Examlex
Which of the following is the correct sequence of phases in Simon's model of problem solving?
Net Operating Income
The total profit of a company after operating expenses are subtracted, but before taxes and interest are deducted.
Average Operating Assets
The average value of the assets involved or used in the operating activities of a company over a given period, typically calculated as the average of the opening and closing balances of these assets.
Residual Income
Earnings that exceed the minimum required return on investment; it's what remains after all costs and expenses have been deducted.
Return on Investment
A performance measure used to evaluate the efficiency of an investment or compare the efficiency of a number of different investments, calculated as net profit divided by the cost of the investment.
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