Description

        Associated Assessment Criteria for Exit Level Outcome 1:

The main areas of small business management are explained.
An explanation of the key terms, concepts, principles, rules and theories of small business management is given.
Success factors unique to small business are identified and explained.
> Range: Success factors may include, but are not limited to: Ways of improving the success rate, financing small business, the effect of regulations, information sources.
Contemporary concepts and techniques essential to managing corporate human resources pertinent to a small business are explored.
> Range: Contemporary concepts and techniques may include, but are not limited to: Resource planning, staffing, rewards, developing people and maintaining positions.
The forces influencing the marketing process pertinent to a small business are explored.

Associated Assessment Criteria for Exit Level Outcome 2:

Ethical behaviour guidelines are drawn up for a small business.
Ethical implications of decisions and actions are described.
> Range Ethical implications may include, but are not limited to: Intellectual property issues, privacy, copyright, confidentiality, computer software usage, propriety processes, design principles, data management and security.
The importance of ethical behaviour within a small business context is explained.
Procedures to encourage ethical behaviour in a small business context are designed.

Associated Assessment Criteria for Exit Level Outcome 3:

Appropriateness of different sources of information is evaluated.
Appropriate information related to the small business environment is selected.
Information contained in different types of business correspondence is analysed and interpreted.
Appropriate communication techniques and technologies are evaluated in terms of their usefulness for a small business.
Business correspondence is written in the context of small business operations.
> Range: Business correspondence may include, but is not limited to: Proposals, reports and operational instructions, letters.

Associated Assessment Criteria for Exit Level Outcome 4:

A budget is developed for a department within a business.
A long-range budget forecast is drawn-up and assessed in terms of its impact on operational planning.
The potential of e-commerce is identified and explored in terms of its impact on small business practices.
Various business calculations are done.
> Range: Various business calculations may include, but are not limited to: Formulas, financial calculators, computer software and interest tables.

Associated Assessment Criteria for Exit Level Outcome 5:

The elements of a business plan are identified and explained in terms of what should be included.
An organisation structure is compiled for the proposed business to determine how a business plan can best be integrated.
Resources and information required to complete the proposed business plan are identified.
A business plan is compiled to suit the nature of the business.

Integrated Assessment:

Assessment practices must be open, transparent, fair, valid, and reliable and ensure that no learner is disadvantaged. Learning, teaching and assessment must be in line with one another.

The term ‘Integrated assessment’ implies that theoretical and practical components are assessed together. During integrated assessments the assessor makes use of formative and summative assessment methods and assesses combinations of practical, applied, foundational and reflective competencies.

A variety of methods are used in assessment. Tools and activities must be appropriate to the context in which the learner is working. Where it is not possible to assess the learner in the workplace or on-the-job, simulations, case studies and other similar techniques may be used to provide a context appropriate to the assessment.

Assessors assess and give credit for the evidence of learning that has already been acquired through formal, informal and non-formal learning and work experience.

The assessor determines learners’ competency pertaining to the Exit Level Outcomes by using formative and summative assessment methods.

Assessment methods include:

Self-assessment activities.
Knowledge tests.
Case studies.
Report writing.
Research and project based assignments.
Written examinations.