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SITXFIN005 - Manage physical assetsSection A1. Read a complex asset description and explain the meaning of it to another learner.You should be able to understanding and interpret complex product specifications andcommunicate this information. The asset description may need to be provided by the assessor.2. With another learner, roleplay negotiating the price and conditions of an asset. Take turnsplaying the role of buyer and the seller.You should be able to use oral communications to clearly and persuasively negotiate financialtransactions with suppliers. Conditions may be the type of purchase and data of delivery.3. Analyse numerical information about an asset and explain the meaning of it to anotherlearner.You should show the ability to analyse and interpret financial information, such as estimates,deprecation or financial agreements, and convey the meaning clearly. You should also show theability to consider and research ways for the organisation to expand, and use the research todetermine the viability of it.4. Identify an issue or problem in the workplace. Research a new physical asset which maysolve it and enhance the business’s performance. Give details of it.Problems in the workplace may relate to lack of physical assets or inappropriate ones and beable to evaluate current asset needs and the financial ability to fulfil it, showing problem-solving skills.5. With other learners, discuss a proposed improvement for a physical asset that you identifiedin a previous question.You should show the ability to conduct discussions regarding physical assets with other teammembers. They don’t need to accept all of the opinions but should take their feedback intoaccount.