Premier Bank Considers Population an Effective Measure of Sales Potential

question 142

Multiple Choice

Premier Bank considers population an effective measure of sales potential for its safe deposit boxes. It has broken down the population of the U.S. by region and assigned 30 percent of the total population to the Northeastern region. If Premier has a planned sales goal of $2.5 million nationwide, and actual sales in the Northeastern region last year were $650,000, what was the Northeastern region's performance index (to the nearest whole number percent) ?

• A) 33 percent
• B) 50 percent
• C) 66 percent
• D) 75 percent
• E) 87 percent

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Definitions:

Assignment

The transfer of rights, duties, or benefits from one party to another in a contract or agreement.

Contractor

An individual or company hired to perform work or provide services for another entity under terms specified in a contract.

English Rule

A legal principle stating that the losing party in a lawsuit must pay the winning party's legal costs.

Majority Rule

A decision-making rule in which the option that receives more than half of the votes is chosen.