The Consumer Products Division of Goich Corporation Had Average Operating

question 232

Multiple Choice

The Consumer Products Division of Goich Corporation had average operating assets of $800,000 and net operating income of $81,300 in May. The minimum required rate of return for performance evaluation purposes is 10%.What was the Consumer Products Division's minimum required return in May?

• A) $81,300
• B) $8,130
• C) $88,130
• D) $80,000

---

Definitions:

Good-Faith Contract

An agreement between parties characterized by mutual respect, honesty, and trust, often informal and based on verbal commitments.

Goal Statement

A concise description of the objectives a person, group, or organization aims to achieve.

General Task

A broad or comprehensive duty or activity that may encompass various specific jobs or responsibilities.

Baseline Measure

An initial set of data or observations that serve as a starting point for comparison with later data.