Customers, suppliers, lenders and the public sector.
100
What are variable costs?
Variable costs are costs that are directly dependent on the size and the composition of the sales volume.
100
How many business types are there and what are they called?
There are four different business types.
Production-, retail-, commercial- and wholesale business.
100
What is the difference between annual accounts and an annual report?
the annual accounts are just the accounts, but in the annual report a management report etc. is also attached.
100
What is an industry?
An industry is a range of different company that are supplying a homogenous good or service for a certain market.
200
What is a company's internal stakeholders?
Owners, management and employees.
200
What are fixed costs?
Fixed costs are costs not directly determined by the size and the composition of the sales vloume.
200
What is the difference between perfect competition and monopoly?
Monopoly is when one large business dominates the market and the large business determines the price.
Perfect competition is the opposite of that. a lot of small companies and the price is determined by the market.
200
What does innovation and entrepeneurship mean?
Innovation: new business opportunities behind a new idea
Entrepeneurship: the starting of a new company
200
What is a payment?
A payment is when a customer pays for the goods
300
What is a balance sheet?
A balance sheet shows the company's assets and liabilities at a specific date
300
Nævn én eller flere omkostningsposter fra en funktionsopdelt resultatopgørelse
Produktion
Distribution
Administration
300
What is the difference between liabilities and assets?
An assets is the company's investments(tied-up fund) and a liability is the company's capital aquisition(financing)
300
What is the purpose of shareholder value?
Shareholders value means that the company creates value for the shareholders (owners) of the company.
300
What is the "real economic circuit"?
The real economoc circuit illustrates how the different sector trades goods and services with each other.
400
What is a profit and loss account?
A profit and loss account is a statement of the company's earnings for a specific time period
400
What are calculated fixed costs?
The calcultated fixed costs are costs where the payment of the good is at a different time than the consumption/use of the good
400
What does the contribution margin per unit show?
The contribution margin per unit shows how much the company earns when they sell one unit of the product. .
400
True or false: a debit balance is increased by crediting the balance?
False - you must debit the balance
400
What does the return on investment show?Hvad viser fkastningsgraden?
It shows the profitability of the company's investments.
500
True or false: the business concept is the strategic foundation on which the company is run over a longer period of time?
true
500
What is the difference between an expense and a cost
Costs are incurred when you consume/use the productive assets.
Expenses are incurred the moment the copmany aquire productive assets.
500
How do you calculate the contribution margin?
contribution margin= net turnover - variable costs
500
What is a conglomerate?
A conglomerate is a company where the parent company and the subsidiary company are doing business within different industries.
500
How do you define an income?
An income occurs when a company sells and delivers a good to a company.