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Melbourne Institute of Technology Pty Ltd CRICOS Provider No: 01545C, 03245K NSW Assessment Details and Submission Guidelines Formative Assessment School School of Business Course Name Master of...

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Melbourne Institute of Technology Pty Ltd
CRICOS Provider No: 01545C, 03245K NSW
    Assessment Details and Submission Guidelines
Formative Assessment
    School
    School of Business
    Course Name
    Master of Professional Accounting (MPA)
    Unit Code
    MA625
    Unit Title
    Entrepreneurship and Innovation
    Trimeste
    T2 2020
    Assessment Autho
    Dr Eijaz Khan
    Assessment Type
    Individual assignment
    Assessment Title
    Formative assessment
    Unit Learning Outcomes Addressed:
    a. Critically review the global movement of entrepreneurship, the significance and practice of entrepreneurship/innovation, including social entrepreneurship.
    Weighting
    5%
    Total Marks
    5
    Word Limit
    500
    Release Date
    Week 1
    Due Date
    Week 3
    Submission Guidelines:
    · All work must be submitted on Moodle by the due date (as above) along with a completed Assignment Cover Page.
· The assignment must be in MS Word format, 1.5 spacing, 11-pt Cali
i (Body) font and 2 cm margins on all four sides of your page with appropriate section headings.
· Reference sources must be cited in the text of the Assessment Task, and listed appropriately at the end in a Reference List using APA 6th edition for the School of Business. https:
li
ary.mit.edu.au
eferencing/APA
    Extension / Special Consideration
    · If an extension of time to submit work is required, an Application for Special Consideration and supporting documentation must be submitted online via your Academic Management System (AMS) login: https:
online.mit.edu.au/ams.
· The Application for Special consideration must be submitted no later than three (3) working days after the due date of the specific piece of assessment or the examination for which you are seeking Special Consideration. In the case of serious illness, loss or bereavement, hardship or trauma students may be granted special consideration.
    Academic Misconduct
    · Academic Misconduct is a serious offence. Depending on the seriousness of the case, penalties can vary from a written warning or zero marks to exclusion from the course or rescinding the degree. Students should make themselves familiar with the full policy and procedure available at: https:
www.mit.edu.au/about-mit/institute-publications/policies-procedures-and-guidelines/AcademicIntegrityPolicyAndProcedure. For further information, please refer to the Academic Integrity Section in your Unit Description.
Formative Assessment
Instructions:
Please respond to the following question based on your learnings in this course to date. Your response should be approximately 500 words. Note - this is an open book assessment.
Question:
Based on your own experience and observations - discuss the importance of entrepreneurs in economy.
Marking Criteria: Formative assessment
    Marking
Ru
ic
Criteria/Grades
    High Distinction
(HD) [Excellent]
= or >80%
    Distinction (D)
[Very Good]
70%-79%
     Credits
(C) [Good]
60%-69%
    Pass (P)
[Satisfactory] 50%-59%
    Fail (N)
[Unsatisfactory] <50%
    · Understanding of subject matter and appreciation of issues
(Marks 50)
· Demonstrate sufficient and appropriate real-life information to support the key points, and evidence of insight and originality where appropriate.
(Marks 50)
    Exceptionally clear understanding of subject matter and appreciation of issues; clearly and logically organised with excellent presentation.
Addresses all of the assessment criteria to a very high standard. Evidence of insight and originality where appropriate
    Strong grasp of subject matter and appreciation of key issues.
Addresses all the assessment criteria, with several to a high standard; clearly and logically organised with good presentation. Evidence of solid work.
    Competent understanding of subject matter and appreciation of most of the main issues.
Addresses most of the assessment criteria reasonably well. Competent organisation and presentation.
    Demonstrates appreciation of subject matter and issues.
Addresses most of the assessment criteria adequately but may lack in depth and
eadth. Often work of this grade demonstrates only basic comprehension or competency. Work of this grade may be poorly structured and presented
    Evidence of lack of understanding of subject, minimal or inadequate comprehension.
Does not address the assessment criteria. Work is often inadequate in depth and
eadth and sometimes incomplete or i
elevant; lack of care and thought in organising, presenting and structuring work
Assessment Cover Sheet
    Student ID:
    Student Surname:
    Given Name:
    
    
    
    
    
    
    
    
    
    
    
    
    Course:
    School:
    Unit Code:
    Unit Title:
    Due Date:
    Date Submitted:
    Campus:
    Lecturer:
    Tutor:
All work must be submitted via Turnitin by the due date. If an extension of time to submit work is required, a Special Consideration Application must be submitted. Further information is available at:
http:
www.mit.edu.au/about-mit/institute-publications/policies-procedures-and-guidelines/specialconsiderationdeferment
    Academic Misconduct
Academic Misconduct is a serious offence. Depending on the seriousness of the case, penalties can vary from a written warning or zero marks to exclusion from the course or rescinding the degree. Students should make themselves familiar with the full policy and procedure available at: http:
www.mit.edu.au/about-mit/institute-publications/policies-procedures-and-guidelines/Plagiarism-Academic-Misconduct-Policy-Procedure. For further information please refer to the Academic Integrity Section in your Unit Description.
    Student Declaration
    
I/We declare that:
· the work contained in this assignment is my/our own work/group work, except where acknowledgement of sources is made;
· certify that this assessment has not been submitted previously for academic credit in this or any other course;
· I/we have read the MIT’s Plagiarism and Academic Misconduct Policy Procedure, and I/we understand the consequences of engaging in plagiarism;
· a copy of the original assignment is retained by me/us and that I/we may be required to submit the original assignment to the Lecturer and/or Unit Co-ordinator upon request;
I/we have not plagiarised the work of others or participated in unauthorised collaboration when preparing this assignment.
    Student Signature:
    Date:
    
    
    
    
    
    
    
    
© MIT - Updated on July 2020         3
Answered Same Day Jul 29, 2021

Solution

Khushboo answered on Aug 03 2021
115 Votes
Importance of entrepreneurship for development of economy:
Entrepreneurs are the backbone of an economy and without them the development of the economy cannot be imagined. The entrepreneurs have the ability to change and uplift the living of whole society. They are also responsible for economic growth of the country and provide job opportunities to people for their livelihood. The importance of entrepreneurs can be understood well in development of economy from below points:
· The entrepreneurs
ing new and innovative ideas of the business and help in upliftment of nation and society. The entrepreneurs also contribute to various research and development institutions in form of funding which helps to promote new innovative ideas. The funding helps in development of economy from new perspective.
· The increase in living standards of society is dependent upon consumption of various kinds of goods and the entrepreneurs helps to provide diversified portfolio of products to customers by uplifting their standards.
· The new entrepreneurs provide various opportunities to new entrants in the market. Entrepreneurship provide lots of opportunities to society...
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