Business Management – How to answer questions correctly? This is a quick reference to help students answering questions in Business Management Papers Section A and Section B In section A and in Section B (both Paper 1 and Paper 2), you may find questions that span from 1 to 10 points. According to the score awarded for each question, there are related requirements <date/time> 2 Section A and Section B – Questions worth 1 point ● ● ● Questions worth 1 point are usually the ones that require a calculation. Often these questions are grouped in subquestions, where you are required to answer all the questions in a group, e.g.: a (i), a(ii) The result of the calculation may be required to be referenced in a question worth 10 point <date/time> 3 Section A and Section B – Questions worth 2 points ● ● Questions worth 2 points are usually related to definition of contents. Do not spend too much time on these answers; a clear and understanding definition is enough <date/time> 4 Section A and Section B – Questions worth 4 points ● Questions worth 4 points usually start with “With reference to …”; that means that you are required to give a definition of a content using the company referenced in the question as an example. This type of questions required for you to link the content with the context. Failing to do that will result in cutting 50% of your score, even if your answer is correct <date/time> 5 Section A and Section B – Questions worth 10 points Questions worth 10 points are the most complex one. They are graded against two sets of criteria: one set is about the structure of the answer, the other set is about the content of the answer You are required to write a mini essay, with an introduction, a body, and a conclusion. The body must contain your analysis. The conclusion must contain your own judgement based on the analysis. No further information must be added in the conclusion <date/time> 6 Section A and Section B – Questions worth 10 points Continued …. In the body of your answer you must provide two advantages and two disadvantages for each option either requested in the question or provided by you. <date/time> 7 Section A and Section B – Questions worth 10 points Continued …. In the body of your answer you must: ● ● Reference the business mentioned in the question Reference the stimulus material (either the one in the test or the one calculated by you in a previous answer) ● Reference the vision and mission statement, if provided ● Reference the strategy of the business, if provided ● Whether a strategy is provided, analyze the consequences in the short-term and in the long-term <date/time> 8 Paper 3 – CESC Question worth 17 points This is a concept based question. The concepts considered in your syllabus are identified by the acronym CESC that stands for ● Change ● Ethics ● Sustainability ● Creativity <date/time> 9 Paper 3 – CESC Question worth 17 points Paper 3 will be about a social enterprise and requires students to identify and describe a human need and the potential organizational challenges facing the social entrepreneur wanting to meet this need. Further to this, students are required to write a decision-making document that includes a business recommendation <date/time> 10 Paper 3 – CESC Question worth 17 points You must reference a human need (you may use Maslow as a reference) In your document you must cover all the 5 units; reference tools and theories and propose a way for this company to overcome its problem. <date/time> 11 Paper 3 – CESC Question worth 17 points ● ● ● ● This question is marked against 4 criteria, each one worth a maximum of 4 points Criterion A: Use of resource material Criterion B: Business Management Tools and Theories Criterion C: Evaluation Criterion D: Sequencing of ideas and plan of action <date/time> 12 Paper 3 – CESC Question worth 17 points Criterion A: Use o resource material This criterion address to what extent does the student use the resource materials provided to effectively support the recommended plan of action <date/time> 13 Paper 3 – CESC Question worth 17 points Criterion B: Business Management tools and theories This criterion addresses to what extent the student’s plan of action effectively apply appropriate business management tools and theories <date/time> 14 Paper 3 – CESC Question worth 17 points Criterion C: Evaluation This criterion assesses to what extent the students effectively evaluate the expected impact of their plan of action on the relevant areas of business <date/time> 15 Paper 3 – CESC Question worth 17 points Criterion D: Sequencing of ideas and plan of action This criterion assesses to what extent are the student’s ideas and plan of action sequenced in a clear and coherent manner <date/time> 16 Paper 3 – CESC Question worth 17 points Change Change is a modification of state, from a moment where a product did not exist, to a moment in which exists; from a moment before and after an event modifies the current status <date/time> 17 Paper 3 – CESC Question worth 17 points Ethics Ethics is the discipline or study of moral philosophy. In the context of business management, ethics can be defined as the moral codes of conduct that drive business behaviour. Ethical business behaviour is what is deemed by society to be morally acceptable, i.e. what is “right”. By contrast, unethical business behaviour is what society regards as being immoral, unjust and unfair, i.e. what is “wrong”. <date/time> 18 Paper 3 – CESC Question worth 17 points Sustainability According to the United Nations (UN), sustainability is about "meeting the needs of the present without compromising the ability of future generations to meet their own needs" (UN, 1987). Sustainability can be enhanced by conserving resources or finding more efficient ways to produce or discover new resources. Business decisions should consider the triple bottom line (3BL) of people, planet, and profit and their resulting impacts in order to achieve their sustainability goals. Read more about the 3BL model in the section below. <date/time> 19 Paper 3 – CESC Question worth 17 points Creativity Creativity is the process of generating new ideas, often stemming from divergent thinking. It is the ability to create, design, or produce a new idea. <date/time> 20 <date/time> 21 <date/time> 22 <date/time> 23