Unit 2 Business LO4

Question 1

What is the impact of not making deadlines?

Answer 1

There will be a delay and the consequence ranges from money wasting, time wasting, reputation damaging.

Question 2

What influences prioritization of tasks?

Answer 2

Urgency of task
Importance of task
Significance of originator
Interactivity of tasks (can other tasks continue without relying on it, does it affect other tasks)
Length of time required to complete task
Complexity of the task
Time commitments (job half-done)
Resource constraints
Diary clashes (pre-booking, people waiting will restrict the task)
Proximity of appointments (time, location)
Suitability of delegation

Question 3

What are examples of employ protocols?

Answer 3

Health and Safety legislation
Equal operations legislation
Contractual obligations

Question 4

What are internal sources of information?

Answer 4

Primary information made by the company, reliable e.g., business objectives, stakeholders budget.

Question 5

What are external sources of information?

Answer 5

Harder information to get a hold of, not reliable e.g., changes of the economy.

Question 6

What are the different types of data forms?

Answer 6

Numerical - spreadsheets,
Graphical - charts and graphs
Tabular - costing, spreadsheets and accounting sheets