7131/2
For Examiner’s Use
Question
Mark
1
2
3
4
5
6
7
8
TOTAL
Friday 24 May 2024 Afternoon Time allowed: 1 hour 30 minutes
AS
BUSINESS
Paper 2 Business 2
MERGED QUESTION PAPER AND MARK
SCHEME BUSINESS PAPER 2 - 7131/2
FOR MAY 2024
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MERGED QUESTION PAPER AND MARK SCHEME BUSINESS PAPER 2 - 7131/2 FOR MAY 2024, Exams of Business Economics
MERGED QUESTION PAPER AND MARK SCHEME BUSINESS PAPER 2 - 7131/2 FOR MAY 2024
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For Examiner’s Use
Question Mark 1 2 3 4 5 6 7 8
TOTAL
Friday 24 May 2024 Afternoon Time allowed: 1 hour 30 minutes
AS
BUSINESS
Paper 2 Business 2
Answer all questions.
Read the source in the Insert.
(^0 1) In 2023, PE Ltd had 120 employees.
The number of products it produced increased by 10% from 2022 to 2023.
Using Figure 1 , calculate PE Ltd’s annual labour productivity in 2023. [ 3 marks]
0 2 Using Figure 2 , calculate the monthly margin of safety for PE Ltd in 2023. [3 marks]
Do not write outside the 0 4 PE Ltd is deciding whether to enter a new market by targeting individual households^ box directly.
Analyse how PE Ltd might benefit from using a decision tree when making this decision. [9 marks]
Extra space
Turn over ►
Do not write outside the 0 5 Analyse the factors PE Ltd should consider when choosing a new supplier.^ box [9 marks]
Extra space
Turn over ►
Do not write outside the box
Extra space
IB/G/G4001/7131/
Do not write outside the 0 7 PE Ltd has failed to achieve its human resource objective of having a low labour turnover. box
To what extent are external factors, rather than internal factors, likely to be the main reason for this failure?
Justify your answer. [16 marks]
IB/G/G4001/7131/
Do not write outside the 0 8 ‘To increase labour productivity, all businesses should use financial methods of box motivation, rather than non-financial methods of motivation.’
To what extent do you agree with this statement? [20 marks]
Turn over ►
IB/G/G4001/7131/
Do not write outside the box
Extra space
IB/G/G4001/7131/
Do not write outside the There are no questions printed on this page box
DO NOT WRITE ON THIS PAGE
ANSWER IN THE SPACES PROVIDED
IB/G/G4001/7131/
Do not write outside the Question box number
Additional page, if required. Write the question numbers in the left-hand margin.
Do not write outside the Question box number
Additional page, if required. Write the question numbers in the left-hand margin.
AS
BUSINESS
Paper 2 Business 2
Mark scheme
June 2024
Version: 1.0 Final
MARK SCHEME – AS BUSINESS – 7131/2 – JUNE 2024
3
Level of response marking instructions
Level of response mark schemes are broken down into levels, each of which has a descriptor. The descriptor for the level shows the average performance for the level. There are marks in each level.
Before you apply the mark scheme to a student’s answer read through the answer and annotate it (as instructed) to show the qualities that are being looked for. You can then apply the mark scheme.
Step 1 Determine a level
Start at the lowest level of the mark scheme and use it as a ladder to see whether the answer meets the descriptor for that level. The descriptor for the level indicates the different qualities that might be seen in the student’s answer for that level. If it meets the lowest level then go to the next one and decide if it meets this level, and so on, until you have a match between the level descriptor and the answer. With practice and familiarity you will find that for better answers you will be able to quickly skip through the lower levels of the mark scheme.
When assigning a level you should look at the overall quality of the answer and not look to pick holes in small and specific parts of the answer where the student has not performed quite as well as the rest. If the answer covers different aspects of different levels of the mark scheme you should use a best fit approach for defining the level and then use the variability of the response to help decide the mark within the level, ie if the response is predominantly level 3 with a small amount of level 4 material it would be placed in level 3 but be awarded a mark near the top of the level because of the level 4 content.
Step 2 Determine a mark
Once you have assigned a level you need to decide on the mark. The descriptors on how to allocate marks can help with this. The exemplar materials used during standardisation will help. There will be an answer in the standardising materials which will correspond with each level of the mark scheme. This answer will have been awarded a mark by the Lead Examiner. You can compare the student’s answer with the example to determine if it is the same standard, better or worse than the example. You can then use this to allocate a mark for the answer based on the Lead Examiner’s mark on the example.
You may well need to read back through the answer as you apply the mark scheme to clarify points and assure yourself that the level and the mark are appropriate.
Indicative content in the mark scheme is provided as a guide for examiners. It is not intended to be exhaustive and you must credit other valid points. Students do not have to cover all of the points mentioned in the Indicative content to reach the highest level of the mark scheme.
An answer which contains nothing of relevance to the question must be awarded no marks.
MARK SCHEME – AS BUSINESS – 7131/2 – JUNE 2024
4
Marking guidance
- Be clear on the focus of the question.
- Read the response as a whole; follow the flow of the argument as a whole.
- Remember that the indicative content provides possible lines of argument but there may be others that are equally valid. Be willing to credit other lines of argument.
- Annotate the script as you read in accordance with the instructions given at standardisation.
- Consider what it all adds up to, eg is this a good response? A reasonable one? A limited one?
Refer back to the standardisation scripts and guidance to help you benchmark.
- Remember that you are marking to the standard agreed at standardisation. Be careful of the standard
you are marking at drifting when you have a big centre; refer back to standardisation scripts.
- Summarise your findings briefly at the end of the response. This will help you decide on the overall level and is helpful for others to understand the mark given, eg for an extended response ‘well-argued but does not focus fully on the issue of ‘long term’ feels as if it might be a good rather than an excellent response’. Make sure the comments fit with the level awarded: for example, ‘unbalanced and not comparing with alternative solutions’ does not sound as if it is ‘good’.
- Next to your comment put the level awarded, eg L4.
- If in doubt about an approach contact your Team Leader, do not make up your own rules because we must have a standardised approach across all marking.
- Be positive in your marking. Look to reward what is there.
K U Knowledge and understanding AN Analytical but lacks context DEV Developed argument (with context) J Judgement with support Bal Balanced response, eg both sides acknowledged L1 L L2 L L3 L L4 L L5 L BOD Benefit of the doubt NAQ Not answering the question OFR Own Figure Rule SEEN Seen TICK CROSS Txt Box ? Uncertain Highlighter Highlighter [ REP ] Repetition Off Page Comment
Off Page Comment
On Page Comment
On Page Comment