Assume the Air Conditioning Division of the General Appliance Corporation

question 9

Multiple Choice

Assume the Air Conditioning division of the General Appliance Corporation had the following results last year (in thousands) . Management's target rate of return is 15% and the weighted average cost of capital is 10%. Its effective tax rate is 35%. What is the division's capital turnover?

• A)5.00
• B)4.00
• C)1.25
• D)3.05

---

Definitions:

Social Construction

The theory that perceptions of reality are shaped by the collective beliefs and values of society.

Gender Socialization

The process by which individuals learn the cultural norms and expectations associated with their gender through social interactions.

Nature-versus-nurture

An ongoing debate in psychology and sociology regarding the relative impact of genetic inheritance (nature) and cultural and environmental influences (nurture) on human behavior and traits.

Gender

A societal concept encompassing the expected duties, behaviors, pursuits, and characteristics deemed suitable for males and females by a specific culture.