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HBM Management of People & Finance - Mr McAloon Flashcards | StudBud
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HBM Management of People & Finance - Mr McAloon
HBM Management of People & Finance - Mr McAloon
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November
Flashcards
35 cards
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Questions
35
Answers
1
Training for new employees to familiarise them with the business, job, H&S and other policies
On-the-job training
Staff training
Induction training
Off-the-job training
2
Terms that appear on a statement of financial position
Current assets
Profit for the year
Gross profit
Current liabilities
3
Employees work from home but keep in touch via the use of ICT:
Third spaces
Homeworking
Flextime
4
Measures the amount of times a business re-stocks during the year
Stock turnover percentage
Rate of stock turnover
Current ratio
ROCE
5
Problem: Negative closing balance. Solution?
Arrange more finance in the long-term
Switch to cheaper premises
Arrange more finance in the short-term
Make staff redundant
6
Source(s) of Finance suitable for a PLC
Trade credit
Debentures
Share issue
Retained profits
7
Identify the advantage(s) of staff appraisals:
Unrealistic targets can be set which increases pressure
Time consuming but enjoyable
Targets will be set for the employee
Training needs can be identified
8
Maslow's hierarchy of needs include:
Psychological needs
Safety and security
Self-actualisation
Self-esteem
9
Identify the SOF: a business can buy an asset paying an initial deposit
Mortgage
Bank loan
Hire purchase
Leasing
10
Measure cash situation or the business and its ability to pay its short-term debts
Efficiency ratios
Liquidity ratios
Profitability ratios
11
Limitation(s) of ratio analysis
Historical
Excludes internal factors
Difficult to analyse
Excludes external factors
12
Humans have five sets of needs which come in a particular order
Maslow
McAloon
Hertzberg
McGregor
13
Shows the profit made once expenses have been deducted
Profit for the year percentage
Return on capital employed (ROCE)
Gross profit percentage
14
Communication and employee participation are key in this leadership style
Laissez-faire
Autocractic
Democratic
15
Identify the SOF: money often given to a business from the government
Grant
Business angel
Mortgage
Bank loan
16
Training takes place within the organisation, often provided by more experienced staff
On-the-job training
Induction training
Off-the-job training
Staff training
17
Minimum Wage for employees over 21 from April 2024
£11.44
£10.42
£7.49
£7.00
18
Advanced motivation methods include:
Development opportunities
Incentives
Good working conditions
Staff appraisals
19
The impact of industrial action on an organisation may include:
Production slowing or halting
Damaged reputation
Loss of customers
Loss of profits
20
X is a concern, problem or complaint raised by an employee
Redundancy
Discipline
Dismissal
Grievances
21
Is a bank overdraft a long or short term source of finance?
Long
Short
22
Identify the source of finance: loan(s) borrowed from individuals through the stock market
Bank loan
Debentures
Hire purchase
Bank overdraft
23
Which of these is NOT a method of testing candidates?
Aptitude
Medical
Functional
Psychometric
24
Document that outlines the skills, qualities and experience of the ideal candidate for a job
Job Advert
Job Description
Person Specification
CV
25
Shows the profit made from buying and selling stock
Gross profit percentage
Profit for the year percentage
Return on capital employed (ROCE)
26
Organisations that invest in established businesses in return for equity
Dragons
Stakeholders
Business angels
Venture capitalists
27
The act covers nine protected characteristics
Equality Act 2010
Employment Rights 1996
National Minimum Wafe Act 1998
Health & Safety at Work Act 1974
28
Minimum Wage for under 18s:
£6.40
£4.50
£4.05
£7.50
29
Employees only complete the tasks specified in their contract or job description
Go slow
Sit in
Work to rule
Strike
30
Identify the SOF:allows the org to sell stock & earn profit before the invoice needs to be paid
Hire purchase
Trade credit
Leasing
Loan
31
When a trade union cannot come to an agreement, the organisation can involve:
CBI
ACAS
Trade unions
EIS
32
Solution to increasing expenses...
Sell debts to a factoring company
Hire more staff
Look for new supplier
33
A business sells its unpaid customer invoices to a company
Leasing
Venture capitalists
Debt factoring
Debentures
34
Basic motivation methods include:
Permanent contracts
Staff appraisals
Fair pay
Recognition
35
Financial statement which shows what the business owns and owe
Income statement
Statement of financial position
Cash budget
Trading, Profit & Loss account
