Assessment 1 Management and Legal
Assessment 1 Management and Legal
Assessment 1 Management and Legal
Clustered units
BSBSMB401A
Establish Legal and risk management requirements of a small business
BSBSMB404A
Undertake small business planning
Students name
Students Assessment I.D.
number
Date lodged
Declaration
Student Instructions.
You are required to answer the questions provided and submit to your assessor for marking. Assessment for this module is an
holistic assessment and is based on;
Part A:
Part B:
Part C:
Part D:
Part E:
MISSION AUSTRALIA
11 Cleveland Street
STONES CORNER, Queensland 4120
Student
Instructions
Once you have completed filling in your answers in the areas below, make sure you
have your full name and password included, then please attach this assessment as an
attachment and email or upload to your coach/trainer for marking.
Assessors name:
Q1
Satisfactor
y response
Yes
No
Answer:
Executive summary, Management & Legal Plan, Marketing Plan,
Q2
25 May 2016
Objectives specify time (i.e. in the next month I aim to make $2.50
total business profit), whereas Business Goals are more vague (I want
the business to eventually be making more than $20.00 per year)
25 May 2016
Q3
Research Methods
Primary Research
Secondary
Research
Qualitative
Research
Quantitative
Research
Q4
Response:
(enter the
correct
definition
number)
Definition
1 Is based on information gleaned from
studies previously performed by government
agencies, chambers of commerce, trade
associations, and other organizations.
2 Ascertaining how people feel about your
product or service and can involve focus
groups.
3 Research involves getting original
data directly about the product and market.
3
1
2
Legislations
Definition
Competition and
Consumer Act
number)
Equal Employment
Opportunity
Consumer
Protection
Work Health and
Safety Act
3
1
Q5
Name three (3) specialist services you could use for your business.
Q6
25 May 2016
Q7
Sole Trader
Trust
Q8
Company
Structure Type
Partnership
3
1
3
4
Q9
Stands for:
1
2
3
4
5
6
7
Pay as you go
Australian Business Number
Goods and Services Tax
Tax File Number
Business Activity Statement
Instalment Activity Statement
Pay as you go withholding
P.A.Y.G.
A.B.N.
G.S.T.
T.F.N.
B.A.S.
I.A.S.
P.A.Y.G.W.
Q10
Q11
Answer: 5 Years
Name the six main elements of a valid contract.
25 May 2016
25 May 2016
Q12
Q13
1.
Name one (1) business insurance type for each of the following
categories;
Insurance type
Response:
Compulsory
Public Liability
Insurance
Essential Insurance
Desirable Insurance
Professional Indemnity
Burglary
Q14
Where can you go to find out if you need a licence or permit to operate
your new business venture?
Q15
Q16
Satisfactory
25 May 2016
S = Satisfactory
Holistic Assessment Results
Result
NYS
Part D: Projects
Project 1 Establish legal and risk management requirements of a small business
Project 2 Workplace Health and Safety
Project 3 - Risk Management Plan
25 May 2016
NYC Procedure (Where an NYC appears in the Awarded Grade box, the following is to be followed)
Student to arrange extra tuition on ______/_____/_________ at _____________.
Re-sit assessment required by _______/________/__________.
Additional work required.
Other:
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Module Assessment Result
Business
Coach/Trainers
Name
Lead Assessors
Name:
eSignature code
or Signature:
Date:
eSignature code
or Signature:
Date:
Awarded Grade
Competent
Not Yet Competent
Assessors feedback:
25 May 2016