A Total Asset Turnover Measure of 0

question 36

Multiple Choice

A total asset turnover measure of 0.84 means that a firm has $0.84 in

• A)sales for every $1 in total assets.
• B)total assets for every $1 in sales.
• C)total assets for every $1 in total equity.
• D)total assets for every $1 in cash.
• E)long-term assets for every $1 in total assets.

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Definitions:

Limited Warranty

A warranty that is restricted to certain parts, certain defects, or has a specified time limit.

Continuous-yes Close

The continuous-yes close is a sales technique where the salesperson asks a series of questions designed to elicit affirmative answers, leading to a positive response on the sale.

Labor Coverage

An insurance or warranty term that covers the cost of labor in the repair or replacement of covered items.

Alternative Close

A sales technique where the salesperson presents multiple options to the prospect, indirectly nudging them towards making a decision.