Donnie Is an Office Manager with a Financial Company

question 63

Multiple Choice

Donnie is an office manager with a financial company.His company recently announced that it will soon implement a flextime plan.Under this new system,Donnie is likely to find that:

• A)he will have to work harder to maintain high morale among the employees in his office.
• B)he will have to work longer hours.
• C)almost all of his workers decide to change to an earlier schedule.
• D)workers tend to forget their work schedules.

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Definitions:

Invested Assets

Assets that are purchased or acquired for long-term income potential or to benefit the business operations.

Investment Turnover

A measure of the efficiency with which a company uses its assets to generate sales or revenue, calculated as sales divided by invested assets.

Income From Operations

This refers to the earnings generated from a company's normal business operations, excluding extraordinary items and expenses like taxes and interest payments.

Invested Assets

Assets that have been allocated to investments, such as stocks, bonds, or real estate, with the expectation of earning a return.