$$\text { Reference: } 12 - 12$$ The Sherlock Division Recorded Operating Data as Follows for the Recorded

question 34

Multiple Choice

$$\text { Reference: } 12 - 12$$ The Sherlock Division recorded operating data as follows for the past year: $$\begin{array} { | l | c | } \hline \text { Sales } & \$ 300,000 \\\hline \text { Operating expenses } & 225,000 \\\hline \text { Average operating assets } & 225,000 \\\hline \text { Stockholders' equity } & 80,000 \\\hline \text { Minimum required rate of return } & 20 \% \\\hline\end{array}$$
-Reed Company's sales last year totalled $150,000 and its return on investment (ROI) was 12%. If the company's turnover was 3, then its net operating income for the year must have been?

• A)$12,000.
• B)$6,000.
• C)$18,000.
• D)$2,000.

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Definitions:

BPI Team

A Business Process Improvement (BPI) Team is a group of individuals tasked with analyzing business processes and making recommendations to improve performance, efficiency, and productivity.

Process Metrics

Quantitative measures that are used to assess the performance of a process within a system, often employed to determine the efficiency, effectiveness, and overall quality of operational procedures.

Control Phase

In project management and process improvement, this refers to the final phase where the changes are implemented, monitored, and controlled to ensure that improvements are sustained over time.

Employee-Driven Initiatives

Programs or projects initiated by employees rather than management, often aimed at improving operations, working conditions, or community engagement.