Devon IncHas a Profit Margin of 12% and an Investment Turnover

question 56

Multiple Choice

Devon Inc.has a profit margin of 12% and an investment turnover of 2.5.Sales revenue is $600,000.What is the amount of average invested assets?

• A)$240,000
• B)$1,500,000
• C)$50,000
• D)$72,000

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Definitions:

Management By Walking Around

A managerial style where leaders unofficially and regularly walk through the workplace to engage with employees, gather insights, and foster communications.

Filtering

The process of withholding or distorting information as it is transmitted up or down the organizational hierarchy.

Communication Process

The steps through which information is conveyed between a sender and a receiver, including encoding, medium of transmission, decoding, and feedback.

Media Richness

The ability of a communication medium to effectively convey information and promote understanding in a timely manner.