While a Retailer Planned to Have a 20 Percent Return

question 65

Multiple Choice

While a retailer planned to have a 20 percent return on its net worth,actual return on net worth was only 15 percent.An analysis of this performance measure revealed that the firm's operating costs were much higher than expected.The analysis performed by the retailer is ________.

• A) scenario analysis
• B) gap analysis
• C) benchmarking
• D) variance analysis

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Definitions:

Sociohistorical Context

The social and historical background or environment that influences and shapes events or phenomena.

Introspection

The examination of one's own conscious thoughts and feelings.

William James

An American philosopher and psychologist, often referred to as the father of American psychology, who made significant contributions to the fields of philosophy and psychology in the late 19th and early 20th centuries.

Sociohistorical Context

Refers to the social, cultural, and historical environment or background influencing an event or subject.