Division A's investment in a new project will raise the overall organization's return on investment if
a. the return on investment on the new project exceeds the target return of the overall organization.
b. the return on investment on the new project exceeds the return on investment of Division A.
c. the return on investment on the new project exceeds the overall organization's return on investment.
d. Division A's return on investment exceeds the return on investment of the overall organization.
C
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A subsidiary ledger is ________.
A) an accounting journal designed to record a specific type of transaction B) a created list of accounts used by a business entity to define each class of items for which cash is spent or received C) a complete record of business transactions recorded in a ledger over the life of a company D) a record of accounts that provide supporting details on individual balances, the total of which appears in a general ledger account
All of the following statements about partnerships are true except
A) partners must share profits and losses equally. B) a change in ownership will dissolve the partnership. C) any partner can enter into a binding agreement with a third party. D) all partners have unlimited liability.
Two major components of a Type A Behavior Pattern are:
A. Ambition and arrogance B. Impatience and arrogance C. Impatience and hostility D. Ambition and hostility
Which of the following statements is correct regarding fringe benefits earned by employees whose regular wages are normally classified as direct labor?
A) Fringe benefits should also be classified as direct labor. B) Fringe benefits should be classified as indirect labor. C) Fringe benefits should be classified as a period cost. D) Fringe benefits should not be classified as either a product or period cost.