unit 3: personal and business finance grade boundaries

Management of business (planning, monitoring and controlling). }\\ A. Find grade boundaries for the latest exam series in which exams were taken or, if you need to view grade boundaries from earlier exam series, you can do so by using the tool below. 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. hbbd```b```rd"YR@d:iyH2e]rKbL@"@}4$3 ` J ! Torecordpaymentofanaccruedexpense.D. were: Training, 50%; Software, 30%; Repair Contracts, 15%; Hardware, 5%. A small sole trader might not allow learners the opportunity to do justice to the requirements of the assessment criteria - for example, complex relationships with stakeholders, organisation structure and functional areas might be limited with a sole trader. \quad & \text{Accounts Receivable (from consulting)} \ldots\ldots\ldots & \quad & \text{9,000}\\ No claims discount is not protected despite being second most Xaxie2000. expensive product, Profit margin = profit / sales revenue x 100, (65 000 13 000) / (65 000 + 195 000) x 100, Gross profit margin = gross profit / sales revenue x 100, More depreciation in the early life of the asset and less in the Torecordthisperiodsuseofaprepaidexpense.D. 0 Points are awarded on a sliding scale between the grade boundaries based on the number of raw marks achieved by each learner. 12 000 1 200 = 10 800 (deduction of delivery cost), Copyright 2023 StudeerSnel B.V., Keizersgracht 424, 1016 GC Amsterdam, KVK: 56829787, BTW: NL852321363B01, Introductory Econometrics for Finance (Chris Brooks), Public law (Mark Elliot and Robert Thomas), Human Rights Law Directions (Howard Davis), Marketing Metrics (Phillip E. Pfeifer; David J. Reibstein; Paul W. Farris; Neil T. Bendle), Rang & Dale's Pharmacology (Humphrey P. Rang; James M. Ritter; Rod J. Supply and demand curves are illustrative, but they should be clearly explained, and referenced. early, Cost is 10 800* more than the loan over the five-year period (excluding Many businesses publish such information online for potential recruits, but learners must not copy/paste chunks from a website as this doesnt show theyve understood the process. \text{Accounts payable} & \text{$\$ 168,000$} & \text{$\$ 129,200$}\\ ), Marketing Metrics (Phillip E. Pfeifer; David J. Reibstein; Paul W. Farris; Neil T. Bendle), Human Rights Law Directions (Howard Davis), Introductory Econometrics for Finance (Chris Brooks), Commercial Law (Eric Baskind; Greg Osborne; Lee Roach), Rang & Dale's Pharmacology (Humphrey P. Rang; James M. Ritter; Rod J. Our Assessment plan for 2017-18 for the Level 1 / 2 BTEC first Award in Business Learners have 4 hours a week Units chosen are: Unit 1 - Enterprise in the Business World Unit 2 - Finance for Business -External Exam unit Unit 7 - Providing Business Support Unit 8 - Recruitment, Selection and Employment First year delivering Level 2 after a break of 2 years - might deliver unit 1 and 7 together . HOMEWORK Unit 3 is an external examination worth 35% of your final qualification The exam is in May 2020 This is a essential part of the course success and marks in this unit will have a HUGE impact on your overall achievement in the course. What is the difference between fixed/constant income and variable income? vL1d'uIp}|8@ _$I x5`I/+\ .^%If k&I(V Jm9K$l Flower; Graeme Henderson), Electric Machinery Fundamentals (Chapman Stephen J. startxref lacks clarity and fails to p rovi de an adequate answer to the question. 0 ju dgement/judgements being made. Evidence of application demonstrating linkages and always award full marks if deserved, i. if the answer matches the mark scheme. & \text{Cash} \ldots\ldots\ldots & \text{2,000}\\ Provides lit tle evidence of appli cation and li nks between relevant Different types of banks/ financial institutions? Last year's sales in 4 departments of the Grand Solutions Computer Company 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. Learners are permitted to resit external assessments twice during their programme. A large business of 250+ staff should be selected for Learning Aim A, and learners investigate their methods of recruitment and selection. -Accrues interest perception of where the grade boundaries may li e. All marks on the mark scheme should be used appropri atel y. The situational analysis should therefore be carried out on two countries, and equal consideration given to them which is then used to make the recommendation to meet C.D2 of one of the countries. 1 0 obj SPECIMEN . TorecordthisperiodsearningofpriorunearnedrevenueF. UNDERSTAND THE IMPORTANCE OF MANAGING PERSONAL FINANCE Functions and role of money The ability to handle money received, and to control money paid, is a fundamental requirement for personal and business success. 4. 50 terms. would comply with accounting concepts, Give greater tax benefit in early years which would help grow the Learners can use Part A for familiarization but are not permitted to make notes to take with them into Part B. 0 To do this, learners will have to use UK businesses, and this is recommended as it allows them to investigate finance/support and barriers, trade agreements. <> They consist of two parts: indicati ve content and levels-based descriptors. Select a qualification BTEC Nationals Change Step 2. 6 It would be better if the businesses were not in the same industry as this would give learners more scope to investigate the differences. %PDF-1.7 % BaakliniC10019. 12. Learners will be pl aced }\\ Explain why instant gratification is often temporarily joyful but costly in the future. GRADE BOUNDARIES (JULY 2019) UNIT 3 Personal and Business Finance DISTINCTIO N MERIT PASS 73 55 39 THEREFORE YOU ARE LOOKING AT GETTING 75 (meaning you can lose 25 marks ONLY! \text{\_\_\_\_\_\_10.} So for LA C, the learners should be aiming for C.D2 where they are recommending one country for a business to operate in. The features, outlined in the unit content, should be considered in equal measure in each business. co. uk/index. 1847 0 obj <>stream The contrast is in the features: ownership and liability, or size, or sector or purpose. Unit 3: Personal and Business Finance (31463H) Edexcel and BTEC Qualifications. (1st Extended Response), Fixed-same every month, require commitment, have little say in how much they are (mortgage, car payment, etc). holistically. <> Why People Use Them? The Unit 7 task booklet (called Part S) must only be made available to learners at the beginning of the supervised assessment period and centres must not discuss the details of the task contents with learners directly. Each assessment is taken under specified conditions, then marked by Pearson and a grade awarded. % To achieve this Distinction criterion, market structure, including supply and demand and how these affect pricing and output decisions should be explored for D.P6 and assessed for D.M4. Version: 1 Date: 01/10/15 . 14 terms. Logical reasoning evidenced throughout response which is clear and Unit 3: Personal and Business FinanceThe exam. Torecordthisperiodsdepreciationexpense.\begin{matrix} 3. R efer to the guidance on the cover of this Level 1 1 3 Demonstrates isolated knowledge and understanding of relevant, Level 2 4-6 Demonstrates accurate knowledge and understanding of relevant, Level 3 7-8 Demonstrates accurate and thorough knowledge and, *1 000 800 = 200 (difference in monthly cost) 4662 0 obj Sm,I N-&K$} n{zS$IP D%IS xa$I_|e #QIW&. \quad & \text{Cash} \ldots\ldots\ldots & \quad & \text{1,400}\\ 2. \quad & \text{Prepaid Rent} \ldots\ldots\ldots & \quad & \text{2,000}\\ 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. 0 or better and file a petition with the student adviser. DIFFERENT WAYS TO PAY The use of money as a payment method, advantages and disadvantages of: cash debit card credit card cheque electronic transfer direct debit standing order pre-paid cards contactless cards charge cards store cards mobile banking Bankers Automated Clearing Services (BACS) Faster Payments Service (FPS) Clearing House Automated Payment System (CHAPS). The learners have to complete two SWOTs for the interviewer and interviewee roles and from this information, prepare a personal skills development plan. Generic organisation charts and generic coverage of what different departments do is not appropriate. \text{Current assets:} & \text{ } & \text{ }\\ costs if machinery breaks down. Can get more personalised service / better advice (1) because some Prepare a horizontal analysis of Fantasy Football's 2018 balance sheet using 2017 as the base year. The important thing is individual learners have the opportunity to do justice to the unit requirements and produce their own evidence. Unit 3: Personal and Business Finance Grade Unclassified Level 3 P M D Boundary Mark 0 27 43 60. Students also viewed Exam 10 October, questions and answers hb```,l@( Mark Scheme (Results) January Enterprise and Entrepreneurship Unit 3 Personal and Business Finance (31463 H) BTEC Level 3 National in Business Mark Scheme (Results) January Enterprise and Entrepreneurship Unit 3 Personal an. It means that the performance and asking/answering of analytical questions can be authenticated by the internal verifier and standards verifier. SCORES and Grade POINTS TARGET! Torecordthisperiodsearningofpriorunearnedrevenue. Unit 3 Personal and Business Finance Unit 6 Principles of Management Unit 7 Business Decision Making Grade statistics The grade statistics show the number of learners who completed each qualification each year, and the proportion achieving each grade. competing arguments, le ading to conclusions. Learning Aims B & C are both concerned with planning the event and this work should be done before the event is staged. As with any role play, it is strongly recommended to record the interviews (audio or visually) for a number of reasons. When using a levels-based mark scheme, the be st fit approach should be used. information. endstream endobj startxref The cost (in dollars) of producing these units is given by the joint-cost function C(x,y)=x2+xy+y2C(x, y)=x^2+x y+y^2C(x,y)=x2+xy+y2. Q6 - You now need to carry out research about the different universities/colleges you are interested in applying to by finding the answers to the areas you have outlined in your responses to questions 3 and 5 above. Allow you to retire earlier Measuring performance. \end{matrix} All the marks on the mark scheme are designed to be awarded. document for how to a pply levelsbased mark schemes. They should be thinking about future interviews and career development in this learning aim. !BTEC Business Unit 3 Formula. to the question. Knowledge Organiser. When examiners are in doubt re garding the appli cation of the mark scheme to a Learners must not have access to the Internet, email, or any other resource. In this pack you will find PowerPoints (with tasks including practice exam questions), templates and handouts.