Anyone know what's due to come up on the OL paper for tomorrow? Thinking of dropping
well wuu2 :)
No ABQ for OL, 25% of the marks is for the Short Questions, 75% is for the Long Question.
General Topics same as HL Paper Consumer Legislation People in Business, Small Claims Court comes up regularly,
Forms of Business - Sole Trader, Partnership, PLC.
Characteristics of Entrepreneurs: Control, Self-confident, Decisive, Creative/Innovated, Energetic.
Enterprising skills – Planning/Goal setting, Assessing risk/decision making, Time management, HR,
Innovation, Reality perception, Inner control.
Leadership styles and Motivational theory Maslow, McGregors X&Y.
Management Activities – POC (Planning, Organising & Controlling.
Management Skills - LMC Leading, Motivating and Communications.
Notice for Meeting and Agenda - Duties of Chairperson, Secretary.
Good Communication, why is it important for a business.
Marketing Product Life Cycle, Branding, Target Market.
Sources of Finance - Short, Medium and Long Term.
Organisational Structures, be able to draw out (Functional, Geographic, Product).
Employment Equality Act, Discrimination, Industrial Relations.
Cashflow foreast be able to analyse it, write about the Net Cash Figure, comment on findings.
Contract Law, Offer, Acceptance, Consideration etc.
Balance of trade (Visible/physical) goods and Balance of Payments (Visible and Invisible goods) be able to calculate.
Insurance - Principles.
I have also put up general notes that might help with revision which you could use links:
Good luck with your examination, watch the time, most students find they run out quickly under exam pressure. Let me know how you get on.
You need to be finished the short questions in 1/2 hour (3 minutes each), also leave the ABQ till LAST as it is the unseen element of the paper and will take the longest to do, good luck!!! My notes on my post should really assist.
https://youtu.be/2PuIjq8gims hope this helps :-))