Unit 3 Personal and Business Finance 2022 Mark Scheme (paper).
This document is in an editable version compatible with Word. May 2022 Paper is available. Essential for Revision for the Unit 3 exam on Thursday 16th May 2024. For unit 3 personal and business finance BTEC Business. Unit 3-personal a...
BTEC Mark Scheme 2206
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General marking guidance
• All learners must receive the same treatment. Examiners must mark the first learner in
exactly the same way as they mark the last.
• Mark schemes should be applied positively. Learners must be rewarded for what they
have shown they can do, rather than be penalised for omissions.
• Examiners should mark according to the mark scheme, not according to their
perception of where the grade boundaries may lie.
• All marks on the mark scheme should be used appropriately.
• All the marks on the mark scheme are designed to be awarded. Examiners should
always award full marks if deserved, i.e. if the answer matches the mark scheme.
Examiners should also be prepared to award zero marks if the learner’s response is not
worthy of credit according to the mark scheme.
• Where some judgement is required, mark schemes will provide the principles by which
marks will be awarded and exemplification may be limited.
• When examiners are in doubt regarding the application of the mark scheme to a
learner’s response, the team leader must be consulted.
• Crossed-out work should be marked UNLESS the learner has replaced it with an
alternative response.
Specific marking guidance for levels-based mark schemes
Levels-based mark schemes (LBMS) have been designed to assess learner work holistically.
They consist of two parts: indicative content and levels-based descriptors. Indicative
content reflects specific content-related points that a learner might make. Levels-based
descriptors articulate the skills that a learner is likely to demonstrate in relation to the
assessment outcomes being targeted by the question. Different rows within the levels
represent the progression of these skills.
When using a levels-based mark scheme, the ‘best fit’ approach should be used.
• Examiners should first make a holistic judgement on which band most closely matches the
learner’s response and place it within that band. Learners will be placed in the band that
best describes their answer.
• The mark awarded within the band will be decided based on the quality of the answer in
response to the assessment focus/objective and will be modified according to how securely
all bullet points are displayed at that band.
• Marks will be awarded towards the top or bottom of that band depending on how they have
evidenced each of the descriptor bullet points.
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