ABQ – Units 2, 3 & 4Look at LC 2005 especially & 2010, could be asked to do a Report in ABQ.

- Characteristics of Entrepreneurs – Control, Self-confident, Decisive, Creative/Innovated, Energetic.

- Enterprising skills –Planning/Goal setting, Assessing risk/decision making, Time management, HR,

Innovation, Reality perception, Inner control.

- Leadership styles, effect on the organisation and staff (link to Motivational theory Maslow, X&Y).

- Management Activities – POC (Planning, Organising & Controlling.

- Management Skills - LMC Leading, Motivating and Communications.

- Know Report Layout, Letter Layout, Memo, Agenda layout. The Business exam is very practical this year.

VIP Know the Business Plan – Layout (5 Headings)Look up LC Q.6 – 2006 full & Q.5 (C) 2005

1, Description of Business – Name of Company etc.

2. Organisation and Management – Management team, qualifications experience etc …..

3. Marketing and Marketing Strategies – Target market, Market research, 4P’s…….

4. Manufacturing Operations and Premises – Manufacturing process, premises, Q.C…..

5. Financial Analysis and Investment proposal, Finance requirements, Finance available…..

Signed:………… Owner of the Business

What are the benefits for an enterprise preparing a Business Plan?

Insurance - Short Question: Average Clause, know how to calculate it!

Value Insured (What you insured it for) x Loss

Value of House (Actual Value)

The average clause state that if a partial loss is suffered and the property is underinsured, then only a proportion of the amount insured will be paid.

Long Questions – State, Explain and give Examples to show your understanding of the topic!

Relationships of Stakeholders in Business Q.1 2005 (use examples).

Law of contracts, termination of a contract and redress.

Communication – Effective communication, why is it important for a business?

Does the style of Management effect the employment motivation?

What are the strategies for managing change in a business?

Reasons why a Business Enterprise might change its organisational structure?

Ratio Analysis, know all ratios either comes up as a short or long question in examination.

Calculate on the Issued Share Capital (given to Shareholders not the Authorised Share Capital.

Why would shareholders use profitability ratios when making a decision about the business? Why would a business need to prepare Ratios for a business? Discuss the different forms of finance, benefits and drawbacks of each form. 3 Ratios: 1. Profitability: ROI, Gross & Net Profit Margin.

2. Liquidity: CA:CL (2:1) & Acid Test (Quick) CA-Stock : CL (1:1).

3. Debt/Equity (Gearing): Long term Debt:Equity (OrdinaryIssued Share Capital

Reserves/Retained earnings). Comment on findings! Quote findings, numbers!!

Break Even Analysis – Q.7 2011, Q. 7 2008 and & Q.6 2005.

BE Point => Fixed Cost / CPU (Sales – Variable Costs). What happens if the Sales figure changes? Variable Costs increase? Shift in BE Point!!

Cash flow Forecast – Q.6 (B) 2007 Full Question, Q. 6 (C) 2009 Full Question & Q.5 (C) 2013 theory part question. Note need to be able to analyse the Cash flow, look at the type of business, this could determine the net cash figure which is the important figure! Have to interpret accounts only! State figures.

Community Development & Business Ethics CSR – Q.2 (C) 2012.

What are the effects of meeting Ethical, Social and Environmental Responsibilities on a firms’ revenue and costs?

Direct Foreign Investments Benefits to Ireland.

Advantages and Disadvantages of Transnational Companies in Ireland.

Reasons for Expansion? How would the business finance the expansion?

Importance of Business Expansion – Why is EU important for Ireland?

TQM– Total Quality Management, how does it benefit the business?

What are the benefits of empowerment for a business? How does it affect employee motivation?

Wages and Wages Calculation,remember USC on Gross Wages (include BIK) especially know the forms P12A, Tax Credit, P21.

Marketing Question look at 2006 Q.7 – Excellent to practice Report Layout, Stages in development of a new Product/Service, Packaging, Branding, Product Life Cycle and Channel of Distribution.

Business Plan Question 6 – 2006, excellent to practice 5 headings of business plan and cover business expansion area.