The Fractions 12/16 and 24/32 Are the Same Value

question 18

True/False

The fractions 12/16 and 24/32 are the same value.

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Definitions:

Patent

A government-granted right giving an inventor exclusive rights to make, use, or sell an invention for a certain number of years.

Amortized

The gradual reduction of a debt over a specified period of time by making regular payments of principal and interest.

Fair Value

A measure of the worth of an asset or liability, based on its current market price or the price it would fetch in an orderly transaction at the measurement date.

Controlling Interest

The ownership of a majority of a firm's stock, giving the shareholder the ability to control decisions and operations.