INSTRUCTIONS: Choose the Word or Phrase in [ ] Which

question 96

Multiple Choice

INSTRUCTIONS: Choose the word or phrase in [ ] which will correctly complete the statement. Select
-Most families find it [easy | difficult] to discuss money matters.

• A)for the first item
• B)for the second item
• C)if neither item will correctly complete the statement.

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Definitions:

Profit Center

A business segment whose manager has control over cost and revenue but has no control over investments in operating assets.

Margin

Net operating income divided by sales.

Turnover

Sales divided by average operating assets.

Manufacturing Cycle Efficiency

A metric that measures the efficiency of the manufacturing process by comparing the value-added production time to the total production time.