Key term
CCEA AS-Level Business 3210
Enterprise and Entrepreneurship
The Central Purpose of Business Activity
Forms of Business Ownership
Stakeholder Groups
Markets and Market Forces
Quality Management
Topic overviewWhat is quality?Total quality management, quality assurance and quality control definedThe advantages and disadvantages of TQMThe advantages and disadvantages of quality assurance and quality controlISO 9000 certification and the quality policyQuality control and quality assurance reviewedTQM, control and assurance comparedThe approaches to quality, and the case for and against TQMQuality control and quality assurance weighedISO 9000 certification, and how quality is measuredQuality as a dimension of competitiveness
Productivity and Investment
Organisational Design
Topic overviewHierarchy, span of control, chain of command and delegationCentralised, decentralised, tall, flat and matrix structuresCentralisation versus decentralisation, delayering, and the effects of designCentralisation and decentralisation weighedTall and flat structures weighedOutsourcingCentralisation, structure and outsourcing
Investing in People
Topic overviewSuccession planning, skills audits and the factors behind people investmentThe benefits and drawbacks of investing in peopleMethods of recruitment and selectionTraining and appraisal methodsOnline recruitment and selectionOnline training and appraisalInduction training: content, benefits and drawbacksOn-the-job training: methods, advantages and drawbacksOff-the-job training: methods, advantages and drawbacksContinuing professional developmentChoosing a training methodInternal and external methods of recruitmentInternal versus external recruitment weighedThe stages of selection, and the methods usedPsychometric testing: what it measures and what it missesPsychometric testingThe purpose of appraisal, and its benefits and drawbacksTechnology in the appraisal processOnline recruitment and selection technologyOnline training and appraisal technologyThe benefits and drawbacks of online HR processes
Motivation
Topic overviewTaylor's scientific management and Maslow's hierarchyHerzberg's two-factor theory, and the limits of each theoryTaylor and Maslow reviewedHerzberg's hygiene factors and motivators in detailMonetary and non-monetary methods of motivationLeadership styles, and choosing a method of motivationThe monetary methods of paymentThe monetary methods weighed, and calculating commissionJob design, empowerment, team working and flexible workingRecognition and development, and how non-monetary methods link to theory
Principles of Management and Leadership
Market Size, Share and Growth
The Degree of Competition in a Market
Market Research
The Marketing Mix
Elasticity of Demand
The Product Life Cycle
Market Planning and Strategy
E-Business and E-Commerce
Sources of Finance
Break-Even Analysis
Cash Flow
Cash Flow Forecasts
Budgeting
Sources of Finance
- 2 subtopics
- 6 things to know
- Unit AS 2
What Sources of Finance covers
Sources of finance is examined in Unit AS 2, Growing the Business. It covers internal and external finance, and debt versus equity and the individual sources of finance, and their advantages and limits.
Where it is assessed
Unit AS 2
Growing the Business, written examination, 20% of A level.
Check the CCEA specification ↗The 2 subtopics
Each one has its own page. CCEA AS Business students sit this topic in the first year.
- Internal and external finance, and debt versus equityReducing working capital, external sources of finance and mortgage in the context of business debt finance.Open →
- The individual sources of finance, and their advantages and limitsBank loan as a form of debt finance, characteristics of a bank loan as a source of finance and overdraft as a source of finance.Open →
What you need to know
Answer each one before you reveal it.
Your recallNot started
Key term
Which businesses attract venture capital, what is share capital, and what are the advantages and limits of financing internally?
Key term
What does external debt do to financial risk, why is it taken on anyway, and what is the main advantage of external equity?
Key term
How does the sale of assets provide internal finance for a business?
Key term
Define external sources of finance.
Key term
What is a bank loan as a form of debt finance?
Take Sources of Finance further
The same content, four other ways.
Commonly confused
Pairs that lose marks when they are blurred together.
Debt finance vs Equity finance
Debt finance: borrowed money that must be repaid with interest. Equity finance: money raised by selling ownership, with no obligation to repay.
Overdraft vs Bank loan
Overdraft: a facility to draw beyond the account balance, repayable on demand. Bank loan: a fixed sum borrowed and repaid in instalments over an agreed term.
Questions from this topic
Each one with the model answer underneath.
- 1
How does the sale of assets provide internal finance for a business?
Model answer
The business sells items it owns (such as equipment, vehicles, or property) to generate cash from within the business itself.
- 2
What does reducing working capital mean as an internal source of finance?
Model answer
It involves freeing up cash tied up in the business by reducing stock levels, collecting debts faster, or delaying payments to suppliers.
- 3
Define external sources of finance.
Model answer
External sources of finance are funds obtained from outside the business, including both debt and equity financing.
- 4
What is a mortgage in the context of business debt finance?
Model answer
A mortgage is a long-term loan secured against property, where the business borrows money that must be repaid with interest over an extended period.
- 5
Define debentures as a form of debt finance.
Model answer
Debentures are long-term loans made to a company, usually with a fixed interest rate, that must be repaid by a specified date.
- 6
How does issuing ordinary shares provide equity finance?
Model answer
The company sells ownership shares to investors, raising capital in exchange for giving shareholders part ownership and a share of future profits.
What is inside Levo
Six ways to work the same material.
Sources of Finance revision questions
- Is Sources of Finance examined at AS in CCEA Business?
- Yes. It sits in Unit AS 2, which you take in the first year, so it is on the AS paper as well as counting towards the full A level.
- What does Sources of Finance cover in CCEA AS-Level Business?
- 2 subtopics: internal and external finance, and debt versus equity and the individual sources of finance, and their advantages and limits. Each one has its own page with questions and model answers.
- How is Sources of Finance organised?
- By the CCEA 3210 specification, subtopic by subtopic, so it matches the order you are taught it in.
Every question in Sources of Finance, on a schedule.
Attempt a question from memory, write the correct version, then attempt it again. Levo records the jump between your first attempt and your last, and brings each question back on the day you are due to forget it.
Or £46 a year, about £3.83 a month. Cancel anytime.