Business Studies HSC Exam 2017

[biancafischer99]

The overall exam i thought was decent (could be wrong though, probably failed). Thought that the finace report would be hard as im not good with that topic but i found that easier than the short answers. 
Finance multiple choice was something i wasnt prepared for.   
Lucky I went back through the multiple choice! - could have got so many more wrong!

[jasminesadiqi]

for the business report i did cash flow management and working capital management.. so is this wrong?

[Evil.Morty]

for the business report i did cash flow management and working capital management.. so is this wrong?
[/quote

There is really no wrong answers in the report as long as you justify your response and how it will help improve financial performance you will be fine

[calistak17]

Hi guys im new here 

-For the finance short answer about methods of payment and reducing risk for the business i said that it would be payment in advance as "it ensures payment for the business from Australian consumers and hence reduces financial risk" Is this right or was it supposed to be the clean payments route? or are they both valid because the question wasn't that specific?

- For the operations short answer about assessing strategies for the bank i did quality management and said that quality assurance would be used by setting standards about customer service quality and ensuring that they are met, is that valid to say?

[Microsoft Word]

Does anyone know specifically what the industrial resource m/c question was?

[Arib]

Q20 for multiple choice is definitely D.

[Evil.Morty]

Hi guys im new here 

-For the finance short answer about methods of payment and reducing risk for the business i said that it would be payment in advance as "it ensures payment for the business and hence reduces financial risk" Is this right or was it supposed to be the clean payments route? or are they both valid because the question wasn't that specific?

- For the operations short answer about assessing strategies for the bank i did quality management and said that quality assurance would be used by setting standards about customer service quality and ensuring that they are met, is that valid to say?

Im not sure if payment in advance would be the right answer as  the business imports it's products from China so this method would offer high risk to the business but a low risk to the exporter, I think clean payment would be the most correct answer for the question as it reduces any form of financial risk in that the business wont send the payment of the computers until it receives the goods.

And for your operations short answer quality management would be a correct answer but it all comes down to how well you justified your response and structured it to the question 

[Zamura1]

Does anyone know specifically what the industrial resource m/c question was?

Something about a large bread company buying flour for its bread is it operating in an industrial or resource market.

[jasminesadiqi]

i chose the essay for HR, but i didnt study much about 'social' so literally all i could think of was how people can work at home now from the computers.... but with technology and econonmy i wrote a lot! what mark do you think i will get ?

[bernardm]

what mark do you think i will get ?

Stitch up?

[Aayamstha7]

Band 6 cut off this year?

[Ninjajnin]

Band 6 cut off this year?

I reckon 86 raw

[Ninjajnin]

D > expenses ratio is always higher than net profit ratio. I showed an example a few posts back but I'm not 100% on it.

Sorry to say but this can't be right, if you look at this example:
Sales: 10,000
COGS: 1,000
Gross Profit: 9,000
Expenses: 1,000
Net profit: 8,000

Expense ratio (your method of including COGS)= 20%
NPR= 80%

so unless D said something else I don't think it can be correct because if you simply have low expenses, your net profit ratio can be higher than your expense ratio

[Opengangs]

Im not sure if payment in advance would be the right answer as  the business imports it's products from China so this method would offer high risk to the business but a low risk to the exporter, I think clean payment would be the most correct answer for the question as it reduces any form of financial risk in that the business wont send the payment of the computers until it receives the goods.

And for your operations short answer quality management would be a correct answer but it all comes down to how well you justified your response and structured it to the question 

My guess was letter of credit, as clean payment relies on trusting that the goods are going to be sent when the payment is made.
Letter of credit is a letter issued by the bank to serve as a guarantee that the goods and products are made to the customer.

[TheFreeMarketeer]

I reckon 86 raw

Really? It was a good deal harder than last years, in my opinion and I believe last year's cut-off was lower.