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
What is capital gain
the profit made from selling a share for more than it was bought
What is consultation
Listening to the views of employees before making key decisions that affect them
What is labor retention
The number of employees who remain in a business over a period of time
What are quality circles
Where workers are given time to meet regularly to discuss work issues such as solving problems
