Structure of Business Environmental Audit Report: Applying for a Start-Up Loan

Page 1 of 7 [231] BUS0005NFBNM The Structure of Business End of Module Project Date for Submission : Please refer to the timetable on ilearn (The submission portal on ilearn will close at 14:00 UK time on the date of submission) Page 2 of 7 [231] Assignment Brief As part of the formal assessment for the programme you are required to submit a Structure of Business enviro audit report. Please refer to your Student Handbook for full details of the programme assessment scheme and general information on preparing and submitting assignments. Learning Outcomes: After completing the module, you should be able to: 1. Identify the differences between the various business sectors that contribute to the economy. 2. Identify strengths and weaknesses of various legal frameworks in relation to business start - ups. 3. Identify and evaluate strengths and weaknesses of various fina nce generating alternatives a new business may look to. 4. organisation. Maximum word count: 3 000 words Please note that exceeding the word count by over 10% will result in a reduction in grade by the same percentage that the word count is exceeded. You must not include your name in your submission because Arden University operates anonymous marking, which means that markers should not be aware of the identity of the student. However, please do not forget to include your STU number. Page 3 of 7 [231] Assignment Task This assignment is worth 10 0 % of the total marks for the module. Apply for a start - up l oan for your business The UK government has mounted one of the most aggressive economic responses to the COVID - 19 pandemic, pledging billions of pounds to support businesses and Start - Ups through the crisis. T he UK government has pledged the equivalent of 8.5% of GDP towards fighting t he crisis. Much of the spending i s going towards supporting businesses. In light of the above, a gove rnment - backed Start Up l oan of £500 to £25,000 to start or grow business es was introduced . Unlike a business loan, this is an unsecured personal loan. You are considering a career as an e ntrepreneur and you are aware of t he current opportunities , hence your decision to start your own business. To help you develop your ideas further to create a viable busine ss start - up, address the following questions: Apply for a Start - Up Loan for your business Available at: https://www.gov.uk/apply - start - up - loan Question One : a) Construct a table to show the various legal statuses of businesses (such as PLC, LTD , Registered Charity etc) that your business may adopt . Identify the relative s trengths and w eaknesses of these legal statuses. b) Considering your business idea, identify and evaluate the strengths and weaknesses of THREE sources of finance available to you r business start - up. ( Maximum 1500 words) ( 5 0 marks) (LO 2 and LO3 ) Question Two : Ident ify three sectors within the UK economy in which a business can operate. What are the differences between the three sectors? Comment on their value to the UK economy. ( Maximum 75 0 words) (25 marks) (LO1 ) Page 4 of 7 [231] Question Three : I dentify at least two HR policies and comment on their importance to the modern workplace (for example Health & Safety policies and equality and Diversity policies). (750 words) (25 marks) (LO 4 ) In addressing the three questions, you may consider opportunity costs, scarcity and choice, supply and demand and any other concepts you have learnt in this module that you think is relevant. End of questions Page 5 of 7 [231] Formative Feedback You have the opportunity to submit your assignment as a word file to receive formative feedback. The feedback is designed to help you develop areas of your work and to help you develop your skills as an independent learner. Your work must be submitted to your tutor on or before two weeks prior to the assessment submission date . This is to allow time for you to reflect on the feedback and draft your final submission. On foundation year we are able to give you continuous feedback where required. Formative feedback will not be given to work submitted after the ab ove date. Student Guidelines You MUST underpin your analysis and evaluation of the key issues with appropriate and wide ranging academic research and ensure this is referenced using the AU Harvard system. The My Study Skills Area contains the following useful resources: Guide to Harvard referencing http://moodle.bl.rdi.co.uk/guides/HarvardRef/AU_Harvard_Quick_Ref_Guide.pdf Guide to Harvard Citation http://moodle.bl.rdi.co.uk/guides/HarvardRef/AU_Guide_to_Harvard_Citation.pdf You must use the AU Harvard Referencing method in your assignment. Additional notes: Students are required to indicate the exact word count on the title page of the assessment. The word count excludes the title page, tables, figures, diagrams, footnotes, reference list and appendices. Where assessment questions have been reprinted from the assessment brief these will also be excluded from the word count. ALL other printed words ARE included in the word count . the homepage of this module for more information. Page 6 of 7 [231] Submission Guidance Assignments submitted late will not be accepted and will be marked as a 0% fail. Your assessment should be submitted as a SINGLE Word (MS Word) or PDF file. For more module page on iLearn. You must ensure that the submitted assignment is all your own work and that all sources used are correctly attributed. Penalties apply to assignments which show evidence of academic unfair practice. (See the Student Handbook which is on the homepage of your module and also in the Induction Area). Page 7 of 7 [231] Assessment Criteria (Learning objectives covered - all) Level 0 prepares students to function effectively at Level 4. Criteria for assessment at Level 0 reflect the preparatory nature of these modules. Students are expected to demonstrate the acquisition of generic learning skills appropriate for self - managed learning in an HE context. Students are expected to demonstrate that they have acquired th e underpinning discipline - specific skills, knowledge and understanding necessary to undertake a programme of higher education Grade Mark Bands Generic Assessment Criteria First (1) 80%+ Outstanding performance which demonstrates an outstanding knowledge base, supported with wider reading and the ability to begin to analyse the subject area. The work draws widely on relevant theory and shows awareness of any relevant ethical considerations. The work shows an excellent level of compet ence and confidence in managing appropriate sources and materials, initiative and excellent academic writing skills and professional skills (where appropriate). The work is accurately and consistently referenced throughout. 70 - 79% Excellent performance which demonstrates an excellent knowledge base the ability to begin to analyse the subject. The work draws on re levant theory whilst showing some awareness of any relevant ethical considerations. The work shows a high level of competence in ma naging sources and materials, initiative and very good academic writing skills and professional skills (where appropriate). The work is consistently referenced throughout. Upper second (2:1) 60 - 69% Very good performance which demonstrates a sound understanding of the content and some ability to analyse the issues with reference to theory. The work shows a good level of competence in managing sources and materials and some initiative. Academic writing skills are goo d and expression remains accurat e overall. Good professional skills (where appropriate). The work is referenced throughout. Lower second (2:2) 50 - 59% A satisfactory to good performance which shows a decent understanding of the content and makes some reference to theory. The work sh ows a sound level of competence in managing basic sources and materials. Academic writing skills are satisfactory and expression remains accurate overall although the piece may lack structure. Satisfactory professional skills (where appropriate). There is some attempt to reference the work. Third (3) 40 - 49% A basic level of understanding in which there are some gaps in knowledge of the subject, its underpinning theory and ethical considerations. The work shows a basic use of sources and materials. Academic writing skills are limited and there are some errors in expression and the work may lack structure overall. There are some difficulties in developing professional skills (where appropriate). Marginal Fail 30 - 39% A limited level of knowledge in which there are clear omissions in understanding the subject, its underpinning theory and eth ical considerations. The work shows a limited use of sources and materials. Academic writing skills are weak and there are errors in expression and the work may lack structure overall. There are difficulties in developing professional skills (where appropriate). 29% and below A poor performance in which there are substantial gaps in knowledge and understanding. The work shows l ittle evidence in the use of appropriate sources and materials. Academic writing skills are very weak and there are numerous errors in expression. The work lacks st ructure overall. Professional skills (where appropriate) are not developed The work is im itative.