FNSACC323_Perform financial calculations Assessment event 1-Knowledge Part 1
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School
TAFE NSW - Sydney Institute *
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Course
FNSACC323
Subject
Mathematics
Date
Jan 9, 2024
Type
docx
Pages
4
Uploaded by reneez24
Information ¥ Flag question Read each question carefully and answer by selecting the appropriate response Question 1 Correct Mark 1.00 outof .00 ¥ Flag question Match the following mathematical terms to the correct description. The process of adding equal groups, for example 5 x 10 Amethod of merging and counting as a single group, for example 9 + 10 A medium of exchange for goods and services, for example AUD $ The process of taking one number or amount away from another, for example 30-20 The reverse of multiplication where we wish to find the total groups of numbers, for example 3= 5 V ‘Your answer is correct
Question 2 Comect Mark 1.00 outof 1.00 ¥ Flag question Match the following mathematical terms to the correct description Aquantity, measure, or frequency, usually measured against another quantity or measure, for example $5 per hour, or the interest accumulated Displays the amount of times one number contains another, for example 4 : 9 The parts of a whole collection, for example 2 Used to write a number that is not whole, for example 3.5 Aratio that can be expressed as a fraction of 100, for example 20% V ‘Your answer is correct.
Question 3 Corect Mark 1.00 outof .00 ¥ Flag question Match the following mathematical formulas to the correct description Division s v Multiplication s v Addition v Subtraction + v &/ Youransweris correct ouestionil Corect Mark 1.00 outof .00 ¥ Flag question Which 4 of the following are common computational errors? Select all that apply. Positioning of decimals and brackets v Formula errors v Misinterpreting formulas Input errors v Misapplying order of operations v Mistyping formulas V ‘Your answer is correct
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Eonec« Mark 1.00 outof 100 ¥ Flag question State the correct order to identify and rectify computational errors. Check to see that all the data used in your calculations are correct If you find an error and you correct that error, you then need to see if any other figures are affected by this error and need to be changed as a result Check that you have all the decimal points and brackets are in the correct places Check that your calculations are correct and if you are using a spreadsheet check that the formulas you are using are the correct ones V ‘Your answer is correct.