BUSINESS ADMINISTRATION
BUSINESS MATHEMATICS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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PROPORTION
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RATE
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RATIO
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Detailed explanation-1: -⇒ A ratio is a comparison of two similar quantities obtained by dividing one quantity by the other.
Detailed explanation-2: -A rate is a ratio that compares two quantities with different kinds of units.
Detailed explanation-3: -The method of comparing two quantities by dividing one quantity by the other is called ratio. It is the quantitative relation between two amounts showing the number of times one value contains the other or is contained within the other.
Detailed explanation-4: -A ratio is a comparison of two quantities of the same kind, even if they are having different units.
Detailed explanation-5: -A ratio is a comparison between two or more like quantities in the same units. This suggests that a ratio can be simplified by dividing its terms by the same number. Therefore: This suggests that the terms of a ratio can be multiplied by the same number.