A Fried Chicken Fast-Food Chain That Acquired Feed Mills and Poultry

question 20

Multiple Choice

A fried chicken fast-food chain that acquired feed mills and poultry farms has performed

• A) horizontal integration
• B) forward integration
• C) backward integration
• D) current transformation
• E) job expansion

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Definitions:

Return On Assets

A financial metric that measures how efficiently a company's management is using its assets to generate earnings.

GAAP

Acronym for Generally Accepted Accounting Principles; the standard framework of guidelines for financial accounting used in any given jurisdiction.

Operating Leases

Operating leases are lease agreements that allow for the use of an asset but do not grant ownership rights of the asset to the lessee.

Note Disclosure

A detailed explanation added to financial statements providing additional context or information about the statements.