QUESTION 5 Which of the following is NOT a disadvantage of decentralized operations? a. Duplication of purchases of assets. b. Decisions made by a manager may adversely affect the overall profitability of the company. c. Duplication of operations. d. Allows managers closest to operations make decisions. QUESTION 6 The profit margin is the ratio of: a. income from operations to sales. b. income from operations to invested assets. c. sales to invested assets. d. assets to liabilities. QUESTION 7 By converting dollars to be received in the future into current dollars, the present value methods take into consideration that money: a. has an international rate of exchange. b. is the measure of assets, liabilities, and stockholders' equity on financial statements. c. is the language of business. d. has a time value