurement</p> Signup and view all the answers

    What is the first step in calculating the difference between two time values?

    <p>Convert the time values to seconds</p> Signup and view all the answers

    What is the purpose of measuring time in seconds?

    <p>To calculate the difference between two time values</p> Signup and view all the answers

    What is the formula to convert seconds to hours?

    <p>Hours = Seconds / 3600</p> Signup and view all the answers

    What is the purpose of using benchmarks in estimation?

    <p>To make reasonable estimates of quantities when exact measurement is not possible</p> Signup and view all the answers

    What is the final step in using a timetable?

    <p>To attend all scheduled events</p> Signup and view all the answers

    What is the correct conversion factor to convert from cubic meters to liters?

    <p>1,000</p> Signup and view all the answers

    If a paint can covers 15 square meters per liter, how many liters of paint are needed to cover a surface area of 90 square meters?

    <p>5</p> Signup and view all the answers

    What is the correct formula to convert time values to hours?

    <p>Hours = Minutes / 60 + Seconds / 3600</p> Signup and view all the answers

    What is the primary purpose of breaking down time values into hours, minutes, and seconds?

    <p>To convert time values into a single unit</p> Signup and view all the answers

    What is the correct formula to calculate the total liters of paint needed?

    <p>Paint Needed (liters) = Surface Area (m²) / Spread Rate (m²/liter)</p> Signup and view all the answers

    What is the purpose of using conversion factors when converting between units?

    <p>To ensure accuracy in the conversion</p> Signup and view all the answers

    What is the correct conversion factor to convert from minutes to seconds?

    <p>60</p> Signup and view all the answers

    What is the purpose of calculating the difference between two time values?

    <p>To identify the time elapsed between two events</p> Signup and view all the answers

    What is the correct step in calculating the total liters of paint needed?

    <p>Divide the surface area by the spread rate</p> Signup and view all the answers

    What is the purpose of designing and making sense of timetables?

    <p>To identify the week and dates of the events</p> Signup and view all the answers

    What is the purpose of converting between solid and liquid quantities in measurement?

    <p>To convert between units of measurement to solve problems or make decisions in real-world contexts</p> Signup and view all the answers

    What is the formula to calculate the volume of a rectangular box?

    <p>V = l × w × h</p> Signup and view all the answers

    What is the conversion factor to convert from cubic meters to liters?

    <p>1 m³ = 1000 L</p> Signup and view all the answers

    What is the purpose of recording the measurement or estimation in measurement?

    <p>To write down the value, ensuring that it includes the correct units and reflects the appropriate level of precision</p> Signup and view all the answers

    What is the formula to calculate the surface area of a cylinder with a lid and base?

    <p>SA = 2πr² + 2πrh</p> Signup and view all the answers

    What is the purpose of estimating in measurement?

    <p>To use known reference points and logical reasoning to approximate the value</p> Signup and view all the answers

    What is the unit of measurement for volume?

    <p>Cubic units such as mm³, cm³, or m³</p> Signup and view all the answers

    What is the primary purpose of converting units when measuring surface area and volume?

    <p>To solve problems or make decisions in real-world contexts</p> Signup and view all the answers

    What is the formula to calculate the surface area of a rectangular box?

    <p>SA = 2lw + 2lh + 2wh</p> Signup and view all the answers

    What is the purpose of analyzing and applying the results in measurement?

    <p>To use the measured or estimated values to solve problems or make decisions in real-world contexts</p> Signup and view all the answers

    What is the total expenditure of a business if the total income is $100,000 and the administration costs are $20,000, salaries are $30,000, and maintenance is $10,000?

    <p>$60,000</p> Signup and view all the answers

    A company predicts an expenditure of $50,000, but the actual expenditure is $55,000. What is the difference between the predicted and actual values?

    <p>$5,000</p> Signup and view all the answers

    If the actual value of an expenditure is $60,000 and the previous value was $50,000, what is the percentage change?

    <p>16.67%</p> Signup and view all the answers

    What is the net income of a business if the total income is $100,000 and the total expenditure is $70,000?

    <p>$30,000</p> Signup and view all the answers

    If the predicted value of an expenditure is $40,000 and the actual value is $45,000, what is the difference as a percentage of the predicted value?

    <p>11.11%</p> Signup and view all the answers

    What is the total expenditure of a business if the salaries are $30,000, maintenance is $10,000, and administration costs are $20,000?

    <p>$60,000</p> Signup and view all the answers

    What is the purpose of a quotation in a business transaction?

    <p>To give a customer a guideline of all the costs they will have to pay if they choose to buy an item or service</p> Signup and view all the answers

    What is the difference between gross salary and net pay?

    <p>Gross salary is the total of all the income sources of the employee, while net pay is the difference between the gross salary and the total deductions</p> Signup and view all the answers

    What is the purpose of a receipt in a business transaction?

    <p>To provide proof that a customer has paid for an item or service and give a summary of the costs and payment details for the customer</p> Signup and view all the answers

    What is the formula to calculate the total deductions?

    <p>Total Deductions = Sum of All Deduction Values</p> Signup and view all the answers

    What is the purpose of an invoice in a business transaction?

    <p>To provide a summary of all the costs that a customer must now pay because they have chosen to buy an item or service</p> Signup and view all the answers

    What is the formula to calculate the gross salary?

    <p>Gross Salary = Basic Salary + Additional Incomes</p> Signup and view all the answers

    What is unearned income?

    <p>Income received from sources other than employment, such as interest, dividends, rental income, and pensions</p> Signup and view all the answers

    What is the purpose of budgeting?

    <p>To create a plan for how to allocate income to cover expenses, savings, and investments</p> Signup and view all the answers

    What is the formula to calculate the net pay?

    <p>Net Pay = Gross Salary - Total Deductions</p> Signup and view all the answers

    What is a deduction?

    <p>An item such as Medical Aid and Pension for which a payment is required from the employee</p> Signup and view all the answers

    What is the primary purpose of creating a budget?

    <p>To plan and manage the financial resources of an individual or organization</p> Signup and view all the answers

    What is the key difference between a budget and a statement of income-and-expenditure?

    <p>A budget predicts future income and expenditure, while a statement of income-and-expenditure shows actual values</p> Signup and view all the answers

    What is the purpose of calculating the net income of a business?

    <p>To understand the financial stability of the business and make informed decisions</p> Signup and view all the answers

    What is the formula to calculate the total expenditure of a business?

    <p>Gross Income - Total Deductions</p> Signup and view all the answers

    What is the purpose of identifying all sources of income?

    <p>To create a budget that outlines how the income will be spent</p> Signup and view all the answers

    What is the purpose of setting financial goals?

    <p>To create a plan to achieve short-term and long-term financial objectives</p> Signup and view all the answers

    What is the purpose of monitoring and adjusting the budget?

    <p>To ensure that the budget is being followed and make adjustments as necessary</p> Signup and view all the answers

    What is the importance of understanding income taxation in personal finance?

    <p>It helps in understanding the role of income tax in personal finance and how it is calculated</p> Signup and view all the answers

    What is the purpose of income diversification?

    <p>To ensure financial stability by having multiple sources of income</p> Signup and view all the answers

    What is the purpose of calculating the percentage change in income and expenditure?

    <p>To understand the trend and pattern of income and expenditure over time</p> Signup and view all the answers

    What is the main characteristic of a graph that represents a constant ratio relationship?

    <p>The graph becomes steeper at an increasing rate.</p> Signup and view all the answers

    In a combination of relationships, what does the flat portion of the graph represent?

    <p>The fixed fee that does not change with usage.</p> Signup and view all the answers

    What type of relationship is characterized by a graph that looks like a series of steps?

    <p>Step-function relationship</p> Signup and view all the answers

    What is the primary purpose of a graph that represents a combination of relationships?

    <p>To show the fixed fee and additional charges.</p> Signup and view all the answers

    What is the result of a constant ratio relationship over time?

    <p>The value increases at an increasing rate.</p> Signup and view all the answers

    What is the main difference between a constant ratio relationship and a step-function relationship?

    <p>The graph of a constant ratio relationship becomes steeper at an increasing rate, while the graph of a step-function relationship remains flat.</p> Signup and view all the answers

    What is the purpose of including a flat portion in a graph that represents a combination of relationships?

    <p>To show the fixed fee that does not change with usage.</p> Signup and view all the answers

    What is the key characteristic of a graph that represents a combination of relationships?

    <p>The graph is a combination of a flat and increasing portion.</p> Signup and view all the answers

    What is the primary purpose of drawing graphs in unfamiliar situations?

    <p>To make sense of the situation and reveal patterns and trends that were not visible without the graph</p> Signup and view all the answers

    What is the characteristic of a graph that represents a combination of relationships?

    <p>The graph has a flat portion and an increasing portion</p> Signup and view all the answers

    What happens when moving from one interval to another in a step-function relationship?

    <p>The fee changes to a completely different value that is not related to the previous fee</p> Signup and view all the answers

    What is the primary skill that learners need to develop when working with graphs?

    <p>Drawing graphs to represent various non-linear relationships</p> Signup and view all the answers

    What is the purpose of recognizing and understanding constant ratio relationships?

    <p>To understand the implications of the relationship on real-world situations</p> Signup and view all the answers

    What is the characteristic of a graph that represents a constant ratio relationship?

    <p>The graph becomes steeper at an increasing rate</p> Signup and view all the answers

    What is the importance of interpreting and analyzing graphs in real-world situations?

    <p>To understand the implications of the relationship on real-world situations</p> Signup and view all the answers

    What is the primary purpose of drawing graphs in real-world situations?

    <p>To make sense of the situation and reveal patterns and trends that were not visible without the graph</p> Signup and view all the answers

    What is the characteristic of a graph that represents a step-function relationship?

    <p>The graph has a series of steps</p> Signup and view all the answers

    What is the importance of recognizing and understanding combination relationships?

    <p>To understand the implications of the relationship on real-world situations</p> Signup and view all the answers

    What does the point of intersection indicate when comparing the cost of electricity on two different systems?

    <p>Where the cost of electricity is the same on both systems</p> Signup and view all the answers

    What is the purpose of estimating the point of intersection in a graph?

    <p>To compare the cost of electricity on different systems</p> Signup and view all the answers

    How do you convert weight from kilograms to pounds?

    <p>Multiply the weight by 2.206</p> Signup and view all the answers

    What is the formula to convert temperature from Celsius to Fahrenheit?

    <p>°F = (1.8 × °C) + 32</p> Signup and view all the answers

    What is the purpose of converting between solid and liquid quantities?

    <p>To ensure accurate measurements in various contexts</p> Signup and view all the answers

    What is the trial and improvement method used for?

    <p>To determine the values at which two relationships are equal</p> Signup and view all the answers

    What is the importance of understanding intersection points?

    <p>To provide insights into where different systems or scenarios yield the same results</p> Signup and view all the answers

    What is the result of using the trial and improvement method?

    <p>A pair of values that produce the same result in both equations</p> Signup and view all the answers

    What is the purpose of conversion factors in measurements?

    <p>To ensure accurate conversions between different units</p> Signup and view all the answers

    What is the formula to convert from grams to milliliters?

    <p>Volume (ml) = (Weight (g) / Conversion Factor) × Conversion Factor for Volume</p> Signup and view all the answers

    What is the correct conversion factor to convert from cubic meters to liters?

    <p>1000</p> Signup and view all the answers

    Which of the following is a step in calculating the total liters of paint needed?

    <p>Identify the surface area to be painted.</p> Signup and view all the answers

    What is the correct formula to convert time values from minutes to seconds?

    <p>Seconds = Minutes * 60</p> Signup and view all the answers

    What is the purpose of breaking down time values into hours, minutes, and seconds?

    <p>To calculate the difference between two time values.</p> Signup and view all the answers

    What is the correct formula to calculate the total hours given the minutes and seconds?

    <p>Total Hours = Hours + (Minutes / 60) + (Seconds / 3600)</p> Signup and view all the answers

    What is the primary purpose of using conversion factors in measurements?

    <p>To convert between different units.</p> Signup and view all the answers

    What is the correct formula to calculate the total liters of paint needed given the surface area and spread rate?

    <p>Paint Needed (liters) = Surface Area (m²) / Spread Rate (m²/liter)</p> Signup and view all the answers

    What is the purpose of double-checking your calculations when performing conversions?

    <p>To ensure accuracy.</p> Signup and view all the answers

    What is the correct conversion factor to convert from milliliters to liters?

    <p>1/1000</p> Signup and view all the answers

    What is the purpose of understanding the context in which the conversion is being performed?

    <p>To use the correct conversion factor.</p> Signup and view all the answers

    What is the primary consideration when converting between units of surface area and volume?

    <p>Applying the correct conversion factor</p> Signup and view all the answers

    A rectangular box has a length of 5cm, a width of 3cm, and a height of 2cm. What is its surface area?

    <p>62 cm^2</p> Signup and view all the answers

    A cylindrical container has a radius of 4cm and a height of 10cm. What is its volume?

    <p>502.4 cm^3</p> Signup and view all the answers

    What is the purpose of estimating in measurement?

    <p>To provide a rough approximation</p> Signup and view all the answers

    A company sells 200 units of a product at $50 each. What is the total revenue?

    <p>$10,000</p> Signup and view all the answers

    What is the conversion factor to convert from cubic meters to liters?

    <p>1000 L/m^3</p> Signup and view all the answers

    What is the purpose of recording measurements or estimations?

    <p>To provide a permanent record of the measurement</p> Signup and view all the answers

    A company has a basic salary of $40,000 and additional income of $10,000. What is the total salary?

    <p>$50,000</p> Signup and view all the answers

    What is the formula for the volume of a rectangular box?

    <p>V = lwh</p> Signup and view all the answers

    What is the importance of understanding conversion ratios in measurement?

    <p>To ensure accuracy in calculations</p> Signup and view all the answers

    What is the primary goal of creating a budget?

    <p>To ensure financial stability and achieve long-term goals</p> Signup and view all the answers

    What is the difference between a budget and a statement of income-and-expenditure?

    <p>A budget predicts income and expenditure, while a statement of income-and-expenditure shows actual values</p> Signup and view all the answers

    What is the purpose of calculating the net income?

    <p>To understand the financial stability of a business or individual</p> Signup and view all the answers

    What is the importance of identifying all sources of income?

    <p>To create a comprehensive budget and understand one's financial situation</p> Signup and view all the answers

    What is the purpose of setting financial goals?

    <p>To ensure financial stability and achieve long-term goals</p> Signup and view all the answers

    What is the formula to calculate the net income?

    <p>Gross Income - Total Deductions</p> Signup and view all the answers

    What is the purpose of income diversification?

    <p>To reduce the risk of financial instability</p> Signup and view all the answers

    What is the importance of understanding taxation in personal finance?

    <p>To understand the role of income tax in personal finance and how it is calculated</p> Signup and view all the answers

    What is the purpose of planning for taxes?

    <p>To set aside money for taxes and ensure compliance with tax laws</p> Signup and view all the answers

    What is the importance of monitoring and adjusting the budget?

    <p>To ensure that the budget is being followed and make adjustments as necessary</p> Signup and view all the answers

    What is the difference between Gross Salary and Net Pay?

    <p>Gross Salary is the total of all income sources, while Net Pay is the difference between Gross Salary and total deductions.</p> Signup and view all the answers

    What is the purpose of a Quotation?

    <p>To provide a guideline of all the costs that a customer will have to pay if they choose to buy an item/service.</p> Signup and view all the answers

    What is the formula to calculate Total Deductions?

    <p>Total Deductions = Sum of All Deduction Values</p> Signup and view all the answers

    What is Unearned Income?

    <p>Income received from sources other than employment, such as interest, dividends, rental income, and pensions.</p> Signup and view all the answers

    What is the purpose of a Receipt?

    <p>To provide proof that a customer has paid for an item/service and gives a summary of the costs for buying the item/service and the payment details for the customer.</p> Signup and view all the answers

    What is the formula to calculate Net Pay?

    <p>Net Pay = Gross Salary - Total Deductions</p> Signup and view all the answers

    What is the purpose of a Payslip?

    <p>To calculate the gross salary by summing the basic salary and any additional incomes.</p> Signup and view all the answers

    What is the difference between Earned Income and Unearned Income?

    <p>Earned Income is income received from working, while Unearned Income is income received from sources other than employment.</p> Signup and view all the answers

    What is the purpose ofBudgeting?

    <p>To create a plan for how to allocate income to cover expenses, savings, and investments.</p> Signup and view all the answers

    What is the formula to calculate Gross Salary?

    <p>Gross Salary = Basic Salary + Additional Incomes</p> Signup and view all the answers

    What is the main purpose of calculating the total expenditure of a business?

    <p>To identify areas where costs can be reduced</p> Signup and view all the answers

    If the predicted value of an expense item is $100 and the actual value is $120, what is the difference between the predicted and actual values?

    <p>$20</p> Signup and view all the answers

    What is the formula to calculate the percentage change in expenditure?

    <p>$\left( rac{ ext{Actual Value} - ext{Previous Value}}{ ext{Previous Value}} ight) imes 100 %$</p> Signup and view all the answers

    What is the net income of a business if the total income is $1000 and the total expenditure is $800?

    <p>$200</p> Signup and view all the answers

    What is the purpose of calculating the net income of a business?

    <p>To evaluate the profitability of the business</p> Signup and view all the answers

    What is the total expenditure of a business if the administration costs are $100, salaries are $200, and maintenance costs are $50?

    <p>$350</p> Signup and view all the answers

    What is the most important step when converting between different units of measurement?

    <p>Selecting the correct conversion factor</p> Signup and view all the answers

    A stopwatch displays a time of 3 hours, 45 minutes, and 20 seconds. How many seconds have elapsed?

    <p>13620 seconds</p> Signup and view all the answers

    What is the primary purpose of using benchmarks in estimation?

    <p>To make accurate estimates</p> Signup and view all the answers

    What is the formula to convert minutes to hours?

    <p>Hours = Minutes / 60</p> Signup and view all the answers

    What is the most important aspect of measuring time accurately?

    <p>Using the correct tool</p> Signup and view all the answers

    What is the purpose of calculating the difference between two time values?

    <p>To find the elapsed time</p> Signup and view all the answers

    What is the formula to convert seconds to hours?

    <p>Hours = Seconds / 3600</p> Signup and view all the answers

    What is the purpose of using timetables?

    <p>To plan activities</p> Signup and view all the answers

    What is the primary purpose of measuring time in everyday life?

    <p>To plan activities</p> Signup and view all the answers

    What is the formula to convert hours to seconds?

    <p>Seconds = Hours × 3600</p> Signup and view all the answers

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