Rent-A-Center Selected Data from the Financial Statements Are Provided Below

question 25

Multiple Choice

Rent-a-Center Selected data from the financial statements are provided below:
$\begin{array}{lll}& \underline { 2015 }& \underline { 2014 }\\\text { Current Assets } & \$ 12,000 & \$ 6,000 \\\text { Long-T eim Assets } &14,000 & 8,000 \\\text { Current Liabilities } &4,000 & 6,000 \\\text { Long-T em Liablities } &14,000 & 0 \\\text {Stockholder's' Equity } &8,000 & 8,000 \\\text { Net Sales } &19,000 & 18,200 \\\text { Net Income } &2,000 & 1.000\end{array}$

-Refer to Rent-a-Center.What is the company's asset turnover ratio for 2015?

• A)0.73
• B)0.95
• C)1.3
• D)2.4

Grasp the essentials of persuasive communication and its role in leadership and negotiation.

Understand the relevance of cross-cultural competence in effective communication and negotiation.

Identify the effective use of communication networks and styles for efficient leadership and task accomplishment.

Understand the concept and significance of goal setting in business, particularly in the context of quality, market share, customer satisfaction, and employee welfare.

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Definitions:

Goal-Setting Theory

A motivational theory that emphasizes the setting of specific, measurable, achievable, relevant, and time-bound (SMART) goals to enhance performance.

Acquired-Needs Theory

A motivational model that suggests people's needs are acquired over time and are shaped by life experiences, including needs for achievement, affiliation, and power.

ERG Theory

is a motivational theory proposed by Clayton Alderfer that categorizes human needs into three groups: Existence, Relatedness, and Growth, suggesting that more than one need can be motivational at the same time.

Need for Power

A personal drive and motivation to influence, control, or have authority over others.