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Basic concepts
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Specifically
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Business Applications (not an exhaustive list)
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NUMBER CALCULATIONS
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Synonyms of all operators
(+, -, * & /);
Sums, products, deductions, divisions;
Multiplication as repeated addition;
LCMs and HCFs
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Understanding what is being asked of you; Analysis of Statements of Financial Performance and Financial Position;
Statistics
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BODMAS AND NUMBER ORDER
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Order of operation in an expression;
The Real Number line;
using your calculator
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Analysis of Statements of Financial Performance and Financial Position; Investment means and σ; Statistics.
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STRAIGHT LINE GRAPHS
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Intercepts (vertical and horizontal),
slope, equation of a straight line
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Break-evens; Product Demand and Supply; Product Market equilibria
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FRACTIONS & DECIMALS
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Equivalent fractions, expressing fraction as a decimal, powers of 10; powers with base other-than-ten; calculator use
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Proportions, growth, comparisons;
dealing with large and small numbers;
Market analysis
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PERCENTS
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Proportions,
growth,
comparisons
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Proportions, growth, comparisons; bonds, shares, risk; exchange rate gains and losses; Market analysis
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ALGEBRA
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Finding one unknown by substitution, balancing equations and/or the CTM methods; grouping unknowns.
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Break-evens and target production;
testing statistical hypotheses; CAPM, Betas; determining market equilibria
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FINANCIAL CALCULATIONS
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Simple interest, compound interest, discount factors, discounted cash flows; criteria for choice.
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Investment decisions, choices.
NPV and payback period.
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GRAPHS
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Producing graphs from data, interpretation and critical analysis.
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Marketing an idea; Attracting investors;
Avoiding being misled by others.
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