key terms 3.5-assessing competitiveness Flashcards
what is the gearing ratio?
exploration of the capital structure of the business by comparing the proportions of capital raised by debt and equity
what is profitability/performance ratios?
illustration of the relative profitability of a business
what is ratio analysis?
a numerical approach to investigating accounts by comparing 2 related figures
what is a return on capital employed?
the profit of a business as a percentage of the total amount of money used to generate it
what is window dressing?
the legal manipulation of accounts by a business to present a financial picture that is to its benefit
what is labour productivity?
output per worker at a given time period
what is labour retention?
the number of employees that remain in a business over a period of time
what is labour turnover?
the rate at which staff leave a business
what is the rate of absenteeism?
the number of staff who are absent as a percentage of the total workforce
