[SOLVED] Resit Summative Assessment 2021…Fair CocoaBeans

Resit Summative Assessment 2021
Fair CocoaBeans
Fair Cocoa Beans produces a variety of packeted chocolate products from its main factory in the UK. Two main packet sizes are available, a smaller one for snack-size sales and a larger one for home baking sales. Fair Cocoa Beans also sells other snack chocolate products (Mars and Ferrero) but both chocolates are by far the best sellers.
The Company imports chocolates mainly from USA and Italy.
Business has fared well since the Company set up production in 2018. Indeed, there has been a steady increase in net profits every year since start up. Recently the Company has noticed various trends among customers, including an increasing interest in healthy snacks. One of the older machines in the production line seems to be labouring and breaks down more regularly these days.
Accordingly, as a work placement from the University of Roehampton, you have been set a number of tasks, the results of which should be presented in business report format for Fair Cocoa Beans (word length 2000, excluding graphs/figures/references) and written in English.
These tasks are detailed in the following pages and generally concern (in alphabetical order):
• Customer information
• Production information
• Quality assurance information
• Recommendations for factory improvement
• Summary chocolate information
Your report should not be simply be a list of tasks. Rather, it should read as a professional business report with an introduction, sections, summary, references and appendices, all in Word format.
All tasks are worth ten marks each.
Please Note: Academic integrity and honesty are fundamental to the academic work you produce at the University of Roehampton. You are expected to complete coursework which is your own and which is referenced appropriately. The university has in place measures to detect academic dishonesty in all its forms. If you are found to be cheating or attempting to gain an unfair advantage over other students in any way, this is considered academic misconduct and you will be penalised accordingly.
Task 1
You have been asked to write a brief overview of Cocoa Beans and specifically the Switzerland Cocoa Beans industry and you have found a suitable report Exporting Cocoa to the UK Report (Note: This report is also available in Moodle).
Write a brief overview based on the two sections Cocoa Beans and Switzerland Cocoa Beans Industry. Your overview should be no more than two paragraphs. You should not copy verbatim the information contained in the report. The proper Harvard reference for this report should be included as one of your references in task 10.
Task 2
Fair Cocoa Beans has provided you with current information about Top Chocolate Sales locally and globally of chocolate suppliers’ volume of Cocoa Beans production, some of which goes into exports to the UK and some into local USA use. The figure below represents Top Chocolate Sales.
Using an EXCEL spreadsheet:
⦁ Generate a clustered column for Global Sale productions.
Having received further information about Nestle Global Potential Sales in particular and using the table below:
 
 
Years Nestle Global Potential Sales
2015 17690
2016 15820
2017 18965
2018 29932
2019 39000
2020 39900
⦁ Produce an appropriate scatter diagram based on the Nestle table. Use your diagram to make a linear forecast of Global Sale productions.
Task 3
Having gained a better understanding of the cocoa beans market, you decide to start analysing the largest European cocoa bean importers Figure 3. A good starting point can be found at CBI website:
https://www.cbi.eu/market-information/cocoa/trade-statistics#what-makes-europe-an-interesting-market-for-cocoa
Unfortunately, the chart (figure 3) contained in the website is not clear although it does contain good value information about main importers of Cocoa Beans. Therefore, you have decided to make your own table based on the Netherlands. From your graph, create a line chart for Cocoa Beans. Give a brief summary of the potential expansion to this country.
Task 4
Currently, all of Fair Cocoa Beans’ operations are carried out on two separate production lines, one driven by a new machine and the other by a relatively older machine. Recent monitoring of each machine show that the probability of failure in the new one is 0.2 % and in the old one is 0.8 %. Given that the quality assurance department insists on a probability of 99.999% that at least one machine is working at all times, advise Fair Cocoa Beans if this condition is being satisfied.
Task 5
The idea of buying a new machine to replace the older one arose at the last management team meeting. The older one would not be sold but could be used as backup if necessary. If Fair Cocoa Beans does decide to replace the older machine and buy a new one, the finance dept has indicated that the maximum monthly payment they could afford, based on current profit forecasts for the next six years, would be £2000 p.m. The Company’s bankers would be able to offer an interest rate of 7% to borrow the £98,000 cost of the new machine. What range of months would you recommend that the loan is taken over to keep within Fair Cocoa Beans’ budget?
Task 6
Fair Cocoa Beans makes packets of chocolates in its factory in the UK and currently uses two machines to fill the packets. A sample of 30 packets from the first machine has a mean weight of 180 g and a standard deviation of 40 g. A sample of 40 packets from the second machine has a mean weight of 170 g and a standard deviation of 10 g.
State the six-point procedure for hypothesis testing and test if the two machines are comparable in terms of putting the same amount in packets?
Task 7
The company has asked you to complete a Pros & Cons table similar to the one shown in figure T7) to help in deciding about buying a new machine to replace the old one. Update the table and include it in your report.
Should we buy a new machine?
Pros Score/10 Cons Score/10
Total Pros Total Cons
Average Pros Average Cons
Figure T7. A ‘pros and cons method’ table for buying a new machine.
Task 8
The company monitors customer satisfaction via social media and through its website. Each customer is asked to complete a short survey containing the questions shown in figure T8.
Figure T8. A short customer questionnaire.
Latest results are contained in the Excel File “Task 8” contained in Moodle. Use Excel to calculate respectively the average values for freshness, tastiness and recommendation for each type of chocolate and briefly summarise your findings.
Task 9
Fair Cocoa Beans has considered possibly expanding its product lines to include Nestle and Mondelez snacks. Prepare a brief initial SWOT analysis about this possible expansion (only two issues in each of the SWOT categories).
 
Task 10
Based on all the data you have considered in Tasks 1-9, summarise in just one or two paragraphs your most important findings. Also, check the overall structure and presentation of your report (see the Brief in Moodle for more details), including your key references in Harvard style.
Resit in formation
Resit submission date: Please see the announcement on the Moodle site once the dates for resits are confirmed
For students who are offered a resit you are required to improve and resubmit your original work as well as adding a further reflective commentary discussing what you have learned from the process. You must resubmit your work using the specific resit Turnitin link on Moodle.
You should:
1.      Review your previously submitted work and read carefully the feedback given by the marker.
2.      Use this feedback to help you revisit and rewrite your work, improving it in the areas identified as weak in the original marking process
3.      Include with your resubmission an additional reflective piece (500 words) on what you understand was weak, how you set about addressing this and what you have learned from this that may help you with further assignments. You should address the following specifically:
i) Identify tutor feedback points on your original work and identify where/how the resit work has changed (give page number) in response to feedback
ii) Identify the lessons you have learnt from doing the resit
iii) Reflect on how your feedback and this process will help you improve future assignments
If you did not submit work at the first opportunity you cannot reflect on your feedback. However, you are still required to submit a reflective piece in which you identify your reasons for non-submission, the implications of non-submission for your future success and how you propose to address this in the future. If you have issues with confidentiality of your reasons for non-submission then you could reflect on how you have met the learning outcomes for the module, how you can use what you have done on the module to support your future career and what skills/employability attributes you feel the module has helped you to develop.
If you were deferred at the first assessment opportunity you do not need to include the reflective piece as this is a first submission at a later date, not a resit.
The original marking criteria will still apply (see marking grid provided below) except that the 10% weighting for presentation will be awarded instead to your reflective piece.
How will we support you with your assessment?
⦁ A dedicated briefing session on the assessment
⦁ Resources on improving report-writing
⦁ Feedback on your draft plan
⦁ Links to the assessment throughout your seminars
⦁ FAQs on Moodle and assessment discussion forum
⦁ Sample reports of Moodle
⦁ Exercises on Moodle with instructions
How will your work be assessed?
Your work will be assessed by a subject expert who will use the assessment criteria provided in this assessment brief. When you access your marked work it is important that you reflect on the feedback so that you can use it to improve future assignments.
Referencing
You MUST use the Harvard System. The Harvard system is very easy to use once you become familiar with it.
Assignment submissions
The Business School requires a digital version of all assignment submissions. These must be submitted via Turnitin on the module’s Moodle site. They must be submitted as a Word file (not as a pdf) and must not include scanned in text or text boxes. They must be submitted by 2pm on the given date. For further general details on coursework preparation refer to the online information via StudentZone http://studentzone.roehampton.ac.uk/howtostudy/index.html.
Mitigating circumstances/what to do if you cannot submit a piece of work or attend your presentation
The University Mitigating Circumstances Policy can be found on the University website – Mitigating Circumstances Policy
Marking and feedback process
Between you handing in your work and then receiving your feedback and marks within 28 days, there are a number of quality assurance processes that we go through to ensure that students receive marks which reflects their work. A brief summary is provided below.
⦁ Step One – The module and marking team meet to agree standards, expectations and how feedback will be provided.
⦁ Step Two – A subject expert will mark your work using the criteria provided in the assessment brief.
⦁ Step Three – A moderation meeting takes place where all members of the teaching and marking team will review the marking of others to confirm whether they agree with the mark and feedback
⦁ Step Four – Work goes to an external examiner who will review a sample of work to confirm that the marking between different staff is consistent and fair
⦁ Step Five – Your mark and feedback is processed by the Office and made available to you.
Optimal
(100)
Outstanding
(80-90)
Excellent
(70-80) Very Good
(60-70) Good
(50-60) Satisfactory
(40-50) Marginal Fail
(30-40) Fail
(20-30) Very Poor
(0)
OVERVIEW (10%)
Brief overview of Cocoa Beans and specifically the Switzerland cocoa beans industry+ Reflection Outstanding clarity and conciseness in the overview Outstanding clarity and conciseness in the overview Excellent clarity and conciseness in the overview Very good clarity and conciseness in the overview Good clarity and conciseness in the overview Satisfactory
clarity and conciseness in the overview Marginally fail to show clarity and conciseness in the overview Fail to show clarity and conciseness in the overview Very poor clarity and conciseness in the overview
FORECAST (10%)
Using an EXCEL spreadsheet, produce an appropriate scatter diagram Outstanding evidence of creating scatter diagram and explaining forecast Outstanding evidence of creating scatter diagram and explaining forecast Excellent evidence of creating scatter diagram and explaining forecast Very good evidence of creating scatter diagram and explaining forecast Good evidence of creating scatter diagram and explaining forecast Satisfactory evidence of creating scatter diagram and explaining forecast Marginally fail to show evidence of creating scatter diagram and explaining forecast Fail to show evidence of creating scatter diagram and explaining forecast Very poor evidence of creating scatter diagram and explaining forecast
CHART (10%)
Create and interpret a stacked column chart Outstanding evidence of explaining chart Outstanding evidence of explaining chart Excellent evidence of explaining chart
Very good evidence of explaining chart Good evidence of explaining chart Satisfactory evidence of explaining chart
Marginally fail to explain evidence of explaining chart Fail to explain evidence of explaining chart Very poor evidence of explaining chart
BINOMIAL (10%)
Advise Cocoa Beans if this condition is being satisfied. Outstanding evidence of analysing Outstanding evidence of analysing Excellent evidence of analysing Very good evidence of analysing Good evidence of analysing Satisfactory evidence of analysing Marginally fail to provide evidence of analysing Fail to provide evidence of analysing Very poor evidence of analysing
BUSINESS LOAN (10%)
What range of months is recommended that the loan is taken over Outstanding clear and concise evidence of analysing loan Outstanding clear and concise evidence of analysing loan Excellent clear and concise evidence of analysing loan Very good evidence of analysing loan Good evidence of analysing loan Satisfactory evidence of analysing loan Marginally fail to provide evidence of analysing loan Fail to provide evidence of analysing loan Very poor in providing evidence of analysing loan
HYPOTHESIS TEST (10%)
State the six-point procedure for hypothesis testing and test if comparable Outstanding evidence of applying tests on two means Outstanding evidence of applying tests on two means Excellent evidence of applying hypothesis tests on differences between two means Very good evidence of applying hypothesis tests on differences between two means Good evidence of applying hypothesis tests on differences between two means Satisfactory evidence of applying hypothesis tests on differences between two means Marginally fail to provide evidence of applying hypothesis tests on differences between two means Fail to provide evidence of applying hypothesis tests on differences between two means Very poor in providing evidence of applying hypothesis tests on two means
PROS & CONS (10%)
Pros & Cons table about buying a new machine to replace old one Outstanding evidence of applying Pros & Cons table Outstanding evidence of applying Pros & Cons table Excellent evidence of applying Pros & Cons table Very good evidence of applying Pros & Cons table Good evidence of applying Pros & Cons table Satisfactory evidence of applying Pros & Cons table Marginally fail to apply Pros & Cons table Fail to apply Pros & Cons table Very poor in application of Pros & Cons table
AVERAGES (10%)
Use Excel to calculate average values for freshness, tastiness and recommendation Outstanding evidence of applying Excel to analyse averages Outstanding evidence of applying Excel to analyse averages Excellent evidence of applying Excel to analyse averages
Very good evidence of applying Excel to analyse averages Good evidence of applying Excel to analyse averages Satisfactory evidence of applying Excel to analyse averages Marginally fail to apply Excel to analyse averages Fail to apply Excel to analyse averages
Very poor in the application of Excel to analyse averages
SWOT (10%)
Prepare a brief initial SWOT analysis about this possible expansion Outstanding evidence of SWOT analysis Outstanding evidence of SWOT analysis Excellent evidence of SWOT analysis Very good evidence of SWOT analysis Good evidence of SWOT analysis Satisfactory evidence of SWOT analysis Marginally fail to carry out SWOT analysis Fail to carry out SWOT analysis Very poor SWOT analysis
SUMMARY (10%)
Summarise including your key references in Harvard style. Outstanding evidence of writing succinct summary Outstanding evidence of writing succinct summary Excellent evidence of writing succinct summary Very good evidence of writing succinct summary Good evidence of writing succinct summary Satisfactory evidence of writing succinct summary Marginally fail to write succinct summary Fail to write succinct summary
Very poor attempt to write succinct summary
Resit RUBRIC – ASSESSMENT BUSINESS DATA ANALYSIS 2021 – UNIVERSITY OF ROEHAMPTON
Marking criteria for Business Report on Fair Cocoa Beans