Investment Turnover Is Defined As

question 63

Multiple Choice

Investment turnover is defined as:

• A)the ratio of sales revenue to average invested assets.
• B)the ratio of net operating income to average invested assets.
• C)the ratio of net operating income to sales revenue.
• D)the ratio of profit margin to return on investment.

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Definitions:

Waiver

A waiver is the voluntary relinquishment or surrender of some known right or privilege.

Statute of Limitations

A law that sets the maximum time after an event within which legal proceedings may be initiated.

Proximate Cause

A principle in law that denotes the primary cause of an injury, used to establish the direct link between an act and the injury suffered.

Standard of Care

The degree of prudence, attention, and caution expected of a reasonable person in a specific situation, often used as a legal benchmark.