MrHo Talked with Mr

question 148

Multiple Choice

Mr.Ho talked with Mr.Tarr,who ran a business called Roscali Roofing.Ho agreed to pay Tarr $250 for the repair of his roof.In time,Gene Fix,Tarr's employee,came to Mr.Ho's and worked on the roof.Fix used the wrong material in the repairs,which made all his effort worthless; during the next rain,the roof leaked as before.Which of the following is true?

• A)Ho could successfully sue Fix and Tarr for breach of contract since they were both connected with the job.
• B)Ho could successfully sue only Fix or Tarr for breach of contract,whichever he chooses,but not both.
• C)Ho could successfully sue only Tarr for breach of contract.
• D)Ho could sue only Tarr because he is the one who did a poor job on the roof.
• E)If Tarr doesn't pay Fix,Fix could sue Ho directly for his pay because he worked on Ho's roof.

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Definitions:

Investment Turnover

A ratio that measures the efficiency of a company in generating sales or revenue from its invested assets.

Profit Margin

The ratio of net profits to revenues for a company, indicating the efficiency at which it can convert revenue into profit.

Return on Investment

A financial ratio that calculates the gain or loss generated on an investment relative to the amount of money invested.

Investment Turnover

A financial ratio that measures the efficiency of a company's use of its investments in generating sales revenue.