SY23-24 Unit 1 Final Exam Review (Standard and ACC)

Front

What is profit?

Back

Profit is the amount of money earned after all expenses are subtracted from total revenue. It can be calculated using the formula: Profit = Total Revenue - Total Expenses.

Front

How do you calculate the number of items needed to reach a profit goal?

Back

To find the number of items needed to reach a profit goal, divide the profit goal by the profit made per item. Formula: Number of Items = Profit Goal / Profit per Item.

Front

What is the distance between two numbers on a number line?

Back

The distance between two numbers on a number line is the absolute value of the difference between them. Formula: Distance = |a - b|.

Front

What is absolute value?

Back

Absolute value is the distance of a number from zero on the number line, regardless of direction. It is always a non-negative number.

Front

How do you find the distance between negative numbers?

Back

To find the distance between two negative numbers, treat them as positive numbers and apply the distance formula: Distance = |a - b|.

Front

What is the formula for calculating total earnings?

Back

Total Earnings = Number of Items Sold x Price per Item.

Front

What does it mean if a number is negative?

Back

A negative number represents a value less than zero, often indicating a loss or a deficit in financial contexts.

Front

What is the significance of zero in mathematics?

Back

Zero is a unique number that represents the absence of quantity. It is neither positive nor negative and serves as a neutral point on the number line.

Front

How do you determine if a result is positive, negative, or zero?

Back

To determine if a result is positive, negative, or zero, evaluate the expression or calculation. If the result is greater than zero, it is positive; if less than zero, it is negative; if equal to zero, it is zero.

Front

What is a real-world example of calculating profit?

Back

If a lemonade stand sells lemonade for $2 per cup and spends $10 on supplies, the profit from selling 15 cups would be: Profit = (15 cups x $2) - $10 = $30 - $10 = $20.