A Company Had Average Total Assets of $600,000 and an Asset

question 94

Multiple Choice

A company had average total assets of $600,000 and an asset turnover ratio of 4. Which of the following is not true?

• A)Sales revenue was $2,400,000.
• B)The asset turnover ratio indicates $4 of sales were generated for every $1 invested in assets.
• C)The asset turnover ratio is an indication of the efficiency in the use of assets to generate revenues.
• D)The asset turnover ratio indicates the success of efforts to control expenses.

Recognize different marketing tactics and strategies used by companies.

Comprehend how market analyses tools, such as SWOT analysis and the Boston Consulting Group's growth-share matrix, help in strategic planning.

Understand the role of mission statements and core values in guiding a company's strategic direction.

Describe the evaluation phase's actions, including comparison of results with plans and taking corrective actions.

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Definitions:

Frontal Cortex

The front part of the cerebral cortex involved in decision making, problem-solving, control of purposeful behaviors, consciousness, and emotional responses.

Self-Actualization

The realization or fulfillment of one's talents and potentialities, often considered as the highest need in Maslow's hierarchy of needs.

Humanistic

Pertaining to a psychological perspective that emphasizes individual growth, self-actualization, and the understanding of human behavior by considering the whole person.

Fully Functioning

A term often used in psychology to describe an individual who is living at their highest potential, often related to self-actualization.