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What is economic analysis?
Economic analysis is the process of studying and evaluating economic phenomena, trends, and behaviors to understand how individuals, businesses, governments, and other entities make decisions in the context of scarce resources.
Which factors influence the analyzed object?
Internal and external factors
What is current analysis?
Current analysis is an analysis of the economic activity of an enterprise based on officially accepted reports, usually monthly, quarterly, annual and for several years.
What are the different volume indicators representing the production and sale of a product
gross, commodity, sold, net and standard net product
What is an audit?
An audit is an independent examination of financial statements, systems, and operations
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What does the gross product of an enterprise include?
a) Only finished goods
b) Goods, work in progress, semi-finished products, and tools
c) Only raw materials
d) Only sold products
B
Cost-Effectiveness Analysis is...?
Determining the cost-benefit of different business activities.
What is synthesis?
Combining smaller components or ideas into a whole. It’s the opposite of analysis
What is prospect analysis?
Prospect analysis is an analysis carried out in order to study the future activities of an economic entity in advance and determine the processes that will occur.
How we measure labor productivity ?
by the amount of output produced by workers per unit of time (hour, shift, month, quarter, year) or the time spent on producing one unit of output.
Formula of growth rate?
(Sales in current year - Sales in previous year)/Sales in previous year *100
What is deduction ? Give an example
The process of reasoning from general principles to specific conclusions.
For instance, if demand decreases, a deduction would lead you to expect lower prices.
What is Functional-value analysis ?
Functional-value analysis: Minimizing unnecessary and excessive costs to reduce product costs should be taken into account in all aspects of product design and production.
What is Conditional-natural indicator? Give an example?
Conditional-natural indicators are based on bringing different products to a single size. For example, tractors are calculated as 15 horsepower.
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Distinctive features of the economic analysis method includes...?
Systematic approach, Numerical representation, Forecasting, Comprehensive approach
What is the most important source of information for economic analysis?
Accounting and reporting
What is material turnover ?
A generalized indicator expressing the level of rational and efficient use of material resources is material turnover. It shows how many products are produced for one sum of material costs.