Which of the Following Statements Is Incorrect

question 59

Multiple Choice

Which of the following statements is incorrect?

• A) Turnover is calculated by dividing sales by average operating assets.
• B) Margin is a measure of the profits generated from sales.
• C) Return on investment can be improved by increasing sales, decreasing expenses, or increasing the asset base.
• D) If return on investment increases when sales increase, that change usually is due at least in part to the effect of fixed costs (operating leverage).

---

Definitions:

Quadratic Equation

A mathematical equation of the form ax^2 + bx + c = 0, where x represents an unknown variable, and a, b, and c are constants with a ≠ 0.

Real Solutions

Solutions to equations that can be represented on the number line.

Graphing Calculator

A handheld calculator capable of plotting graphs, solving equations, and performing other complex mathematical tasks.

Vertex

A point where two or more curves, edges, or lines meet, often referring to the highest or lowest point on a curve.