PSPMGT006 Develop a Business Case - Assignment Task 1

Assessment Task 1 - Unit Knowledge Test (UKT)

Instructions:

• This is an individual assessment.
• To make full and satisfactory responses you should consult a range of learning resources, other information such as handouts and textbooks, learners’ resources and slides.
• All questions must be answered in order to gain competency for this assessment.
• You may attach a separate sheet if required.
• You must include the following particulars in the footer section of each page of the attached sheets:
  • Student ID or Student Name
  • Unit ID or Unit Code
  • Course ID or Course Code
  • Trainer and assessor name
  • Page numbers
• You must staple the loose sheets together along with the cover page.
• You must attach the loose sheets chronologically as per the page numbers.
• Correction fluid and tape are not permitted. Please do any corrections by striking through the incorrect words with one or two lines and rewriting the correct words.

Resources required to complete the assessment task:

• Learner guide
• PowerPoint presentation
• Unit Assessment Pack (UAP)
• Access to other learning materials such as textbooks
• Access to a computer, the Internet and word-processing system such as MS Word.

Question 1: Answer the following:

1A. Explain the term business goals, and what is the importance of business goals? Answer within 80-150 words.

1B. What is the importance of organisational policies and procedures? Answer within 50 words.

Question 2: Answer the following questions.

2A. Explain any two legal requirements that business must follow within Australia to start the business. Answer within 50-100 words.

2B. Write three organisational policies and processes that you need to follow while developing a business case.

 Question 3: Answer the following question.

3A. Briefly explain the role of finance and accounting in a business. Answer in 30-60 words.

3B. Write three types of financial and accounting issues that you may experience related to the business case.

Question 4: Write the steps involved in the development of the business case. 

Question 5A: Briefly explain the approval process. List key elements of the approval process. Answer within50 – 100 words.

Question 5B. How does the finance approval process work? Answer within 50 – 100 words.

 Question 6: Answer the following questions.

6A. What are the things included in the Australian Consumer law?

6B. Write two main features of the Australian commercial law?

6C. Write three main aspects of the competition and consumer act and contract law?

Question 7: Answer the following questions.

7A. Write federal legislation related to work health and safety (WHS) and environmental sustainability?

7B. Explain workplace health and safety policy in business and write its benefits. Answer in 50-100 words.

Question 8: How does the environment impact the business? Answer within 50-100 words.

Question 9: Answer the following questions.

9A. Write steps to perform a market analysis?

9B. Write three factors to identify threats and opportunities in a business.