Dale Is a Guitar Teacher and Terrence Is a Tile

question 106

Multiple Choice

Dale is a guitar teacher and Terrence is a tile layer. If Dale teaches Terrence's daughter to play the guitar in exchange for Terrence tiling Dale's kitchen floor,

• A)only Dale is made better off by trade.
• B)only Terrence is made better off by trade.
• C)both Dale and Terrence are made better off by trade.
• D)neither Dale nor Terrence are made better off by trade.

---

Definitions:

Return On Investment

A performance measure used to evaluate the efficiency or profitability of an investment in comparison to other investments.

Net Operating Income

A company's income after operating expenses are deducted, but before income taxes and interest are deducted.

Average Operating Assets

The average value of the assets used in the normal operating activities of a business over a specific period.

Return On Investment

A measure of the profitability of an investment, calculated as a percentage of the return divided by the cost of the investment.