The Balance Sheets at the End of Each of the First

question 110

Multiple Choice

The balance sheets at the end of each of the first two years of operations indicate the following: If net income is $115,000 and interest expense is $30,000 for 2012 what is the rate earned on total assets for 2012 (round percent to one decimal point) ?

• A) 9.3%
• B) 10.1%
• C) 8.0%
• D) 7.4%

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Definitions:

Multivoting

A decision-making technique used in groups to narrow down a large set of options to a manageable number by allowing multiple votes.

Prioritization Matrix

A tool used to rank projects, tasks, or options based on their relative importance and urgency.

Collaborative Decision Making

The process by which multiple stakeholders work together to come to a decision regarding an issue or problem.

Brainstorming

A group creativity technique in which efforts are made to find a conclusion for a specific problem by gathering a list of ideas spontaneously contributed by its members.