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.

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Definitions:

Referent Power

A form of power that stems from being admired or respected, often due to charismatic qualities or identification with the person who has the power.

Legitimate Power

The authority an individual has because of their position in an organization's hierarchy, contributing to their ability to influence others.

Coercive Power

A form of power that is based on the ability to force someone to comply through threats or punishment.

Store Manager

An individual responsible for overseeing the daily operations of a retail store, including staff management and customer satisfaction.