Which of the Following Industries Would You Expect to Have,on

question 31

Multiple Choice

Which of the following industries would you expect to have,on average,high asset turnover and low profit margin?

• A) Hotels
• B) Grocery stores
• C) Utilities
• D) Oil and Gas extraction

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Definitions:

Office Equipment

Tangible assets such as computers, desks, and chairs, purchased for use in the conduct of business operations and not intended for resale.

Production Equipment

Machines and tools used in the manufacturing process to produce goods.

Liability Insurance

A type of insurance that provides protection against claims resulting from injuries and damage to people and/or property.

Rental Contract

A written or verbal agreement between a lessor and lessee that stipulates the terms and conditions under which a property, vehicle, or piece of equipment is rented.