A Return on Investment Ratio of 1

question 51

True/False

A return on investment ratio of 1:.50 means that for every 50 cents invested in a training program,$1.00 will be returned to the company.

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Definitions:

Cost of Goods Available for Sale

The total cost of beginning inventory plus the cost of goods purchased or manufactured during an accounting period, before any sales are subtracted.

Just-In-Time Manufacturing

A production system that arranges resources and operations to coincide exactly with production demands, minimizing inventory costs.

Quality Improvement

Quality Improvement is the systematic process of making incremental and breakthrough improvements to services, processes, and products to enhance customer satisfaction and achieve organizational objectives.

General-Purpose Financial Statement

Financial reports intended to meet the needs of various users, including balance sheets, income statements, and cash flow statements, providing an overview of a company's financial condition.