Business Studies / Past papers

CAIE 7115 Business Studies Paper 1 — May/June 2022 Question Paper

The real May/June 2022 Paper 1 (Short Answer and Data Response) question paper for CAIE 7115 Business Studies (7115_s22_qp_12).

20 questions, 80 marks total.

Ask CIEMate to help you answer these questions.

1. Question 1a2 marks

   Define 'current liabilities'.

2. Question 1b2 marks

   Identify two examples of non-current assets.

3. Question 1c4 marks

   Outline two possible reasons why liquidity is important to AHG.

4. Question 1d6 marks

   Explain two advantages to AHG of its managers using delegation.

5. Question 1e6 marks

   Do you think competitive pricing is the best method for an established business to use? Justify your answer.

6. Question 2a2 marks

   Define 'off-the-job training'.

7. Question 2b2 marks

   Identify two reasons (other than financial) why people work.

8. Question 2c4 marks

   Outline two methods of financial rewards RWB might use to motivate its employees.

9. Question 2d6 marks

   Explain two ways RWB might be affected by new legal controls over business activities which affect the environment.

10. Question 2e6 marks

    Do you think a reduction in the level of unemployment always benefits businesses? Justify your answer.

11. Question 3a2 marks

    Identify one benefit and one cost to a business of developing new products .

12. Question 3b2 marks

    Calculate the break-even level of output for 2021. Show your working.

13. Question 3c4 marks

    Outline two ways CHW could increase its margin of safety.

14. Question 3d6 marks

    Explain two ways in which the stage of the product life cycle might affect CHW's marketing decisions about promotion.

15. Question 3e6 marks

    Do you think flow production is the best method of production for a manufacturing business to use? Justify your answer.

16. Question 4a2 marks

    Define 'entrepreneur'.

17. Question 4b2 marks

    Define 'opportunity cost'.

18. Question 4c4 marks

    Identify four reasons why a new business might be at greater risk of failure than an established business.

19. Question 4d6 marks

    Explain two suitable sources of start-up capital Tom's business might use.

20. Question 4e6 marks

    Do you think a partnership is the best form of business organisation for a new business? Justify your answer.