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HSC Business Studies Question Thread
Deng:
--- Quote from: Rikahs on October 27, 2016, 04:32:21 pm ---On a scale of 1 - 10, how prepared is everyone for business?
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2.
isaacdelatorre:
--- Quote from: Veryben on October 27, 2016, 01:48:04 pm ---Hey guys, just gathering personal opinions. As there is likely to be multiple 4-6 mark questions tomorrow and they give us a measly 8-12 lines to write on, will you:
A -Generally write down as much quality knowledge as you can regarding the question and continue writing on extra writing paper.
Or B- Find its better to essentially answer the question on the recommended lines and keep your answer rather 'short and sweet' even though you know you can write heaps more?
I had this issue yesterday in pdhpe and I feel it will reoccur again tomorrow and I'm curious to see what you's all think.
Thanks!
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Hey,
The exam is set out so that you will have adequate writing space to answer the question (taking into account larger writing and mistakes). The number of lines and the mark allocation, indicates how much and in what depth you write. There is no point writing all you know on a topic, you run the risk of losing clarity and confusing the marker.
You cannot get more than the allocated marks, so my advice is to just give a tiny bit more information than necessary; this is for a few reasons, sometimes a marker might be deciding on whether you get the full marks or not, you just need that bit extra to push you over the edge. As well as this, the short answer section is marked positively, meaning that if one of your points is incorrect, you don't lose marks if you have the correct answer later on. I.e. if you identify 4 limitations instead of 2 and 2 of yours are incorrect, you won't be penalised.
Hope this helps :)
zachary99:
--- Quote from: Rikahs on October 27, 2016, 04:32:21 pm ---On a scale of 1 - 10, how prepared is everyone for business?
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8-9
itsAnuu:
What is the difference between hedging and derivatives? I have everything in the syllabus under control except this confusing thing.. Pls detailed and examples of each :)
Deng:
There is natural hedging and financial instrument hedging
Hedging is essentially the process of minimising the risk of currency fluctuations
In regards to derivatives, derivatives are used by businesses to hedge as derivatives by definition are tools that help minimise the risk of exchange rate fluctuations. There are 3 types within the textbook ( Business Studies in Action ), forward contracts, options and swap contracts.
A forward option is when you agree to purchase a currency at a future time at a predetermined price
Options contract is when you have the right but not obligation to purchase to buy or sell foreign currency e.g Qantas in 2013 had hedged its oil needs through the form of options, and since oil is volatile in price ( fluctuates ), they can take advantage if the price is lower than their option contract
A swap contract is used in the spot market is basically a currency swap, so one business will buy their own currency and another business will buy their own currency and then swap it
Hope i helped
--- Quote from: itsAnuu on October 27, 2016, 06:24:18 pm ---What is the difference between hedging and derivatives? I have everything in the syllabus under control except this confusing thing.. Pls detailed and examples of each :)
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