Yes that's correct. Imagine a pie or Pizza. Slice into quarters. Make one cut in half, then another cut perpendicular to that. Each piece is 1/4 of the whole. Now make two more slices at 45° angles, so that there are 8 equal pieces. Each of those is 1/8 of the whole, and also each of those is one half of the quarter-size pieces.
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One eighth is a half of one quarter - if that is what the question was.
NO A fourth (quarter) is twice one eighth
One-Eighth (1/8)
7/8
One and one eighth cups of butter.