Can Business be recognized as a honor course?

<p>Hello all,
I'm taking the IB full diploma and recently I've been applying to universities but as usual universities say that "Business" itself is not an academic subject but rather an elective.
But after some internet research, as according to one high school's course choice,
Link1[/url</a>]
[url=<a href="http://74.125.153.132/search?q=cache:h_8HiGiEMeEJ:www2.westerville.k12.oh.us/South-ibo/IB%2520Information%2520for%2520the%2520Prospective%2520Student.pdf&cd=7&hl=en&ct=clnk%5DLink2">http://74.125.153.132/search?q=cache:h_8HiGiEMeEJ:www2.westerville.k12.oh.us/South-ibo/IB%2520Information%2520for%2520the%2520Prospective%2520Student.pdf&cd=7&hl=en&ct=clnk]Link2</a> - go to end of page 5

It seems that it is an elective but can anyone verify it or has taken "IB Business and Management Higher Level" who can answer my question?</p>

<p>Also, if it's really an elective, will the maximum weighted grade be 4.0(instead of 5 for honors(AP or IB))?</p>