Babak Industries Is a Division of a Major Corporation

question 60

Multiple Choice

Babak Industries is a division of a major corporation. Last year the division had total sales of $19,560,000, net operating income of $1,877,760, and average operating assets of $6,000,000.
-The division's return on investment (ROI) is closest to:

• A) 7.3%
• B) 23.8%
• C) 31.3%
• D) 3.0%

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Definitions:

John Locke

A 17th-century English philosopher known for his work on political philosophy and theory of knowledge.

Leviathan

Often refers to a large, powerful sea creature in biblical literature, or metaphorically to something very large and powerful.

State Of Nature

A concept in political philosophy regarding the hypothetical conditions of human beings before or without political association.

Social Contract

A theory or model that explains the legitimacy of the authority of the state over the individual.