This unit standard is designed to provide credits towards the mathematical literacy requirements of the NQF at level 4. The essential purposes of the mathematical literacy requirements are that, as the learner progresses with confidence through the levels, the learner will grow in:

  • An insightful use of mathematics in the management of the needs of everyday living to become a self-managing person.
  • An understanding of mathematical applications that provides insight into the learner`s present and future occupational experiences and so develop into a contributing worker.
  • The ability to voice a critical sensitivity to the role of mathematics in a democratic society and so become a participating citizen.

People credited with this unit standard are able to:

  • Measure, estimate, and calculate physical quantities in practical situations relevant to the adult with increasing responsibilities in life or the workplace
  • Explore analyse and critique, describe and represent, interpret and justify geometrical relationships and conjectures to solve problems in two and three dimensional geometrical situations
  • Use mathematics to plan and control financial instruments including insurance and assurance, unit trusts, stock exchange dealings, options, futures and bonds in the Cannabis Sector.
  • Use simple and compound interest to make sense of and define a variety of situations including mortgage loans, hire purchase, present values, annuities and sinking funds.
  • Investigate various aspects of costs and revenue including marginal costs, marginal revenue and optimisation of profit of the Cannabis Sector Business.
  • Use mathematics to debate aspects of the national and global economy, including tax, productivity and the equitable distribution of resources in the Cannabis Sector.
  • Critique and use techniques for collecting, organising and representing data.
  • Use theoretical and experimental probability to develop models, make predictions and study problems.
  • Critically interrogate and use probability and statistical models in problem solving and decision making in real-world situations.

Fundamental Component: 23 Credits

Science, Technology, Engineering and Mathematics (STEM)

  • Module ID: JMW 011: Measure, estimate, and calculate volume, shape and motion in 2 and 3-dimensional space in different contexts in the Cannabis Sector.
    • NQF Level 4 | 4 Credits | ZAR 2 000.
  • Module ID: JMW 012: Use mathematics to investigate and monitor the financial aspects of personal, business, national and international issues in the Cannabis Sector.
    • NQF Level 4 | 6 Credits | ZAR 3 000.
  • Module ID: JMW 013: Apply knowledge of statistics and probability to critically interrogate and effectively communicate findings on life related problems in the Medical Cannabis Sector.
    • NQF Level 4 | 6 Credits | ZAR 3 000.

Science, Technology, Engineering, Arts & Math (STEAM)

  • Module ID: JMW 014: Participate in management of conflict in the Cannabis Sector.
    • NQF Level 5 | 4 Credits | ZAR 2 200.
  • Module ID: JMW 015: Conduct a formal meeting in the Cannabis Sector.
    • NQF Level 3 | 3 Credits | ZAR 1 350.

Note: It is highly recommended where possible, that learners completing this specialization should be computer literate. However due to the limited availability of computers in certain areas, the inclusion of compulsory computer literacy unit standards within the elective component may prevent learners from completing their qualification.

The Cannabis Institute

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