Business Terms Flashcards

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Absenteeism

Back

employee's non-attendance at work without good reason.

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Acid test ratio

Back

ratio between liquid assets and current liabilities.

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Adding value

Back

selling a product for more than it cost to produce it.

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Advertising

Back

paid-for communication with consumers which uses printed and visual media to inform and persuade consumers to buy a product.

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Annual General Meeting (AGM)

Back

a meeting for shareholders that limited companies must hold once every year.

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Appreciation

Back

a currency is said to appreciate if the value of the currency increases with respect to another currency.

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Appropriation account

Back

records the distribution of profit after tax; usually dividends and retained profit.

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Assets

Back

resources that are owned by a business.

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Autocratic leadership

Back

a leadership style where the leader makes all the decisions.

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Average costs

Back

the cost of producing a single unit of output.