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A division reports a 24.5% ROI,a 9.6% return on sales,and a 2.55 asset turnover ratio.How can the manager of this division determine whether these results are favorable or not?
Agreement Of Partners
A legal document outlining the terms and conditions under which partners agree to operate a partnership.
Actual Authority
The express or implied power given to an agent by the principal, allowing the agent to act on behalf of the principal.
Respondeat Superior
A legal doctrine holding employers liable for the actions of their employees performed within the course of their employment.
Liability
Being under a legal obligation, especially concerning financial debts or fulfilling certain duties.
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