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business terms 99
learning general business terms
| Question | Answer |
|---|---|
| How do you work out the acid test ratio? | (Current assets - inventories) / Current liabilities |
| How do you work out the current ratio? | Current assets / Current inventories |
| What are barriers to trade? | Usually taxes, quotas or bans that one country places on the goods of other countries to prevent or increase the cost of them entering that country. |
| What is capital intensive? | production process using a high quantity of capital equipment compared with labour input. |