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).

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Definitions:

Fathers

Male parents who have a biological, adoptive, or legal relationship with a child.

Child Abuse

Physical, sexual, or psychological maltreatment or neglect of a child, especially by a parent or a caregiver.

Contributing Factor

An element or circumstance that plays a significant role in leading to a particular outcome or event.

Older Persons

Individuals who are in the later stages of their life, typically those considered senior citizens or the elderly.