1. Assess how the use of human, technological and physical resources identified in Task 1 and 2 (pass) can help the business to improve its performance.
2. Analyse the reasons why costs and budgets need to be controlled and explain in
detail problems that could arise if left unmonitored.
3. Interpret the profit and loss and balance
sheet to
analyse reasons of poor/good performance and explain why
this is the case.
4. Explain how ratios could be used to monitor the financial state
of an organisation.