Level 1 Business Studies Course Outline 2017

Aim
The NCEA Level 1 Business course includes achievement standards from business studies and
accounting. The aim is to give students an introduction to the basic elements of the internal and
external business environment while ensuring they acquire an understanding of financial reporting
and analysis. The focus of the course is business decision making.

Themes of Business Studies:

People in business
Functions of business
Business formation
Business management
Business environment

Big Ideas in Business Studies:

Enterprise businesses are set up as a result of entrepreneurial activities of the business
owner
Sustainability - how a business operates in an environmentally responsible manner, how a
business continues to be economically sustainable
Citizenship the role of business in developing and promoting the well-being of society
Globalisation businesses operate in a global marketplace and face competition from both
inside and outside of NZ
These ideas will flow through the whole course and through into Level 2 and 3 Business, as
will some Maori terms and concepts. The following website is a good dictionary of Maori
terms:
http://www.maoridictionary.co.nz/index.cfm?
dictionaryKeywords=putake&n=1&idiom=&phrase=&proverb=&loan=&search.x=0&search.y=0
 Final Assessment for this course:
Level 1 Business Achievement Standards
Bus 1.1 (90837) Demonstrate an understanding of internal features of a small business
- External 4 credits

Bus 1.2 (90838) Demonstrate an understanding of external factors influencing a small

business - External 4 credits

Bus 1.4 (90840) Apply the marketing mix to a new or existing product - Internal 3 credits
Bus 1.5 (90841) Investigate human resource processes in a business - Internal 3 credits

Level 1 Accounting Achievement Standard

Acc 1.3 (90978) Prepare financial statements for sole proprietors - External 5 credits

External credits are earned through achievement in the final NCE A examinations in
November. Students will sit 2 papers (achievement standards) in the NCEA Business
examination and 2 papers (achievement standards) in the NCEA Accounting examination.

Internal assessments are written assignments:

Human Resources will be worked on at the end of Term 1.
Marketing mix will be worked on at the end of Term 2 and through the start of Term 3.
These assignments will be marked by class teachers and moderated by the
Curriculum Manager or Head of Faculty.

Achieved, Merit and Excellence in Level 1 Business Studies

Command words Evidence
from the
achievement
standards
Achieved Explaining Students explain facts in
context
Stating Students state relevant
business knowledge or a
Maori business concept
Merit Fully explaining Students make connections
between facts and theory.
Including ....to support Students use relevant
business knowledge or
examples or a Maori
business concept to support
explanations.
Excellence Fully explaining and Students make connections
justifying between facts and theory,
and may discuss impacts,
Integrating ... to fully effects or consequences on
support the business, or expand
theory to new contexts.
Students can use relevant
Examples
(Within the context of an employers
responsibilities, a student may write:)
Explain Extreme Edge has 8 part-time
staff members who receive the staffing
roster a week in advance.
State - Extreme Edge must pay its staff
on time each week
Fully explain Extreme Edge has to
pay its staff on time because the pay
period will be set out in their contract,
stating that they will be paid weekly.
Including support The amount each
staff member at Extreme Edge is paid
will vary from one week to the next
depending on how many hours they
work each week, which depends on the
roster and the staff member availability.
Fully explain & justify Extreme Edge
has to pay its staff on time because the
pay period will be set out in their
contract, stating that they will be paid
weekly. If they do not pay staff on time
they may be taken to court for breach
the contract.
 business knowledge or a
Maori business concept to
fully support explanations.
Integrating to fully support the staff
may also get upset, which may affect
how well they provide the climbing
service, leading to poor communication
during the safety briefings before clients
begin to climb. This may impact on the
quality of the customer service and
discourage clients from using word-of-
mouth referrals to their friends, which is
the main form of advertising used by
Extreme Edge.

Content of the Course:

(See 11 Business Planner on last page to identify which weeks these topics will be taught and when
assessments occur)

Business Formation
Students will develop an understanding of how and why business is established
Types of Business (Bus 1.1)
Students will identify and describe different types of business entities.
define and recognise the legal entities of business ownership ie sole trader, partnership and
registered company
explain reasons for different forms of legal entity
explain advantages and disadvantages of each type of entity

Entrepreneurship (Bus 1.1)

Focus what drives some people to set up businesses? What attributes do entrepreneurs have?

Students will investigate the attributes of a person who uses skills and risk taking ability to develop a
business concept.
define entrepreneur
identify entrepreneurial skills and characteristics ie risk assessment, organised
describe reasons for becoming an entrepreneur
explain the reasons entrepreneurs succeed or fail

Business Objectives (Bus 1.1)

Students will understand the essential planning required in setting up, maintaining and meeting the
businesss aims and objectives.
outline the main objectives that a business might have
SMART objectives, strategic and tactical objectives
understand the need for a business to plan

People in Business
Recruitment (Bus 1.5)
Focus why do businesses need to be careful when recruiting new staff?

Students will understand the process involved in effective staff selection and the costs involved in
recruiting employees.
identify reasons for business staffing needs (retirement, redeployment, replacement and
redundancy)
describe employee skills and other resources required in a specific position (job analysis)
understand the components of a job description ie who, where, what, when, how and why
understand the components of a person specification ie experience, qualifications, skills and
personal characteristics
 identify a range of appropriate methods which a business can use to find applicants for
vacant positions
understand the process of recruitment ie screening, short-listing, interview, and testing
understand the recruitment offer and acceptance process eg letters of offer and contracts
recognise information which should be given in the welcome (powhiri and whakatau-
speaking) and induction

Employer Employee Relations (Bus 1.1)

Focus both the employer and the employee have rights they can expect and responsibilities to
each other

Students will identify the rights and responsibilities of the employer and the employee.
understand the rights and responsibilities of an employer eg pay the employee on time,
provide a contract, fair pay, ensure adequate working conditions
understand the rights and responsibilities of the employee eg punctuality, complete tasks
required, loyalty to organisation
explain the effects of either party failing in their responsibilities

Business Communication (Bus 1.1) taught at the end of T3, start of T4

Focus why is it important to communicate effectively in business?

Students will understand the nature and importance of how people communicate effectively,
including methods, mediums, processes and barriers.
define business communication
describe the process of communication
identify types of communication eg internal and external, one-way and two-way, formal and
informal
identify the methods of communication available to a business eg written, verbal and oral
identify the mediums ie email, memos, face-to-face discussions, notice boards, meetings
appreciate the importance of effective business communication and barriers to
communication
explain the advantages and disadvantages of the types and methods of communication.
Turanga = foundation or position

Level 1 Business trip to Extreme Edge, Indoor Climbing business to interview owner
about establishing his business

Funding Options for Business (Bus 1.1)

Focus different types of funding have different costs

Students will identify the various types of finance available to establish a business.
identify the reasons a small business needs finance
identify the types of funding available - short term and long term, internal and external
explain the advantages and disadvantages of different types of funding

Business Management
Focus why do businesses keep financial records? If profit is a goal for a business it needs to keep
track of revenue and expenses.

Business Success (Bus 1.1)

Students will understand how businesses plan, implement and monitor their business goals and
objectives and identify ways to improve or make change.
identify key factors which influence business success or failure
understand the importance of annual reports and business plans and how they reflect
business results
explain how business failure can create new opportunities
Accounting for internal and external stakeholders (Acc 1.3)
Students will be able to
Report financial information for sole proprietors including understanding the components of
financial statements and preparing financial statements (income statement, balance sheet
and cash budget)
Recognise income and expense items, classifying into expense categories appropriate to the
organisation
Recognise assets and liabilities, classifying into current and non-current, with NCA further
split into PPE, investment assets and intangible assets
Incorporate balance day adjustments into the trial balance and from this prepare final
statements.

Marketing Mix (Bus 1.4)

What is marketing? Students will understand that marketing means more than
advertising and be able to identify the role of the marketing department of a
business.
Market research both qualitative and quantitative, research methods (primary and
secondary)
Market segmentation and target markets
Marketing mix
Product research and development, features, quality, USP, product life cycle,
packaging
Promotion advertising, sales promotions, publicity, social media and other
alternative methods
Place distribution channels and location
Price pricing strategies (cost-plus, promotional, differential, penetration pricing,
skimming, competitor pricing)

Business Environment
Stakeholders (Bus 1.2)
Students will identify the stakeholders in a business and understand their purpose and objective.
identify internal and external stakeholders of a business
compare the difference between the purpose (importance) of a stakeholder to a business
and the needs (objectives) of a stakeholder from a business
understand that different stakeholders may have conflicting objectives

Legal Influences (Bus 1.2)

Students will identify and understand the need and use of legislation with regard to business activity.
understand why there is a need for legislation on business activity
understand the Acts that apply to businesses ie Employment Relations Act 2000, Consumer
Guarantees Act 1993, Fair Trading Act 1986, Health and Safety in Employment Act 1992
explain the impacts on business (costs and benefits of complying) with the legislation

Economics Influences (Bus 1.2)

Students will identify economic influences on business.
define the business cycle
discuss the impact(costs and benefits) the different stages of the business cycle have on
small businesses in New Zealand

Environmental influences (Bus 1.2)

Students will develop an awareness of the need for business to operate in an environmentally
responsible manner.
define environmental sustainability
 understand why there is a need for business to operate in an environmentally sustainable
manner
explain the costs and benefits of a business practising in an environmentally friendly manner
outline how environmental factors such as weather patterns and local government
regulations relating to waste management and pollution influence small businesses in New
Zealand
discuss the impact (costs and benefits) of these environmental factors on small business in
New Zealand
Kitiakitanga = protecting and saving resources for future generations by managing them in a
sustainable manner, so that the resources regenerate and are renewable.
Turanga = position or foundation
Rangatiratanga = sovereignty
Putake = the cause, reason or origin
Tikanga = ethical framework

Competition in the Local Business Environment (Bus 1.2)

Students will develop an awareness of the local marketplace and identify competition arising from
this environment.
define the local business environment
define the local business environment
discuss advantages and disadvantages for businesses and consumers of local competition

Assessment calendar - 11 Business Studies

Assessment title AS Short Internal or Term Week Date
number Practice
External
Test 1 on Internal Bus 1.1 Practice 1 6 Monday, March 6th for Bus 3
features of a business External (RLE), Bus 6 (JLE)
Tuesday March 7th for Bus 2
(JLE), Bus 5 (KMK)
Human Resources Bus 1.5 Internal 1 10 Mon April 3rd, 8.30 am
Internal
Test 2 on Final Acc 1.3 Practice 2 2 Tuesday, May 9th for Bus 5
Statements External (KMK)
Wednesday May 10th for Bus 2
(JLE), Bus 3 (RLE), Bus 6
(JLE)
Examination 1 Bus 1.1 Practice 2 4
Acc 1.3 External
Marketing mix internal Bus 1.4 Internal 3 1 Fri July 28th, 8.30 am

Test 3 on external Bus 1.2 Practice 3 6 Monday, Aug 28th for Bus 3
features of a business External (RLE), Bus 5 (KMK)
Tuesday Aug 29th for Bus 2
(JLE), Bus 6 (JLE)
Examination 2 Bus 1.1 Practice 3 7/8
(preliminary) Bus 1.2 External
Acc 1.3

Students will be reminded of all dates for completion of assessed assignments and tests at least
one week in advance by the subject teacher. Any change of date will be communicated to students
at least one week in advance.

Specific policies relating to the Marketing mix internal assessment

This internal assessment is a final assessment which carries 3 credits.
Students will need to work individually on a chosen product to produce an individual
assignment. Students will submit their choice on product to the teacher, to avoid duplication
 and to gain feedback as to the suitability of choice of product.
This internal assessment will be due in at 8.30 am on Friday July 29th to the drop box by
the Humanities-Commerce workroom or handed to the subject teacher. Any student
requesting an extension must see the Principals Nominee, Mr Burge, prior to the due date if
possible, not the subject teacher.
There will be one resubmission opportunity for this assessment
Internal moderation will occur between teachers of Level 1 Business, through cross checking
of a sample of each teachers marking.
Assignments will be stored in the Humanities Commerce Faculty through the 12 months
following submission, as they may be externally moderated.
Any appeal of grade will be to the Curriculum Manager, Mrs Lewis. If the student is in Mrs
Lewis class, appeal of grade will be to the Head of Faculty, Mr Lewis. Appeals need to
occur within 2 days of the return of work. If a student is not satisfied with this process a
formal appeal to the Principals Nominee needs to be made in writing within 2 weeks of the
return of work.
It is the responsibility of each student to back up their assignment work at regular intervals.
The work should be backed up on a separate device (eg a flash drive) and the backup
should be stored in a separate location from the primary version.

Specific policies relating to the Human Resources internal assessment

This internal assessment is a final assessment which carries 3 credits.
Students will need to carry out research in groups in order to be prepared to complete their
individual report on the human resources processes of the business in Week 10 of Term 1.
This internally assessed standard requires students to work in collaboration to gather data
through an interview of a business person. A student who is absent for a significant portion
of the time allocated for collaboration will not be able to achieve credits for this standard.
This internal assessment will be due in at 8.30 am on Monday April 3rd (Week 10, Term 1)
to the drop box by the Humanities-Commerce workroom or handed to the subject teacher.
Any student requesting an extension must see the Principals Nominee, Mr Burge, prior to
the due date if possible, not the subject teacher.
Internal moderation will occur between teachers of Level 1 Business, through cross checking
of a sample of each teachers marking.
There will be one resubmission opportunity for this assessment
Assignments will be stored in the Humanities Commerce Faculty through the 12 months
following submission, as they will be externally moderated.
Any appeal of grade will be to the Curriculum Manager, Mrs Lewis. If the student is in Mrs
Lewis class, appeal of grade will be to the Head of Faculty, Mr Lewis. Appeals need to
occur within 2 days of the return of work. If a student is not satisfied with this process a
formal appeal to the Principals Nominee needs to be made in writing within 2 weeks of the
return of work.
It is the responsibility of each student to back up their assignment work at regular intervals.
The work should be backed up on a separate device (eg a flash drive) and the backup
should be stored in a separate location from the primary version.

Weightings for Reports and Prize-giving

Midyear report attainment grade will be based on an average of the following:
grade in Test 1 (Bus 1.1) x 4
grade in HR Internal Assessment (Bus 1.5) x 6
grade in Test 2 (Acc 1.3) x 5
grade in Exam 1 part 1 (Bus 1.1) x 4
grade in Exam 1 part 2 (Acc 1.3) x 5**

Prize-giving position and Final report attainment grade in the subject will be an average of the
following:
grade in Test 1 (Bus 1.1) x 4
 grade in HR Internal Assessment (Bus 1.5) x 6
grade in Test 2 (Acc 1.3) x 5
grade in Exam 1 part 1 (Bus 1.1) x 4
grade in Exam 1 part 2 (Acc 1.3) x 5
grade in Marketing Internal Assessment (Bus 1.4) x 6
grade in Test 3 (Bus 1.2) x 4
grade in Exam 2 part 1 (Bus 1.1) x 4
grade in Exam 2 part 2 (Bus 1.2) x 4
grade in Exam 2 part 3 (Acc 1.3) x 5

** weightings are based on credits earned by each achievement standard, apart from the Internal
assessments, Bus 1.4 and 1.5, where the weighting are doubled

General Kristin School Assessment Policies and Procedures

Attendance
Students must not be absent from class without reasonable excuse - school attendance
procedures must be followed. No consideration for extension or exemption of deadlines will
be given to students whose absence is willful such as truancy, assistance with family
business, family trips, and leaving school earlier than the course completion date.
When there is a reasonable excuse for absence, the normal procedures for applying for an
extension / exemption (derived grade) must be adhered to
note that the amount of time missed must not be prejudicial to the satisfactory
completion of the course/unit in that subject

If a student is absent for an assessment, or in the period leading up to an assessment

deadline, the following Kristin senior school policy applies:
Time extensions will not be given to students by subject teachers. If there has been a
significant absence due to illness and a medical certificate has been produced, the
Principals Nominee to NZQA may award an extension for an assessed assignment. In all
cases extensions must be arranged before the due date where possible. Each case will be
decided by the Principals Nominee. (PN)

Collaborative assignments
Some internally assessed standards require students to work in collaboration and to
present as a group. A student who is absent for a significant portion of the time allocated for
collaboration will NOT be able to achieve credits for this standard. A student who is absent for
a group presentation will NOT be able to achieve credits for this standard.

Submission of assignments
Students will be reminded of all dates for completion of assessed assignments and tests at
least one week in advance by the subject teacher. Any change of date will be
communicated to students at least one week in advance.

The due date for an assessed assignment is the LAST DATE on which students can gain
credit for their assignment without PRIOR negotiation with the Principal's Nominee.

Missing deadlines:
If a student is absent on a school trip or other Principal approved activity on the day an
assignment is due, the assignment must be handed in before departure.

If a student is ill on the due date of an internally assessed assignment, arrange to have
someone bring in the assignment. Failing that, a medical certificate must be brought in
upon returning to school. The student must bring this and the assignment to the Principals
Nominee to NZQA who will complete an Application for Extension form.
Assignments for internal assessments handed in late, without prior approval from the
Principals Nominee, will receive a Not Achieved grade.

Requests for extensions

Please see attendance above

Authenticity
When writing assignments for internal assessment tasks, students will be required to
show work in progress to their teacher. This allows for constructive feedback and
advice, and also assists the teacher in ensuring that the work has been produced by
the student.
Any student found guilty of malpractice will be penalised. He / she will receive no
grades for the whole of that assignment / test.
Any student who knowingly allows their work to be copied will be deemed guilty of
collusion and may also be given no marks for that assignment.
Quotes must be acknowledged. Copying from texts is unacceptable.
For assessment not done under test conditions, students will be required to sign a
form for each assessment stating that it is authentic and original.
Reassessment/resubmission opportunities
A resubmission can be offered when students have made mistakes which they should be
capable of discovering and correcting on their own. By definition, the problem should be
capable of rapid resolution. A resubmission must take place before feedback on the
assignment is given to the whole class.

The teacher will inform students whether a resubmission opportunity will be offered for any
achievement standard. The opportunity will take place within 3 days of the work being
assessed and returned to students.

Derived grades
For Externally assessed standards students who miss an NCEA examination or do not
perform to ability due to illness or unavoidable circumstances may apply for a Derived
Grade (Compassionate Consideration). Forms for this are on the NZQA website
(www.nzqa.govt.nz) or may be obtained from the Principals Nominee (Mr Burge). A doctor needs to
complete the medical section of this process. The Principals Nominee will then seek evidence of
achievement in the affected standards from the student's teachers.

It is very important that students perform to the best of their ability throughout the year in
practice external assessments so that, in the event of an application for a derived grade,
there is evidence of the students best work.

Retention/storage of work
The teacher will keep a copy of all assessed work which may be required for moderation,
for at least 12 months.
Students must keep their own personal record of marks as well as their own course work
and test / examination scripts.

Students and parents are encouraged to regularly check the Parents Portal for assessment
calendars and assessment grades, and also the NZQA website (www.nzqa.govt.nz) for
updates of grades, standards entered and other information. Please be aware that there is
a time lag between when an assessment is marked and handed back and when the grade
appears on the NZQA website.

Storage of work by students

It is the responsibility of each student to back up their assignment work at regular intervals.
The work should be backed up on a separate device (eg a flash drive) and the backup
should be stored in a separate location from the primary version. Formal drafts, on which a
student might receive feedback, should be saved as separate documents from any later
drafts or final versions.

Moderation
All assessed student work will be subject to moderation, in order to ensure that assessment
is fair, consistent and in accordance with the national standard. Moderation will consist of a
combination of:
Pre-assessment scrutiny of assessment tasks
Pre-marking moderation of sample student work
Allocation of marking so that a single teacher assesses the whole cohort for a
particular section of the task
Post-marking moderation

Appeals
Students have a right of appeal concerning the grades they receive for an assessed
assignment or a test. This includes decisions made concerning misconduct or authenticity
issues relating to assessments.
In the first instance, the student should approach the teacher or the Curriculum Manager to
settle any problems relating to the allocation of grades, a decision made due to misconduct
or authenticity issues. In the case that the student is not satisfied by this process, then a
formal appeal may take place.

A formal appeal is lodged in writing with the Principals Nominee to NZQA within 2 weeks of
the assessment having been returned to students. The appeal will be considered in
consultation with the Curriculum Manager, the Dean and the Senior School Principal. The
result of the appeal will be communicated in writing to the parents.