All of the following ratios are considered measures of profitability except:
A. Earnings per share.
B. Gross profit rate.
C. Price earnings ratio.
D. Return on assets.
C
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"Market failure" is likely to occur when _______.
A. there is only a small number of firms in a market B. it is extremely difficult to directly measure the quality of products C. potential exchange partners are highly opportunistic D. all of the above
Which of the following statements pertaining to SIMPLE plans is NOT correct?
A) SIMPLE plans allow employers to set up tax-favored retirement savings plans for their employees without having to comply with complicated qualification requirements. B) All employees are fully and immediately vested in SIMPLE plans. C) SIMPLE plans may be structured like IRAs or 401(k) plans. D) These plans are reserved for employers with 500 or more employees.