Business management · 2000 · Paper 2 · SL · Markscheme
Business managementMarkscheme2000SL
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Resource overview
This markscheme is listed under Business management in the 2000 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 2000
BUSINESS AND ORGANISATION
Standard Level
Paper 2
N00/370/S(2)M
INTERNATIONAL BACCALAUREATE
BACCALAURÉAT INTERNATIONAL
BACHILLERATO INTERNACIONAL
26 pages
[4 marks]
1. (a) Explain what is meant by fixed assets and why Pezfresh has decided
to buy boats and trucks (lorries) instead of leasing them.
Fixed assets are items of a monetary value which have a long term function and can be
used repeatedly. These determine the scale of the firm’s operations. Examples are land,
buildings, equipment and machinery. Fixed assets can provide collateral for securing
additional loan capital, but they depreciate in value with use.
For Pezfresh fixed assets are fish freezing and packaging plant and machinery, fishing
boats and trucks (lorries).
Pezfresh has decided to buy boats and trucks (lorries) as they represent assets to the
company. It means that they do not have to rent or lease and depend on other
companies to transport goods.
Level 1 [4 marks] : candidate clearly explains what is meant by fixed assets. They
provide a detailed answer on why Pezfresh bought boats instead of leasing them.
Level 2 [2 - 3 marks]: candidates may or may not explain what is meant by fixed assets,
but the answer may lack detail and/or they may or may not explain why Pezfresh
decided to buy boats instead of leasing them.
Level 3 [1 mark]: candidate makes a limited response.
[4 marks]
(b) Describe in detail two reasons why the workers accept the conditions
in which they work.
Workers might have to accept the conditions because of high levels of unemployment.
The workers may be unskilled; workers maybe poorly represented by their unions;
unions may have little power or maybe there are no unions. Reference to the macro
economic situation of the country might be made: recession, a less developed country or
a developing one. Other jobs in the country might be similar. Reference to labour
immobility might be made (occupational, geographical, psychological).
Level 1 [4 marks]: candidate clearly explains two suitable reasons as to why workers
might accept the conditions in which they work. Their reasons are related to Pezfresh.
Level 2 [2 - 3 marks] : candidate explains two
File information
Subject
Business management
Document type
Markscheme
Year
2000
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
55 KB
Pages
21
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