1
Q
What is budgeting
A
A financial plan for the future concerning revenues and cost of a business
2
Q
What is budgetary control
A
Process by which financial control is exceeded within an organisation
3
Q
What do budgets do
A
- establishes priorities and targets
- provide direction and co-ordination
- Motivate staff
- improve efficiency
- Control income and expenditure
Business A level
flashcards
Decks in class (62)
# Cards
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Price and Income elasticity of demand13
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Strategic Clock3
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3.10.3 Managing Strategic Implementation / Role Of Organisational Structures In Strategic Implementation6
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3.10.2 Managing Organisational Culture11
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3.10.1 Managin Change10
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3.9.4 Assesing the use of financial technology16
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3.9.3 Aseesing Internalisation29
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3.9.2 Assesing Innovation12
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3.9.1 Assesing A Change In Scale / Manegin Growth / Types And Methods Of Growth17
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3.8.2 Porters Strategies / Bowmans Strategic Clock / Comparing Strategic Positions / The Value Of Strategic Positioning21
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3.8.1 Choosing Strategic Direction17
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3.7.8 Investment Appraisal18
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3.7.7 The Competitive Enviroment16
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3.7.6 Social/Technological Change + Corporate Social Responsibility21
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3.7.5 economic factors / Fiscal and monetary policies / trade and protectionism / globalisation38
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3.7.4 Political / Legal / Economic Change37
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3.7.3 Anyalysing Internal Position20
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Using Financial Ratios 3.7.245
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3.7.2 Financial Accounts 1 and 221
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3.7.1 Mission and corporate objectives25
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3.6.5 Employee Employer Relations15
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3.6.4 Part 2 Non financial methods of motivation16
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3.6.4 Motivational Theories26
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Managing The Human Resource Flow20
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Improving Organisational Design28
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Interpreting Human Resource Data23
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3.6 Human Resource Objectives14
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3.5 Break Even Analysis13
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3.5 1 Setting Financial Objectives2
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3.53
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3.1.219
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3.1.18
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Investment Appraisal - Payback Period7
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Financial Objectives5
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Budgeting3
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Profitability5
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Sources Of Finance10
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Cash Flow14
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Gearing4
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Financial Efficiency Ratios7
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Elkington Triple Bottom2
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Year 13 - November Test20
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Understanding markets and customers7
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Making marketing decisions (segmentation, targeting, positioning)8
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Using the marketing mix5
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Boston matrix11
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Branding7
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Marketing12
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Digital marketing and e commerce3
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Budgeting8
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3.1 PP7 - Role of shareholders8
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Common business objectives2
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Profit1
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Unlimited liabilty, Limited liabilty, Sole traders3
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Ownership: Aims and objectives5
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3.317
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3.3 pt225
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Price discrimination0
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Fiscal policy11
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3.5 3 Financial objectives8
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3.5 4 return on investment objectives4
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3.5 5 Financial objectives - capital structure10
