Task 1 (P1) Describe the purpose of accounting for Marks and Spencer. Cover: a) record transactions; b) monitor activity; c) control; d) management of the business (planning‚ monitoring‚ controlling); e) measurement of financial performance (gross profit‚ net profit‚ value owed to and by the business) N>B> Find out if M+S is making a profit or a loss and find up to date data a. This is used to record accurate and up to date information and to upkeep the smooth running of the business. The
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Unit 15: P1 Introduction In this task I shall be creating a fact sheet that identifies the career of my choice and also where the sources of information were retrieved from. Sources of information Findings Date of completion I searched in Google the preferable choice of university I would like to go to and selected a choice that suited me best “Business management”. I went on the university of west minister website to find information about the courses‚ units and also requirements. http://www
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Unit 2 P1 Task 1 - Define aims and objectives. (P1) Businesses set aims and objectives‚ so as to be able to measure their progress towards their stated goals for a particular financial term or business period. Aims indicate where the business wants to be in the future‚ whereas objectives set a clearly defined target for the business. In most businesses‚ plans are drawn up for the business to achieve these aims and targets. Aim - is where the business wants to go in the future‚ its goals. It
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UNIT SPECIFICATION Unit aim The aim of this unit is to ensure that learners understand both the personal attributes valued by employers and the principles of communicating effectively whist developing effective communication skills and addressing their own personal development needs. Learning Outcomes 1) Understand the personal attributes valued by employers 2) Understand the principles of effective communication 3) Be able to use IT to communicate effectively 4) Be able to address
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Task 1 – Human Resources. P1 - Human resource management is the organisation function in a business that deals with issues related to people such as compensation‚ hiring‚ performance management‚ organisation development‚ benefits‚ administration‚ employee motivation and training. It is also a strategic and comprehensive approach o managing people in he workplace culture. INTERNAL PLANNING FACTORS: Retirements/Resignations – Older employees are retiring which means the company will need to
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Criteria P1 Task 1 Produce a poster of the essential elements of a contract then prepare a factsheet explaining the essential elements of a contract in an area of your choice. Examples‚ your own mobile phone contract‚ college contract or other contracts that you are interested in. (Make sure you cover when and how a contract comes in to existence‚ invitations to treat‚ offer‚ acceptance and counter offers.) Criteria M1 Task 2 Taking what you have done with P1 a stage further
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Task Learning Outcomes Pass & Assessment criteria Indicative Guidelines Task 1 LO1 Understand different food and beverage production and service systems P1: discuss the size and scope of the conference and banqueting industry in the UK. (AC 1.1) P2: analyse factors that have influenced its development. (AC 1.2) P1. You need carry out research about the size and worth of the conference and banqueting sector of the hospitality industry. These include the diversity of venues and types of
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Describe the purpose of accounting for an organization P1 * Purpose of Accounting in Business The main aim of any business is to earn profits and also to remain solvent‚ i.e.‚ it should have enough resources to pay its employees‚ creditors and to carry on with the day-to-day activities of the business. The main purpose of accounting system is to prepare financial statements‚ that will help the various external and internal parties of the business to appraise the profitability as well as the
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Unit 7- sociological perspective P1- explain the main principle of sociological perspective. Structuralism: This perspective is interested in describing and understanding the main institutions of society. This includes family‚ education system‚ health services‚ the economy‚ the political system‚ religious groups and the media. In addition‚ structuralism is interested in knowing how these institutions work with each other and how they influence an individuals behaviour. Functionalism: This perspective
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P1- outlines the functions of the main cell components. The human body is organised into five parts:- Cells form… Tissues form… Organs form… Organ systems/ body systems form… The human body. In this assignment I am going to be outlining the functions of the main cell components which include cell membrane‚ nucleus‚ chromosomes‚ cytoplasm‚ mitochondria‚ endoplasmic reticulum‚ Golgi apparatus and lysosome. There are two types of main cells which include eukaryotic and prokaryotic cells. A
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