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Business and Finance
Multiple Choice
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Terminology 0002
Correct answers are highlighted in blue
1.
For what does the T stand in a business SWOT analysis?
Tactics
Tax
Threats
Turnover
Strenths, Weaknesses, Opportunities and Threats
2.
Taking a new product into a new market is known as what?
Diversification
Market Development
Market Penetration
Product Development
3.
In business, what is a Gearing ratio?
Borrowing versus Capital Employed
Creditors versus Cash & Debtors
Liabilities versus Current Assets
Working Capital versus Assets
4.
What is the USP of a business?
Underlying Survival Point
Uniform Safety Policy
Unique Selling Proposition
Universal Sales Promotion
5.
In the area of insolvency, what is a CVA?
Company Voluntary Arrangement
Contingent Voluntary Arrangement
Controlled Voluntary Arrangement
Creditors' Voluntary Arrangement
6.
In the financial analysis of a business, how is Interest Cover calculated?
Net Profit added to Loan Interest
Net Profit divided by Loan Interest
Net Profit minus Loan Interest
Net Profit times Loan Interest
7.
In marketing, what does Ansoff's Matrix help to analyse?
Business Structure
Gearing
Growth Planning
Product Portfolio
Existing v New Customers and Products
8.
What action is taken to insure against exchange rate fluctuations?
Fencing
Fire Walling
Hedging
Trenching
9.
In business, what is understood by SWIFT?
A method of buying vehicles
A method of minimising taxes
A method of raising capital
A method of transferring funds
Society for Worldwide Interbank Financial Telecommunications
10.
What is a product called with low market share in a low-growth market?
Dog
Donkey
Sloth
Snail
A "dog" is so-called because it needs either waking up or kicking out
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