92028 Organisation’s Financial Decision-Making - School Use

This resource covers the key knowledge and skills you’ll need for NCEA Level 1 Commerce Achievement Standard 92028: Demonstrate understanding of an organisation’s financial decision making (5 credits).

What you'll learn

Understanding how financial decisions are made helps us care for our whānau, build stronger communities, and contribute to thriving organisations. This resource explores how people and organisations make choices about how to use resources to reach their goals. 

You’ll work through six sections: 

1. Commerce, entrepreneurship and decision-making 

Explore the entrepreneurial skills our ancestors used when settling in Aotearoa New Zealand. Learn what makes a successful entrepreneur today, how commerce works in your local area, and the types of decisions entrepreneurs make. 

2. Scarcity, choice, opportunity cost and decision-making 

Get to know the key economic concepts of scarcity, choice and opportunity cost. See how these ideas apply to real-world decision-making through examples from organisations in Aotearoa New Zealand. 

3. Types of organisations and decision-making 

Learn about different types of organisations – such as whānau, hapū, iwi, clubs, charities and businesses. Compare their purposes, stakeholders and ownership, and explore how these influence the decisions they make. 

4. Resources, production, sectors of the economy and decision-making 

Look at how organisations use different resources and how these choices affect production. Learn about the three sectors of the economy, capital- and labour-intensive production, specialisation, division of labour and interdependence. 

5. Accounting concepts, financial management tools and decision-making 

Build an understanding of basic accounting concepts and the accounting equation. Learn how organisations use financial and non-financial information, and how financial tools can support better decisions. 

6. Making decisions 

Bring together all the ideas from the course to explore the possible consequences of financial decision-making and practise applying your knowledge to realistic organisational situations.

Throughout this resource, you’ll see how mātauranga Māori (Māori knowledge) can offer unique insights into financial decision-making.

LearnWell Digital resources put the learner at the centre. Using almost any device, students can easily work at a pace that suits them through interactive, scaffolded learning and activities. 

For the print format of this resource, click here.