43 implement and monitor agreed improvements in line

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Finite Mathematics for the Managerial, Life, and Social Sciences: An Applied Approach
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Chapter 6 / Exercise 54
Finite Mathematics for the Managerial, Life, and Social Sciences: An Applied Approach
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4.3 Implement and monitor agreed improvements in line with financial objectives of the work team and the organisation Assessment/evidence gathering conditions Each assessment component is recorded as either Satisfactory (S) or Not Satisfactory (NS). A student can only achieve competence when all assessment components listed under Purpose of the assessment section are Satisfactory. Your trainer will give you feedback after the completion of each assessment . A student who is assessed as NS (Not Satisfactory) is eligible for re-assessment. Resources required for this Assessment Upon completion, submit the assessment to your trainer along with assessment coversheet Refer to the subject notes on E-Learning prior to responding to the tasks/questions Any additional material will be provided by Trainer Instructions for Students Please read the following instructions carefully This assessment has to be completed In class At home The assessment is to be completed according to the instructions given by your assessor. Feedback on each task will be provided to enable you to determine how your work could be improved. You will be provided with feedback on your work within 2 weeks of the assessment due date. All other feedbacks will be provided by the end of the term. Should you not answer the questions correctly, you will be given feedback on the results and your gaps in knowledge. You will be given another opportunity to demonstrate your knowledge and skills to be deemed competent for this unit of competency. If you are not sure about any aspects of this assessment, please ask for clarification from assessor. Please refer to the College re-assessment and re-sit policy for more information. Managing Finance, Assessment No. 1 Page 3 v1.1, Last updated on 08/09/2014
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Finite Mathematics for the Managerial, Life, and Social Sciences: An Applied Approach
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Chapter 6 / Exercise 54
Finite Mathematics for the Managerial, Life, and Social Sciences: An Applied Approach
Tan
Expert Verified
T-1.8.1 INSTRUCTIONS: This is an in-class assessment and you are required to work on this assessment on a week-by-week basis. This assessment includes tasks such as short questions, checking and corrections of accounting methods, accurate data entry, preparation and authorization, filing documentation and relevant knowledge testing of financial transactions & interim reports . Marking allocations and marking table at the end of this assessment document. Managing Finance, Assessment No. 1 Page 4 v1.1, Last updated on 08/09/2014
T-1.8.1 Week 1: Task 1: Give some examples for the following costs: Direct cost Definition:
___________________________________________________________________________ Examples of direct costs are:
___________________________________________________________________________ Indirect cost Definition. Indirect costs on the other hand are expenses such as rent, administrative salaries, and utilities that cannot really be traced back to any specific job. __________________________________________________________________________________ Examples of indirect cost.
____________________________________________________________________________ Managing Finance, Assessment No. 1 Page 5 v1.1, Last updated on 08/09/2014

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