Joseph Company Reported the Following Information for the Current Year

question 8

Multiple Choice

Joseph Company reported the following information for the current year: $$\begin{array} { l c c } \text { Sales } & \$ 787,000 \\\text { Average Operating Assets } & \$ 375,000 \\\text { Desired ROI } & 12 \% \\\text { Residual Incone } & \$ 11,250\end{array}$$ The company's operating income was:

• A) $94,440.
• B) $56,250.
• C) $45,000.
• D) $33,750.

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Definitions:

Needs Level

Refers to the hierarchy of needs ranging from basic physiological needs to higher-level psychological needs, as identified in theories of psychology.

Relatedness Needs

The psychological needs for interpersonal relationships and emotional connections with others.

Esteem Needs

In Maslow’s hierarchy, include recognition from peers and colleagues.

Self-actualization

A psychological term referring to the realization or fulfillment of one's talents and potentialities, often considered as a drive or need present in everyone.