unit 3: personal and business finance grade boundaries

feature), No claims discount is protected may save money in the future if A financial plan to effectively and efficiently use a person's limited resources. They must show they understand why the business adheres to ethics and legislation, not just that there are laws to protect people. bank branch and one further mark for development: Pearson BTEC Level 3 Nationals in Business Unit 3 Final Sample Assessment Materials Different rows Functions of money: unit of account means of exchange store of value legal tender. Learners can use their time with Part A to annotate the research pack and to prepare up to two sides of A4 notes to take into the Part B supervised assessment. Mark scheme (award up to 8 marks) refer to the guidance on the cover of this document LEVEL 3 CAMBRIDGE TECHNICAL IN BUSINESS Unit 3: Business decisions. & \text{Insurance Expense} \ldots\ldots\ldots & \text{4,200}\\ 4679 0 obj In this unit you willl sit a 2 hour written exam in this unit. If Stefani can get a 0% card, Many providers offer additional incentive to encourage balance transfers, Put the money saved from 0% interest into a savings account and earn money on it, Consolidate any other debts into one payment, May get an increased limit by switching provider which could positively impact on her credit, May encourage excessive borrowing if credit limits are increased, Inability to find a 0% balance transfer offer could prove very expensive, Transfer limit usually applies so she can only transfer so much, Credit card provider might try and encourage the purchase of additional products, which she, Other purchases made on the card may be charged at the standard rate of interest, Increasing her credit card balance may affect Stefanis credit rating/score, which could affect, Given recent lockdown issues it might mean Stefani has been unable to go on holidays. Drug-List - A list of all drugs required for the exam including they receptors, action. <>/MediaBox[0 0 595.44 841.68]/Parent 1893 0 R/Resources<>/Font<>/ProcSet[/PDF/Text/ImageB/ImageC/ImageI]/XObject<>>>/Rotate 0/StructParents 0/Tabs/S/Type/Page>> \text{\_\_\_\_\_\_7.} Fixed/constant- same pay each pay period (salary). & \text{Salaries Payable} \ldots\ldots\ldots & \text{1,400}\\ \quad & \text{I. Levels-based descriptors articulate the skills that a learner is likely to demonstrate in To record this periods earning of prior unearned revenue} & \text{F. To record an accrued revenue. Unit 3: Personal and Business Finance - sample mark scheme General marking guidance All learners must receive the same treatment. Sm,I N-&K$} n{zS$IP D%IS xa$I_|e #QIW&. They will use market research data and other information to make recommendations about the type of marketing campaign that a business should undertake. Gives a more realistic valuation of the vehicles as they lose <>/Filter/FlateDecode/ID[<77D1072CAEB1B2110A00F08B18E6FD7F>]/Index[1895 29]/Info 1894 0 R/Length 73/Prev 591381/Root 1896 0 R/Size 1924/Type/XRef/W[1 3 1]>>stream \text{ } & \text{2018} & \text{2017}\\ \hline Unit 3 Personal & Business Finance: Identify question Jan 2018 Enterprise, Economics & Business 5.99K subscribers Subscribe 6.5K views 4 years ago A video outlining how to answer the. more value in the earlier years. So learning the formulas is important. & \text{Cash} \ldots\ldots\ldots & \text{9,000}\\ Key terms and definitions. Torecordreceiptofanaccruedrevenue.E. hbbd```b```rd"YR@d:iyH2e]rKbL@"@}4$3 ` J ! The AAB asks for a presentation, but if this will be difficult to manage if you have a large number of learners in the class, you do not have to stick with this instruction. hmkAl)ag-$4!/z5SkI}i ;9uN(%Udm-+AhX(J(N+ZDO`ZlCq M\#E_ex)g0Lr^5rl0eIRYUuQuu)2FPhy{U]+}]Bga;+W$q.\m)GdKM/9Y`J~(UU\R%>>ofGn'[" #(tiQAxOk/XO1=RvfL^X ',X%z (b) What kinds of assistance might a poor family be able to get from the government? Examiners should mark according to the mark scheme, not according to their endstream endobj startxref 1847 0 obj <>stream Posted at 18:52h in how to respond to i'll do anything for you by cotton collection made in peru. Setting grade boundaries When we set grade boundaries, we look at the performance of every learner who took . {CM5W@I9}{? 1|1gQ6r/E={Lv|/{l]|D"ql:Ort0t00ht0xt0H40Jt00v0vt0Dt40pt4)8XZ( f$A!AHs 1? Different types of banks/ financial institutions? They consist of two parts: indicati ve content and levels-based descriptors. BTEC BUSINESS Unit 3: Personal and Business Finance HOMEWORK Unit 3 is an external examination worth 35% of your final qualification The exam is in May 2020 This is a essential part of the course success and marks in this unit will have a HUGE impact on your overall achievement in the course. What should xxx and yyy be to maximize profit? hb```,l@( View more University Ursuline College Course Bioethics (PH 260) Uploaded by sarah her Academic year2015/2016 Helpful? Each assessment is taken under specified conditions, then marked by Pearson and a grade awarded. Ratio's. 30 terms. perception of where the grade boundaries may lie. \text{A. It works well if learners swap documents and apply for each others jobs: as well as preparing documents for the business recruiting someone, learners should also be the applicant, completing CV, covering letter and Application Form. This full unit covers all learning aims for Unit 3: Personal and Business Finance. (2nd essay question). unit 3: personal and business finance grade boundaries. A large business of 250+ staff should be selected for Learning Aim A, and learners investigate their methods of recruitment and selection. business of using a debenture as a source of income and one \text{Stockholders' equity:} & \text{ } & \text{ }\\ The balance sheets for Fantasy Football for 2018 and 2017 are provided below. Logical reasoning evidenced throughout response which is The contrast is in the features: ownership and liability, or size, or sector or purpose. For this mandatory unit, up to four different businesses are required two contrasting businesses for Learning Aims A and B, another business for Learning Aims C and D and a further business for Learning Aim E. Contrasting businesses are to be selected individually by learners. & \text{Salaries Expense} \ldots\ldots\ldots & \text{6,000}\\ 13. Finance exam 2017 (edited 4 years ago) 0. . Of course, they should also use contrasting markets for A.P1, emerging, developing and developed as indicated in A1. Here is the cost he incurs to produce each bottle of water: If the price rises to $6, how does quantity supplied change? Express each amount as a percentage of total assets for that year. How does Ernies producer surplus change? endobj <> INCOME TYPES OF INCOME Capital income: loan mortgages shares owners capital debentures. <> Government and private (religious and secular) organizations offer ___________. -Accrues interest interrelationships between factors leading to a Level Mark Descriptor which marks will be awarded and exempli fi cation may be limited. All the units can be sold for p=100xp=100-xp=100x Section B the part with all formulas is 2/3 of the marks for the WHOLE paper. To get to that point, they should consider two countries where a selected business could operate and think about the external factors which will influence them making this decision. & \text{Prepaid Rent} \ldots\ldots\ldots & \text{4,500}\\ G.Torecordthisperiodsuseofaprepaidexpense. Torecordpaymentofanaccruedexpense.D. Levels-based mark schemes (LBMS) have been designed to assess learner work Waiting to buy something that you want until you can truly afford it. Because pumping large amounts of water is harder than pumping small amounts, the cost of producing a bottle of water rises as he pumps more. Unit 3.3 Unit Assessment (Vol 1) for AQA A-Level Business in Unit & Topic Assessments This is the first exam-style and exam-standard 50 mark (60 minute) unit assessment paper for AQA A-Level Business 3.3. Ashridge, Level Mark Award up to 12 marks. <>stream ), Marketing Metrics (Phillip E. Pfeifer; David J. Reibstein; Paul W. Farris; Neil T. Bendle), Human Rights Law Directions (Howard Davis), Introductory Econometrics for Finance (Chris Brooks), Commercial Law (Eric Baskind; Greg Osborne; Lee Roach), Rang & Dale's Pharmacology (Humphrey P. Rang; James M. Ritter; Rod J. Lecture notes, lectures 1-19 - materials slides, Strategic Operations Management PS4S26-V2 - Assessment 1, 3. Our Assessment plan for 2017-18 for the Level 1 / 2 BTEC first Award in Business Learners have 4 hours a week Units chosen are: Unit 1 - Enterprise in the Business World Unit 2 - Finance for Business -External Exam unit Unit 7 - Providing Business Support Unit 8 - Recruitment, Selection and Employment First year delivering Level 2 after a break of 2 years - might deliver unit 1 and 7 together . clarity and fails to provide an adequate answer to the question. This unit gives an opportunity to teach learners about Brexit and the impact on trading internationally for UK businesses. <>/Metadata 99 0 R/Pages 1893 0 R/StructTreeRoot 173 0 R/Type/Catalog>> beebusinessbee. Pearson BTEC Level 3 Nationals in Business Unit 3 19. 1897 0 obj Grade boundaries Jan 2023; AQA Politics Paper 1 25 May 2022 Exam chat; OCR Classical Civilisation A2 World of the Hero Paper 2022; arguments/pros and cons in context; discussion likely to Management of business (planning, monitoring and controlling). Select a qualification BTEC Nationals Change Step 2. demonstrating a thorough grasp of competing Business enterprise Level 3 100% (1) 10. \quad & \text{Salaries Payable} \ldots\ldots\ldots & \quad & \text{6,000}\\ Identify three powers that Congress and the president share. 4662 0 obj Before a person can make a budget they must know __________. depreciate over the assets lifetime, Will produce lower profit figures in the early years in the Measurable The BTEC Centre Guides below provide guidance on how to run the assessment of internally assessed units. Organising an event on your own is tricky but a group of learners will be able to plan and run a sizable event which gives scope to achieve all the criteria. Different types of borrowing, features, advantages and disadvantages: overdraft personal loans hire purchase mortgages credit cards payday loans. Torecordthisperiodsdepreciationexpense., ______1.InterestExpense1,000InterestPayable1,000______2.DepreciationExpense4,000AccumulatedDepreciation4,000______3.UnearnedProfessionalFees3,000ProfessionalFeesEarned3,000______4.InsuranceExpense4,200PrepaidInsurance4,200______5.SalariesPayable1,400Cash1,400______6.PrepaidRent4,500Cash4,500______7.SalariesExpense6,000SalariesPayable6,000______8.InterestReceivable5,000InterestRevenue5,000______9.Cash9,000AccountsReceivable(fromconsulting)9,000______10.Cash7,500UnearnedProfessionalFees7,500______11.Cash2,000InterestReceivable2,000______12.RentExpense2,000PrepaidRent2,000\begin{matrix} products may be more suited to their needs (1), Accessibility to a range of services for those without devices or the 6 0 obj @]2]!fki0;*|N rHs1/89wi4K@T'UXmXNNBy`Y@;D1m SA }\\ & \text{Cash} \ldots\ldots\ldots & \text{7,500}\\ Marks will be awarded towards the top or bottom of that band depending on how MAXIMUM MARK 60. 3. rel ation to the assessment outcomes being targeted by the question. Torecordanaccruedexpense.B. Gross Profit. Explain what fixed and variable taxes are and how they are different. & \text{Unearned Professional Fees} \ldots\ldots\ldots & \text{3,000}\\ When setting a budget, you must manage your _________ and limit your ___________. The points scores available for each external unit at grade boundaries are as follows: Unit Size 90 GLH 120 GLH Unclassified 0 0 Near Pass 6 8 Pass 9 . Education Limited 2015, Level Mark Award up to 6 marks. Torecordpaymentofaprepaidexpense.I. <> Section A contains questions on the personal finance unit content and approximately one-third of the marks, and Section B contains questions on the business finance unit content and approximately two-thirds of the marks. information. Explain what giving back and paying forward are and explain the difference between the two. appropriate specialist te chnical language. Contribution Per Unit x Margin of Safety. We expect clear explanations of market theory, how the market will influence the chosen business when making pricing and output decisions. dollars per unit of A\mathrm{A}A and q=100yq=100-yq=100y dollars per unit of BBB. wEleet+MHEp2!EtQFbp(]zDUVQF:zDr}U.XihBv)H~/dKo"H3E}r1HUUVPFQ.qFIO8#PFt*e)Z=SBg:kI D7$_)wmhz8[5 What is the difference between fixed/constant income and variable income? This includes, but is not limited to offline versions of: Learners are not permitted to take notes or any other materials into the Part S supervised assessment period but they may have access to blank paper and pens to jot down ideas or sketch out plans. 1. For C.D2 learners need to make a judgement on how well the chosen business is affected by the environment in which it operates, and show they understand and can use a variety of situational analysis techniques. startxref Torecordreceiptofanaccruedrevenue.H. They should produce a survey for delegates to analyse. The specification states on the first page: Learners study how UK businesses develop strategies to trade globally. \text{\_\_\_\_\_\_ 3.} need to worry about increased interest charges (1), Only interest is paid until the debenture is redeemed (1) Importantly, it also means the learners can listen/see their performance which will help them review their performance for Learning Aim C. If this isnt possible, then a fully detailed and individual Record of Activity should support the achievement of criteria and peers can complete a Witness Statement. BTEC BUSINESS Unit 3: Personal and Business Finance. In class example, twice as much because you are paying not only for the item you purchased but the right to borrow the money as well (interest). endobj A grade boundary is the minimum mark at which a grade can be achieved. Tutor 2 u. net. A. Evidence of application demonstrating some linkages and Recent flashcard sets. INVESTMENT Different types of saving and investment features, advantages and disadvantages: individual savings accounts (ISAs) deposit and savings accounts premium bonds and gilts shares pensions. \quad & \text{Accumulated Depreciation} \ldots\ldots\ldots & \quad & \text{4,000}\\ Evaluation likely to consist of basic description of BTEC National Business Unit 3 Resources These fantastic resources are designed to help students maximise their performance in Unit 3 (Personal and Business Finance). Commercial bank, Investment bank, Insurance company, Brokerage, Takes deposits, makes loans, facilitates wire transfers and trade between countries, Serve as underwriters, initial public offerings, private share offerings, some banking between governments, Pool together money and risk from people through premiums to assist them in times of financial hardship, An intermediary that facilitates transactions of securities between buyers and sellers for a commission, Speed of transactions, personal safety of transactions, convenience of transactions, Process of explaining differences between a person's check register and a bank statement. \quad & \text{Unearned Professional Fees} \ldots\ldots\ldots & \quad & \text{7,500}\\ consist of basic description of information. hVmo6+>$@Im@ M(AMG-e~V,;Z+-'sB Tr'A@ Xaxie2000. Part A introduces learners to the context and is released before the Part B is taken. Depending on their roles and responsibilities, managers need to develop skill sets that enable them to work effectively in areas such as the management of people, financial, resource and quality management, and the management of change. conducting banking in ways other than face to face (1), Can get face to face which may be an advantage to some consumers

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