Business Studies / Past papers

CAIE 7115 Business Studies Paper 1 — October/November 2024 Question Paper

The real October/November 2024 Paper 1 (Short Answer and Data Response) question paper for CAIE 7115 Business Studies (7115_w24_qp_12).

20 questions, 80 marks total.

Ask CIEMate to help you answer these questions.

1. Question 1a2 marks

   Identify two features of a private sector business.

2. Question 1b2 marks

   Identify two reasons why a business might remain small.

3. Question 1c4 marks

   Outline one reason why Avtar might need each of the following types of finance:

4. Question 1d6 marks

   Explain two ways an economic recession might affect Avtar's business.

5. Question 1e6 marks

   Explain two ways a business can increase added value. Which is likely to be the best way for a business to use? Justify your answer.

6. Question 2a2 marks

   Define 'licensing'.

7. Question 2b2 marks

   Identify two factors which might affect how much inventory a business should hold.

8. Question 2c4 marks

   Outline two benefits to SNT of using batch production.

9. Question 2d6 marks

   Explain one advantage and one disadvantage to SNT of forming a joint venture when entering new markets in other countries.

10. Question 2e6 marks

    Do you think the advantages to a business of being ethical are greater than the disadvantages? Justify your answer.

11. Question 3a2 marks

    Define 'non-current assets'.

12. Question 3b2 marks

    Calculate HRO's current ratio. Show your working.

13. Question 3c4 marks

    State whether each of the following would be classified as a current asset or as a current liability.

14. Question 3d6 marks

    Explain one way the objective of HRO's shareholders to increase profit might conflict with the objectives of each of the following stakeholder groups:

15. Question 3e6 marks

    Do you think the advantages to a business of using primary market research are greater than the disadvantages? Justify your answer.

16. Question 4a2 marks

    Identify one advantage and one disadvantage to employees of being members of a trade union.

17. Question 4b2 marks

    Identify one benefit and one limitation of a business using induction training.

18. Question 4c4 marks

    Outline one reason why each of the following stages of recruitment might be important for TLA:

19. Question 4d6 marks

    Explain two possible diseconomies of scale as TLA grows.

20. Question 4e6 marks

    Do you think the advantages of managers using a democratic leadership style are greater than the disadvantages for a business? Justify your answer.