Choose the One Most Appropriate Answer for Each

question 67

Multiple Choice

Choose the one most appropriate answer for each.
-a person who is considered legally capable of entering into a contract

• A)assign
• B)attorney-in-fact
• C)breach of contract
• D)competent party
• E)consideration
• F)counteroffer
• G)duress
• H)forbear
• I)fraud
• J)liquidated damages
• K)money damages
• L)mutual agreement
• M)novation
• N)offeror
• O)rescind
• P)specific performance
• Q)statute of frauds
• R)unilateral contract
• S)void contract
• T)voidable contract

---

Definitions:

Return On Assets Ratio

The Return on Assets (ROA) ratio measures a company's ability to generate profit from its assets, indicating efficiency in using assets to produce earnings.

Profit Margin

A financial performance metric that measures the amount of net income earned with each dollar of sales generated by comparing net income to revenue.

Asset Turnover Ratios

Financial metrics that measure the efficiency of a company in using its assets to generate sales or revenue.