A Company Had Net Income of $40,000, Net Sales of $300,000

question 178

Multiple Choice

A company had net income of $40,000, net sales of $300,000, and average total assets of $200,000. Its profit margin and total asset turnover were respectively:

• A) 13.3%; 1.5.
• B) 13.3%; 0.2.
• C) 1.5%; 0.2.
• D) 2.0%; 1.5.
• E) 1.5%; 13.3.

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Definitions:

Nomothetic Goals

Goals that are concerned with establishing general laws and traits that apply broadly across people, in contrast to idiographic goals which are highly individualized.

Operant Conditioning

A learning process in which the strength of a behavior is modified by reinforcement or punishment.

B.F. Skinner

An American psychologist and behaviorist known for his theory of operant conditioning and studies on reinforcement.

S-R Association

A concept in behaviorism that refers to the association formed between a stimulus and the response it generates without requiring conscious thought.