What is debt factoring?

A business buys your debt at a lower price

Average no of staff absent / total no of staff x 100

Net Profit / Capital Invested x 100

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BUSS 2 revision

24 termsStudBud Administration122 plays

BUSS 2 revision

Flashcards24 cardsFPractice quizPHost liveL

Questions 24

Answers

1
Net Profit Margin?
Net Profit / Total Revenue x 100
Fixed Costs / Total Revenue x 100
Variable Costs / Net profit x 100
Net Profit x Total Revenue x 100
2
Favourable budgets are?
The same
More revenue
Better than expected
Worse than expected
3
What PED would this product have: -0.5?
Elastic
Inelastic
4
A small targeted section of a larger market is known as a ....... market?
Quantitative
Qualitative
Niche
Mass
5
What does USP stand for?
Unique Selling Power
Unique Selling Point
Unique Savings Power
Universal Selling Point
6
Labour Turnover?
No of staff leaving x Average no of employees
No of staff leaving / Average no of employees x 100
Average no of employees / Fixed costs x 100
7
What does TQM stand for?
Total Quantity Management
Total Quality Management
Total Quality Maslow
Total Quality Managers
8
Unit Cost?
Output / Fixed Costs
Total Costs / Output
Fixed Costs / Total Output
Output / Sales
9
The main problem with budgets is?
They are biased
They are set before the event
They are set after the event
They use the wrong figures
10
Capacity Utilisation
Current Output / Maximum Output x 100
Output / Total Costs
Current Output / Fixed Costs x 100
Maximum Output / Total Costs
11
Job enrichment?
More friends
More tasks
More money
More responsibility
12
An adverse budget is?
Minus what was expected
Better than expected
Worse than expected
The same as expected
13
Job Enlargement?
More tasks
More friends
More responsibility
More money
14
What is debt factoring?
Fractions
A company that deals with your debt
A business buys your debt at a lower price
A bank
15
Absenteeism?
Average no of staff / Average no of days absent x 100
Average no of staff absent / total no of staff x 100
Average no of staff absent / Average no of staff
Average no of days worked / Average no of staff absent
16
Labour productivity formula?
Total Output / Total Costs
No of Employees / Variable Costs
Output / Fixed Costs
Total Output / No Of Employees
17
Give an example of an organisational structure?
Total
Hierachical
Fixed
Hexen
18
What PED would this product have: -3.2?
Elastic
Inelastic
19
Return on Capital?
Variable Costs / Fixed Costs x 100
Fixed Costs / Capital Invested x 100
Net Profit / Capital Invested x 100
Capital Invested / Total Costs x 100
20
Which of the following is not a way to improve cash flow problems?
Debt Factoring
Put prices up
Sale and lease back of asset
Bank Loan
21
Which is not one of the 4 P's
Price
Power
Promotion
Place
22
Which 2 ways can a business improve profitability?
Increase Prices
Lower Costs
Lower Profits
Raise Costs
23
Which is not part of the Boston Matrix?
Sheep
Dog
Star
Cow
24
Net profit?
Total Revenue - Variable Costs
Total Revenue - Total Costs
Variable Costs - Total Revenue
Total Revenue - Fixed Costs

BUSS 2 revision Flashcards | StudBud

BUSS 2 revision

24 termsStudBud Administration122 plays

BUSS 2 revision

Flashcards24 cardsFPractice quizPHost liveL

Questions 24

Answers

1
Net Profit Margin?
Net Profit / Total Revenue x 100
Fixed Costs / Total Revenue x 100
Variable Costs / Net profit x 100
Net Profit x Total Revenue x 100
2
Favourable budgets are?
The same
More revenue
Better than expected
Worse than expected
3
What PED would this product have: -0.5?
Elastic
Inelastic
4
A small targeted section of a larger market is known as a ....... market?
Quantitative
Qualitative
Niche
Mass
5
What does USP stand for?
Unique Selling Power
Unique Selling Point
Unique Savings Power
Universal Selling Point
6
Labour Turnover?
No of staff leaving x Average no of employees
No of staff leaving / Average no of employees x 100
Average no of employees / Fixed costs x 100
7
What does TQM stand for?
Total Quantity Management
Total Quality Management
Total Quality Maslow
Total Quality Managers
8
Unit Cost?
Output / Fixed Costs
Total Costs / Output
Fixed Costs / Total Output
Output / Sales
9
The main problem with budgets is?
They are biased
They are set before the event
They are set after the event
They use the wrong figures
10
Capacity Utilisation
Current Output / Maximum Output x 100
Output / Total Costs
Current Output / Fixed Costs x 100
Maximum Output / Total Costs
11
Job enrichment?
More friends
More tasks
More money
More responsibility
12
An adverse budget is?
Minus what was expected
Better than expected
Worse than expected
The same as expected
13
Job Enlargement?
More tasks
More friends
More responsibility
More money
14
What is debt factoring?
Fractions
A company that deals with your debt
A business buys your debt at a lower price
A bank
15
Absenteeism?
Average no of staff / Average no of days absent x 100
Average no of staff absent / total no of staff x 100
Average no of staff absent / Average no of staff
Average no of days worked / Average no of staff absent
16
Labour productivity formula?
Total Output / Total Costs
No of Employees / Variable Costs
Output / Fixed Costs
Total Output / No Of Employees
17
Give an example of an organisational structure?
Total
Hierachical
Fixed
Hexen
18
What PED would this product have: -3.2?
Elastic
Inelastic
19
Return on Capital?
Variable Costs / Fixed Costs x 100
Fixed Costs / Capital Invested x 100
Net Profit / Capital Invested x 100
Capital Invested / Total Costs x 100
20
Which of the following is not a way to improve cash flow problems?
Debt Factoring
Put prices up
Sale and lease back of asset
Bank Loan
21
Which is not one of the 4 P's
Price
Power
Promotion
Place
22
Which 2 ways can a business improve profitability?
Increase Prices
Lower Costs
Lower Profits
Raise Costs
23
Which is not part of the Boston Matrix?
Sheep
Dog
Star
Cow
24
Net profit?
Total Revenue - Variable Costs
Total Revenue - Total Costs
Variable Costs - Total Revenue
Total Revenue - Fixed Costs