Business Syllabus Flashcards

(64 cards)

1
Q

Limitations of Financial Reports (4)

A

Normalised Earnings, Capitalised expenses, Valuing assets, Timing issues

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2
Q

Objectives of Finance (5) (PGELS)

A

Profitability, Growth, Efficiency, Liquidity, Solvency

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3
Q

Working Captial Management - Control of current Assets (3)

A

Cash, Receivables, Inventories

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4
Q

Financial Influences (4)

A

Internal and External sources of finance, Financial institutions, Government, Global Market

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5
Q

HR Strategies - Global (3)

A

Costs, Skills, Supply

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6
Q

Marketing Influences (3)

A

Factors influencing customer choice, Consumer laws, Ethical behaviour

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7
Q

Financial Influences - Global Market Influence (3)

A

Economic Outlook, Availability of Funds, Interest Rates

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8
Q

Consumer Laws (WIPD) (4)

A

Warranties
Implied conditions
Price discrimination
Deceptive and Misleading Marketing

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9
Q

HRM Strategies (8)

A

Leadership Style, Job Design, Recruitment, Training and Development, Performance management, Rewards, Global, Workplace disputes

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10
Q

Examples of Indicators (6)

A

Corporate Culture, Changes in Staff turnover, Absenteeism, Accidents, Level of Disputations, Worker satisfaction

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11
Q

Financial Institution (4)

A

Banks, Investment Banks, Superannuation, ASX

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12
Q

HR Strategies - Job design (2)

A

General or Specific tasks

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13
Q

Price, -Methods (3) and Strategies (4)

A

Methods: Cost, Market, Competition-Based Pricing
Strategies: Skimming, Penetration, Loss Leaders, Price Points

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14
Q

Inventory Management (3)

A

Just in Time, First in First out, Last in First out

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15
Q

HR influences - Social (2)

A

Changing work pattern, Living standards

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16
Q

Internal Finances (1)

A

Retained Profits

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17
Q

Financial Ratios (4)

A

Liquidity: Current Ratio
Gearing: Debt to Equity Ratio
Profitability: Gross Profit, Net Profit Ratio
Efficiency: Expense and Accounts Receivable Turnover Ratio

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18
Q

Place/Distribution - Channel Choice (3) and Physical distribution (3)

A

Channel Choice: Intensive, Selective, Exclusive

Physical Distribution: Transport, Warehousing, Inventory

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19
Q

Finance - Influence of Government (2)

A

Australia Securities and Investment Commission, Company Taxation

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20
Q

Types of Markets (6)

A

Resource, Industrial, Intermediate, Customer, Mass and Niche

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21
Q

Strategic Role of Operations (2)

A

Cost leadership, Good/Service Differentiation

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22
Q

Global Factors (4)

A

Global Sourcing, Economies of Scale, Scanning and Learning, Research and Development

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23
Q

HR Strategies - Workplace Disputes (NMCA) (6)

A

Grievance Procedure, Negotiation, Mediation, Conciliation, Arbitration, Involvement of Courts

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24
Q

Supply Chain Management (3)

A

Logistics, E-Commerce, Global sourcing

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25
Inputs (2)
Transformed resources (Materials, Customers, Information), Transforming resources (HR and Facilities)
26
HR Strategies - Recruitment (4)
Internal or External, General or Specific Skills
27
Products (2)
Branding, Packaging
28
HR Strategies - Training and Development (2)
Current and Future Skills
29
Cash flow management (4)
Cash flow Statements, Distribution of payments, Discounts for early payment, Factoring
30
Financial Management Strategies (4)
Cash flow Management, Working Capital Managment , Profitability management, Global Financial Management
31
External Finances - Equity (2) (1)
New Issues, Rights Issues | Private Equity
32
Overcoming Resistance to Change (5)
Purchasing new Equipment, Redundancy payments, Retraining, Reorganising plant layout, Inertia
33
Marketing Strategies (8)
``` Market Segmentation, Product differentiation and Positioning Products Price Promotion Place/Distribution People, Processes and Physical Evidence E-Marketing Global Marketing ```
34
Approaches of Marketing (3)
Production, Selling, Marketing
35
Quality Management (3)
Quality: - Control - Assurance - Improvement
36
Working Captial Management - Strategies (2)
Leasing, Sale and Leasing back
37
HR Strategies - Performance Management (2)
Developmental and Administrative
38
Transformation Processes (4)
4Vs, Sequencing and Scheduling, Technology, Task Design and Process layout, Monitoring, Controlling and Improvement
39
Outputs (2)
Customer service, Warranties
40
Processes of Financial Management (5)
Planning and Implementing, Monitoring and Controlling, Financial Ratios, Limitations of financial reports, Ethical Issue related to financial report
41
External Finances - Debt Short-term (3)
Overdraft, Commerical Bills, Factoring
42
Operation Strategies (9)
``` Performance objectives New product design and development Supply chain management Outsourcing Technology Inventory management Quality management Overcoming resistance to Change Global Factors ```
43
Factors influencing customer choice (4)
Psychological Sociocultural Economic Government
44
Global Marketing (5)
``` Global Branding Standardisation Customisation Global Pricing Competitive Positioning ```
45
Profitability Managment - Cost controls (3)
Fixed and Variable, Cost centres, expense minimisation
46
Ethical (THFS) (4)
Truth, Accuracy and Good taste in Marketing Products that may damage Health Engaging in Fair Competition Sugging
47
Planning and Implementing (5)
Financial needs, Budgets, Record Systems, Financial Risks, Financial controls
48
HR Strategies - Rewards (5)
Monetary or Non-monetary, Individual or Group, Performance Pay
49
HR influences - Legal (3)
Employment contract/Common Law, WHS and worker compensation, Antidiscrimination and Equal employment opportunity
50
HRM Processes (ADMS) (4)
Acquistion, Development, Maintenances, Seperation
51
Marketing Process (6)
``` Situational Analysis Market Research Establishing Market Objectives Identifying Target Markets Developing Marketing Strategies Implementation, Monitoring and Controlling ```
52
HR Influences (6)
Stakeholders, Legal, Economic, Technological, Social, Ethics and CSR
53
External Finances - Debt Long-term (4)
Mortgages, Debentures, Unsecure Notes, Leasing
54
Promotion - Elements of Promotion mix (6) and Communication process (2)
Elements of Promotion Mix: Advertising, Personal selling, Relationship marketing, Sales promotion, Publicity and Public relations Communication Process: Opinion Leaders, Word of Mouth
55
Methods Of International Payments (4)
Payments in Advance, Letter fo credit, Clean payment, Bill of exchange
56
Effectiveness of HRM (1)
Indicators/Benchmarking
57
Operations Influences (8)
``` Globalisation Technology Quality expectation Cost-Based competition Government policies Legal regulation Environmental sustainability Corporate social resposibility ```
58
Operation Process (3)
Inputs, Transformation processes, Outputs
59
Monitoring and Controlling (3)
Cash Flow Statements, Income Statements, Balance Sheets
60
Technology (2)
Leading Edge, Established
61
Working Captial Management - Control of current Liabilities (3)
Payables, Loans, Overdrafts
62
HR influences - Stakeholders (6)
Employers, Employees, Employer Associations, Unions, Government organisation, Society
63
Global financial Management (5)
Exchanges Rates, Interest rates, Methods of international Payments, Hedging, Derivatives
64
Performance Objectives (6)
Quality, Speed, Customization, Dependability, Flexibility, Cost