The procurement team at Grape Juice Limited often use a weighted point system when ap-praising potential suppliers. What is a disadvantage of using a weighted point system?
Answer(s): A
Weighted points systems can be time consuming to create. They're very transparent and allow for objective grading of supplier bids (so these answers are incorrect). They are not easy to manipulate and this is an advantage of using them.
The gross profit of a company can be calculated by using a simple formul
gross profit = total revenue - cost of sales.Learn all you can about financial ratios and financial statements for the exam- it's a very common topic
A balance sheet will show a company's assets, liabilities and shareholder equity. What is share- holder equity?
Answer(s): C
shareholder equity = the owner/s of the organisation's residual claim once all debts have been paid. What Is Shareholder Equity (SE) and How Is It Calculated? (investopedia.com)
If a company is described as 'liquid' what does this mean?
Answer(s): D
liquid = the ability to pay short and medium term debts. In simple terms do you have more in stuff (money, assets) than you owe in debt?Understanding Liquidity and How to Measure It (investopedia.com) This is a hot topic for the exam. Learn everything in this section.
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