If Randolph Co

question 14

Multiple Choice

If Randolph Co. has sales of $3,000,000, net income of $200,000, and total asset turnover of 1.5x, what is its return on assets (ROA) ?

• A) 10%
• B) 17%
• C) 14%
• D) 6%

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Definitions:

Nominal Group Technique

A structured way for team members to generate ideas and identify solutions in which each member is asked the same question in relation to a work issue and requested to write as many answers as possible. Answers are read aloud and voted upon.

Delphi Technique

A method of decision making in which information is gathered from a group of respondents within their area of expertise.

Brainstorming

A creative group technique used to generate a large number of ideas for the solution to a problem.

Process Gains

The enhanced outcomes or efficiencies that result from the collective efforts of a group working together, exceeding what individuals could achieve on their own.