In the Modern U

question 132

Multiple Choice

In the modern U.S.economy,the typical unemployed person stays unemployed for

• A)a relatively long time, over a year.
• B)a relatively short time, less than six months.
• C)for a long time during expansions and short time during recessions.
• D)an amount of time that is hard to quantify.

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Definitions:

Residual Income

A measure of performance that calculates the income an investment generates above the minimum required return.

Net Operating Income

A measure of a company's profitability, calculated by subtracting operating expenses from operating income.

Average Operating Assets

The average value of the assets used in the normal operations of a business over a specific period, typically used in return on investment calculations.

Balanced Scorecard

An integrated set of performance measures that are derived from and support the organization’s strategy.