Use the Information Below to Answer the Following Question(s)

question 151

Multiple Choice

Use the information below to answer the following question(s) .Berger Publishing has two divisions which operate autonomously.Their results for the past year were as follows:
The company's desired rate of return is 15%.
-What are the respective return on investment ratios for the Toronto and Vancouver divisions?

• A)0.04; 0.58
• B)0.31; 0.47
• C)0.38; 0.40
• D)0.77; 1.25
• E)0.38; 0.45

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Definitions:

Uniform Durable Power

A legal document that grants one person (the agent) the authority to act on behalf of another (the principal) in a wide range of matters and remains in effect even if the principal becomes incapacitated.

UCC

This code, called the Uniform Commercial Code, acts as an all-encompassing body of law for managing commercial operations in the United States.

Duty to Inform

The legal obligation of one party to provide relevant information to another party in certain circumstances, such as in contracts or advisory relationships.

Law of Agency

A legal doctrine concerning the relationship where one party, the agent, is authorized to act on behalf of another, the principal, in transactions with third parties.