________ Are Professional Accountants Who Serve the General Public,not One

question 49

Multiple Choice

________ are professional accountants who serve the general public,not one particular company.

• A) Certified public accountants
• B) Financial managers
• C) Internal auditors
• D) Controllers

---

Definitions:

Operating Income

Earnings derived from the principal operations of an enterprise, not including the effects of interest and tax deductions.

Variable Cost

A cost that fluctuates with changes in production volume, such as raw materials and direct labor costs.

Investment Turnover

A measure of a company's efficiency in using its assets to generate sales or revenue, calculated by dividing sales by the average total assets.

DuPont Formula

A method that breaks down the return on equity into three component parts—profit margin, asset turnover, and financial leverage—to analyze a company's financial performance.