The document summarizes key concepts about ratios and proportions. It defines a ratio as the comparison of two quantities of the same kind by division. It provides three ways to write a ratio and lists five properties of ratios. A proportion is defined as an equation that says one ratio is equal to another. The rule of proportion states that the product of extremes is equal to the product of means. Direct proportion and inverse proportion are defined as two quantities increasing or decreasing together in the same or opposite ratios, respectively. Continued proportion is defined as the ratio of the first and second numbers being equal to the ratio of the second and third numbers. An example verifies that 2, 4, 8 are in continued proportion.