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Definiti
ons
· Types
Research
of
· Recruit
Market
researc
ment
h
and
selectio
t
n
·
· Trainin
Managemen
Definiti
g
ons
Resource
·
· Internal
Employ
Human
sources
er
of
obligati
finance
of Finance
ons
and and Sources
external
sources
Cash Flow
of
finance
s…read more

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Cash flow
The flow of money into and out of a business in
a given time period
Businesses construct cash flow forecasts to
prepare for the future
If revenue exceeds costs, the cash flow is
positive, and the business is making a profit
If costs exceed revenue, the cash flow is
negative, and the business is making a lost…read more

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Source of finance External/Internal Short/long term
Existing capital Internal Short term
Reinvested profit Internal Short term
Sale of an asset Internal Short term
Bank overdraft External Long term
Loan capital External Long term
Share capital External Long term
Trade credit External Short term
Venture capital External Long term…read more

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The amount of finance and sources of
finance a business can obtain depends on:
The type of business a plc has access to
shareholders, as opposed to a sole trader
The stage of development new businesses
are seen as a more risky investment to banks
than an already established one
The state of the economy boom or
recession?…read more

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Human Resource Management ­
Recruitment
Concerned with filling a job vacancy
A business will provide a job description and a
person specification
A job description gives the title of the post,
details of main duties and who the person will
report to
A person specification identifies abilities,
qualifications and qualities required of the
applicant
Internal recruitment using existing
employees…read more

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