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Section A consisted of short-answer and extended-answer questions and was worth 50 marks. Section B consisted of short-answer and extended-answer questions based on a case study and was worth 25 marks. Higher-scoring responses addressed each element of a question, met the requirements of the task words within a question and effectively applied theoretical knowledge to scenarios when required.  \nIn the case study questions in Section B, students were asked to ensure that their responses applied to the case material. High-scoring responses were detailed and showed an understanding of the business in its nature and objectives, rather than general comments – for example, students could refer to the fact that in this case study, the business was a dairy, and dairy products are perishable and so storing them or transporting them over long distances is difficult and costly. Students are encouraged to use the reading time wisely. In some instances a thoughtful choice of strategy or option allowed the student to better respond to the demands of a question. This meant that they selected options that were easier to justify or discuss. Students who took the time to consider the most logical approach to a question were better able to give a higher-quality response.  \nSpecific information  \nNote: Student responses reproduced in this report have not been corrected for grammar, spelling or factual information.  \nThis report provides sample answers or an indication of what answers may have included. Unless otherwise stated, these are not intended to be exemplary or complete responses.  \nThe statistics in this report may be subject to rounding resulting in a total more or less than 100 percent.  \nSection A  \nQuestion 1a.  \n\n| Marks | 0 | 1 | Average\u003Cbr>0.8 |\n| --- | --- | --- | --- |\n| % | 20 | 80 |  |\n\nStudents should have stated that a sole trader is a business structure where one person owns the business. The key term was ‘owned’.  \nOnly using the terms ‘control’, ‘operate’ or ‘run’was insufficient to be awarded the mark.  \nIn general, this question was well answered. Students needed to ensure that their response was accurate to score the one mark available. This question highlighted the need for students to use precise language when answering a question.  \nThe following is an example of a high-scoring response.  \nA sole trader is a small business, owned and operated by a single proprietor, often with the primary objective of making a profit.  \nQuestion 1b.  \n\n| Marks | 0 | 1 | 2 | Average\u003Cbr>1.2 |\n| --- | --- | --- | --- | --- |\n| % | 11 | 62 | 27 |  |\n\nWhile most students were able to state a reason why a partnership may be advantageous compared to a sole trader – more start-up capital, shared workload, shared decision-making, bigger pool of experience, etc.– few of these students then expanded upon this reason. The question required students to outline their chosen reason and provide more detail than simply stating the reason. For example, with two or more owners contributing capital there is less need for the business to borrow money to finance the start-up of the business. This removes a cost (interest) , making it cheaper financially to commence business.  \nLower-scoring responses defined a partnership or simply named a second reason. A second reason was not awarded a mark.  \nThe following is an example of a high-scoring response.  \nA partnership is a structure that can consist of 2 to 20 people and combines the expertise and capital of these people. They also have unlimited liability, however, a business may choose to operate under this structure as it means there’s more perpetuity for the business, in that even if one person leaves or passes away, the life of the business will still continue. If this were the case with a sole trader the business would no longer operate.  \nQuestion 1c.  \n","cbCaitvlUs3BniOb","https://ap.wps.com/l/cbCaitvlUs3BniOb","pdf",129300,12,"English","# General comments\n# Specific information\n# Section A\n## Question 1a\n## Question 1b\n## Question 1c\n## Question 1d\n# Section B","[{\"question\":\"How were the 2017 VCE Business Management exam sections structured and weighted?\",\"answer\":\"Section A included short-answer and extended-answer questions worth 50 marks. Section B included short-answer and extended-answer questions based on a case study worth 25 marks.\"},{\"question\":\"What do higher-scoring responses in the report demonstrate?\",\"answer\":\"They address each element of the question, meet the requirements of task words, and apply relevant theoretical knowledge to scenarios when needed.\"},{\"question\":\"What key advice is given for answering case study questions in Section B?\",\"answer\":\"Responses should apply directly to the case material rather than giving general comments, and students should use reading time to choose the most logical strategy or option.\"}]","2017 VCE Business Management examination report - General comments and sample answers | PDF",1789903874]