Dean Corporation Reported Net Income $58000 Net Sales $500000 and Average

question 154

Multiple Choice

Dean Corporation reported net income $58000 net sales $500000 and average assets $800000 for 2017. The 2017 profit margin was:

• A) 5.8%.
• B) 11.6%.
• C) 62.5%.
• D) 160%.

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Definitions:

Optimal Behavior

Actions or decisions that maximize the benefit or utility to an individual or entity under given constraints.

Payoff Matrix

A table that shows the potential outcomes of different strategies in a competitive situation, typically used in game theory.

Strategic Choice

The decision-making process in the context of strategic management, where leaders select the best course of action to achieve organizational goals.

Payoff

In game theory, the reward received by a player (for example, the profit earned by an oligopolist).