O'Mally Department Stores Is Considering Two Possible Expansion Plans

question 66

Multiple Choice

O'Mally Department Stores is considering two possible expansion plans. One proposal involves opening 5 stores in Indiana at the cost of $1,920,000. Under the other proposal, the company would focus on Kentucky and open 6 stores at a cost of $2,500,000. The following information is available: The payback period for the Indiana proposal is closest to

• A)3.8 years.
• B)5.0 years.
• C)4.8 years.
• D)38.4 years.

---

Definitions:

Salary Range

The spectrum of potential earnings for a job position, indicating the minimum and maximum salary that an employer is willing to pay.

Job Analyst

A professional responsible for studying and collecting information about job responsibilities to define and classify jobs and designate salary scales.

Survey Sampling

The process of selecting a subset of individuals from a population to represent the whole population in a survey study.

Autonomous Group

A group that operates independently with the ability to make decisions without external control, often seen in contexts such as work teams or decentralized organizations.