New Salespeople at a Retail Store Generate an Average of $50,000

question 22

Multiple Choice

New salespeople at a retail store generate an average of $50,000 in profit their first year.In addition,the reduced workload on the rest of the sales staff improves their efficiency and ability to provide high-quality customer service by 10 percent.This is worth an additional $20,000 to the company.The cost of hiring and training a new salesperson is expected to be $3,000 and $8,000 respectively.The salary for this position is $35,000.What is the return on investment of hiring an additional salesperson?

• A)152%
• B)163%
• C)200%
• D)143%

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Definitions:

Parenting Plan

A parenting plan is a document that divorced or separated parents create to outline how they will raise their children post-separation.

Sole Legal Custody

A legal arrangement where only one parent has the right to make major decisions regarding the child’s welfare, education, and health.

Joint Physical Custody

A legal arrangement where children live and spend significant time with both parents after separation or divorce.

Stepparents

Individuals who are married to a biological parent of a child and may take on parental responsibilities without being the child’s biological parent.