Issue 1 July 2014 Internal assessment sample tasks

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1 Internal assessment sample tasks NCFE Level 2 Certificate in Business and Enterprise (601/0048/5)

2 Contents Introduction Page 3 Supervision of candidates Page 4 Unit 01 Introduction to Business and Enterprise Page 5 Unit 03 Finance for Business and Enterprise Page 8 Unit 04 Plan, develop and participate in a Page 10 business or enterprise project Please note: Unit 02 Marketing for business and enterprise is externally assessed. 2

3 Introduction NCFE has created a set of sample tasks for each unit which you can contextualise to suit the needs of your candidates to help them build up their portfolio of evidence. The tasks have been designed to cover all the learning outcomes and assessment criteria for each unit and provide opportunities for stretch and challenge. To allow you the freedom to apply local or topical themes appropriate to your candidates, we ve left the subject of the tasks open for you to design for each unit. You should plan the subject and apply the brief to the tasks in a way that suits your candidates and relates to local need. If you choose to create your own internal assessment tasks, they must: be accessible and lead to objective assessment judgements permit and encourage authentic activities where the candidate s own work can be clearly judged. Grading descriptors have been written for each assessment criterion within a unit. Assessors must be confident that, as a minimum, all assessment criteria have been evidenced and met by the candidate. Assessors must make a judgement on the evidence produced by the candidate to determine the grading decision for the unit as a whole. The grading descriptors for each unit can be found in Section 4 (page 30) of the qualification specification. Assessors should also refer to the grading criteria glossary of terms which can be found in Section 8 (page 68) of the qualification specification and the grading exemplification document found on the website. More information about internal assessment can be found in our qualification specification in Section 2 (page 15). 3

4 Supervision of candidates Teachers are expected to supervise and guide candidates when carrying out work that is internally assessed. Teachers should supervise the work carried out by candidates to: monitor their progress prevent plagiarism ensure that any practical work is undertaken safely and in accordance with health and safety requirements ensure that the work completed is in accordance with the qualification specification and is suitable for internal assessment. Any work submitted for assessment must be authenticated and attributable to the candidate. The Teacher must be satisfied that the work produced is the candidate s own and the candidate must declare that the work is their own. 4

5 Unit 01 Introduction to Business and Enterprise (J/505/2815) Internal assessment tasks Task 1 (AC ) Carry out research into 3 different businesses in your local area. Each of the businesses must have a different type of ownership. Say why you have chosen each of these businesses. Find out: what the business does the type of ownership the types of contracts that staff are employed on the skills that are needed by three different staff members to work in the business the types of customers the business has. Based on your research produce a presentation which: states what the business does outlines the type of ownership identifies the characteristics of each of the different types of business ownership outlines the types of contracts that staff are employed on states the skills needed by 3 different staff members to work in the business states the types of customers the business has, including examples. 5

6 Unit 01 Introduction to Business and Enterprise (J/505/2815) (cont d) Task 2 (AC ) Choose at least 3 different entrepreneurs to find out about. One should be locally based and it could be from one of the businesses you investigated in task 1. Say why you have chosen these entrepreneurs. Carry out research into: what the entrepreneurs do what skills or characteristics they have. Produce a leaflet which describes: who the entrepreneur is what each individual entrepreneur does what skills and characteristics each entrepreneur has the similarities and differences in the skills and characteristics of the three different entrepreneurs (higher level candidates will also describe what makes each entrepreneur successful). 6

7 Unit 01 Introduction to Business and Enterprise (J/505/2815) (cont d) Task 3 (AC 2.4, , ) Think of some ideas for a business enterprise. Make some notes of your ideas you should come up with 3 different ideas. You will use these ideas in Unit 04. Carry out research into your target market for your business enterprise project. Produce a presentation which: outlines your 3 different ideas for a business enterprise (project) (higher level candidates will justify the suitability of their ideas) describes the research into the target market you have carried out describe why you think your ideas are viable as a business enterprise identifies the strengths and weaknesses of each idea for a business enterprise describe at least 3 risks for a new business enterprise describe at least 3 rewards for a business enterprise outlines what a project is explains why a project plan is important (higher level candidates will explore what happens if a project plan is not used) explains, with examples, what must be included in a plan for a business enterprise. 7

8 Unit 03 Finance for Business and Enterprise (L/505/2816) Internal assessment tasks Task 1 (AC , 2.1, , 3.1, 3.2, 4.1) Produce a newsletter which outlines how a business uses different sources of finance and documents to support its financial activities. Relate to your ideas for a business enterprise from Unit 01. Your newsletter should: explain 3 different sources of funding which could be used by a business enterprise, based on your own research compare the 3 different sources of funding and identify the strengths and weaknesses of each source describe at least 2 fixed and two variable costs your business enterprise will have explain the break-even point explain the current guidelines relating to tax, national insurance, and VAT for a business enterprise describe why it is important to keep financial records up to date (higher level candidates will explore what happens if financial records are not kept). Task 2 (AC 2.3, 2.4) Produce financial documents that can be used by the business enterprise. Produce a: cash flow statement for the business enterprise profit and loss account for the business enterprise budget forecast for the business enterprise break even chart showing the break-even point for a product or service from your business enterprise. 8

9 Unit 03 Finance for Business and Enterprise (L/505/2816) (cont d) Task 3 (AC 2.5) Produce a report, using your financial documents from task 3 to support your arguments, to assess the impact of an increase or decrease in sales on: cash flow profit and loss break even point for a business enterprise. Your report must also include an explanation of the strengths and weaknesses of the cash flow forecast and the budget forecast and identify the features of the profit and loss account. 9

10 Unit 04 Plan, develop and participate in a business or enterprise project (Y/505/2818) Internal assessment tasks Task 1 (AC ) You should use evidence from units 01, 02 and 03 to help you complete these tasks. This evidence could be included in the project plan. For example the cash flow forecast could be used in the financial plan. Get into teams of at least 3 and not more than 6. Decide on a name for your team. Using your ideas for a business enterprise from unit 01, present your ideas to the rest of your team. Listen to the rest of your teams presentations. As a team select one idea for a business enterprise to implement, stating why you have chosen it. Identify aims and objectives for the chosen business enterprise. Decide as a team what market research you will each carry out for the project. Carry out your own market research. Record your findings and share these with your team. Assess your findings against the aims and objectives. Amend aims and objectives based on your findings. Your evidence could be diary, notes, copies of questionnaires, copies graphs/charts, presentation or report. 10

11 Unit 04 Plan, develop and participate in a business or enterprise project (Y/505/2818) (cont d) Task 2 (AC 2.1, 2.2) You will develop a plan for your project for a business enterprise. As a team have a meeting and develop a plan for the project. Each team will need one overall plan but each team member should individually make their own notes for each of the items listed below and the team should produce one overall project plan. Keep a record of your contributions to the plan. The project plan should include: aims and objectives for the business enterprise summary of the research you have carried out the marketing the team will carry out to promote the business enterprise a financial plan for the business enterprise a production plan for the business enterprise any costs to make/sell the product or service any risks associated with implementing the business venture any rewards associated with implementing the business venture. Task 3 (AC ) Make a list of the tasks that would need to be carried out to implement the project. Decide who will carry out what tasks. Carry out your own tasks for the project. Keep a diary or notes of the tasks you have carried out, what went well, what didn t go so well, how you communicated with others and how you worked with others during the implementation. Your teacher will write a witness statement detailing your contribution to support your notes/diary. 11

12 Unit 04 Plan, develop and participate in a business or enterprise project (Y/505/2818) (cont d) Task 4 (AC ) Produce a presentation which: evaluates the success of the project against aims and objectives assesses the strengths of your contributions to the business enterprise identifies areas of development of your contributions to the business enterprise. All the material in this publication is copyrighted 12

External Assessment Practice Paper

External Assessment Practice Paper NCFE Level 2 Certificate in Business and Enterprise (601/0048/5) Marketing for business and enterprise This is NOT a live paper This booklet should be used for Task 1