A Company Had the Following Results Last Year: Sales, $700,000;

question 11

Multiple Choice

A company had the following results last year: sales, $700,000; return on investment, 28%; and margin, 8%. The average operating assets last year were:

• A) $200,000
• B) $2,450,000
• C) $540,000
• D) $2,500,000

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Definitions:

Concert of Europe

An informal agreement between major European powers in the 19th century aimed at preserving the balance of power and preventing the outbreak of major wars through diplomacy.

Rotten Borough

A Rotten Borough was a term used in England to describe a parliamentary constituency with very few voters, often controlled by a single person or family, leading to unrepresentative and corrupt electoral outcomes.

Dunwich

A village in Suffolk, England, known historically as a major port in the Middle Ages before coastal erosion reduced its size and importance.

Represented in Parliament

The act of having elected officials or representatives in a legislative body who voice the interests and concerns of their constituents.