QUESTION 1 Choose "TRUE" or "FALSE" as applicable for each of the follow items as they pertain to return on investment and related ratios. Between asset turnover and profit margin, turnover is A. TRUE the better ratio for measuring ability to control expenses incurred in generating revenue. B. FALSE Between asset turnover and profit margin, margin is the better ratio for measuring the level of revenue generated by assets invested. A business with a high ROI will always have a high asset turnover A business with a low profit margin will always have a low amount of assets invested. L-:Responsibility center operating income represents the income generated by a center after it has covered all of its own costs