General Thoughts: Business Studies (3 Viewers)

[☆]

hmmm compared to last year's, this one was harder

 

[danieyo]

Imo was a badly set out test. Q27 made no sense whatsoever. How the heck do you link financial planning cycle with customer types? Sigh fail.

lmao i know, that was so stupid. epic fail.

 

[Dreams]

i didn't even know what customer types exactly mean

someone care to explain?

 

[Dibbles]

I'm so upset. i reckon i'll get 19 or 20 for multiple choice, short answers werent too bad. hopefully i get around 35, but the extended response questions completely fucked me up. i'm looking at a really low mark for both of them. FUCKKKK, i spent 10 times the amount on study for this but it looks like my trial mark will be far better. Fuk u Board of Studies

 

[bench]

i didn't even know what customer types exactly mean

someone care to explain?

Customer types =
Individuals/Households, Firms, Gov (Public Sector), Clubs and societies, Educational institutions, Religious groups.

Financial planning cyle =

1. Determine current financial position of business
2. Determine financial objectives in the business plan
3. Develop budgets - financial tools to allocate resources to different areas of the business
4. Predict cash flow to determine times of cash shortfalls and surplus for the business
5. Prepare financial reports to summarise progress
6. Interpret financial reports to reveal whether financial goals will likely be achieved
7. Maintain record systems to store all financial information of business
8. Planning financial controls, which are systems to reduce errors in records, identify where the business has not reached its targets and reduce losses due to theft, fraud and lost assets.
9. Minimising financial risks and losses such as insurance against fire and theft.

 

[jessica.anne]

Multiple choice and short answer were easy and the business report was pretty good.

But the extended response questions were insane. I forgot to talk about my case studies and only remembered on the way home. FML.

 

[Enchantress91]

Multi guess was easy. Except for one question.

A business using factoring to pay creditors --> liquidity or solvency????

I put liquidity.

Stuffed up the last question (2nd extended response choice). Get 7 marks for that Q and I'll be over the moon.

And also, could interest rates by a financial influence for exporting?

 

[Twaddlespeak]

Yeah it was an alright exam,
multiple choice was fairly easy,
short answers where okay, some good bullshitting involved.
the business report was pretty solid gunned roughly 11 pages for that one
however, the extended response i did 27 in report format, didnt get to finish i was up to 11 pages then had to stop

 

[bench]

Yeah it was an alright exam,
multiple choice was fairly easy,
short answers where okay, some good bullshitting involved.
the business report was pretty solid gunned roughly 11 pages for that one
however, the extended response i did 27 in report format, didnt get to finish i was up to 11 pages then had to stop

How is your HSC 2007?

 

[helenawest]

Failed!!!!!!!

 

[-may-cat-]

Congrats guys! One down, however many more to go. See now it's not that bad now is it?

 

[So-smart]

The multiple choice was ok, however the short answers were a little hard...question 26 wasn't too bad, although questions 27 and 28 were incredibally difficult to write about...question 28 was a bit better
But seriously WHERE were the financial ratios....thats the thing i studied the most

 

[AlexJB]

Congrats guys! One down, however many more to go. See now it's not that bad now is it?

Worse. Now we have English.

 

[Dreams]

Oh yes, yes it is.

 

[fukc]

Does anyone know where I can get the actual questions to see it now?

nah u just missed them, the devil asked for them back

 

[Michaelmoo]

Multi guess was easy. Except for one question.

A business using factoring to pay creditors --> liquidity or solvency????

I put liquidity.

Stuffed up the last question (2nd extended response choice). Get 7 marks for that Q and I'll be over the moon.

And also, could interest rates by a financial influence for exporting?

That question was unconventional, went with liquidity too. the company is paying off current liabilities? meh.

 

[acevipa]

The multiple choice was ok, however the short answers were a little hard...question 26 wasn't too bad, although questions 27 and 28 were incredibally difficult to write about...question 28 was a bit better
But seriously WHERE were the financial ratios....thats the thing i studied the most

I agree. I was expecting short answers to be easier than that. Was it just me, or was there more ethical and legal than usual

 

[TheGodfather]

objectives of financial management. Yes.

 

[Lilyy]

No Global?! come on. I was expecting Global, Financial and Marking for extended.
No financial calculations in short answer.
Overall okay but my hopes for band six went down the drain. T___T"

 

[Enchantress91]

Oh my lord. 11 pages? You gotta be joking.

I did 2 pages of sh-t. Pure golden sh-t for Qantas. Made up eeeeeeverything.

Can't believe I came second for the trial. There goes my 81 ATAR... (Pysch at Aust. National Uni). Hope UWS will accept me...