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Business Growth and Decline Flashcards | StudBud
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Business Growth and Decline
Another word for diversification is...
Involuntary Cessation occurs when.........
Business Growth and Decline
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Answers
1
Involuntary Cessation occurs when.........
An appointed liquidator converts the assets into cash
The owner is forced to ceases trading by creditors.
The owner ceases to operate the business on their own accord
An independent administrator is appointed.
2
Another word for diversification is...
Conglomerate integration
Vertical integration
Horizontal integration
Comglomerate integration
3
Once a business reaches the final stage, it is faced with three possible outcomes, these being:
Growth, Decline, Renewal
Decline, Renewal, Growth
Steady State, Decline, Closure
Steady State, Decline, Renewal
4
What has happened when a business or person is unable to pay his or her debts?
Recievership
Liquidation
Administration
Bankruptcy
5
At what stage in the business life cycle is the goal to maintain profits at pre existing levels
Establishment
Post-maturity
Maturity
Growth
6
Surplus funds are generally distributed to "what" first in the event of liquidation
Unsecured Creditors
Superannuation
Liquidator's fees
Employee Wages
7
Administrator has what experience.....
receiver and investigator
receiver, chartered accountant and investigator
interrogator and investigator
8
A company in liquidation can also be in......
Recievership
Voluntary Administration
Involuntary Administration
Realisation
9
Two main causes of business decline, particularly of SMEs are:
Lack of time and Lack of money
Lack of experience and Lack of staff
Lack of management expertise and Lack of sufficient money
10
Converting the assets of a business to cash is known as what process?
Realisation
Cessation
Undercapitalisation
