Business Studies HSC Exam 2017

[MisterNeo]

Idk if this has been asked.

Flour.

Industrial or resource?

I put industrial but many people thought resource.
My understanding is that resource is the natural state of the product as it appears in nature, whereas industrial is when the natural resource gets transformed a bit to be sold to another business for their own transformation process. 

If I'm lucky, I may be able to pull off a state rank.

[jacobiscrazy]

Idk if this has been asked.

Flour.

Industrial or resource?

I put industrial but many people thought resource.
My understanding is that resource is the natural state of the product as it appears in nature, whereas industrial is when the natural resource gets transformed a bit to be sold to another business for their own transformation process. 

Yeah i agree. Put industrial.

[fantasticbeasts3]

some multiple choice were really weird... had a bit of trouble understanding them, thought those were on the same level of difficulty as cssa trials. short answers were okay, except i forgot the different types of non-monetary rewards, whoops. the business report was awesome - i'd studied what was asked just before the exam so yay! the essay is my strongest section out of the entire exam but... a bit unsure about what the operations questions was referring to (i did a ton of strategies and generalised the operations process, really hope that was right) but HR is not my thing so i skipped that.

overall, it was a pretty decent exam! 1 to gooooooooooooooo

[TheFreeMarketeer]

Multiple choice was definitely the hardest for me.

The report was meh for me, I knew content but linking and justifying wasn't all that great. Essay is what I'm most confident in and short answers were decent.

[Aayamstha7]

Hey all! My name is Andrew and I am the Business Studies lecturer and author of the notes.

Firstly... CONGRATS ON FINISHING THIS EXAM!!! Trust me when I say this... you've probably done better than what you expect!

This thread is here for you to share your thoughts of the exam. Let it out below!

Im working on the answers now and I'll post them right here when I'm done!

hey man, what time wil the answers be up?

[snowflakes]

Is it right for the business report if I did profitability (expense minimisation, cost centres, fixed and variable costs) and global strategies (derivatives, interest rates, exchange rates, methods of international payments)?
I wasn't sure if global strategies were relevant

[Juliesokha]

Is it right for the business report if I did profitability (expense minimisation, cost centres, fixed and variable costs) and global strategies (derivatives, interest rates, exchange rates, methods of international payments)?
I wasn't sure if global strategies were relevant

I did profitability and cash flow management, I was about to do global too but since I wasn't really sure about that dot point so I ended up doing cash flow instead but I think it's relevant though because it was about the business trying to expand internationally.  I think the info that they gave weren't really relevant to the questions though, I totally depended on the financial data as their sales and profits were decreasing.

[elysepopplewell]

Multiple Choice and Question 27 have been added to the answers. Flip back to page one of this thread to see them in the spoilers of the original psot!

Unfortunately we had issues with getting section two of the paper. If you can tell us the question for it, we'd appreciate that!

[Juliesokha]

How many pages did you all write for your report and extended response?

I wrote 9.5 for my report and only 4 pages for the extended response

[MisterNeo]

For the 2 financial strategies, I did distribution of payment and sale-and-lease-back.
i just went on about how distribution of payments can involve paying suppliers and insurance companies earlier, which improves relatonships and can offer discounts for early payment. Then went on about how this increases profit because COGS and Expenses are lower, which can generate greater return for shareholders in the form of larger dividends. This can promote further investment from existing shareholders, which generates more funds that can be invested into operations and marketing to improve the competitive positioning of the product.

For sale-and-lease-back, I just said that it reduces maintenance costs and makes the profit bigger. then i just repeated the same argument as distribution of payments. the ability to upgrade models of the asset allows for better product quality, thus increases the positioning of the product and the customers' willingness to pay more. The higher working capital obtained from the sale improves the credibility of the business on the balance sheet, which attracts investors to give equity, which then can be invested into operations and marketing.

And in both, I related it back to my first body paragraph about the stratgic role of finance in allocating resources, etc.
It's a lot of crap but it may work. I wrote 10 pages for Section 3, and 6-8 pages for the Case Study.

[Juliesokha]

Hey all! My name is Andrew and I am the Business Studies lecturer and author of the notes.

for the last question on mcqs section i put D

[snowflakes]

Hey all! My name is Andrew and I am the Business Studies lecturer and author of the notes.

for the last question on mcqs section i put D

I put down D as well!

[Rainbowhippocampus]

Multiple Choice and Question 27 have been added to the answers. Flip back to page one of this thread to see them in the spoilers of the original psot!

Unfortunately we had issues with getting section two of the paper. If you can tell us the question for it, we'd appreciate that!

We were given an example of a bank.  First part was the role of operations management and there was another part asking how operations processes contribute to customer service.  There was another one about why ethics were important for a preschool children toy business.  And how consumer law affects marketing?  Hr was describe one monetary reward during recruitment, and then describe one non monetary reward in recruitment.  Another one was what is an issue that can occur in acquisition?  Finance had a computer business importing computers from china.  First was the impact of a rise in the Australian dollar on the importer and the second part was justify which international payment  method held the least risk?

[snowflakes]

For the strategic role of finance, is maximising profits correct?

[Rainbowhippocampus]

For the strategic role of finance, is maximising profits correct?

Pretty sure that's one of them? Personally I talked about efficiency and expense minimisation to maximise profitability