Use the Following Information for the Next 4 Questions

question 62

Multiple Choice

Use the following information for the next 4 questions.
Teresa's Taco Co. had the following results during the most recent year: Sales $500,000; Residual income $5,000; investment turnover 2.5; and a required rate of return of 15%.
-The operating (pretax) income was

• A) $30,500
• B) $192,500
• C) $35,000
• D) $16,250

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Definitions:

HRM System

Human Resource Management System; an integrated suite of software applications used to manage and automate many HR processes, including recruitment, employee management, and payroll.

Performance Measurement

A method used by organizations to evaluate and assess the efficiency and effectiveness of its operations, often by analyzing quantitative data.

Promotion

The advancement of an employee to a higher position or job title within a company.

Instrumentality

The belief or expectation that performing a given behavior is associated with a particular outcome.