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Applied Business Level 3 - Unit 3 Personal and Business Finance | Pearson BTEC | Complete Exam Preparation Notes

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This document provides comprehensive revision notes for Unit 3 of the Pearson BTEC Level 3 Applied Business course, focused on Personal and Business Finance. It covers key financial concepts, formulas, and exam tips relevant to the official specification. These notes are ideal for students preparing for their external assessments, offering detailed summaries of all key topics.

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2024/2025
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APMP Foundation Certification Questions
and Correct Answers, 100% Verified. 2025/6.
When should you gather information for opportunity/capture qualification?

A. During market identification
B. During opportunity/capture development
C. During proposal response development
D. Continuously

A

Which is the likely outcome of allowing every opportunity through the bid/no-bid decision?

A. Optimum win rate is not realized
B. Overall win rate is increased
C. Bid resources are best utilized
D. Breeds a culture of success

A

What are main advantages of an action-based plan in a Gantt chart format?

A. It helps team members take a big-picture view of an entire bid process
B. Shows start and end points clearly, allocates roles and breaks complex tasks down into stages,
showing gate decisions and review points
C. It helps teams allocate effort during major projects
D. It helps bid teams to assess the quality of the proposal documentation as it evolves during a bid
process

B

Which phrase best describes a tangible value?

A. Customer satisfaction
B. Customer dissatisfaction
C. Customer's positive reaction to key personnel proposed
D. Quantified savings in reduced delivery time

D

Which term describes an agreement between organizations prior to a contractual partnering
agreement?

A. Memorandum of Understanding (MOU)

, B. Work Breakdown Structure (WBS)
C. WebSphere Business Integration (WBI)
D. Work Share Analysis (WSA)

A

Who is the best author for the first draft of the executive summary?

A. The most senior person in the seller's organization
B. The proposal manager
C. The marketing manager
D. The salesperson or opportunity/capture manager

D

On a large, complex proposal, when should the review of completed content plans take place?

A. After the executive summary is written but before the kickoff meeting
B. After the kickoff meeting but before section writing begins
C. After the proposal resource schedule has been published but before the kickoff meeting
D. After the kickoff meeting but before the compliance checklist is finalized

B

Which of the following sources would you use to identify customer requirements?

A. The customer's RFP
B. The opportunity/capture plan
C. Notes from your meetings with the customer
D. All of the above

D

If an RFP states, "The remote module shall be designed to meet current ISO standards," and the
proposal response reads, "The remote module will meet and exceed ISO standards by the time it is
implemented," which of the following describes the response?

A. Compliant
B. Responsive
C. Compliant and responsive
D. Neither compliant nor responsive

A

At what point in the response timeframe should the kickoff be planned?

A. Immediately— get all the team members engaged as quickly as possible, giving them the maximum
time to work on their sections
B. About 15 percent into the effort to allow document preparation and planning to occur

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