Ratio Understanding Quiz

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Questions and Answers

What is the ratio of oranges to lemons in the bowl of fruit?

  • 3:4
  • 4:3
  • 6:8
  • 8:6 (correct)

How can a ratio be specified?

  • As the sum of the constituting numbers
  • Only as the value of their quotient a/b
  • Only as 'a to b'
  • Both as 'a to b' and the value of their quotient a/b (correct)

What is a statement expressing the equality of two ratios called?

  • Fraction
  • Proportion (correct)
  • Ratio equivalence
  • Quotient

What are ratios of counts, given by non-zero natural numbers?

<p>Rational numbers (B)</p> Signup and view all the answers

In what specific context is a more specific definition of ratio adopted in physical sciences?

<p>Physical quantities measured with the same unit (C)</p> Signup and view all the answers

What is another name for an income statement?

<p>Statement of financial performance (A)</p> Signup and view all the answers

What does the income statement indicate?

<p>Whether the company made money or lost money during the reported period (D)</p> Signup and view all the answers

How are revenues and expenses further categorized in the statement of activities for charitable organizations?

<p>By the donor restrictions on the funds received and expended (D)</p> Signup and view all the answers

What is the purpose of the income statement?

<p>To show managers and investors whether the company made money or lost money (D)</p> Signup and view all the answers

How does the income statement represent the company's financial performance?

<p>By showing how revenues are transformed into net income or net profit (C)</p> Signup and view all the answers

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