The Financial Ratio Intended to Measure the Effectiveness with Which

question 61

Multiple Choice

The financial ratio intended to measure the effectiveness with which management has utilized the resources of the business,regardless of how these resources are financed,is:

• A)Gross profit rate.
• B)Current ratio.
• C)Return on assets.
• D)Return on equity.

---

Definitions:

Strategic Vision

A clear and inspiring long-term plan that outlines what an organization wants to achieve in the future and guides its decision-making processes.

Superordinate Goal

A shared goal that requires the cooperation of two or more groups or individuals, fostering collaboration and reducing conflict.

Transformational Leaders

Leaders who inspire and motivate followers to transcend their self-interests for the sake of the organization and can instigate significant changes.

Executive Symbols

Symbols or objects associated with positions of authority, often used to represent power, prestige, and the responsibilities of executives.