Which of the following would be the focus of a business aiming to reduce expenses? a)Changing task design b) Differentiating its product c) Establishing cost leadership d) Developing quality expectations
c) Establishing cost leadership
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5
What is needed to start a buinsess?
Money
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5
Which of the followoing is an example of legal compliance for a sports store? a)Paying taxes on time b)Offsetting carbon emissions c)Induction of new employees d)Paying dividends to shareholders
The efficiency of a business can best be determined by which of the following? a)Gross Profit ration b)Value of Current assests c) Value of current liabilities d)Accounts recievable turnover ratio
d)Accounts recievable turnover ratio
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10
Name one type of ordinary share issue.
New issue, right issue, placements, share purchase plan
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5
A sole trader invests $500000 into her own business. What is this an example of? a) Efficiency b) Growth c) Liquidity d) Solvency
d) Solvency
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10
Name TWO of the Ratios.
Current, Debt to equity, profit, expense
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10
Name THREE types of finacial institutions
Banks, investment banks, finance companies, superannuation funds, unit trusts