What is the common meaning of break-even point?

The point where you do not make or lose money

What is an annual report?

A report that shows the results and balance for the company

A management tool for controlling the financials

What is equity ratio?

It shows how much the equity makes up of total liabilities

What is profit margin?

It shows you much money you make compared to the turnover

What is IFRS short for?

International Financial Reporting Standards

What is crowd funding?

When a lot of people participate in funding the idea

The management above the daily manager/director

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Introduction to Business Economics

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Questions 16

Answers

1
Which are danish company types? (Choose one of them)
ApS
AS
AB
A/S
2
What is the danish corporate tax now?
23%
22,5%
22%
20%
3
What is the common meaning of break-even point?
The point where it pays off to work on the idea
The point where you do not make or lose money
The point where you do not have any money left in the bank
The point where the investors get back their money
4
What does the Danish word "moms" mean?
The danish word for corporate tax
Total consumer tax. The tax you pay when buying a house
The fee you pay for maternity leave
VAT - Value Added Tax
5
What is an annual report?
A report that the tax authorities makes for the company
A report that shows what you expect of the future
A larger budget for the next year
A report that shows the results and balance for the company
6
Who is Richard Branson?
British Embassador in Denmark
Founder of McDonalds
Founder of Virgin
British Prime Minister
7
What is a budget?
The management hopes for the future
A management tool for controlling the financials
Something you have to report to the tax authorities
A tool for creating the annual report
8
What is the danish moms/VAT percentage?
25%
22%
27%
20%
9
What is equity ratio?
It shows how much equity you have comparing to the turnover
It shows how much equity is necessary to start the business
It shows how big your liabilities are
It shows how much the equity makes up of total liabilities
10
What was the danish corporate tax percentage in 2017?
23,5%
27%
25%
22%
11
Who is the world's wealthiest man?
Jeff Bezos
Bill Gates
Elon Musk
Bernard Arnault
12
What is profit margin?
It shows where your break-even point is
It shows how solid the company is, when looking at the debt
It shows you much money you make compared to the turnover
It shows how much you make in profit compared to your equity
13
What is IFRS short for?
International Finishing Rational System
International Financial Reporting Standards
Internal Fiscal Reporting Standards
Internal Financial Report Selection
14
What is crowd funding?
When you receive financing from more than one bank
When you go public on the stock exchange
When the government offers you money to start up the company
When a lot of people participate in funding the idea
15
Which are company types in Denmark?
AS og KS
A/S og ApS
Inc. and Ltd.
Gmbh and AG
16
What is a board?
The auditor, the tax authority, investors and the employees
Advisors of the company, who gives suggestions
The gathering of the employees, who deal with negotiations
The management above the daily manager/director

Introduction to Business Economics Flashcards | StudBud