When Using the Accounting Rate-Of-Return Method,the Net Income Has to Be

question 153

True/False

When using the accounting rate-of-return method,the net income has to be averaged over the life of the investment.

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Definitions:

Price Fixing

An agreement between participants on the same side in a market to buy or sell a product, service, or commodity only at a fixed price, or maintain the market conditions such that the price is maintained at a given level by controlling supply and demand.

Criminally Liable

The legal responsibility for committing a crime, where an individual is subject to prosecution and potential punishment under criminal law.

Subjective Fault

A legal concept pertaining to the personal and individual blame or responsibility one has due to their own mental state or intentions.

Objective Fault

involves assigning blame or legal responsibility based on the failure to meet an objective standard of care or conduct, irrespective of the actor's intent.