During the Past 12 Months,the Wombat Corporation Had a Net

question 16

Multiple Choice

During the past 12 months,the Wombat Corporation had a net profit of $39 200.What is the return on investment if the amount of the investment is $280 000?

• A)10%
• B)12%
• C)14%
• D)16%

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Definitions:

Cumulative Voting

A voting system that allows shareholders to concentrate their vote on one candidate rather than distributing their votes among multiple candidates.

Shareholder Proposal

A formal recommendation or requirement that is submitted to the shareholders for a vote at a company's annual meeting.

Negligent Conduct

Behavior that falls below the standards of care established by law for the protection of others against unreasonable risk of harm.

Duty of Care

A legal obligation requiring individuals to exercise a reasonable standard of care while performing acts that could foreseeably harm others.