Davis Corporation Reported Net Income $48,000, Net Sales $400,000, and Average

question 91

Multiple Choice

Davis Corporation reported net income $48,000, net sales $400,000, and average assets $800,000 for 2014. The 2014 profit margin was

• A) 6%.
• B) 12%.
• C) 50%.
• D) 200%.

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Definitions:

External Adaptation

The process through which an organization or individual adjusts to changes in the external environment to survive and thrive.

Measurement

The process of quantifying variables or attributes through specific units or scales to assess or compare different entities.

Role Models

Individuals or entities admired for their ways of being or behaviors, serving as examples for others to emulate.

CEO Semco

Refers to the Chief Executive Officer of Semco, a Brazilian company known for its radical form of corporate democracy and industrial democracy.