Question

fraction decimal percent
0.4
50%
0.6
0.625
2/3
7/10
75
80
circle the correct answer:

1. a partnership is:

a: money used to start or enlarge a business. b: a business organization owned by two or more people. c: people who own stock in the business.

1. inflation is: a: a continuous rise in the price of goods and services. b: the ability to buy, sell or trade stocks c: money used to start or enlarge a business.
2. personal liability is: a: ownership of a company without any partners. b: a business owned by one person. c: a business owner who is personally responsible for the debts of the business whether or not there is a profit.

Explanation:

Step1: Convert fractions to decimals and percents and vice - versa

1. For the decimal 0.4:

• Fraction: $0.4=\frac{4}{10}=\frac{2}{5}$
• Percent: $0.4\times100 = 40\%$

1. For 50%:

• Decimal: $50\div100 = 0.5$
• Fraction: $\frac{50}{100}=\frac{1}{2}$

1. For the decimal 0.6:

• Fraction: $0.6=\frac{6}{10}=\frac{3}{5}$
• Percent: $0.6\times100 = 60\%$

1. For the decimal 0.625:

• Fraction: $0.625=\frac{625}{1000}=\frac{5}{8}$
• Percent: $0.625\times100 = 62.5\%$

1. For the fraction $\frac{2}{3}$:

• Decimal: $2\div3\approx0.667$
• Percent: $\frac{2}{3}\times100\approx66.7\%$

1. For the fraction $\frac{7}{10}$:

• Decimal: $\frac{7}{10}=0.7$
• Percent: $0.7\times100 = 70\%$

1. For 75 (assuming it's a percent):

• Decimal: $75\div100 = 0.75$
• Fraction: $\frac{75}{100}=\frac{3}{4}$

1. For 80 (assuming it's a percent):

• Decimal: $80\div100 = 0.8$
• Fraction: $\frac{80}{100}=\frac{4}{5}$

Step2: Answer multiple - choice questions

1. A partnership is a business organization owned by two or more people. So the answer is B.
2. Inflation is a continuous rise in the price of goods and services. So the answer is A.
3. Personal liability is a business owner who is personally responsible for the debts of the business whether or not there is a profit. So the answer is C.

Answer:

Fraction	Decimal	Percent
$\frac{1}{2}$	0.5	50%
$\frac{3}{5}$	0.6	60%
$\frac{5}{8}$	0.625	62.5%
$\frac{2}{3}$	0.667	66.7%
$\frac{7}{10}$	0.7	70%
$\frac{3}{4}$	0.75	75%
$\frac{4}{5}$	0.8	80%

1. B. A business organization owned by two or more people.
2. A. A continuous rise in the price of goods and services.
3. C. A business owner who is personally responsible for the debts of the business whether or not there is a profit.