The following data are for the Akron Division of Consolidated Rubber, Inc.: Sales$750,000Net operating income$45,000Average operating assets$250,000Stockholders' equity$75,000Residual income$15,000?For the past year, the return on investment was:
A. 26%
B. 18%
C. 6%
D. 30%
Answer: B
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How are consumers influenced by reference groups?
a. Many consumers provide reference groups with opinions on new products and services. b. Consumers are prohibited from dissociating themselves from reference groups. c. Consumers use the same criteria as their reference groups to make their own consumer decisions. d. Once consumers are associated with a reference group, they do not associate themselves with a secondary group.
Jill recently inherited money from her old aunt Maude. Jill decided to buy beach-front property in Beaufort, South Carolina. Jill's new property consists of 3 acres of land, with direct access to the ocean. When she bought the land there is no home on it, but she wants to build a beach home in the future. A year after she bought the lovely lot, the city of Beaufort rezones the land, prohibiting
any building so that other residents can enjoy the view. Suppose that one year after she buys her land, Jill gives her sister Kate the right to use the 3 acres of beach-front property so long as she lives. This is known as: a. a fee defeasible b. a fee simple c. a life estate d. a remainder interest e. a past interest
In addition to a Statement of Net Position, which of the following are government-wide statements?
A. Statement of Revenues, Expenses, and Changes in Fund Net Position. B. Statement of Cash Flows. C. Both of the above. D. Neither of the above.
Which of the following conflict management strategies is appropriate when the issue in discussion is not that important to an individual or when harmony is of greater importance to him or her than "winning" on the issue?
A. Competing strategy B. Compromising strategy C. Avoidance strategy D. Accommodation strategy