...requirements for this role given however preferably we would like candidates to have a good level of education. It would be useful for candidates to have GCSE’s in English and Mathematics. Furthermore, it would be helpful if the candidate has prior experience within this sector. Skills Required Candidates must expect to handle difficult situations within the organisation. Day to day problems such as complaints will be frequent so employees will have to resolve any problems efficiently. Having a great grip of customer service skills is a really key part of this role. It is important you have this quality as you will use these skills on a day to day basis. Talking and interacting to customers...
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...BTEC Level 3 Subsidiary / Diploma, Business Studies Unit 2 – Business Resources Assignment 1 (P1, P2, M2) – Recruiting the Right Staff Scenario You are coming to the end of your BTEC course and you have been considering getting a job in the summer break before you start university. As well as earning some extra money, you are looking forward to the opportunity to develop your skills and put into practice the knowledge you have learnt on your BTEC course. Task one (P1 part) Research some jobs that you can apply for on job websites. You could look at www.monster.com or www.totaljobs.com. You need to find a job that you think you could apply for either now or at the end of year 13. You need to collect a job description, person specification and application form as evidence. (P1 part) Task two (P1, P2 M2) To show that you understand the relevance of these documents used in recruitment you need to complete an information sheet which analyses their contents (see attached for template). Your information sheet should 1. Describe the recruitment documentation used for the job you have chosen. What is a job description, what is a person specification and what is an application form? How are they used in business? (P1) 2. Identify the skills required on the job description. Describe how you have these skills or if you don’t have them, describe how you could develop them this year. (P2) 3. For each of the skills that you have already identified...
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...BMS 101: BUSINESS MATHEMATICS COMMON FOUNDATION Assignment on ------------------------------------------------- PARTIAL DIFFERENTIATION 1. Find the first order derivatives of the following functions: i. fx,y=xex2-y2 ii. fx,y=exy 2. If z=x2fyx, show that x∂z∂x +y∂z∂y =2z. 3. Find all the second-order partial derivatives of the following functions. (i) z= y2ex+logxy (ii) z= logx2y4 4. (i). If z=fx+ay+gx-ay, Show that ∂2z∂y2= a2∂2z∂x2. (ii). If z=logx3+y3x2+y2, prove that x∂z∂x +y∂z∂y =1 5. Show that each of the following function is homogeneous of degree of 1. (i) fx,y= ax-β+ by-β-1β 6. If z=axαyβ, verify that (i) x2∂2z∂x2+2xy∂2z∂x∂y+y2∂2z∂y2=α+βα+β-1 z 7. Verify Euler’s theorem for (i) z=x3+y3xy (ii) z=logyx 8. Examine the following functions for relative maximum or minimum: (i) z=fx,y=x2+3y2+4x-9y+3. (ii) z=fx,y=2xy-2x2-y2-8x+6y+4. 9. The demand functions of two commodities X1and X2 are given as x1=1000+200p1+2-20p2 and x2=1000+500p1+4-50p2 (i). Find the four partial marginal demand functions and determine whether the commodities are competitive or complementary. (ii). Calculate the four partial Elasticities of demand at p1=3 and p1=1. 10. The demand functions for two commodities X1and X2 are each a function of the prices of X1and X2 and are given by x1=4p12p2 and x2=16p1p22 respectively...
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...BRAESIDE HIGH SCHOOL BTEC Extended Diploma (Level 3) Business Unit 4- Business Communication ASSIGNMENT BRIEF 1-TYPES OF INFORMATION TUTOR: Mr E. ROTICH LAUNCH DATE: 5/09/2013 SUBMISSION DATE: 16/09/13 This assignment brief assesses the following criteria: P1 Explain different types of business information, their sources and purposes.M1 Analyse different types of business information and their sources.D1 Evaluate the appropriateness of business information used to make strategic decisions. | Scenario: You have been asked to carry out an audit on the types of information used within a business to report back to management on the range of information used, the way in which it is used, and the appropriateness of information used in decision making. Task One P1 Explain different types of business information, their sources and purposes Write a report to show the results of your investigation into information in an organisation of your choice. In order to do this you should complete the following activities. * Complete a table like the one below to show types, sources and purposes of information used within the organisation. Try to include at least two examples of each type of information. Type of Information | Example | Description | Purpose | Source | Verbal | | | | | Written | | | | | On-Screen | | | | | Multimedia | | | | | Web-based | | | | | * Where possible cross reference your example to evidence of...
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...Unit 4: Unit code: QCF Level 3: Credit value: Business Communication H/502/5413 BTEC National 10 Guided learning hours: 60 Aim and purpose The aim of this unit is to show learners that the collection and management of business information, and the successful communication of that information throughout a business, is critical for the future prosperity of the organisation. Unit introduction A business needs accurate and relevant information from internal and external sources in order to operate profitably. Proper collection of data creates an environment where informed decisions can be taken for the benefit of the business. In order to manage information effectively, there must be good communication systems within the organisation. Staff must possess good verbal and written skills in order to communicate and share information Business information can be used to obtain competitive advantage and promote efficiency. Organisations generate information internally, recording details of products manufactured, purchased and sold, and their associated costs. Businesses use information to manage not only what is currently happening in the organisation but also to plan for the future and ensure their survival. Information is collected, stored, manipulated, analysed and reported to those who need to use it. People need to become skilled manipulators and users of information to ensure organisations become more efficient and succeed in achieving their stated purposes. Since the...
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...Solutions to Quick Quizzes Chapter 1 1. There are many possible answers. 2. There are many possible answers. 3. The three principles that describe how the economy as a whole works are: (1) a country’s standard of living depends on its ability to produce goods and services; (2) prices rise when the government prints too much money; and (3) society faces a short-run tradeoff between inflation and unemployment. A country’s standard of living depends largely on the productivity of its workers, which in turn depends on the education of its workers and the access its workers have to the necessary tools and technology. Prices rise when the government prints too much money because more money in circulation reduces the value of money, causing inflation. Society faces a short-run trade-off between inflation and unemployment that is only temporary. Policymakers have some short-term ability to exploit this relationship using various policy instruments. Quantity of Clothing Produced the frontier), point B is an inefficient point (inside the frontier), and point C is an infeasible point (outside the frontier). Microeconomics is the study of how households and firms make decisions and how they interact in markets. Macroeconomics is the study of economy-wide phenomena, including inflation, unemployment, and economic growth. 2. An example of a positive statement is “a higher price of coffee causes me to buy more tea.” It is a positive statement because it is a claim that describes the...
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...research: 40 hours Outcome Content Learner activity Resources Assessment and PLTS LO1: Know the range of different businesses and their ownership Introduction to unit and the structure of the programme Introduction to LO1 Range of different businesses: local; national; international; global; public; private; not-for-profit/voluntary; sectors of business activity (primary, secondary and tertiary) Business purposes: supply of products or services; difference between profit and not-for profit organisations Set up file for new unit Reflective questions AS1 Business types and ownership, Task 1; as individual or pair activity SB activities: • Starter stimulus • Tony and Guy • Aresenal • VSO • Primary, secondary and tertiary businesses Sample assignment brief Task 1.1 for P1; learners should spend the session time and NS time on this activity SB activities: • Poundland AS1 Business types and ownership SB Sample assignment brief Task 1.1 Stretch and support Assessment P1 PLTS RL BTEC National Business © Pearson Education Ltd 2010. Copying permitted for purchasing institution only. This material is not copyright free. BTEC National Business Unit 1 The business environment Unit 1 The business environment Scheme of work 5 3 4 5 Content...
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...Unit 13: Unit code: QCF Level 3: Credit value: Recruitment and Selection in Business A/502/5434 BTEC National 10 Guided learning hours: 60 Aim and purpose The aim of this unit is to introduce learners to recruitment and the importance of ensuring that the best people are selected to work in organisations. Learners will study selection and recruitment techniques and will set up, and take part in, a selection interview. Unit introduction Recruiting the right people is the key to the success of many organisations. These organisations ensure that the processes and procedures involved in recruitment and selection meet their needs and are legal. In this unit, learners will develop an understanding of the impact of the regulatory framework on the recruitment process. Potential applicants may decide to apply for a post based on the quality of information that they receive. Details of the post will usually be the first communication they have with the organisation. It is important that the organisation makes a good first impression on potential applicants to ensure that they attract sufficient applicants of the right calibre. Learners will develop their knowledge of the types of documentation used in an interview process. A structured and planned selection procedure is crucial to the success of the selection process. The impression a business makes may determine an applicant’s decision to accept an offer of appointment. Staff conducting the interview will also be forming their impressions...
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...Issued: 10/10/14 |Submission Date: | |Assessment Date: |Resubmission Date: | Criteria Covered: |P1 |Identify how two organisations plan recruitment using internal and external sources | | | | | | | | | | | | | | | | | | |Course |BTEC National Subsidiary Diploma/ BTEC National 90 |Unit |13 Recruitment & Selection in Business | | |credit Diploma | | | |Student Name | |Assignment |1 ...
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...| Marketing Techniques | Reference | Introduction to marketing | Assignment No | 1 of 4 | Hand out | 13/10/15 | Duration | 3 weeks | Hand in | 6/11/15 | | | | | | | | | Learner | | | | Course | BTEC Level 3 subsidiary Diploma in Business | | | Framework | QCF | Level | 3 | | | No: Unit | 3 introduction to marketing | | | Assessor(s) | Anna Price | | | Internal Verifier | | Dated | | | Filton campus | Lead IV | | Dated | | | 50519 | | | | | | Learning Outcomes | LO 1 | Know the role of marketing in organisations | Targeted grading criteria | | Met? | To achieve the criteria the evidence must show that the learner is able to: | Task number | P1 | | Describe how marketing techniques are used to market products in two organisations | 1 | P2 | | Describe the limitations and constraints of marketing | 1 | M1 | | Compare marketing techniques used in marketing products in two organisations | 1 | D1 | | Evaluate the effectiveness of the use of techniques in marketing products in one organisation | 1 | | Task Sheet Vocational scenario You are applying for a job as a marketing assistant at a local marketing agency. As part of the recruitment process, you have to demonstrate how well you can evaluate the marketing techniques used in organisations, using two of the firm’s client organisations as examples. You have been asked to present your findings in a report. Choose one organisation from each of...
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...1 INTERCORPORATE ACQUISITIONS AND INVESTMENTS IN OTHER ENTITIES ANSWERS TO QUESTIONS Q1-1 Complex organizational structures often result when companies do business in a complex business environment. New subsidiaries or other entities may be formed for purposes such as extending operations into foreign countries, seeking to protect existing assets from risks associated with entry into new product lines, separating activities that fall under regulatory controls, and reducing taxes by separating certain types of operations. Q1-2 The split-off and spin-off result in the same reduction of reported assets and liabilities. Only the stockholders’ equity accounts of the company are different. The number of shares outstanding remains unchanged in the case of a spin-off and retained earnings or paid-in capital is reduced. Shares of the parent are exchanged for shares of the subsidiary in a split-off, thereby reducing the outstanding shares of the parent company. Q1-3 The management of Enron appears to have used special-purpose entities to avoid reporting debt on its balance sheet and to create fictional transactions that resulted in reported income. It also transferred bad loans and investments to special-purpose entities to avoid recognizing losses in its income...
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...CHAPTER 1 Accounting in Action ASSIGNMENT CLASSIFICATION TABLE Brief Exercises A Problems B Problems Study Objectives 1. Explain what accounting is. Identify the users and uses of accounting. Understand why ethics is a fundamental business concept. Explain generally accepted accounting principles and the cost principle. Explain the monetary unit assumption and the economic entity assumption. State the accounting equation, and define assets, liabilities, and owner’s equity. Analyze the effects of business transactions on the accounting equation. Understand the four financial statements and how they are prepared. Questions 1, 2, 5 Exercises 1 2. 3, 4 2 3. 3 4. 6 4 5. 7, 8, 9, 10 4 6. 11, 12, 13 1, 2, 3, 4 5, 6, 7, 11 1A, 2A 4A 1B, 2B 4B 7. 14, 15, 16, 18 5, 6, 7, 8 6, 7, 8, 10, 11 1A, 2A, 4A, 5A 1B, 2B, 4B, 5B 8. 17, 19, 20, 21 9, 10 9, 12, 13, 14, 15, 16 2A, 3A, 4A, 5A 2B, 3B, 4B, 5B 1-1 ASSIGNMENT CHARACTERISTICS TABLE Problem Number 1A 2A Difficulty Level Moderate Moderate Time Allotted (min.) 40–50 50–60 Description Analyze transactions and compute net income. Analyze transactions and prepare income statement, owner’s equity statement, and balance sheet. Prepare income statement, owner’s equity statement, and balance sheet. Analyze transactions and prepare financial statements. Determine financial statement amounts and prepare owner’s equity statement. Analyze transactions...
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...Unit 2 Business Resources Student Name: | | Centre: | Leamington Spa | Course Title: | Extended Diploma in Business | Year of Course: | Year 1 | Unit Manager/Assessor: | Helen Morten | Internal Verifier: | L Cutter | Unit Title: | Milestone 3 Analysing Performance | Grading Criteria: UNIT 2 Business Resources | Evidenced inAssignment | P1 | Describe the recruitment documentation used in a selected organisation | Already covered in the recruitment project | P2 | Describe the main employability, personal and communication skills required when applying for a specific job role | Already covered in the recruitment project | P3 | Describe the main physical and technological resources required in the operation of a selected organisation | 1 | P4 | Describe the sources of internal and external finance for a selected business | 1 | P5 | Interpret the contents of a trading and profit and loss account and balance sheet for a selected company | 3 | P6 | Illustrate the use of budgets as a means of exercising financial control of a selected company | 2 | P7 | Illustrate the financial state of a given business | 3 | M1 | Explain how the management of human, physical and technological resources can improve the performance of a selected organisation | 1 | M2 | Assess the importance of employability and personal skills in the recruitment and retention of staff in a selected organisation | Already covered in the recruitment project | M3 | Interpret the contents...
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...BACHELOR OF COMMERCE (B.COM.,) PAPER – 2.1 MANAGERIAL ECONOMICS UNIT – I CHAPTER - I SECTION - I Definition of Managerial Economics Managerial economics refers to those aspects of economics and its tools of analysis most relevant to the firm’s decision-making process. According to MeNair and Meriam, managerial economies consists of the use of economic models of thought to analyze business situations. Some writers consider managerial economics as the integration of economic theory with business practice for the purpose of facilitating decision-making and forward planning by management. The underlying idea of all these definitions is that managerial economics means economics applied in decision-making. So we may consider managerial economics as a special branch of economics bridging the gap between abstract theory and managerial practice. It may be pointed out here that effective decision-making at the firms’ level calls for a careful analysis of a choice between alternative courses of action. Economic theory offers a variety of concepts and analytical tools which can be of considerable assistance to the manager in his decision-making process. In fact actual problem-solving may require many skills and tools which are not available in the traditional economist’s. For example, knowledge of accounting and of statistical concepts and methods, which are not taught in economics, can help the analyses to apply more effectively the economic...
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...representing the content and format of the exam. 1.) Walter used to work as a high school teacher for $40,000 per year but quit in order to start his own painting business. To invest in his painting business, he withdrew $20,000 from his savings, which paid 3 percent interest, and borrowed $30,000 from his uncle, whom he pays 3 percent interest per year. Last year Walter paid $25,000 for supplies and had revenue of $60,000. Walter asked Tyler the accountant and Greg the economist to calculate his painting business’s costs. |a. |Tyler says his costs are $25,900, and Greg says his costs are $66,500. | |b. |Tyler says his costs are $25,000, and Greg says his costs are $65,000. | |c. |Tyler says his costs are $66,500, and Greg says his costs are $66,500. | |d. |Tyler says his costs are $75,000, and Greg says his costs are $41,500. | 2.) Suppose that a firm has only one variable input, labor, and firm output is zero when labor is zero. When the firm hires 6 workers it produces 90 units of output. Fixed cost of production are $6 and the variable cost per unit of labor is $10. The marginal product of the seventh unit of labor is 4. Given this information, what is the total cost of production when the firm hires 7 workers? |a. |$66 ...
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