Applied Business

Financial Management-

Costs-

Revenue-

A budget-

A business plan-

Cash flow-

A sole trader-

A partnership-

A company-

Shareholders-

Limited liability-

An internal source of finance-

An external source of finance-

A share-

Assets-

Trade credit-

Collateral-

Marketing-

Business objectives-

Profit-

Human resources-

Physical resources-

Financial resources-

Allocative efficiency-

Fixed costs-

Variable costs-

Total cost-

Semi-variable costs-

Revenue-

Breakeven-

Margin of safety-

Cash flow forecasts-

Cash inflows-

Cash outflows-

Trade credit-

Working capital-

Variance analysis-

An adverse variance-

A favourable variance-