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Suppose a firm pays total dividends of $489,000 out of net income of $5 million. What would the firm's retention ratio be?
Universal Principles of Management
Fundamental concepts and practices that are widely applied across various industries and organizations to effectively lead and manage teams.
Henry Fayol
A French engineer and scholar, recognized as one of the pioneers of modern management methodologies, noted for his development of a general theory of business administration.
Diversity
The inclusion of individuals from various backgrounds, beliefs, and cultures, contributing to a rich, multidimensional environment.
Unity of Command
A principle in management and military stating that each employee should receive orders from only one superior to avoid confusion and conflict.
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