Parrish Farms produces homemade cheese. Last year, it managed to exceed its target ROI for the current fiscal year. The following results were found on its financial statements: Gross Revenues: $250,000 Total Assets: $500,000 Gross Profits: $100,000 Total Liabilities: $200,000 Net Profits after Tax: $ 50,000 Owner's Equity: $300,000 What was the actual return on investment (ROI) for Parrish Farms?

The order of the three sequential steps involved in decision modeling is: formulation, solution, and interpretation

Indicate whether the statement is true or false

A high-priced food store replaced a discount grocery in an urban neighborhood. Older residents could not afford the higher prices, so the community organized a boycott. For months the new store was almost empty

Finally, management agreed to lower its prices, and shoppers returned. What is at work here? A) monopolistic competition B) consumer sovereignty C) economies of scale D) buyer-seller irrationality E) oligopoly