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Business management · 2002 · Paper 2 · SL · Markscheme

Business managementMarkscheme2002SL

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Resource overview

This markscheme is listed under Business management in the 2002 examination archive. Its catalogue level is SL. The information below helps you identify the document before opening the complete PDF. Subject, year and session labels come from the archive catalogue; the original cover remains the reference if a label differs. A file is not automatically suitable for your current syllabus simply because its subject name matches.

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MARKSCHEME November 2002 BUSINESS AND MANAGEMENT Standard Level Paper 2 15 pages N02/370/S(2)M+ INTERNATIONAL BACCALAUREATE BACCALAURÉAT INTERNATIONAL BACHILLERATO INTERNACIONALc [2 marks] 1. (a) Using the financial data, calcul ate the payback period for a car to the nearest month. Payback = $10 000 = 3.7 years 8 or 9 months $ 2 700 [2 marks] For correct answers (either 3.7 years or 3 years 8 or 9 months). [1 mark] For correct method, but minor error or no working is shown. [6 marks] (b) Roger originally financed his business with his own savings. Compare and contrast this method of finance with alternative ways of raising the money. 88xpartner xxx sell assets and lease back x8xsell shares xxxfranchise 8x8loan Is relatively easy to organize Has an impact on control Involves interest costs Candidates may also suggest that a partnership may be appropriate. [5 to 6 marks] Compares and contrasts in detail, at leas t two different methods of financing the business. The methods chosen are appropr iate and analysis includes discussion of interest costs, control and opportunity costs. [3 to 4 marks] Discusses alternative methods of finance and attempts to compare and contrast the methods. [1 to 2 marks] Identifies at least one altern ative method of finance but ma y not discuss the similarities and/or differences. – 3 – N02/370/S(2)M+
File information
Subject
Business management
Document type
Markscheme
Year
2002
Session
Not labelled in the archive
Level
SL
Paper
2
Examination zone
Not labelled in the archive
Language
Not labelled in the archive
File size
150 KB
Pages
14
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