• Help the next generation of students in the community for the new syllabus!
    Share your notes and exam papers on our Notes & Resources page
  • We are looking for new moderators to join the Bored of Studies team!
    Click here for details

HSC 2015-2016 Business Studies Marathon (archive) (1 Viewer)

Status
Not open for further replies.

Flop21

Well-Known Member
Joined
May 12, 2013
Messages
2,842
Gender
Female
HSC
2015
Re: 2015 Business Studies Marathon

I'd probably just say a terrorist group, It's not worth the chance of getting flagged.
Yeah, was actually thinking about forgetting about it. But it's a pretty good case study IMO, pretty significant for a company's product to be widely associated with a terrorist group... talking about Toyota if anyone's wondering.
 

BLIT2014

The pessimistic optimist.
Moderator
Joined
Jul 11, 2012
Messages
10,935
Location
In my head
Gender
Undisclosed
HSC
2014
Uni Grad
2018
Re: 2015 Business Studies Marathon

Differentiate between legal compliance and having ethical business practices.
1) Ethical business practices involves making decision which aren’t just legally correct but morally correct as well. This includes areas such as supporting charities or local community organisation, consulting the community prior to implement significant changes to business and promoting Human and Civil rights in Australia and overseas.
2) Legal compliance – is where a business is required to comply with international and domestic laws which are applicable to the business; which may include areas such as wages, occupational health and safety and laws surrounding handling of food such as dairy.
 

nerdasdasd

Dont.msg.me.about.english
Joined
Jul 29, 2009
Messages
5,372
Location
A, A
Gender
Male
HSC
2012
Uni Grad
2017
2015 Business Studies Marathon

Something I made up that is slightly out of the box but tests relevant content.

Q: Following the voltswagen emissions scandal of 2015 (... Google it....), which influences on operations and marketing were ignored by senior managers ? (7/8 marks )
 
Joined
Mar 15, 2015
Messages
55
Gender
Male
HSC
2015
Re: 2015 Business Studies Marathon

Describe how worker participation promotes effective human resource management
 

Flop21

Well-Known Member
Joined
May 12, 2013
Messages
2,842
Gender
Female
HSC
2015
Re: 2015 Business Studies Marathon

Something I made up that is slightly out of the box but tests relevant content.

Q: Following the voltswagen emissions scandal of 2015 (... Google it....), which influences on operations and marketing were ignored by senior managers ? (7/8 marks )
There are 7/8 mark questions in business ??



During the VW emission scandal of 2015 it was discovered that VW cars were emitting 20x the legal limit of carbon emissions. The cars were also bypassing testing, as software detected when the car was being tested and temporarily emitted lower carbon emissions during smog testing.

I would answer fully but I'm struggling so I'll just list the relevant syllabus points:


Operations:

Government legislation, legal regulation, Corporate social responsibility.


Marketing:

ethics:

truth

consumer law:

deceptive and misleading advertising
 

BLIT2014

The pessimistic optimist.
Moderator
Joined
Jul 11, 2012
Messages
10,935
Location
In my head
Gender
Undisclosed
HSC
2014
Uni Grad
2018
Re: 2015 Business Studies Marathon

There are 7/8 mark questions in business ??



During the VW emission scandal of 2015 it was discovered that VW cars were emitting 20x the legal limit of carbon emissions. The cars were also bypassing testing, as software detected when the car was being tested and temporarily emitted lower carbon emissions during smog testing.

I would answer fully but I'm struggling so I'll just list the relevant syllabus points:


Operations:

Government legislation, legal regulation, Corporate social responsibility.


Marketing:

ethics:

truth

consumer law:

deceptive and misleading advertising
The longest I've seen is 7 marker
 

astroman

Well-Known Member
Joined
May 12, 2014
Messages
7,096
Location
Las Vegas
Gender
Male
HSC
2015
Re: 2015 Business Studies Marathon

I hope a 75 aligns to a mid-high band 5.
 

astroman

Well-Known Member
Joined
May 12, 2014
Messages
7,096
Location
Las Vegas
Gender
Male
HSC
2015
Re: 2015 Business Studies Marathon

Yeah it will

But you will get a Band 6 so aim for mid 80's
I have hardly studied, I have mainly relied on common sense for business throughout the year, averaging 80s.
 

karan96

New Member
Joined
Aug 18, 2015
Messages
22
Gender
Male
HSC
2016
Re: 2015 Business Studies Marathon

not sure if anyone has asked this before, but explain the limitations and ethical issues of financial reports (6).

Just wanna see how this is answered, my notes are terrible on it

Also, describe administrative and developmental performance management strategies (4)
 

Flop21

Well-Known Member
Joined
May 12, 2013
Messages
2,842
Gender
Female
HSC
2015
Re: 2015 Business Studies Marathon

Yeah it will

But you will get a Band 6 so aim for mid 80's
Full marks in MC + SA + 15 in both extended responses = 90. Takeaway 5 marks from MC or SA (or half half) and you get 85. That seems achievable... hopefully.

God I feel like I've studied a LOT, but still feel really unprepared there's way too much in business and I might have to rely on my BS skills.
 

CaptainSir

New Member
Joined
Sep 8, 2014
Messages
4
Location
Maclean
Gender
Male
HSC
2015
Re: 2015 Business Studies Marathon

not sure if anyone has asked this before, but explain the limitations and ethical issues of financial reports (6).

Just wanna see how this is answered, my notes are terrible on it
Financial reports aim to disclose information to stakeholders regarding the business' financial position at the time of release. These reports are limited by the possibility of skewed information due to:
-Normalised earnings; the process of removing one-off expenses and/or revenues from the balance sheet due to irrelevance to the companies true earnings
-Capitalising expenses; recording liabilities as assets, due to possible future purposing as an asset (e.g. R&D costs being recorded as future increases in product sales)
-Valuing assets; assets can be hard to value due to fluctuating market value and depreciation
-Debt repayments; financial reports only show general information about debts
-Report notes; reports often include notes relating to separate fine print/details, making the report harder to understand
 

aanthnnyyy

Active Member
Joined
Feb 10, 2014
Messages
291
Gender
Male
HSC
2015
Re: 2015 Business Studies Marathon

Financial reports aim to disclose information to stakeholders regarding the business' financial position at the time of release. These reports are limited by the possibility of skewed information due to:
-Normalised earnings; the process of removing one-off expenses and/or revenues from the balance sheet due to irrelevance to the companies true earnings
-Capitalising expenses; recording liabilities as assets, due to possible future purposing as an asset (e.g. R&D costs being recorded as future increases in product sales)
-Valuing assets; assets can be hard to value due to fluctuating market value and depreciation
-Debt repayments; financial reports only show general information about debts
-Report notes; reports often include notes relating to separate fine print/details, making the report harder to understand
+ timing issues- the matching principle where purchases should be recorded on the day they are made. Additionally, financial reports become distorted because business may purchase an asset (e.g. June 30 @end of financial year) but carrying on to the next years financial report and won't be included - making the business appear more profitable
 

CaptainSir

New Member
Joined
Sep 8, 2014
Messages
4
Location
Maclean
Gender
Male
HSC
2015
Re: 2015 Business Studies Marathon

Also, describe administrative and developmental performance management strategies (4)
Performance management aims to assess and refine employee outcomes to ensure consistent work quality.
-Administrative; Generally applies a survey approach, questioning employees on their believed work quality/progress at regular intervals. This carries the benefit of a uniform approach that can be efficiently applied to all employees at no cost, that encourages high productivity and business standards, which is favourable in large hierarchical businesses.
-Developmental; The use of a personal, detailed approach for each individual employee, in which employees are mentored to constantly re-evaluate their contribution to the business by superiors. This carries the benefit of a greater sense of worth/trust built in employees with the business, while the business gains a deeper understanding of each employees strengths and weaknesses. This approach is extremely slow and expensive.
 

CaptainSir

New Member
Joined
Sep 8, 2014
Messages
4
Location
Maclean
Gender
Male
HSC
2015
Re: 2015 Business Studies Marathon

+ timing issues- the matching principle where purchases should be recorded on the day they are made. Additionally, financial reports become distorted because business may purchase an asset (e.g. June 30 @end of financial year) but carrying on to the next years financial report and won't be included - making the business appear more profitable
Ah, thought I forgot something.
 

CaptainSir

New Member
Joined
Sep 8, 2014
Messages
4
Location
Maclean
Gender
Male
HSC
2015
Re: 2015 Business Studies Marathon

With reference to examples, outline 2 approaches to marketing. (3 marks)
 

aanthnnyyy

Active Member
Joined
Feb 10, 2014
Messages
291
Gender
Male
HSC
2015
Re: 2015 Business Studies Marathon

With reference to examples, outline 2 approaches to marketing. (3 marks)
- the sales or selling approach to marketing (80-90s) was based on creating a product and persuading consumers to purchase it through advertising campaigns e.g. Kodak famously drew attention to its camera through reputable advertisements, increasing sales rapidly

- the marketing approach is the modern day approach and consists of designing a product to meet the needs of the customer. Under this approach, the customer is viewed as the centre of all marketing. E.g. Apple's iPhone is a representation of an innovative product that has adapted to the changing society, satisfying the consumer preferences all across the world
--
Q. Explain the importance of logistics to a businesses operations (4marks)
 
Status
Not open for further replies.

Users Who Are Viewing This Thread (Users: 0, Guests: 1)

Top