Assessing Competitiveness Flashcards
What are administrative expenses
costs relating to running a business
Who are debtors
people or businesses that owe money
What is finance cost
interest paid by a business on any borrowed money
What is finance income
Interest received by a business on any money held in deposit
What is a patent
a government authority or license for a right or title for a set of period.
What is solvency
the ability of a business to meet its debts
What is fraud
the illegal act of cheating somebody to get money
What is gearing
The ratio of a company’s loan capital to its share capital
What is a gearing ratio
Explore the capital structure of a business by comparing the proportions of capital raised by debt and equity
What is a performance indicator
A type of performance measurement that evaluates the success of an organization
What is profitability or performance ratios
the profitability of a business compared to other business
What is ratio analysis
investigation of accounts by comparing two connected figures
What is return on capital employed (ROCE)
the profit of a business as a percentage of the total amount of money used to generate it
What is window dressing
The legal adjusting of accounts by a business to present a financial picture that is to its benefit
What is absentism
Workers failing to turn up without good reasons
