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Flashcards in key terms 3.5-assessing competitiveness Deck (9)
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1
Q

what is the gearing ratio?

A

exploration of the capital structure of the business by comparing the proportions of capital raised by debt and equity

2
Q

what is profitability/performance ratios?

A

illustration of the relative profitability of a business

3
Q

what is ratio analysis?

A

a numerical approach to investigating accounts by comparing 2 related figures

4
Q

what is a return on capital employed?

A

the profit of a business as a percentage of the total amount of money used to generate it

5
Q

what is window dressing?

A

the legal manipulation of accounts by a business to present a financial picture that is to its benefit

6
Q

what is labour productivity?

A

output per worker at a given time period

7
Q

what is labour retention?

A

the number of employees that remain in a business over a period of time

8
Q

what is labour turnover?

A

the rate at which staff leave a business

9
Q

what is the rate of absenteeism?

A

the number of staff who are absent as a percentage of the total workforce