Question paper A level Paper 1 Business 1 June 2017

Question Paper A Level Paper 1 Business 1 June 2017-Free PDF

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2 Do not write,outside the,Answer all questions in this section. Only one answer per question is allowed, For each answer completely fill in the circle alongside the appropriate answer. CORRECT METHOD WRONG METHODS, If you want to change your answer you must cross out your original answer as shown. If you wish to return to an answer previously crossed out ring the answer you now wish to. select as shown, 0 1 A farmer takes over a retailer in order to sell its produce This is an example of. A horizontal integration,B backward vertical integration.
C forward vertical integration,D conglomerate integration. 0 2 Figure 1 below shows a stakeholder map,Figure 1 Stakeholder map. IB G Jun17 7132 1,3 Do not write,outside the, For this particular business which stakeholder group is most likely to influence this. business management decision making,A Suppliers,B Customers. C Shareholders,D Employees, 0 3 A business experiencing a lower level of capacity utilisation than usual may benefit.
because it,A reduces the average costs of production. B provides more time for maintenance and repair of machinery. C can increase employee morale because employees feel. more secure in their jobs, D represents a more efficient use of capital equipment. 0 4 The information below is an extract from a company s annual accounts. Current assets 3 million,Current liabilities 2 4 million. Non current liabilities 4 2 million,Capital employed 12 million. The company s gearing ratio is,03 IB G Jun17 7132 1.
4 Do not write,outside the, 0 5 Options A to D below show four different combinations of monetary and fiscal policy. Which combination is most likely to lead to an increase in sales for a company that. builds houses Assume there are no other changes, A Decreasing interest rates and decreasing taxation. B Decreasing interest rates and increasing taxation. C Increasing interest rates and decreasing taxation. D Increasing interest rates and increasing taxation. 0 6 A business helps its local community with a view to improving the quality of life of. nearby residents In Carroll s pyramid of corporate social responsibility this is most. likely to be an example of,A economic responsibility. B ethical responsibility,C legal responsibility,D philanthropic responsibility. 0 7 An approach to examine the impact of possible changes on the predicted financial. outcome of an investment is known as,A investment criteria.
B non financial factors,C sensitivity analysis,D the discount rate. IB G Jun17 7132 1,5 Do not write,outside the, 0 8 Starbucks is an American coffee shop In recent years it has opened over 300 tea. shops in America to appeal to its existing customers According to Ansoff s matrix. this is an example of,A diversification,B market development. C market penetration,D product development, 0 9 Which type of crisis is most likely to occur at point 3 of Greiner s model of growth. shown below,A Leadership crisis,B Autonomy crisis,C Red tape crisis.
D Control crisis,05 IB G Jun17 7132 1,6 Do not write. outside the, 1 0 Figure 2 below contains data on the costs of producing a given product. Output units Total costs, Calculate the total variable costs of producing 3 units of output. 1 1 Statement 1 According to Taylor piece rate payments will usually motivate. Statement 2 According to Herzberg piece rate payments will usually motivate. Read statements 1 and 2 and select the correct option from the following options. A Statement 1 is true Statement 2 is true,B Statement 1 is true Statement 2 is false. C Statement 1 is false Statement 2 is true,D Statement 1 is false Statement 2 is false.
IB G Jun17 7132 1,7 Do not write,outside the,1 2 According to Lewin s force field analysis. A change will occur if driving forces are stronger than. restraining forces, B change will occur if negative forces equal positive forces. C a company will grow if its strengths and opportunities. outweigh its weaknesses and threats, D a company will grow if horizontal forces and vertical forces. are balanced, 1 3 Statement 1 Penetration pricing is more likely to be used if demand is price. Statement 2 Price skimming is more likely to be used if demand is price elastic. Read statements 1 and 2 and select the correct option from the following options. A Statement 1 is true Statement 2 is true,B Statement 1 is true Statement 2 is false.
C Statement 1 is false Statement 2 is true,D Statement 1 is false Statement 2 is false. 1 4 In a business each employee has a job with clear rules and procedures. Which of Handy s cultures does this description most closely correspond to. A Person culture,B Power culture,C Role culture,D Task culture. 07 IB G Jun17 7132 1,8 Do not write,outside the, 1 5 The network in Figure 3 shows the activities involved in the launch of a new product. All timings are in days,Figure 3 Network for the launch of a new product. The duration of the critical path for this network is. IB G Jun17 7132 1,9 Do not write,outside the,Turn over for the next section.
DO NOT WRITE ON THIS PAGE,ANSWER IN THE SPACES PROVIDED. 09 IB G Jun17 7132 1,10 Do not write,outside the,Answer all questions in this section. The data in Figure 4 shows the expected financial outcomes of an investment into. new equipment,Year Annual Annual Net return Discount. inflows outflows 000 factor 5,0 0 50 50 1 00,1 30 17 13 0 95. 2 40 12 28 0 91,3 40 13 27 0 86, 1 6 Based on the data in Figure 4 calculate the payback of the investment.
IB G Jun17 7132 1,11 Do not write,outside the, 1 7 Based on the data in Figure 4 calculate the Net Present Value of the investment. Net Present Value, 1 8 A fashion chain decides to switch to fair trade clothing in its shops Explain one. possible consequence for the fashion chain,Extra space. 11 IB G Jun17 7132 1,12 Do not write,outside the, 1 9 Explain how the use of break even analysis might help an entrepreneur make. decisions about the start up of a new business,Extra space.
IB G Jun17 7132 1,13 Do not write,outside the, 2 0 A caf sells two types of hot drinks These drinks have the following income. elasticities of demand,Income elasticity of,Coffee 2 0. The volume of coffee sales is several times greater than the volume of tea sales. Based on the information above analyse how the caf s overall sales volume of hot. drinks would be affected by a rise in consumers incomes Assume there are no. other changes,Extra space,13 IB G Jun17 7132 1,14 Do not write. outside the, 2 1 Use the data in Figure 5 to explain how the use of debt factoring would benefit ABC. Figure 5 Extracts from the balance sheet of ABC Ltd. 31 3 2015 31 3 2016 31 3 2017,000 000 000,Inventories 200 230 250.
Receivables 300 500 690,Cash 400 200 0,Total current assets 900 930 940. Payables 500 530 550,IB G Jun17 7132 1,15 Do not write. outside the,Extra space,Turn over for Section C,15 IB G Jun17 7132 1. A level BUSINESS Paper 1 Business 1 2 02 IB G Jun17 7132 1 Do not write outside the box Section A Answer all questions in this section Only one answer per question is allowed For each answer completely fill in the circle alongside the appropriate answer CORRECT METHOD If you want to change your answer you must cross out your original answer as shown If you wish to return to an answer

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