Techniques for Business Decisions
Techniques for Business Decisions
Source materials for intending PSIM students
1. | be able to present data in tabular and graphical form | TBD1 |
2. | be able to reduce data to statistical measures and explain their meaning | TBD2 |
3. | use the techniques above to analyse data, describe underlying patterns and relationships and propose hypotheses | TBD3 |
4. | explore the sources of secondary economic data and understand formats such as Index Numbers | TBD4 |
5. | be able to explain marketing data, for example using probability concepts | TBD5 |
6. | understand financial concepts such as Compound Interest and Present Value | TBD6 | 7. | have an understanding of the constituents of the structure of Profit and Loss Accounts or Local Authority budgeting procedures and Balance Sheets | TBD7 | 8. | be able to examine the viability of a company by calculating accounting ratios | TBD8 | Any other evidence from your work experience similar to, or the equivalent of, the above (specify) |
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