INTERNAL FINANCE
(2.1..1)

What is Internal Finance
(2.1.1)

What are the Pros and Cons of Internal Finance
(2.1.1)

EXTERNAL FINANCE
(2.1.2)

What is External Finance and name 3 examples.
(2.1,2)

What are the Pros and Cons of External Finance
(2.1.2)

LIABILITY
(2.1.3)

What is Limited Liability
(2.1.3)

What is Unlimited Liability
(2.1.3)

PLANNING
(2.1.4)

What is a Business Plan
(2.1.4)

What is a Cash Flow Forecast
(2.1.4)

What are Cash Inflows
(2.1.4)

What are Cash Outflows
(2.1.4)

What is Net Cash Flow
(2.1.4)

What is Solvency
(2.1.4)

SALES FORECASTING
(2.2.1)

What is Sales Forecasting
(2.2.1)

What are the Pros of Sales Forecasting
(2.2.1)

What are the Cons of Sales Forecasting
(2.2.1)

What are the Factors affecting sales forecasts
(2.2.1)

SALES, REVENUE AND COSTS
(2.2.2)

What is the formula for Sales Volume
(2.2.2)

What is the formula for Sales Revenue
(2.2.2)

What is a Fixed Cost
(2.2.2)

What is a Variable Cost
(2.2.2)

What is a semi-variable cost

What is the 'total cost'

BREAKEVEN
(2.2.3)

What is Breakeven

What is Breakeven output

What is the breakeven point

What is the formula for Breakeven

What is the formula for contribution

What is the margin of safety

BUDGETS
(2.2.4)

What is a budget

Name 3 purposes of a budget

What is a zero-based budget

What is a variance

What is variance analysis

PROFIT
(2.3.1)

What are the three types of profit

What is gross profit and what is the formula

What is gross profit margin and what is
the formula

What is operating profit and what is the formula

What is the operating profit margin and what is the formula

What is net profit and what is the formula

What is net profit margin and what is the formula

Name 2 ways in which a company can become more profitable

LIQUIDITY
(2.3.2)

What is liquidity

What is Acid Test Ratio

What is current ratio

BUSINESS FAILURE
(2.3.3)

Name 3 internal causes of business failure

Name 3 external causes of business failure

PRODUCTION, PRODUCTIVITY AND EFFICIENCY
(2.4.1)

What is batch production

What is cell production

What is flow production

What is job production

What is lean production

Name 3 factors that affect productivity

Name 3 factors that affect efficiency

What is Kaizen

CAPACITY UTILISATION
(2.4.2)

What is capacity utilisation and what is the formula

Name 2 ways in which capacity utilisation can be improved

STOCK CONTROL
(2.4.3)

Name 3 factors that influence stock levels

What are buffer stocks

Name 3 implications of poor stock control

What is JIT stock control and name 1 pro and 1 con

QUALITY MANAGEMENT
(2.4.4)

What is quality control

What is Quality Assurance

What is Total Quality Management

LEGISLATION
(2.5.2)

Name 3 ways how consumer legislation affects businesses

Name 3 ways how employment legislation affects businesses

Name 3 ways how environmental legislation affects businesses

THE COMPETITIVE ENVIRONMENT
(2.5.3)

Name 3 things that determine competitiveness

Name 3 ways that competitiveness can affect businesses