1833 0 obj <>/Filter/FlateDecode/ID[<0BC5FEDC42DE804896A605C58003AB09>]/Index[1820 28]/Info 1819 0 R/Length 83/Prev 341460/Root 1821 0 R/Size 1848/Type/XRef/W[1 3 1]>>stream BTEC Level 3 Business: Unit 3 Personal & Business Finance A1 Function Click the card to flip Definition 1 / 39 Budget Click the card to flip Flashcards Test Created by mtpfiffner Terms in this set (39) A financial plan to effectively and efficiently use a person's limited resources. & \text{G. To record this periods use of a prepaid expense. Measurable UNDERSTAND THE IMPORTANCE OF MANAGING PERSONAL FINANCE Role of money is affected and influenced by a number of factors: personal attitudes towards risk and reward, borrowing, spending and saving life stages (childhood, adolescence, young adult, middle age, old age), key features of each stage, financial needs and implications at each stage culture, including religious and ethical beliefs life events can vary the personal life cycle from individual to individual external influences/trends and the financial-related effects interest rates, cost of borrowing versus reward of saving. alternative response. Z,-lq}r Q <>/XObject<>/Font<>/ProcSet[/PDF/Text/ImageB/ImageC/ImageI] >>/MediaBox[ 0 0 594.96 842.04] /Contents 4 0 R/Group<>/Tabs/S/StructParents 0>> the consumer may receive more interest/pay lower fees (1), Lower interest rates means paying less interest on existing debt. Unit 2: Finance for Business Powerxlvortexgrill Plate.comGet your inspiration flowing with our video \text{Less: Accumulated depreciation} & \underline{(380,000)} & \underline{(190,000)}\\ LEVEL 3 CAMBRIDGE TECHNICAL IN BUSINESS Unit 3: Business decisions. A more mundane business, like Aldi, offers more potential. . \text{Common stock} & \text{$786,600$} & \text{$786,600$}\\ Of course, they should also use contrasting markets for A.P1, emerging, developing and developed as indicated in A1. Margin of safety = 60 - 40. Attainable interrelationships between factors leading to a supported All of the forms required for assessment and verification can be downloaded from the web site. ju dgement/judgements being made. To record this periods earning of prior unearned revenue} & \text{F. To record an accrued revenue. BTEC National Business Unit 3 Resources These fantastic resources are designed to help students maximise their performance in Unit 3 (Personal and Business Finance). Gg. \text{Long-term assets:} & \text{ } & \text{ }\\ They will use market research data and other information to make recommendations about the type of marketing campaign that a business should undertake. BTEC National Business Grade Booster (2023) | tutor2u dollars per unit of A\mathrm{A}A and q=100yq=100-yq=100y dollars per unit of BBB. They should use at least two of these techniques for the award of C.P5 and more for the higher criteria. In order to access the ACS, you will need to complete the form using the following options: You can then complete the rest of the online form providing all the information relevant to your case, attach the assignment brief once you have submitted the case. \text{\_\_\_\_\_\_ 12.} uses specialist te chnical language consistently and fluently. BTEC Business- Unit 3 Finance revision exam Flashcards - Quizlet \text{\_\_\_\_\_\_2.} "Ernie owns a water pump. x]OZAIs &;MU^4 HLR?s8Pu+@G_ pnYc1yFk@bt0">v/{ +L\0[.i5T#Pcn} \m3ix#|4^V@qU"P4(@55S|Y=4v~#,"Si7|pxM5l-`Z Ashridge, Level Mark Award up to 12 marks. Evidence of application demonstrating some linkages and Timely. <. business, Harder to calculate than the straight line method as you Posted at 18:52h in how to respond to i'll do anything for you by cotton collection made in peru. This BTEC National Business Unit 3 online course is currently under development to support the Unit 3 Grade Booster cinema workshops being held for the summer 2022 exam. Prepare a vertical analysis of Fantasy Football's 2018 and 2017 balance sheets. 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 . UNIT 3: PERSONAL AND BUSINESS FINANCE THE EXAM. Pearson BTEC Level 3 Nationals in Business Unit 3 Final Sample Assessment Materials 12 : 0 . PDF Unit 3: Personal and Business Finance - sample mark scheme 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. \quad & \text{Accumulated Depreciation} \ldots\ldots\ldots & \quad & \text{4,000}\\ products may be more suited to their needs (1), Accessibility to a range of services for those without devices or the Evidences thorough application leading to a balanced analysis not worthy of credit according to the mark scheme. In this unit you willl sit a 2 hour written exam in this unit. (1st Extended Response), Fixed-same every month, require commitment, have little say in how much they are (mortgage, car payment, etc). Waiting to buy something that you want until you can truly afford it. The updated course will be fully complete by Feb half-term 2022. Who it's for %%EOF rel ation to the assessment outcomes being targeted by the question. {{navigationJson.popularQualificationtitle}}, {{navigationJson.qualificationcolumnTitle1}}, {{navigationJson.qualificationcolumnTitle2}}, {{navigationJson.qualificationcolumnTitle3}}, Grade boundaries - January 2023 - Edexcel Award Pass Marks, /content/dam/pdf/Support/Grade-boundaries/Edexcel-Award/2301-edexcel-awards-grade-boundaries-v1.pdf, Grade Boundaries - January 2023 - International A Level, /content/dam/pdf/Support/Grade-boundaries/International-A-level/2301-ial-subject-grade-boundaries-v1.pdf, Notional Component Grade Boundaries - January 2023 - International GCSE (9-1), /content/dam/pdf/Support/Grade-boundaries/International-GCSE/2301-intgcse-9-1-notional-component-grade-boundaries-v1.pdf, Grade Boundaries - January 2023 - International GCSE (9-1), /content/dam/pdf/Support/Grade-boundaries/International-GCSE/2301-intgcse-9-1-subject-grade-boundaries-v1.pdf, Grade Boundaries - January 2023 - Project Qualifications, /content/dam/pdf/Support/Grade-boundaries/Project-qualifications/2301-project-subject-grade-boundaries-v1.pdf, Grade Boundaries - November 2022 - GCSE (9-1), /content/dam/pdf/Support/Grade-boundaries/GCSE/2211-gcse-9-1-subject-grade-boundaries-v1.pdf, Notional Component Grade Boundaries - November 2022 - GCSE (9-1), /content/dam/pdf/Support/Grade-boundaries/GCSE/2211-gcse-9-1-notional-component-grade-boundaries-v3.pdf, Grade Boundaries - October 2022 - International A Level, /content/dam/pdf/Support/Grade-boundaries/International-A-level/2210-ial-subject-grade-boundaries-v1.pdf, Grade Boundaries - October 2022 - International Primary and Lower Secondary Curriculum, /content/dam/pdf/Support/Grade-boundaries/International-Primary-Lower-and-Secondary-Curriculum/2210-ipls-subject-grade-boundaries-v1.pdf, /content/dam/pdf/Support/Grade-boundaries/LCCI/lcci-grade-boundaries-july-2022.pdf, /content/dam/pdf/Support/Grade-boundaries/LCCI/lcci-grade-boundaries-june-2022.pdf, /content/dam/pdf/Support/Grade-boundaries/A-level/2206-gce-subject-grade-boundaries.pdf, Notional Component Grade Boundaries - June 2022 - GCE, /content/dam/pdf/Support/Grade-boundaries/A-level/2206-gce-notional-component-grade-boundaries.pdf, Grade Boundaries - June 2022 - Advanced Extension Award, /content/dam/pdf/Support/Grade-boundaries/Advanced-Extension-Award/2206-aea-subject-grade-boundaries.pdf, Grade Boundaries - June 2022 - BTEC Firsts, /content/dam/pdf/Support/Grade-boundaries/BTEC-Firsts/btec-grade-boundaries-l2-firsts-june-2022.pdf, Grade Boundaries - June 2022 - BTEC Nationals, /content/dam/pdf/Support/Grade-boundaries/BTEC-Nationals/btec-grade-boundaries-june-2022-l3-nationals.pdf, Grade Boundaries - June 2022 - BTEC Level 2 Technicals, /content/dam/pdf/Support/Grade-boundaries/BTEC-Level-2-Technicals/btec-technicals-grade-boundaries-june-2022.pdf, Grade Boundaries - June 2022 - BTEC Tech Awards, /content/dam/pdf/Support/Grade-boundaries/btec-tech-awards/btec-grade-boundaries-l2-tech-awards-june-2022.pdf, Grade Boundaries - June 2022 - Edexcel Award pass marks, /content/dam/pdf/Support/Grade-boundaries/Edexcel-Award/2206-level-2-3-edexcel-awards-subject-grade-boundaries.pdf, Grade Boundaries - June 2022 - International GCSE (9-1), /content/dam/pdf/Support/Grade-boundaries/International-GCSE/2206-intgcse-9-1-subject-grade-boundaries.pdf, /content/dam/pdf/Support/Grade-boundaries/International-GCSE/2206-intgcse-9-1-notional-component-grade-boundaries.pdf, Grade Boundaries - June 2022 - Mathematics in Context, /content/dam/pdf/Support/Grade-boundaries/core-maths/2206-l3c-subject-grade-boundaries.pdf, Notional Component Grade Boundaries - June 2022 - Mathematics in Context, /content/dam/pdf/Support/Grade-boundaries/core-maths/2206-l3c-notional-component-grade-boundaries.pdf, Grade Boundaries - June 2022 - Project Qualifications, /content/dam/pdf/Support/Grade-boundaries/Project-qualifications/2206-level-2-3-project-subject-grade-boundaries.pdf, Grade Boundaries - Summer 2022 - T Levels, /content/dam/pdf/Support/Grade-boundaries/t-levels/t-level-grade-boundaries-summer-2022.pdf, {{translateWord(navigationJson.covidTitle)}}, {{translateWord(navigationJson.subjectTitle)}}, {{translateWord(navigationJson.qualificationTitle)}}, {{navigationJson.qualificationcolumn1CTAtext}}, {{navigationJson.qualificationcolumn2CTAtext}}, {{navigationJson.qualificationcolumn3CTAtext}}, {{translateWord(navigationJson.supportTitle)}}, {{translateWord(navigationJson.aboutusTitle)}}, {{translateWord(navigationJson.contactusTitle)}}, Alcester Academy and North Bromsgrove High School, BTEC (Levels 1-3), Employability and Skills, Higher Education, Higher Technical Qualifications (HTQs) and LCCI, View grade boundaries from the most recent exam series. Position increasing the value of the business, Works out 10 800* cheaper (ignoring repair costs) over the life, Interest rates could fall which would reduce the cost, Significant deposit might be required that the business may not have, Could lose the property if it defaults on the loan repayments, Additional installation and delivery cost, which will need to be funded Government and private (religious and secular) organizations offer ___________. In this unit learners examine how businesses adapt their approaches to management in response to challenges in their environment. \text{\_\_\_\_\_\_ 3.} But, remember group evidence is not acceptable, and learners must produce their own, individual evidence of their contribution and participation. accounting concepts, Prevents understating the expense / overstating profits so Courtesy car is an additional cost (but might not want to have this 70 : 54 . What is the formula for calculating simple interest? endobj hb```9, AI@5 \quad & \text{I. matches the learners response and place it within that band. appropriate specialist te chnical language. Unit 3 - Personal FInance. within the levels represent the progression of these skills. 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. Unit 3- Personal and Business finance Flashcards | Quizlet Learners may resit an external assessment to obtain a higher grade of near pass or above. INCOME TYPES OF INCOME Capital income: loan mortgages shares owners capital debentures. Aryan_Dawar. & \text{Cash} \ldots\ldots\ldots & \text{2,000}\\ This page will try and help you understand the assessment of our Level 3 (RQF) BTEC Nationals in Business. internet or who choose not to use this method (1) reducing anxiety of Contains: Revision checklist. Learners should note interview responses when in the interviewer role and make a decision on whether to recruit.