Front

What is a circle graph?

Back

A circle graph, also known as a pie chart, is a circular statistical graphic divided into slices to illustrate numerical proportions. Each slice represents a category's contribution to the total.

Front

How do you calculate the percentage of a category in a circle graph?

Back

To calculate the percentage of a category, divide the value of that category by the total value and then multiply by 100. Formula: (Category Value / Total Value) x 100.

Front

What does the term 'vendor fees' refer to in a budget?

Back

Vendor fees are the charges that vendors or suppliers impose for their services or products, often included in event budgets.

Front

If a circle graph represents 360 degrees, how many degrees does each category represent if it makes up 25% of the total?

Back

Each category that represents 25% of the total would occupy 90 degrees in the circle graph (25% of 360 degrees).

Front

What is the total revenue if vendor fees are $1,800 and they represent 15% of the total?

Back

To find the total revenue, divide the vendor fees by the percentage they represent: Total Revenue = $1,800 / 0.15 = $12,000.

Front

What is a budget?

Back

A budget is a financial plan that outlines expected income and expenses over a specific period, helping individuals or organizations manage their finances.

Front

How do you find the ratio of two budgeted amounts?

Back

To find the ratio, divide each amount by the other. For example, if books cost $700 and tuition is $4,200, the ratio is 700:4200, which simplifies to 1:6.

Front

What is the significance of understanding ratios in budgeting?

Back

Understanding ratios helps in comparing different budgeted amounts, making it easier to allocate resources effectively and identify areas for adjustment.

Front

What does 'transportation expenses' typically include in a budget?

Back

Transportation expenses may include costs for public transport, fuel, vehicle maintenance, and parking fees.

Front

How can you represent data visually using a circle graph?

Back

Data can be represented visually in a circle graph by dividing the circle into slices that correspond to the proportion of each category relative to the total.