Top tips for the upcoming B&M exams #4
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The IB B&M syllabus incorporates many quantitative techniques…
Top Tip #4 – Learn the quantitative methods
The IB B&M syllabus incorporates many quantitative techniques such as:
• Decision trees (1.6)
• Investment appraisal (3.2)
• Budgeting (3.4)
• Cash flow forecasting (3.3)
• Balance Sheets (3.5)
• Depreciation (3.5)
• Profit and Loss accounts (3.5)
• Cost allocation (4.4)
• Costs and revenue (5.2)
• Break-even analysis (5.3)
• Ratio analysis (3.6)
• Elasticity of demand (4.4)
• Critical path analysis (5.8)
It is important to learn these quantitative techniques and to be able to use them to aid business decision-making. Whilst students are given a formulae booklet in the IB B&M exams, they are not provided with formulae for the following quantitative concepts:
• Average Cost
• Break-even
• Capacity utilization
• Closing Balance
• Cost of sales
• Earliest start time
• Gross profit
• Labour productivity
• Labour turnover
• Latest finishing time
• Market share
• Net assets
• Net Cash Flow
• Net Profit
• Profit
• Payback period
• Safety margin
• Straight line depreciation
• Total costs
• Unit contribution
• Variance
• Working capital
Again, make sure you learn the definitions and the formula for these concepts. Note that the terms in italics apply only to HL students.
Level7 Education Revision Workshops - IB B&M April 2010
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