7/18/2019 2014 Hsc Business Studies

1/18

2014HIGHER SCHOOL CERTIFICATEEXAMINATION

Business Studies

Totalmarks100

SectionI Pages27

20marks

AttemptQuestions120

Allowabout35minutesforthissection

SectionII Pages916

40marks

AttemptQuestions2124Allowabout1hourand15minutesforthissection

SectionIII Page17

20marks

AttemptQuestion25

Allowabout35minutesforthissection

SectionIV Page18

20marksAttempteitherQuestion26orQuestion27

Allowabout35minutesforthissection

GeneralInstructions

Readingtime5minutes

Workingtime3hours

WriteusingblackorbluepenBlackpenispreferred

Drawdiagramsusingpencil

Board-approvedcalculatorsmay

beused

1170

7/18/2019 2014 Hsc Business Studies

2/18

SectionI

20marks

AttemptQuestions120

Allowabout35minutesforthissection

Usethemultiple-choiceanswersheetforQuestions120.

1 Sallyshopsataparticularstoreasshehasalwaysreceivedexcellentservicethere.

Whattypeoffactorisinfluencingherchoiceofstore?

(A) Economic

(B) Government

(C) Psychological

(D) Sociocultural

2 Abusinessisplanningtoincreaseitsmarketsharebymergingwithacompetitor.

Whatfinancialobjectivedoesthisbestillustrate?

(A) Growth

(B) Liquidity(C) Profitability

(D) Solvency

3 Kimisanindependentcontractorwhocleansaschool.

WhichofthefollowingstatementsistrueregardingKimsemployment?

(A) Sheisentitledtofourweeksannualleave.

(B) Heremploymentissubjecttoawardconditions.

(C) Sheisresponsibleforpayingherownincometax.

(D) Sheisentitledtomaternityleaveprovidedbytheschool.

2

7/18/2019 2014 Hsc Business Studies

3/18

4 Grievanceproceduresareusedwhen

(A) employeesareill.

(B) employeeshavecomplaints.

(C) employeesarebeingappraised.(D) employerswanttoincreaseprices.

5 Whichofthefollowingareallexamplesofoperationsperformanceobjectives?

(A) Choice,flexibility,profit,speed

(B) Cost,dependability,quality,speed

(C) Customisation,flexibility,profit,quality

(D) Choice,customisation,dependability,profit

6 Anewbusinessisexperiencinga rapidincreasein salesfollowingaseriesofpositivepostsonsocialmedia.

Whichstagesoftheproductlifecycleisthebusinessexperiencing?

(A) Growthtomaturity

(B) Growthtopostmaturity

(C) Establishmenttogrowth

(D) Establishmenttomaturity

7 Acarassemblyplanthadtoshutdownoperationsforadaybecausetyreshadnotbeendelivered.

Whatinventorymanagementstrategyatthecarassemblyplantmayhavecausedthissituation?

(A) Just-in-case

(B) Just-in-time

(C) First-in-first-out

(D) Last-in-first-out

3

7/18/2019 2014 Hsc Business Studies

4/18

8 Abusinesshasshiftedfromintensivedistributiontomoreselectivedistribution.

Whatisthemostlikelyreasonforthis?

(A) Toincreasemarketshare

(B) Todecreasepersonalsellingstrategies

(C) Torepositionproductsashigherquality

(D) Toexpandthenumberofintermediaries

9 Whatisthemainreasonforabusinessusingpenetrationpricing?

(A) Tomaximiseprofitperunit

(B) Togainshort-termmarketshare

(C) Todevelopareputationforquality

(D) Totakeadvantageofalackofcompetition

10 Whichofthefollowingwouldbefoundonanincomestatement?

(A) Accountspayable

(B) Grossprofit

(C) Intangibles

(D) Netassets

11 AnAustralianbusinesssellsitsBonza Pies inbothAustraliaandChina.Bonza Pies soldinChinaaremadetoadifferentrecipe.

Whatisthisanexampleof?

(A) Customisationandhedging

(B) Globalpricingandstandardisation

(C) Customisationandglobalbranding

(D) Globalbrandingandstandardisation

4

7/18/2019 2014 Hsc Business Studies

5/18

12 WorkpatternsinAustraliahavechangedoverthepast20years.

Anexampleofsuchachangeisthedecreasein

(A) casualisation.

(B) part-timepositions.

(C) femaleparticipation.

(D) full-timemaleparticipation.

13 Whatisareasonforabusinesstouseademocraticleadershipstyle?

(A) Ithasaprojectwithatightdeadline.

(B) Ithasexperienced,highlyskilledemployees.

(C) Thereisaneedformorestandardisedproducts.

(D) Thereisapotentiallydangerousworksituation.

14 Whywouldabusinesschoosedebenturesasasourceoffunding?

(A) Toreducefinancialrisk

(B) Toprovidesecurityoverassets

(C) Toretainownershipandcontrol

(D) Toobtaincheap,short-termfinance

15 Whatisthemostlikelyresultofabusinessachievingeconomiesofscale?

(A) Greaterflexibility

(B) Highersalespriceperunit

(C) Greaterefficienciesinproduction

(D) Higheraveragecostsofproduction

16 Whatisthemostlikelyimpactofarecessiononhumanresources?

(A) Increaseinwages

(B) Increaseinovertime

(C) Decreaseininvoluntaryseparation

(D) Decreaseinemployeebargainingpower

5

7/18/2019 2014 Hsc Business Studies

6/18

17 Whichofthefollowingisanexampleoflegalcomplianceforasportsstore?

(A) Payingtaxesontime

(B) Offsettingcarbonemissions

(C) Inductionofnewemployees(D) Payingdividendstoshareholders

18 AGanttchartforSamsChocolateShopisshown.

Jan Feb March April May June

Obtain lease and

refit shop

Purchase stock

Select and

train staff

Advertising

campaign

Commence

trading

WhatdoesthisGanttchartshow?

(A) SelectionandtrainingofstaffwillbegininMay.

(B) TheshopwillbeopenforbusinessattheendofApril.

(C) Stockpurchasesandadvertisingwillbedonesimultaneously.

(D) Somestockwillbepurchasedbeforetheshopiscompletelyrefitted.

6

7/18/2019 2014 Hsc Business Studies

7/18

Use the following information to answer Questions 1920.

Extract from Balance Sheet for Kerrys Warehouse as at June 2014

$Current assets 1500

Non-current assets 8500

Current liabilities 1000

Non-current liabilities 6000

Additional information

Financial data for Kerrys Warehouse 2013:

Debt to equity ratio 150%

Current ratio 1.25 :1 or 125%

Industry averages for 201314:

Debt to equity ratio (total liabilities total equity) 100%

Current ratio (current assets current liabilities) 1:1 or 100%

19

(A) It is better than industry average and has improved since 2013.

(B) It is better than industry average and has worsened since 2013.

(C) It is worse than industry average and has improved since 2013.

(D) It is worse than industry average and has worsened since 2013.

20 Which of the following statements is true about gearing for Kerrys Warehouse in 2014?

(A) It is better than industry average and has improved since 2013.(B) It is better than industry average and has worsened since 2013.

(C) It is worse than industry average and has improved since 2013.

(D) It is worse than industry average and has worsened since 2013.

7

Which of the following statements is true about liquidity for Kerrys Warehouse in 2014?

7/18/2019 2014 Hsc Business Studies

8/18

BLANKPAGE

8

2014BoardofStudies,TeachingandEducationalStandardsNSW

7/18/2019 2014 Hsc Business Studies

9/18

2014 HIGHER SCHOOL CERTIFICATE EXAMINATION

Business Studies

Do

NOT

write

in

this

area.

SectionII

40marksAttemptQuestions2124

Allowabout1hourand15minutes

forthissection

Answer the questions in the spacesprovided. These spaces provideguidance for the expected length ofresponse.

Extra writing space is provided onpages15and16.Ifyouusethisspace,clearly indicate which question youareanswering.

Write your Centre Number andStudent Number at the top of thispage.

CentreNumber

StudentNumber

Pleaseturnover

1171 15040

9

OfficeUseOnlyDoNOTwriteanything,ormakeanymarksbelowthisline.6120310036

7/18/2019 2014 Hsc Business Studies

10/18

Question21(10marks)

(a) Explainwhymanagersmayberesistanttochange. 4

...............................................................................................................................

...............................................................................................................................

...............................................................................................................................

...............................................................................................................................

...............................................................................................................................

...............................................................................................................................

...............................................................................................................................

...............................................................................................................................

(b) Analysetheuseofsequencingandschedulingtoimprovebusinessoperations. 6

...............................................................................................................................

...............................................................................................................................

...............................................................................................................................

...............................................................................................................................

...............................................................................................................................

...............................................................................................................................

...............................................................................................................................

...............................................................................................................................

...............................................................................................................................

...............................................................................................................................

...............................................................................................................................

...............................................................................................................................

...............................................................................................................................

...............................................................................................................................

...............................................................................................................................

...............................................................................................................................

...............................................................................................................................

Do

NOT

write

in

this

area.

10

OfficeUseOnlyDoNOTwriteanything,ormakeanymarksbelowthisline.7790310030

7/18/2019 2014 Hsc Business Studies

11/18

Question22(10marks)

BillandJanehaveownedandoperatedacafinabusyrestaurantareaformanyyears.Theyspecialiseinfasthealthyfoodthatispopularwith1830year-olds.Recentlyamultinational franchise opened in the area in response to an expected increase inpopulation.

(a) OutlineTWOstrengthsofthecaf. 2

(b) OutlineTWOopportunitiesforthecaf. 2

Do

NOT

write

in

this

area.

...............................................................................................................................

...............................................................................................................................

...............................................................................................................................

...............................................................................................................................

...............................................................................................................................

...............................................................................................................................

...............................................................................................................................

...............................................................................................................................

(c) DiscussONEmarketingstrategythatBillandJanecouldusetorespondtothe threatposedbytheopeningofthemultinationalfranchiseinthearea.

...............................................................................................................................

...............................................................................................................................

...............................................................................................................................

...............................................................................................................................

...............................................................................................................................

...............................................................................................................................

...............................................................................................................................

...............................................................................................................................

...............................................................................................................................

...............................................................................................................................

...............................................................................................................................

...............................................................................................................................

...............................................................................................................................

...............................................................................................................................

11

OfficeUseOnlyDoNOTwriteanything,ormakeanymarksbelowthisline.2396310037

6

7/18/2019 2014 Hsc Business Studies

12/18

Question23(10marks)

(a) Howdoemployerassociationsinfluencehumanresourcemanagement?Inyouranswer,identifyaspecificemployerassociation.

4

...............................................................................................................................

...............................................................................................................................

...............................................................................................................................

...............................................................................................................................

...............................................................................................................................

...............................................................................................................................

...............................................................................................................................

...............................................................................................................................

...............................................................................................................................

...............................................................................................................................

(b) Maintenanceisaprocessofhumanresourcemanagement.

Byreferringtoaspecificexample,explainhowmaintenancecouldbeusedtoimprovebusinessperformance.

6

...............................................................................................................................

...............................................................................................................................

...............................................................................................................................

...............................................................................................................................

...............................................................................................................................

...............................................................................................................................

...............................................................................................................................

...............................................................................................................................

...............................................................................................................................

...............................................................................................................................

...............................................................................................................................

...............................................................................................................................

...............................................................................................................................

Do

NOT

write

in

this

area.

...............................................................................................................................

...............................................................................................................................

12

OfficeUseOnlyDoNOTwriteanything,ormakeanymarksbelowthisline.6785310033

7/18/2019 2014 Hsc Business Studies

13/18

Question24(10marks)

(a) Thetableshowsanextractfromacashflowstatementforabusiness.

Do

NOT

write

in

this

area.

Jan Feb March April May June

Cashin($) 6000 5000 3000 2000 4000 3000

Cashout($) 3000 3000 8000 8000 3000 2000

TheopeningcashbalanceforJanuaryis$5000.

(i) CalculatetheopeningcashbalanceforMarch. 1

...................................................................................................................

(ii) Inwhichmonthdidthebusinessstartwithanegativecashbalance? 1

...................................................................................................................

(b) Explaingovernmentinfluencesonthefinancialmanagementofbusinesses. 4

...............................................................................................................................

...............................................................................................................................

...............................................................................................................................

...............................................................................................................................

...............................................................................................................................

...............................................................................................................................

...............................................................................................................................

...............................................................................................................................

...............................................................................................................................

...............................................................................................................................

Question24continuesonpage14

13

OfficeUseOnlyDoNOTwriteanything,ormakeanymarksbelowthisline.2070310036

7/18/2019 2014 Hsc Business Studies

14/18

Question24(continued)

(c) Discussfactoring asastrategyforcashflowmanagement. 4

...............................................................................................................................

...............................................................................................................................

...............................................................................................................................

...............................................................................................................................

...............................................................................................................................

...............................................................................................................................

...............................................................................................................................

...............................................................................................................................

...............................................................................................................................

...............................................................................................................................

EndofQuestion24

Do

NOT

write

in

this

area.

14

OfficeUseOnlyDoNOTwriteanything,ormakeanymarksbelowthisline.2491310033

7/18/2019 2014 Hsc Business Studies

15/18

______________________________________________________________________________

______________________________________________________________________________

______________________________________________________________________________

______________________________________________________________________________

______________________________________________________________________________

______________________________________________________________________________

______________________________________________________________________________

______________________________________________________________________________

______________________________________________________________________________

______________________________________________________________________________

______________________________________________________________________________

______________________________________________________________________________

______________________________________________________________________________

______________________________________________________________________________

______________________________________________________________________________

______________________________________________________________________________

______________________________________________________________________________

______________________________________________________________________________

______________________________________________________________________________

______________________________________________________________________________

______________________________________________________________________________

______________________________________________________________________________

______________________________________________________________________________

Do

NOT

write

in

this

area.

SectionIIextrawritingspace

Ifyouusethisspace,clearlyindicatewhichquestionyouareanswering.

15

OfficeUseOnlyDoNOTwriteanything,ormakeanymarksbelowthisline.0674310034

7/18/2019 2014 Hsc Business Studies

16/18

______________________________________________________________________________

______________________________________________________________________________

______________________________________________________________________________

______________________________________________________________________________

______________________________________________________________________________

______________________________________________________________________________

______________________________________________________________________________

______________________________________________________________________________

______________________________________________________________________________

______________________________________________________________________________

______________________________________________________________________________

______________________________________________________________________________

______________________________________________________________________________

______________________________________________________________________________

______________________________________________________________________________

______________________________________________________________________________

______________________________________________________________________________

______________________________________________________________________________

______________________________________________________________________________

______________________________________________________________________________

______________________________________________________________________________

______________________________________________________________________________

______________________________________________________________________________

SectionIIextrawritingspace

Ifyouusethisspace,clearlyindicatewhichquestionyouareanswering.

Do

NOT

write

in

this

area.

16 2014BoardofStudies,TeachingandEducationalStandardsNSW

OfficeUseOnlyDoNOTwriteanything,ormakeanymarksbelowthisline.4262310031

7/18/2019 2014 Hsc Business Studies

17/18

2014 HIGHER SCHOOL CERTIFICATE EXAMINATION

Business Studies

SectionIII

20marksAttemptQuestion25

Allowabout35minutesforthissection

AnswerthequestionintheSectionIIIWritingBooklet.Extrawritingbookletsareavailable.

Inyouransweryouwillbeassessedonhowwellyou:

demonstrateknowledgeandunderstandingrelevanttothequestion

applythehypotheticalbusinesssituation

communicateusingrelevantbusinessterminologyandconcepts

presentasustained,logicalandcohesiveresponseintheformofabusinessreport

Question25(20marks)

Emu Uniform ManufacturersPty Ltd are a successful business based inNSW. Theycurrentlysupplyarangeofschool,sportandworkuniformstoalargenumberofcustomersthroughoutAustralia.Theyareknown fortheiroutstandingcustomer serviceandhighqualityproducts.

Sales have been increasing for many years and they have recently received a largelong-termcontracttosupplyuniformstoamajorcompany.

Thiswillrequirethemtosignificantlyexpandtheiroutput.Todothis,thebusinesswillhavetooutsourceoverseasorspend$5milliontoexpanditsexistingfactoryinNSW.

Youhavebeenhiredasaconsultanttowriteareporttothemanagement.Inyourreport:

recommendasourceoffinanceforthefactoryexpansion

discussoutsourcingoverseascomparedwiththefactoryexpansion

explaintheglobalfactorsthatneedtobeconsiderediftheydecidetouseoutsourcingasanoperationsstrategy.

Pleaseturnover

1172 17

7/18/2019 2014 Hsc Business Studies

18/18

SectionIV

20marks

AttempteitherQuestion26orQuestion27

Allowabout35minutesforthissection

AnswerthequestionintheSectionIVWritingBooklet.Extrawritingbookletsareavailable.

Inyouransweryouwillbeassessedonhowwellyou:

demonstrateknowledgeandunderstandingrelevanttothequestion

applyrelevantbusinesscasestudy/studiesandcontemporarybusinessissues

communicateusingrelevantbusinessterminologyandconcepts

presentasustained,logicalandcohesiveresponse

Question26(20marks)

Analyseboththecausesofworkplacedisputesandthestrategiesusedtoresolvethem.

OR

Question27(20marks)

Assesstheimportanceofusingamixofpromotionalstrategiesinthemarketingofgoodsandservices.

Endofpaper

18