View Unit : Understanding Business Resources Management

Unit

Unit Reference Number

D/503/9309

Qualification Framework

QCF

Title

Understanding Business Resources Management

Unit Level

Level 1

Unit Sub Level

None

Guided Learning Hours

Unit Credit Value

Date of Withdrawal

SSAs

15.3 Business Management

Unit Grading Structure

Pass

Assessment Guidance

None

Learning Outcomes and Assessment Criteria

Learning Outcome - The learner will:		Assessment Criterion - The learner can:
1	Demonstrate knowledge of company resources. (E2: 8+1)	1.1	Define the term ‘company resource’.
1	Demonstrate knowledge of company resources. (E2: 8+1)	1.2	List the resources of a company.
2	Demonstrate an understanding of the factors of production. (E2: 5)	2.1	Outline what constitutes the factors of production.
		2.2	Give a brief description of the inputs and outputs of a company.
		2.3	Outline the circular flow of income.
3	Demonstrate an understanding of the limitations of the resources of a company. (E2: 12 + 15)	3.1	Outline the limitations of the factors of production.
3		3.2	Identify legislation relating to a company’s resources.
4	Understand the basic economic problem. (E2: 16+1)	4.1	Comment briefly on the function of an ‘economy’.
4	Understand the basic economic problem. (E2: 16+1)	4.2	Comment briefly on the ‘basic economic problem’.

Equivalent Units

There are no equivalences to display.