Higher Business Management:

Management of People and Finance

Homework Booklet

Name:__________________________

Recruitment and Selection

1. Compare the difference between internal and external recruitment. (2)

2. Discuss the costs and benefits of internal and external recruitment. (8)

3. Discuss costs and benefits of two methods of selection. (8)

4. Describe two elements of workforce planning. (2)

5. Discuss the implications and benefits of flexible working on the organisation. (4)

( / 24)

Page 2

Training

1. Describe the relevance of training to the organisation and the employee. (1)

2. Compare ‘off-the-job’ and ‘on-the-job’ training. (2)

3. Discuss the cost and benefits of ‘off-the-job’ and ‘on-the-job’ training. (8)

4. Discuss the cost and benefits of using virtual learning facilities. (4)

5. Discuss the cost and benefits of professional development through training schemes. (4)

6. Discuss the cost and benefits of professional development through work-based qualifications. (4)

( / 23)

Page 3

Employee Relations and Employee Legislation

1. Discuss the costs and benefits of appraisals. (4)

2. Discuss the costs and benefits of flexible working practices. (4)

3. Describe the role of one external institution. (1)

4. Discuss the positive and negative impact of employee relations. (4)

5. Describe the following legislations:

The Equality Act 2010 Employment Rights Act 1996 National Minimum Wage Act 1998 Health and Safety at Work Act 1974 (4)

( / 17)

Page 4

Motivation and Leadership

1. Describe motivation theories by:

Maslow Hertzberg McGregor (3)

2. Describe three methods of motivating employees. (3)

3. Discuss the following styles of leadership:

autocratic democratic laissez-faire (12)

4. Describe two factors affecting leadership styles. (2)

( / 20)

Page 5

Sources of Finance

1. Discuss four sources of finance. (16)

2. Describe four factors selecting sources of finance. (4)

( / 20)

Page 6

Cash Budgeting

1. Describe three reasons for having a cash flow. (3)

2. Describe five solutions to cash flow problems. (5)

3. Describe the following common terms that appear on a cash budget:

Opening balance Total receipts Cash available Total payments Closing balance (5)

4. Describe four benefits of preparing a cash budget. (4)

( / 17)

Page 7

Financial Statements

1. Describe the use of an Income Statement (Trading, Profit and Loss Account). (1)

2. Describe three common terms found on an Income Statement (Trading, Profit and Loss Account). (3)

3. Describe the use of a Statement of Financial Position (Balance Sheet). (1)

4. Describe three common terms found on a Statement of Financial Position (Balance Sheet). (3)

( / 8)

Page 8

Ratio Analysis

1. Describe three reasons for the purpose of ratio analysis? (3)

2. Describe the following profitability ratios:

Gross profit percentage Net profit percentage Return on capital employed (3)

3. Describe the following liquidity ratios:

Current ratio Acid test ratio (2)

4. Describe the following efficiency ratios:

Stock turnover ratio (1)

5. Describe four limitations of ratios. (4)

( / 13)

Page 9

Technology

1. Describe the uses of technology in human resource management. (2)

2. Describe the uses of technology in financial management. (2)

3. Describe the costs and benefits of using technology. (4)

( / 8)

Page 10