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Which one of the following is a correct statement about residual income? Its goal is to maximize profits of an investment centre. It is less

Which one of the following is a correct statement about residual income?

Its goal is to maximize profits of an investment centre.

It is less effective for evaluating investment centres than ROI.

It is the ratio of controllable margin to the minimum rate of return on average operating assets.

It evaluates performance by comparing the return of an investment centre with the companys minimum rate of return.

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