Tricky Flashcards
Capacity Utilisation
About the use a business makes of its resources
Economic environment
Consists of key economic factors that influence the behaviour of business and their customers
Compliance costs
The expenses incurred by a business in meeting the requirements of employment and related legislation can be difficult
Competition policy
Monitor activities of monopolies and markets dominated
Dividends
Distribution of profits by a corporation to shareholders
Budgetary control
Making future plans, comparing the actual results with the planned results and investigating the causes of differences
Variance analysis
The process of calculating variances, the differences between the actual financial outcomes and those budgeted, and attempting to identify their cause
Comprehensive statement of income
A formal financial document that summarises a business trading activities and expenses to show whether its made a profit/loss
