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PearsonBTEC Level 3 NationalinBusinessUnit 3: Personal andBusiness FinanceSampleAssessmentMaterials (SAMs)For use with Extended Certificate, Foundation Diploma,Diploma and Extended Diploma in BusinessFirst teaching from September 2016Issue 5
Edexcel, BTEC and LCCI qualificationsEdexcel, BTEC and LCCI qualifications are awarded by Pearson, the UK’s largest awarding bodyoffering academic and vocational qualifications that are globally recognised and benchmarked.For further information, please visit our qualifications website at qualifications.pearson.com.Alternatively, you can get in touch with us using the details on our contact us page atqualifications.pearson.com/contactusAbout PearsonPearson is the world's leading learning company, with 35,000 employees in more than 70 countriesworking to help people of all ages to make measurable progress in their lives through learning.We put the learner at the centre of everything we do, because wherever learning flourishes, so dopeople. Find out more about how we can help you and your learners at qualifications.pearson.comReferences to third-party material made in this specification are made in good faith, we do notendorse, approve or accept responsibility for the content of materials, which may be subject tochange, or any opinions expressed therein. (Material may include textbooks, journals, magazinesand other publications and websites.)All information in this document is correct at time of publication.ISBN 978 1 4469 4724 1All the material in this publication is copyright Pearson Education Limited 2020
Summary of Pearson BTEC Level 3 Nationals in Business Sample AssessmentMaterials for Unit 3: Personal and Business Finance Issue 5 changesSummary of changes made between previous issue and this currentissueQuestion 10 stem has been updated.Pagenumber9Mark scheme for question 11 (b) has been updated.28Summary of Pearson BTEC Level 3 Nationals in Business Sample AssessmentMaterials for Unit 3: Personal and Business Finance Issue 4 changesSummary of changes made between Issue 3 and Issue 4The total mark for this paper has changed from 100 to 80.Pagenumber1 and 16Question 3 has changed.3Question 4 has been replaced with a new question.4Question 5 has been replaced with previous question 4.5Question 8 has been replaced with a new question.8Question 9 has changed.9Question 10 has changed.9Question 11 has changed.13The sample mark scheme has change according to changed and newquestions.17 to 30If you need further information on these changes or what they mean, contact us via ourwebsite at: tml.Pearson BTEC Level 3 Nationals in Business – Unit 3 – Final Sample Assessment MaterialsIssue 5 – February 2020 Pearson Education Limited 2020iii
ivPearson BTEC Level 3 Nationals in Business – Unit 3 – Final Sample Assessment MaterialsIssue 5 – February 2020 Pearson Education Limited 2020
ContentsSummary of Sample Assessment Material changesiiiPaper 11Sample mark schemePearson BTEC Level 3 Nationals in Business – Unit 3 – Final Sample Assessment MaterialsIssue 5 – February 2020 Pearson Education Limited 202017v
viPearson BTEC Level 3 Nationals in Business – Unit 3 – Final Sample Assessment MaterialsIssue 5 – February 2020 Pearson Education Limited 2020
Pearson BTEC Level 3 NationalsWrite your name hereSurnameLearner Registration NumberForenameCentre NumberLevel3BusinessUnit 3: Personal and Business FinanceExtended Certificate, Foundation Diploma, Diploma, Extended Diploma.Sample assessment material for first teaching September 2016Time: 2 hoursTotalYou must have:CalculatormarksInstructionsUse black ink or ball-point pen.Fill in the boxes at the top of this page with your name,centre number and learner registration number.Answer all questions.Show your working when requested.InformationThe total mark for this paper is 80.The marks for each question are shown in grey boxes– use this as a guide as to how much time to spend on each question.There are two sections: Section A Personal Finance andSection B Business Finance.AdviceRead each question carefully before you start to answer it.Try to answer every question.Check your calculations and show the steps you have used.Check your answers if you have time at the end.Paper referenceXXXX/XXS50318A 2015 Pearson Education Ltd.*S50318A0116*Turn over1/1/1/1/1/1/1/1/1/1Pearson BTEC Level 3 Nationals in Business – Unit 3 – Final Sample Assessment MaterialsIssue 5 – February 2020 Pearson Education Limited 20201
SECTION A: Personal FinanceAnswer ALL questions. Write your answers in the spaces provided.You are advised to spend at least 45 minutes on this section.Customers for financial services have access to a range of products, which are subjectto regulation.1 Give two features of a premium current account.1 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .2 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .Total for Question 1 2 marks22*S50318A0216*Pearson BTEC Level 3 Nationals in Business – Unit 3 – Final Sample Assessment MaterialsIssue 5 – February 2020 Pearson Education Limited 2020
2 Describe the role of the Financial Ombudsman Service. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .Total for Question 2 2 marks3 Explain one advantage to the consumer of using pre-paid credit cards when onholiday. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .Total for Question 3 2 marks*S50318A0316*Pearson BTEC Level 3 Nationals in Business – Unit 3 – Final Sample Assessment MaterialsIssue 5 – February 2020 Pearson Education Limited 202033Turn over
4 Explain two advantages to the investor of purchasing shares in a business.1 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .2 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .Total for Question 4 4 marks44*S50318A0416*Pearson BTEC Level 3 Nationals in Business – Unit 3 – Final Sample Assessment MaterialsIssue 5 – February 2020 Pearson Education Limited 2020
Household debt is at its highest level in a decade. Many families are struggling to payback money they have borrowed. Shekemi has recently taken out a loan for a new carbut is worried that she might not be able to keep up the repayments.5 Discuss why it is important for Shekemi to avoid getting into unmanageable debt. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .Total for Question 5 6 marks*S50318A0516*Pearson BTEC Level 3 Nationals in Business – Unit 3 – Final Sample Assessment MaterialsIssue 5 – February 2020 Pearson Education Limited 202055Turn over
Nick has asked for advice on opening a current account.Nick has gained a place at university, starting in September. Nick’s home is 100 milesaway, so he will need to live in university accommodation. He currently works parttime at McDonald’s and has managed to save over 2,000. His student loan andthese savings will be used to pay for his accommodation costs.Nick has been able to transfer his job to a McDonald’s near the university but won’tbe able to start working there until December. He is concerned about the costs ofstarting university, such as rent and textbooks for his course, and realises that he mayneed to borrow money until his job starts.He likes to socialise and is not keen on cooking his own food.This table gives information on bank current accounts.Table 1: Summary of bank current accounts for studentsCreditinterestProvider66Interest freeoverdraftAdditional UnauthorisedoverdraftoverdraftIncentives 60 Amazonvoucher 70 off a KindleFireHSBC0%Up to 3,000N/AFixed penaltybetween 25and 150Lloyds2% up to 1,000Up to 1,5008.21% 5 dailychargeFree NUS Extradiscount cardNatwest0%Up to 1,500N/AN/ATastecard –50% off foodat certainrestaurantsSantander3% up to 3,000Up to 2,000N/A 5 per dayFree four-year16–25 Railcard*S50318A0616*Pearson BTEC Level 3 Nationals in Business – Unit 3 – Final Sample Assessment MaterialsIssue 5 – February 2020 Pearson Education Limited 2020
6 Evaluate which student current account would be most suitable for Nick. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .Total for Question 6 12 marksTOTAL FOR SECTION A 28 MARKS*S50318A0716*Pearson BTEC Level 3 Nationals in Business – Unit 3 – Final Sample Assessment MaterialsIssue 5 – February 2020 Pearson Education Limited 202077Turn over
SECTION B: Business FinanceAnswer all questions. Write your answers in the spaces provided.You are advised to spend at least 75 minutes on this section.7 Give two types of intangible non-current assets.1 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .2 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .Total for Question 7 2 marks8 Identify two causes for a change in capital for a sole trader.1 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .2 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .Total for Question 8 2 marks88*S50318A0816*Pearson BTEC Level 3 Nationals in Business – Unit 3 – Final Sample Assessment MaterialsIssue 5 – February 2020 Pearson Education Limited 2020
9 Describe how capital expenditure is treated in the financial statements of a business. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Business Unit 3: Personal and Business Finance Extended Certificate, Foundation Diploma, Diploma, Extended Diploma. Instructions Use black ink or ball-point pen. Fill in the boxes at the top of this page with your name, centre number and learner registration number. Answer all questions. Show your working when requested. Information
