The Electronics Division of Anton Company Reports the Following Results

question 28

Multiple Choice

The Electronics Division of Anton Company reports the following results for the current year: $\begin{array}{ll}\text { Revenues } & \$ 481,000 \\\text { Operating expenses } & \$ 432,000 \\\text { Operating income } & \$ 49,000 \\\text { Operating assets } & \$ 590,000\end{array}$ Anton Company has set a target return on investment (ROI) of 10% for the Electronics Division. The Electronic Division's return on investment is:

• A) 11.34%.
• B) 8.31%.
• C) 10.19%.
• D) 10.00%.

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Definitions:

Competitive Bidding

A procurement process where suppliers submit bids to win a contract to supply goods or services, often leading to lower prices.

Contract Acceptance

The process by which a party agrees to the terms and conditions of a contract, signifying their willingness to be legally bound by it.

Linear Programming

A mathematical modeling technique used for achieving the best outcome in a mathematical model whose requirements are represented by linear relationships.

Scarce Resources

Limited or insufficient resources that cannot fully meet the demand when needed.