For parts 1 and 2 you can use one of the businesses used in Unit 1 to help you with your assignment.


1. Describe how your business manages the following:

- staffing to meet business needs
- monitoring of team performance
- creation of its organisational culture
- motivation incentives (financial and non financial)
- encouragement of new ideas

2. Describe the physical and technological resources used by business. Use the template to highlight the resources they have.

3. Prepare a presentation on where businesses can obtain money from, including both internal and external sources.

4. Explain why costs and budgets need to be controlled.

5. Using the profit & loss and balance sheet, explain the highlighted features of each account. Then calculate the ratios for the business and explain their meaning in terms of the financial health of the business.


Helpful Links:

Ratio formulae