Olayan Group - Business Acumen - Pre-Assessment

Dear Participant,

Please take 10 minutes to answer the Pre-Assessment. And kindly read the questions carefully before you submit your answers.

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* 1. Please write your name

First Name

Last Name

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* 2. A current asset is:

A) An item currently owned by the firm

B) An item that the firm expects to own within the next year

C) An item currently owned by the firm that will convert to cash within the next 12 months

D) The amount of cash on hand the firm currently shows on its balance sheet

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* 3. Profit retained in the business always results in increased….

A) Cash

B) Share Capital

C) Debtors

D) Shareholders’ equity

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* 4. An Air B&B’s revenue for 2023 is $269,685, with cost of sales at $201,185 and total expenses of $50,431. Revenue in 2023 was 15% higher than in 2022. Gross profit margin and net profit margin in both years were the same. What were the Air B&B’s total expenses in 2022.

A) $43,853

B) $15,712

C) $57,996

D) $59,565

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* 5. What amount would you put into Cost of Sales in the income statement given the following: Sales 120,000 Telephone 1,200 Marketing 2,300 Opening stock 3,000 Stock purchases 20,000 Consumables purchase 10,000 Closing stock 5,000

A) 19,200

B) 31,500

C) 30,000

D) 18,000

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* 6. XYZ Ltd sells two products. Sales for product X were 39,870 and cost of sales came to 70% of sales. Sales for Product B were 56,700 and cost of sales on this product amounted to 28,100. Calculate the overall gross profit % for XYZ Ltd.

A) 49.6%

B) 42.0%

C) 30%

D) 58%

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* 7. A company's generic competitive strategies are:

A) Cost leadership, differentiation, and focus

B) Market penetration, market development, and product development

C) Mergers, acquisitions, and joint ventures

D) All of the above

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* 8. The VUCA environment is characterized by:

A) Rapid change, uncertainty, complexity, and ambiguity

B) Stability, predictability, simplicity, and clarity

C) A lack of change, uncertainty, complexity, and ambiguity

D) None of the above

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* 9. Which of the following is an example of a VUCA event?

A) The COVID-19 pandemic

B ) The global financial crisis of 2008

C) The rise of artificial intelligence

D) All of the above

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* 10. Horizontal analysis:

A) compares financial statement items over time

B) expresses each financial statement item as a percentage of a base amount

C) is also known as trend analysis

D) all of the above

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* 11. Vertical analysis:

A) compares financial statement items over time

B) expresses each financial statement item as a percentage of a base amount

C) is also known as trend analysis

D) none of the above