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Saturday, March 6, 2021

Business Management - Formative Assessment Mini Project

  Business Management (HL and SL)

Formative Assessment – Mini Project

Business Management Formative assessment project


Objectives: 

a)      To improve the use of computer skills for Business Management HL and SL internal assessments/extended essays

b)      To improve analysis and evaluation skills.

 

ATL Links

a)      Communication

b)      Thinking

c)      Self-management ( time management)

Unit/topics

Finance and Accounts / Financial Ratios

 

The following financial figures are taken from the books of Well Grow Traders.

Year

Sales Revenue (INR)

Cost of Goods Sold (INR)

Gross Profit (INR)

Overhead Expenses (INR)

Net Profit (INR)

2015-2016

534,000

300,000

234,000

200,000

34,000

2016-2017

790,000

500,000

290,000

245,000

45,000

2017-2018

760,000

490,000

270,000

230,000

40,000

2018-2019

512,000

320,000

192,000

154,000

38,000

2019-2020

639,000

340,000

299,000

257,000

42,000

 

Task 1:

Using the above figures,    prepare individual chart/graph for the following:

·       Sales revenue

·       Cost of goods sold

·       Gross profit

·       Overhead expenses

·       Net profit  

·       Write a comment on the overall performance of the business. ( It is useful to calculate GPM and NPM to comment better)

 

Assessment rubrics

Marks

Level descriptors

0

The work does not reach the standard described

1-5

 Only 1-2 graphs are prepared but no overall comments written

6-8

3- 4  graphs are prepared but no comments  are given.

9-10

All 5 graphs are prepared but no comments are given.

11- 15

All 5 graphs are prepared, graphs are neatly labelled. comments are written but they are NOT relevant and coherent.

16-20

All graphs/charts are prepared and comments are written which are relevant and coherent.

Note: To get top marks (19-20), the report should have the following:

·       Cover page (Name of the subject, student name, date of submission)

·       Contents page

·       All graphs/charts are labeled

·       All pages are numbered

·       Bibliography (MLA format)

 

Date of submission: dd/mm/yy

Download this  formative assessment task sheet

Request for a  sample  response

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Friday, March 5, 2021

Income statement worksheet Ind Electronics Limited

 

Ind Electronics Limited (IEL)

Income statement worksheet

 

 

Topic/s covered: Income statement

·       Gross profit

·       Net profit

·       Gross profit margin

·       Net profit margin

·       Profit and Loss Account.

 

Ind Electronics Limited (IEL) manufacturers electronic products and is famous for its innovative and high-end home theatres.  Its customers include high income families and corporates.  Due to increase in  production cost and competition in the market, profit margins have been declining.  The company has provided the following financial information for two years 2019 and 2020.

 

2019 ($ 000)

2020 ($ 000)

Expenses

60

75

Cost of goods sold

80

95

Sales revenue

200

230

Total current assets

120

140

Total current liabilities

70

85

 

Questions:

a)   Define the term   gross profit margin.

[2 marks]

b)   Define the term net profit margin

[4 marks]

c)   Construct a profit and loss account for IEL for 2019 and 2020

[4 marks]

d)   Calculate gross profit margin and net profit margin for both the years.

[4 marks]

 

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Thursday, March 4, 2021

Approaches to Learning (ATL) Skills

 Approaches to Learning (ATL) Skills

ATL Skills


Guiding Questions

·      What are my present skills in this area and what evidence do I have of my development?

·      What skills can I improve?

·      What new skills can I learn?

 

Why are ATL skills?

·      To help all students learn more effectively and efficiently.

·      To make teaching more effective and efficient.

·      To help all students adapt keeping the changing environment -as content knowledge keeps changing and thus it is the skills that would help students to adapt keeping the changing environment in mind.

Research Skills

       Formulating questions

       Observing

       Planning

       Collecting data

       Recording data

       Organising data

       Interpreting data

       Presenting research findings

Thinking Skills

 

·      Acquisition of knowledge

·      Comprehension

·      Application

·      Analysis

·      Synthesis

·      Evaluation

·      Metacognition

Communication Skills

·      Listening

·      Speaking

·      Reading

·      Writing

·      Viewing

·      Presenting

·      Non-verbal communication

·      Seeking feedback

·      Reflection

Social Skills

·      Accepting responsibility

·      Respecting others

·      Cooperating

·      Resolving conflict

·      Group decision-making

·      Adopting a variety of group roles

 

Self-Management skills

       Organization.

       Time management.

       Safety and Healthy lifestyle.

       Codes of behavior.

       Seeking support when needed.

 

 

ATL skills self-assessment questionnaire:

https://forms.gle/GoDuwF8EWVnNKCt89

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Sunday, February 21, 2021

IB Diploma Extended Essay RPPF- Check List

 

IB Diploma Extended Essay RPPF

(Reflections on Planning and Progress Form)

IB Diploma Extended Essay RPPF

The RPPF (Reflections on Planning and Progress Form) is where EE students write their three reflections: First, Interim and Final (after the viva voce). The maximum word count for all three reflections combined is 500 words and should be recorded on the RPPF Form given by the IBO.

The RPPF is a chance for EE students to show one or more of the following:

*     Intellectual, creative, personal, and/or developmental growth,

*     How actively engaged they are in the learning process,

*     What they have learned about how to learn and research and/or how they have grown as a learner,

*     The skills that they have learned, including:

·       critical thinking,

·       decision-making,

·       general research,

·       planning,

·       referencing and citations,

·       specific research methodology, and

·       time management.

First Reflection

Possible topics to discuss in this section of the RPPF include (but are not limited to) your thoughts on:

·       Your initial topic exploration,

·       The topic you have chosen and why,

·       Possible sources and methods,

·       What you might hope to learn or achieve from studying this topic,

·       Possible ideas of how you might answer your question and/or research the answer,

·       Questions or challenges faced so far,

·       Anything else you feel could show your engagement, learning, growth or initiative.

 

·         Interim Reflection

Possible topics to discuss in this section of the RPPF include (but are not limited to) your thoughts on:

·       The research so far, including reactions to specific things you’ve learned or discovered,

·       How your research (including your research question) changed or developed,

·       Things you’ve learned about the topic and/or research process,

·       Progress in the timeline for completing the essay,

·       Possible outlines of arguments being made in response to your RQ,

·       Challenges encountered and strategies used to overcome them,

·       Anything else you feel could show your engagement, learning, growth or initiative.

Final Reflection

Possible topics to discuss in this section of the RPPF include (but are not limited to) your thoughts on:

·       The personal significance of the work to you as a student,

·       What you have learned about the topic,

·   What you have learned about learning and/or how you have “grown” as a learner,

·       New questions you have about your topic,

·   Anything else you feel could show your engagement, learning, growth or initiative.

The Reflections on planning and progress form (RPPF) enables examiners to gain an insight into students’ thinking processes while researching and writing the EE. The examiners are looking to see how students’ thinking and skills have developed during this time. Completion of the RPPF is a mandatory requirement of the EE. RPPF carries 6 marks.

Request a copy of this!

Source: IB Diploma Extended Essay Guide. Published by the IBO.