BSBOPS601

BSBOPS601Task1V4.1.docx

BSBOPS601

Develop and implement business plans

Assessment Task 1 – Knowledge Questions

Task summary

· This is an open book knowledge test, to be completed in your own time.

· You need to answer all the written questions correctly.

Required

· Access to textbooks/other learning materials.

· Access to a computer and Microsoft Office.

· Access to the internet.

Note- If you do not have access to Microsoft Office, you must save your work as PDF before uploading.

Timing

The due date of this assessment is available on your learning management system.

Submit

· This completed workbook

Assessment criteria

· All questions must be answered correctly for you to be assessed as having completed the task satisfactorily.

· All questions must comply with our ihBC plagiarism and AI policy, where all sources of information are attributed correctly.

Re-submission opportunities

· You will receive feedback on your performance from your Assessor. The feedback will indicate if you have satisfactorily addressed the requirements of each part of this task.

· If any part of the task is not satisfactorily completed, your assessor will provide you with written feedback to guide you on what you must undertake to demonstrate satisfactory performance. This assessment may be re-attempted twice. Your resubmission must be uploaded within three (3) days of receiving your grade of “not yet satisfactory”. You must clearly display “Resubmission” on your resubmitted work.

· You have the right to appeal the outcome of assessment decisions if you feel that you have been dealt with unfairly or have other appropriate grounds for an appeal.

· You are encouraged to consult with your assessor prior to attempting this task if you do not understand any part of this task or if you have any learning issues or needs that may hinder you when attempting any part of the assessment.

Assessment Cover Sheet

Student name:

Student ID

Trainer’s Name:

Date Submitted:

Student declaration:

I declare that:

· I have read and understood all the information provided in relation to the assessment requirements to complete this unit, the instructions and the purpose and processes of undertaking this assessment task

· This assessment is my own work and where other’s works or ideas have been used, I have appropriately referenced or acknowledged them

· I understand that plagiarism is a serious offence that may lead to disciplinary action.

Student signature:

Assessment Task 1: Knowledge Questions

Use this link to help you answer questions: Business plans | business.gov.au

https://business.gov.au/finance

Question 1

a. Describe three (3) major functions of a business plan. (approx. 25 words each)

Answer

Question 2

What are two (2) legislative frameworks that govern a business plan’s:

a. operational function

b. business function (approx. 25 words each example)

Answer

Question 3

a) How does a business strategy impact the business plan’s vision, mission, values and objectives?

b) Give an example of each for a business. (approx. 25-50 words each)

Answer

Question 4

a) Why do some businesses require permits or licenses when undertaking new activity? (approx. 50 words)

b) Give an example of a license or permit relating to a business requiring a business plan. (approx. 50 words)

Answer

Question 5

Describe the essential steps in developing a business plan for a small business. (approx. 100 words)

Answer

Question 6

What steps are involved in monitoring of a business plan? (approx. 100 words)

Answer

Question 7

Describe how customers are accounted for in a business plan. (approx. 100 words)

Answer

Question 8

Describe the budgeting and financial information that is needed in a business plan. (approx. 150 words)

Answer

Question 9

a) What is the role of key result indicators? (approx. 50 words)

b) Give three (3) example of performance objectives and measures that are typically used in business plans. (approx. 20 words each)

Answer

Question 10

Who are the stakeholders involved in developing the business plan?

Answer:

Congratulations on completing your Assessment Task 1. Please remember to submit:

¨ This completed workbook and correct referencing of all information and source material (including AI)

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Question 1	a. Describe three (3) major functions of a business plan. (approx. 25 words each)
Answer
Question 2	What are two (2) legislative frameworks that govern a business plan’s: a. operational function b. business function (approx. 25 words each example)
Answer
Question 3	a) How does a business strategy impact the business plan’s vision, mission, values and objectives? b) Give an example of each for a business. (approx. 25-50 words each)
Answer
Question 4	a) Why do some businesses require permits or licenses when undertaking new activity? (approx. 50 words) b) Give an example of a license or permit relating to a business requiring a business plan. (approx. 50 words)
Answer
Question 5	Describe the essential steps in developing a business plan for a small business. (approx. 100 words)
Answer
Question 6	What steps are involved in monitoring of a business plan? (approx. 100 words)
Answer
Question 7	Describe how customers are accounted for in a business plan. (approx. 100 words)
Answer
Question 8	Describe the budgeting and financial information that is needed in a business plan. (approx. 150 words)
Answer
Question 9	a) What is the role of key result indicators? (approx. 50 words) b) Give three (3) example of performance objectives and measures that are typically used in business plans. (approx. 20 words each)
Answer
Question 10	Who are the stakeholders involved in developing the business plan?
Answer:

Assessment Cover Sheet
Student name:
Student ID
Trainer’s Name:
Date Submitted:
Student declaration:	I declare that: · I have read and understood all the information provided in relation to the assessment requirements to complete this unit, the instructions and the purpose and processes of undertaking this assessment task · This assessment is my own work and where other’s works or ideas have been used, I have appropriately referenced or acknowledged them · I understand that plagiarism is a serious offence that may lead to disciplinary action.
Student signature: