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Questions and Answers
What is a business tool?
What is a business tool?
A business tool is any asset that helps or assists the organization to achieve its stated aims or objectives.
Which of the following items can be considered a business tool? (Select all that apply)
Which of the following items can be considered a business tool? (Select all that apply)
- Stoves (correct)
- Mobile Telephones (correct)
- Magnifying Glass
- Digital Cameras (correct)
A stapler is considered a significant item for a business.
A stapler is considered a significant item for a business.
True (A)
Finding the tool requires a tool ______ to ensure items are locatable.
Finding the tool requires a tool ______ to ensure items are locatable.
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What are some methods to record details of business tools?
What are some methods to record details of business tools?
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What is a criterion to identify a portable business tool?
What is a criterion to identify a portable business tool?
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Study Notes
Unit 1: Access And Use Common Business Tools
- Performance criteria include identifying, using, obtaining, and maintaining business tools in line with enterprise policies.
- Essential focus on using tools efficiently to achieve work outcomes while minimizing theft and fraud.
Defining a Business Tool
- Business tools are assets that help organizations meet objectives.
- Varied in size, complexity, danger, and importance; includes both large equipment and portable items.
- Emphasis on portable items which pose unique management challenges.
Criteria for Monitoring Business Tools
- Businesses need clear criteria for monitoring tools effectively.
- Example: Monitoring of a salesperson's mobile phone to manage business-related costs.
- Importance of distinguishing between business tool types (e.g., employee vs. owner tools).
Common Business Tools
- Examples include:
- Digital cameras, mobile phones, pagers, scanners
- Photocopiers, notebooks, dictation machines, order-taking handhelds
- Software tools like email, wikis, and company websites.
- Each tool represents a significant investment and may require monitoring and maintenance.
Classification Criteria for Business Tools
- Portable and attractive tools can be targets for theft due to their nature.
- Significant small items may cause loss and are essential for business operations.
- Tools need control measures as their loss can incur high costs.
- Training is often necessary for proper usage and damage prevention.
Registering Business Tools
- A register is crucial for tracking portable items, ensuring locatability and identification.
- Each business should determine necessary data for registration based on its specific needs.
Methods for Storing Tool Details
- Paper Approach: Simple asset register maintained by a business officer.
- Spreadsheets: Customizable, password-protected, allowing access control for data editing.
- Electronic Document Files: Utilize word processing for structured record-keeping, useful for teams needing shared access.
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