Business Studies / Past papers

CAIE 7115 Business Studies Paper 1 — October/November 2021 Question Paper

The real October/November 2021 Paper 1 (Short Answer and Data Response) question paper for CAIE 7115 Business Studies (7115_w21_qp_12).

20 questions, 80 marks total.

Ask CIEMate to help you answer these questions.

1. Question 1a2 marks

   Define 'secondary sector'.

2. Question 1b2 marks

   Identify two factors a business should consider when deciding whether to introduce just-in-time inventory control.

3. Question 1c4 marks

   Outline one advantage and one disadvantage to SWB of using quality control.

4. Question 1d6 marks

   Explain two possible communication barriers that might exist at SWB.

5. Question 1e6 marks

   Do you think it is a good idea for a business to have only one customer? Justify your answer.

6. Question 2a2 marks

   Define 'variable costs'.

7. Question 2b2 marks

   Identify two limitations of break-even analysis.

8. Question 2c4 marks

   Outline two possible advantages to ALB of using retailers to distribute its products.

9. Question 2d6 marks

   Explain one advantage and one disadvantage to ALB of trying to protect the environment.

10. Question 2e6 marks

    Do you think a successful entrepreneur has to be a good manager? Justify your answer.

11. Question 3a2 marks

    Identify two ways a government can support new business start- ups.

12. Question 3b2 marks

    Calculate X and Y.

13. Question 3c4 marks

    State four financial ratios a business can use.

14. Question 3d6 marks

    Explain two ways that the introduction of a new tourist tax might affect Aurelie's business.

15. Question 3e6 marks

    Do you think offering good customer service is the best way for a small business to build customer relationships? Justify your answer.

16. Question 4a2 marks

    Identify two features of a public limited company.

17. Question 4b2 marks

    Identify the level of Maslow's Hierarchy of Needs each of the following methods belongs to.

18. Question 4c4 marks

    Outline two advantages to GCF of having well-motivated employees.

19. Question 4d6 marks

    Explain one advantage and one disadvantage to GCF of issuing new shares as a source of finance.

20. Question 4e6 marks

    Do you think the number of employees is the best way to measure the size of a tertiary sector business? Justify your .