The Amount of Time It Takes a Business to Earn

question 2

Multiple Choice

The amount of time it takes a business to earn back the funds it paid out to obtain a capital asset is called:

• A)return on sales.
• B)net profit margin.
• C)ROI.
• D)payback period.

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Definitions:

National Income

The total amount of money earned within a country from the production of goods and services over a specific period, typically one year.

Strike

A strike is a collective action undertaken by workers refusing to work, aiming to gain concessions from their employer regarding wages, conditions, or policies.

Union

An organized association of workers formed to protect and further their rights and interests; a labor union.

Management

The process of planning, organizing, leading, and controlling resources to achieve organizational goals effectively and efficiently.