BEC – Writing Simulations
April 22, 2012 at 6:08 am #169764
Hi all, I was wondering if you have any suggestions regarding the writing piece of the BEC test, I am an ok writer, however, I am not good at “BSing” if I dont know the topic! Also, should I add in anything addional to the heading of the memo or TO and FROM already provided sufficient enough?April 22, 2012 at 11:31 am #341399
aundreiaMemberApril 22, 2012 at 2:50 pm #341400
Good-Luck Aundreia, let me know how it goes! (:April 22, 2012 at 2:59 pm #341401
My recommendation, BSing is not necessary. Stay on topic, make sure you do not leave grammatical errors, and make 3 paragraphs (intro, body, conclusion). I think I made 2 sentences for intro and conclusion and 3-5 for the body.
Wishing you both the best!!!April 22, 2012 at 3:01 pm #341402
I've heard that they are not grading you on whether or not you know everything about what you are writing about but more on if you address the issue at hand. And yes like @marivy22 said…spelling and grammar.April 22, 2012 at 4:14 pm #341403
BSing on the written communication does help but it is not all of the points to consider. The most important things are:
2) Sentence structure
3) Take a point and stick with it, don't switch your opinion in the middle of the task even if you don't have a clue what the subject is over. This is the most BSing you have to do. Honestly, on my exam I completely made up my entire response on one of the three and none of it was technically correct but I still scored comparable on the written part.
4) Make sure you have a intro, 2-3 body, and a conclusion paragraph that are clearly identified.
Following those 4 things will get you enough points given you do decent on the MCQApril 22, 2012 at 5:29 pm #341404
I do think it's important to know how to write creatively. I have difficulty writing creatively, and I was a little panicked when I pulled a topic about which I knew very little. A little more practice beforehand in “making up” facts to support my position would have helped me, I think.
Also, I was worrying over the first memo (the one I didn't know much about), when I realized I should look at the other two. I forget that they don't have to be done in order. I wasted a little time on the first one when I could have been writing on the second and third. I felt much better going back to number one after I'd completed two and three and was able to “wing it” more.
Good luck! I know you can do it! :o)April 23, 2012 at 3:07 am #341405
I wrote a practice memo as follows, could you guys please give me your feedback as in the format is correct i.e. intro,body, conclusion etc and any other comments you might have, thanks a lot!!
This memo is in response to your inquiry regarding pros and cons of call and put options to mitigate your company’s foreign transactions risk.
A call option is the currency option hedge used to mitigate the transaction exposure associated with exchange rate risk for payables. A put option is the currency option hedge used to mitigate the transaction exposure associated with exchange rate risk for receivables.
An advantage of engaging in call and put options is that buyer of the option gains the right but not the obligation to engage in that transaction, while seller incurs the corresponding obligation to fulfill the transaction. Generally, if a call option price is less than the exchange rate at the time of settlement, the business will exercise its option. If the call option price is more than the exchange rate at the time of settlement, the business will allow the option to expire.
A disadvantage of engaging in call and put options is the premium paid to the originator of the options. While premium paid on expired options are consider sunk cost, the premium amount can add up quickly if there are numerous transactions and can be costly to the company.
I hope my explanation has been helpful in describing pros and cons of call and put option to mitigate your company’s foreign transactions risk. I understand that this topic can be very complex one; please contact me at your earliest convenience so that we may discuss any questions you might have.
Also, should i consider putting anything else in the heading or just start writing the memo as the simulation provided heading is sufficient enough?April 24, 2012 at 6:38 am #341406
Doesn't seem right to critique (though it's mostly minor) in such a public forum to me??? If there's a way to pm in this forum (and you're still interested), I'd be happy to give you a little feedback…April 24, 2012 at 3:00 pm #341407
Hi Wendy, thank you, I am not sure if there is way to PM but if its alright with you, you can shoot me a quick email with your comments/suggestions; here is my email firstname.lastname@example.orgApril 24, 2012 at 4:11 pm #341408
Ok. Will send later when I get a chance.
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