key terms 3.5-assessing competitiveness Flashcards
(9 cards)
what is the gearing ratio?
exploration of the capital structure of the business by comparing the proportions of capital raised by debt and equity
what is profitability/performance ratios?
illustration of the relative profitability of a business
what is ratio analysis?
a numerical approach to investigating accounts by comparing 2 related figures
what is a return on capital employed?
the profit of a business as a percentage of the total amount of money used to generate it
what is window dressing?
the legal manipulation of accounts by a business to present a financial picture that is to its benefit
what is labour productivity?
output per worker at a given time period
what is labour retention?
the number of employees that remain in a business over a period of time
what is labour turnover?
the rate at which staff leave a business
what is the rate of absenteeism?
the number of staff who are absent as a percentage of the total workforce
