Examine how the needs and/or wants of a society are satisfied through business activity, using the example of Nora and her friends starting a local bakery to meet the community's demand for fresh, homemade goods.

Critically evaluate the needs and/or wants of a society, such as the community in which David lives, with reference to SDG 12.

Sophia has $100 to spend on either a new laptop or a new smartphone. If she chooses to buy the laptop, the opportunity cost is the smartphone she could have purchased instead. Define opportunity cost.

Aiden has saved $100 to spend on either a new video game or a new pair of shoes. If he chooses to buy the video game, he will miss out on the opportunity to buy the shoes. Identify the opportunity cost in this context.

Aiden is starting a small farm and wants to understand the essential resources he needs to successfully run it. Define the factors of production that Aiden should consider.

In a small town, Arjun, Kai, and Oliver are starting a bakery. Classify the inputs of their production process (factors of production) into land, labour, capital, and entrepreneurship.

Henry is starting a small bakery and needs to examine the difference between each of the factors of production involved in his business.

Emma is curious about how a local bakery produces its delicious bread. Can you define the stages of production involved in making the bread?

Mason is curious about the different stages of production in the economy. Can you identify examples of activities in the primary, secondary, and tertiary stages of production that he might encounter in his daily life?

Explain the interdependence between each stage of production in a bakery where Zoe, Aria, and Isla work together to create delicious pastries.

Describe the output of the production process in a bakery where Aria, David, and Grace are learning to bake bread.

In a school project, Olivia and Michael are tasked with classifying the output of their production process into goods and services. Can you help them with this classification?

Jackson is planning a birthday party and needs to examine the difference between goods and services to make the best choices for his celebration.

Ethan and Isla are discussing the differences between the private and public sector in the operation of a mixed economy. They decide to analyze how a local hospital, which is publicly funded, compares to a privately owned clinic in their town. What are the key similarities and differences they discover?

Priya is working on a project for her business class where she needs to identify the different types of stakeholders of a business. Can you help her list them?

Demonstrate why different types of stakeholders, such as Zoe, Mason, and Liam, may have an interest in a particular business activity, like the launch of a new eco-friendly product line by a local company.

Argue about the interests of particular type of stakeholders, such as local residents, business owners, and environmental activists in the context of a new shopping mall development in their community, and why some of these interests might be conflicting.

Evelyn is interested in starting her own business. Can you list the functions of an entrepreneur that she should consider?

Explain the role and functions of an entrepreneur, using the example of Arjun, who started a local bakery to serve his community.

Discuss the role and functions of an entrepreneur, like William, in the creation of employment and wealth with reference to SDG 8.

Imagine Samuel and Mia are discussing the factors that encourage entrepreneurship in their business class. What are the key factors they should consider?

Describe enabling factors in fostering an entrepreneurship climate for students like Mia, James, and Mason in their university.

Evaluate factors that enhance entrepreneurship and others that hinder the entrepreneurial spirit, as experienced by Charlotte and Mason in their startup journey.

Arjun is planning to start a new coffee shop and wants to know the services that commercial banks offer to entrepreneurs like him.

Imagine Evelyn, a small business owner, is looking to expand her bakery. Describe the support that commercial banks can offer to businesses like hers.

Discuss the aid offered by commercial banks to entrepreneurs like Evelyn, who is looking to start her own bakery business.

Abigail is starting her own bakery and needs to create a business plan. List the components of a business plan that she should include.

Olivia is planning to start her own bakery. Explain the importance of a business plan for her new venture.

Design a simple business plan for a coffee shop that Arjun wants to open in his neighborhood.

Isla and Hannah are working on a new product for their startup. They need to define research and development and understand its importance for business development.

Describe the role of research and development in the progress of an entrepreneurial activity, such as Zoe's startup that focuses on eco-friendly packaging solutions.

Discuss the role of research and development for business and product development with reference to SDG 9, using the example of Harper's startup that focuses on sustainable technology solutions.

In a group project, Ava, Isla, and Elijah need to collaborate effectively to complete their assignment. Describe effective communication in their team.

In a company called Tech Innovations, Arjun, Harper, and Evelyn often face communication problems during team meetings. Describe the communication problems in this organisation.

In a company where Scarlett and Elijah work, they often face communication problems that hinder their productivity. Explain ways to alleviate these communication problems in their organization.

During a group project, Anika, Sophia, and Scarlett need to decide how to communicate effectively. Name the different types of internal and external communication methods they can use.

In a school project, Noah and Ava need to communicate effectively to complete their assignment. Differentiate between internal and external communication methods they might use during their collaboration.

In a school project, Mia and Michael need to collaborate effectively. Explain the appropriate use of internal and external communication in their project.

Emma is conducting research on ethical and unethical business practices in relation to SDG 13. She wants to explore how companies can contribute to climate action positively or negatively. Can you mention some examples of these practices?

Isla is passionate about climate change and wants to start a social enterprise that addresses environmental issues while contributing to Sustainable Development Goal 13. Outline the role of social entrepreneurship in this context.

Establish the benefits and costs to a business, such as Anika's Eco-Friendly Apparel, of behaving in an ethical manner with reference to SDGs 8, 13.

Outline the costs and benefits resulting from business activity in a small café owned by Zoe.

Explain with examples the costs and benefits resulting from the activity of businesses, such as when Aria starts her own bakery. Consider the expenses she incurs for ingredients and rent, as well as the profits she makes and the community benefits from her business.

Grace, a manager at a local bakery, noticed a decline in sales over the past few months. State the need for initiating change in her business.

In a rapidly changing market, Evelyn, a manager at a tech startup, must show the need for initiating change and responding to change in her business to stay competitive.

Argue about the need for initiating and responding to change in a business, such as when David's company decided to adopt a new technology platform, and how they overcame resistance to change from employees who were accustomed to the old system.

Ethan is starting a new business in Malta and wants to ensure he complies with all regulations. Can you list Maltese entities that support and/or regulate business activity?

Imagine Luna is starting her own business in Malta. Explain the functions of entities in Malta that support and regulate business activity for entrepreneurs like her.

Abigail and Jackson are tasked with analysing how Maltese entities support and regulate business activity in Malta. They need to explore the various frameworks and institutions involved in this process.

Define financial literacy.

Explain what is meant by financial literacy.

Give reasons for the importance of financial literacy as a life-long learning outcome and/or specifically for young people.

List services offered by banks.

Explain the personal services that a commercial bank has to offer.

Critically discuss the use of personal services that a commercial bank has to offer.

Name terms in a bank statement.

Interpret the terms and figures in a bank statement.

Name terms relating to personal budgeting.

Explain terms relating to personal budgeting.

Distinguish personal income from personal expenditure.

Describe a personal, simple, short-term budget taking into consideration expected income, expenditure and any credit repayments.

Develop a personal budget taking into consideration expected income, expenditure and any credit repayments.

Analyse a personal budget taking into consideration expected income, expenditure and any credit repayments.

List business risks.

Describe business risks.

Distinguish between risks faced by businesses including insurable and non-insurable business risks.

Describe means of consumer credit.

Differentiate between consumer spending by cash to consumer spending made on credit from the consumer’s point of view.

Discuss the pitfalls of credit to the consumer with reference to SDG 12.

Define limited liability.

Relate the concepts of limited liability and unlimited liability to various types of business organisations.

Distinguish between unlimited and limited liability.

Outline types of business organisations.

Describe the basic structure and/or key features of business organisations.

Compare and contrast the basic structure and/or key features of business organisations.

Describe a franchise arrangement.

(a)  

Explain how a franchise is set up.

Evaluate the advantages and/or disadvantages of a franchise arrangement to the franchisee and/or to the franchisor.

Define shares and/or bonds (debentures).

Discuss the role of shares and/or bonds (debentures) in financing limited liability companies.

Distinguish between shares and bonds (debentures), with reference to their role in financing limited liability companies.

List the functions of the Malta Stock Exchange (MSE).

Explain the functions of the Malta Stock Exchange (MSE).

Analyse how the Malta Stock Exchange (MSE) supports and regulates business activity.

Describe the features of types of economic systems.

Compare and contrast types of economic system.

Describe the processes of nationalisation and/or privatisation in terms of the public and private sectors.

Explain the reasons why a business can be nationalised or privatised.

Evaluate the arguments in favour of and/or against nationalisation and/or privatisation.

Sketch an organisation chart.

Interpret an organisation chart.

Evaluate the advantages and the disadvantages of various forms of organisation charts.

Outline the advantages and/or disadvantages of different styles of management.

Discuss the advantages and/or disadvantages of different styles of management.

Relate the various historical stages of business development in chronological order.

Compare the various historical stages of business development in terms of the three stages of production.

Outline the main functions of the purchasing department within a business organisation.

Examine the functions of the purchasing department within a business organisation.

Analyse how the functions of the purchasing department influence other departments within the business organisation.

Outline the importance of choosing the right suppliers for a business organisation.

Explain the principles underlying the process of choosing suppliers.

Discuss the process involved in selecting the right suppliers (including scams).

Outline inventory management system.

Explain why a business needs to have a sound inventory management system with reference to understocking and overstocking.

Analyse the benefits for a business to have a sound inventory management system (including the consequences of not having a system).

Explain different production methods.

Evaluate how production methods may change and develop according to the scale of production.

List internal economies and/or diseconomies of scale.

Describe how automation can be used in a business organisation.

Explain the impact of the introduction or increase of automation on a business organisation.

Evaluate the effects of automation on a business organisation by reference to its undesirable effects.

Define sustainable production.

Demonstrate how businesses may become more environmentally friendly through sustainable production.

Evaluate how damage to the environment caused by production can be reduced by government action and sustainable production with reference to SDG 11.

Explain the push and pull factors influencing business location.

State the stages of the recruitment and/or selection process.

Describe the stages of the recruitment and/or selection process.

Evaluate the importance of each stage of the recruitment and/or selection process for a business organisation.

Define a job description and/or a job specification.

Prepare a simple job description and/or a job specification.

Evaluate a job description and/or a job specification.

Identify the different media used for job advertising.

Explain the advantages and/or disadvantages of different media used for job advertising.

Justify the media that should be used for job advertising, within a given scenario.

Define a curriculum vitae and/or, letter of application, and/or an application form and/or letter of resignation.

Prepare a curriculum vitae and/or letter of application, and/or letter of resignation and/or fill in a sample application form.

Evaluate a curriculum vitae and/or a letter of application, and/or a sample application form and/or a letter of resignation.

Discuss how an employee should prepare for an employment interview.

Demonstrate how an employer would prepare for an employment interview.

List the main features of an employment contract.

Explain the main features of an employment contract.

Examine an employment contract for illegal and/or unethical aspects with reference to SDG 8, 10.

State the main duties and rights of both employers and employees.

List the advantages and/or disadvantages of the different forms of training.

Discuss the advantages and disadvantages of the different forms of training for a business organisation.

Outline the concept of motivation at the place of work.

Evaluate critically the misuse of financial and/or non-financial motivators by employers and/or employees.

List ways through which employment can be legally terminated.

Discuss ways through which employment can be legally terminated.

Analyse illegal and/or unethical ways through which employment is terminated.

Discuss the roles and/or aims and/or importance of Trade Unions.

Distinguish between different types of trade unions.

Identify the role of Jobsplus.

Explain the functions of Jobsplus.

Analyse how Jobsplus supports and regulates business activity.