Castor Company Had Income of $10,000, Average Assets of $100,000

question 14

Multiple Choice

Castor Company had income of $10,000, average assets of $100,000 and sales of $40,000. What is Castor's ROI?

• A) 10%
• B) 20%
• C) 25%
• D) 0.4%
• E) 40%

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Definitions:

Serial Entrepreneurship

The practice of repeatedly starting new businesses and ventures, typically after previous successes or failures.

Hackathon

An event, often competitive, where programmers, designers, and others involved in software development collaborate intensively on software projects.

Skunkworks

Project initiated by a company employee who conceives the idea, convinces top management of its potential, and then recruits human and other resources from within the firm to turn it into a commercial project.