Listed Below Are Eight Accounting Terms Introduced or Emphasized in This

question 3

Essay

Listed below are eight accounting terms introduced or emphasized in this chapter: Each of the following statements may (or may not)describe one of these technical terms.In the space provided,indicate the accounting term described,or answer "none" if the statement does not correctly describe any of the terms.
(a)_______ is the amount by which operating earnings exceeds a minimum acceptable return on the average invested capital.The minimum rate of return represents the opportunity cost of using the invested capital.
(b)______ is the operating income divided by the average invested capital associated with the generation of that income.
(c)_______ is computed by dividing the operating income by the total sales for a particular business segment or product line.It tells managers the amount of earnings generated from a dollar of sales.
(d)_______ give an employee the right to purchase a pre-specified number of shares at a pre-specified price within a certain future time period.They provide incentives for managers to increase stock prices.
(e)_______ is the set of activities necessary to create and distribute a desirable product or service to a customer.
(f)_______ is a specific type of residual income.It is computed by multiplying weighted average cost of capital by total assets minus current liabilities,and subtracting that product from the after-tax operating income.
(g)_______ is a measure created by dividing sales by the average invested capital to generate those sales.It tells managers the amount of sales generated by a dollar of invested capital.
(h)_______ is a system for performance measurement that links a company's strategy to specific goals,assesses progress towards those goals,and measures specific initiatives to achieve those goals.It is a systematic attempt to create a business performance measurement process that integrates objectives across four business lenses to achieve the organization's strategic goals.

Identify the essential skills and knowledge for leading and motivating employees across diverse cultural backgrounds.

Grasp the concept and significance of a global mindset and its impact on international business operations.

Develop an understanding of the importance and execution of active listening and empathizing in professional settings.

Appreciate the value of diversity and inclusion within the workplace and its contribution to competitive advantage.

---

Definitions:

Promissory Estoppel

Promissory estoppel is a legal principle that allows a party to recover on a promise made without a formal contract, provided they have relied on that promise to their detriment.

Implied Contract

An agreement created by actions of the parties involved, not written or spoken, but inferred from their conduct.

Uniform Commercial Code

A comprehensive set of laws governing commercial transactions in the United States to standardize and simplify interstate commerce.

Innocent Consumer

A consumer who purchases or uses products or services without awareness of any wrongdoing or defects associated with them.