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21 exam-style questions with model answers, plus 35 quick multi-choice questions — every question on the site for this standard, grouped by the 7 pages of notes they come from.
Write a full answer before you reveal the model one — that comparison is where the marks come from. Every block links back to the notes that teach it.
Explain what is meant by a community context in this standard, and give an example of an activity that meets it.
A group plans to sell snacks at lunchtime and donate the profit to a charity.
Explain whether this meets the requirements of the standard, and how it could be improved.
A group must choose between a one-off community fun day with a large expected profit, and a smaller weekly service run over six weeks.
Justify, with TWO reasons, which they should choose for this standard.
State the sections a business plan for this standard must contain, and explain what belongs in the executive summary.
Explain why business goals in this plan must be measurable, and why the plan should also state priorities.
A group's plan states its goals, costs and roles clearly, but nothing about what could go wrong.
Discuss the weakness this creates, and what a comprehensive plan would add.
Explain what a group should include in the marketing section of its business plan.
A group sets its price below its unit cost so that everyone in the community can afford the product.
Explain the consequences of this decision and how the group should plan for it.
A group assigns permanent roles based on who volunteered first, with one person responsible for each task.
Discuss the weaknesses of this approach and how the people section should be designed.
A group has fixed costs of $120 and variable costs of $2.50 per unit, and plans to produce 100 units.
Calculate the unit cost and explain what it tells the group.
Explain why a business activity can be planned to make a surplus and still run out of money, and what the plan should include to prevent this.
A group's cycle one plan has a planned surplus of $23 on $400 of revenue, and depends on selling every unit produced.
Discuss the risk in this plan and justify what the group should change.
State FOUR things a group should record while carrying out cycle one, and explain why each is needed.
Explain why a group should keep a daily log during cycle one, and what happens if they do not.
Halfway through cycle one, a group realises its price is too high and sales are poor. Some members want to cut the price immediately; others say the plan must be followed.
Justify, with TWO reasons, what the group should do.
Explain what a review requires in this standard, and state TWO things a group would compare.
In cycle one a group sold 63 of the 80 units it produced. Six customers were turned away on Tuesday and stock ran out early on Thursday, while Wednesday sales were slow.
Explain what this evidence shows and give a reasoned refinement.
A group's review lists eleven changes for cycle two.
Discuss the problem this creates, and justify how the group should decide what to refine.
Explain what the in-depth review compares, and why this is different from the first review.
A group's refinement — taking pre-orders — reduced unsold stock but did not increase total sales.
Explain how the group should review this refinement.
After two cycles, a group's activity is running well.
Discuss what a refinement of the business plan for the future should contain, and why this step matters.