Business Fundamentals

Question 1

Cyclical

Answer 1

Adjective referring to a business or stock whose income, value, or earnings fluctuate greatly according to variations in the economy or the cycle of the seasons: Selling Christmas decorations is a cyclical business.

Question 2

EBITDA

Answer 2

Earnings before interest, tax, depreciation and amortization: EBITDA is used as a measure of profitability in valuing a company and comparing its financial performance with other firms.

Question 3

Flawlessly

Answer 3

Describes an action done without any mistakes or faults: He speaks English flawlessly and is a very confident presenter

Question 4

Screen

Answer 4

Verb (transitive) - to get information to decide whether someone is suitable for something, for example a job: Recruiters are starting to use social media to screen job candidates

Question 5

SG&A

Answer 5

Selling, general & administrative expenses: SG&A is found on a corporate income statement as a deduction from revenues in calculating operating income

Question 6

Slump

Answer 6

A period when an economy is much less successful than before and people lose their jobs

Question 7

Trough

Answer 7

A period when something that rises and falls regularly is at a low level, especially economic activity: We try to adapt to peaks and troughs in demand