Module 4 - Tourism Recovery

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Question 1 of 7

1. Question
1. Which of the following statements is TRUE in describing the relationship between specific variables and the probability of insolvency in tourism enterprises?
- The larger the company, the higher the probability of insolvency.
- The younger the company, the lower the probability of a crisis/insolvency.
- The higher the working capital in relation to the balance sheet total, the lower the probability of insolvency.
- The more retained earnings a company has, the more likely it is to become insolvent.
- The higher the company's debt capital, the lower the probability of insolvency.
- The higher the equity ratio, the lower the probability of insolvency.
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Question 2 of 7

2. Question
2. Why is liquidity planning particularly challenging, yet essential in the tourism sector?
- Due to consistent demand and stable prices throughout the year.
- Because the tourism sector is often influenced by predictable factors like yearly weather patterns and scheduled events.
- Because the tourism sector faces fluctuating demand due to seasonality, variable pricing, and unpredictable external factors such as weather and pandemics.
- Due to consistently low prices and high demand throughout the year.
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Question 3 of 7

3. Question
3. What constitutes the basic structure of liquidity planning? (There is more than one correct answer)
- The total of all incoming payments plus all sales/services, and debtor payments.
- The total of all payouts including wages, salaries, social benefits, advertising, taxes such as value added tax, and other disbursements like electricity and water.
- The total of all incoming payments minus the total of all payouts.
- Both a) and b) are components of the basic structure of liquidity planning.
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Question 4 of 7

4. Question
4. Liquidity bottlenecks and the threat of over indebtedness are characteristics of a company in need of financial restructuring, true or false?
- True
- False
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Question 5 of 7

5. Question
5. Please match the word to the correct definition below:
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- Financial measures that management can implement themselves.
- Financial measures in which external stakeholders (e.g. banks , creditors , government or customers ) must be involved
- Autonomous measures:
- Heteronomous measures:
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Question 6 of 7

6. Question
6. Which of the statements below correctly describes the financial ratio n relation to its purpose and calculation for SMEs?
- Profit Margin Ratio: Measures the total sales revenue after subtracting the cost of goods sold (COGS).
- Leverage Ratios: Compare the debt to equity levels of the SME, useful for understanding changes in output and their effect on income.
- Quick Ratio: Also known as the acid test, it includes inventory in the measure of the company's ability to meet short-term financial obligations.
- Return on Investment: Provides the total amount of investment made by the company.
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Question 7 of 7

7. Question
7. True or false, Gross profit margin is a metric analysts use to assess a company's financial health by calculating the amount of money left over from product sales after subtracting the cost of goods sold (COGS).
- True
- False
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