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

    What is another name for an income statement?

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

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