Cloverton Corporation Had Net Income of $30,000,net Sales of $1,000,000,and

question 47

Multiple Choice

Cloverton Corporation had net income of $30,000,net sales of $1,000,000,and average total assets of $500,000.Its return on total assets is:

• A)3%
• B)200%
• C)6%
• D)17%
• E)1.5%

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Definitions:

Joseph Wolpe

A South African psychiatrist known for developing systematic desensitization, a technique used in the treatment of phobias and anxiety disorders.

Behaviour Therapy

A type of psychotherapy that focuses on changing undesirable behaviors through conditioning, without delving deeply into past underlying conflicts.

Systematic Desensitization

A therapeutic technique used to reduce fear or anxiety by gradually exposing the patient to the feared object or context.

Classical Conditioning

The procedure of acquiring skills by associating a stimulus occurring in one's environment with a naturally arising stimulus, prompting a learned reaction.