BUSINESS ADMINISTRATION
BUSINESS MATHEMATICS
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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S1:TRUES2:FALSE
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S1:FALSES2:TRUE
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Both statements are true.
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Both statements are false.
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Detailed explanation-1: -Ratios can be fully simplified just like fractions. To simplify a ratio, divide all of the numbers in the ratio by the same number until they cannot be divided any more.
Detailed explanation-2: -The ratio must always be expressed in its simplest form or in its lowest terms. A ratio is said to be is the simplest form or in the lowest term if two quantities of a ratio (i.e., antecedent and consequent) have no common factor (i.e. antecedent and consequent are co-prime) other than 1 (or their HCF is 1.) = 3 : 2.
Detailed explanation-3: -Canceling is equivalent to dividing both the numerator and denominator by the same number. The key to simplifying a fraction is to find all the common factors between the numerator and denominator and to eliminate them.
Detailed explanation-4: -Ratio defines the relationship between the quantities of two or more objects. It is used to compare the quantities of the same kind. If two or more ratios are equal, then it is said to be in proportion.