COM5 Assessment Task 1 Economic and Business Environment
- Subject Code :
COM5
- University :
Other Exam Question Bank is not sponsored or endorsed by this college or university.
- Country :
Australia
Year 10 Commerce Assessment Task 1
Economic and Business Environment
Due Date: Term 1, Week 10 Tuesday 4th April, 2023 |
Weighting: 25% |
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Outcomes Assessed: COM5-1 applies consumer, financial, economic, business, legal, political and employment concepts and terminology in a variety of contexts COM5-2 analyses the rights and responsibilities of individuals in a range of consumer, financial, economic, business, legal, political and employment contexts COM5-3 Examines the role of law in society. COM5-4 Analyses key factors affecting commercial and legal decisions. COM5-5 Evaluates options for solving commercial and legal problems and issues. COM5-6 Monitors and modifies the implementation of plans designed to solve commercial and legal problems and issues. COM5-7 Researches and assesses commercial and legal information using a variety of sources. COM5-8 explains information using a variety of forms COM5-9works independently and collaboratively to meet individual and collective goals within specified timeframes |
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Context: As part of your study in Commerce you have learnt about the Economic and Business environment. You will be required to apply the skills and content you have learnt in this assessment task.
Task Description
Task
Using the stimulus above, you are to write a report recommending to Ronald Mump, some changes he needs to introduce to the economy of Waccovia. Your report must include the following sections: 1. What is market failure? Using the stimulus, outline 3 examples of market failure. 2. Describe the need for government intervention. 3. Make a detailed suggestion for a government intervention to solve one of these problems. 4. Explain how your suggestion will help to solve the chosen problem. You must include a detailed Harvard Bibliography.
You will be assessed on how well you: Demonstrate understanding of market failure Provide characteristics and features of government intervention Make a valid and well thought out suggestion for government intervention Provide how your suggestion will solve the chosen problem Engage in relevant economic and commercial research and write a Harvard Bibliography
Submission Instructions:
Format word-processed, double spaced, size 12 font, Times New Roman or Arial, 700 to 1000 words. This task will be submitted in the Senior school library AND via a Microsoft Teams submission box. Both submissions must be made by 8.50am on the due date - Term 1, Week 10 - Tuesday 4th April, 2023. Extenuating Circumstances:
Assessment task submission time is 8:50am. An extension to complete the assessment may be granted with a dated and detailed Medical Certificate to legitimise the extenuating circumstance. This Medical Certificate must be provided on the day of returning to school attached to an Illness, Misadventure and Special Circumstances (IMASC) Application. Without a Medical Certificate, the assessment will be penalised with a deduction of 20?ch day (including weekends), unless an IMASC Application has been approved for other circumstances. Plagiarism:
AICS has a zero-tolerance policy to plagiarism and students who are found to have plagiarised will receive a zero for their assessment mark, as well as be required to resubmit the task |
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Year 10 Commerce Assessment Task 1
Student Name: .....
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Class: |
Date: ....... / . / .. |
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Marking guidelines: A student in this range |
Mark range |
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Provides a detailed sketch in general terms 3 examples of market failure Identifies and gives comprehensive reasons in favour of government intervention Provides a clear and detailed suggestion with strong links to the stimulus Clearly provides reasons for why the intervention will work Provides an accurate and detailed Harvard bibliography including a wide variety of sources |
17-20 (Extensive) |
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Sketches in general terms 3 examples of market failure Identifies and gives detailed reasons in favour of government intervention Provides a detailed suggestion with links to the stimulus Provides reasons for the intervention Provides an accurate Harvard bibliography including a variety of sources. |
13-16 (Thorough) |
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Sketch in general terms at least 2 example of market failure and identifies at least 1 others Gives some reasons in favour of government intervention Provides a solution to a specified problem, attempting to make some link to the stimulus Makes a relevant statement about why the intervention might work Provides a bibliography including some sources. |
9-12 (Sound) |
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Identifies 3 examples of market failure Identifies the need for government intervention Identifies a type of government intervention OR Identifies how government intervention may work Provides a bibliography including some sources. |
5-8 (Limited) |
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Makes general statements about market failure May make reference to the need for government intervention May make reference to a government intervention strategy Does not provide a bibliography/reference list |
1-4 (Elementary) |
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Teacher comment:
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