, 2
Do not write
outside the
Section A box
Answer all questions in the spaces provided.
For questions with three or four responses, only one answer per question is allowed.
For each multiple-choice question, 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 . 1 Which of the following is an advantage of job production?
[1 mark]
A Allows a business to achieve economies of scale
B Allows for specialisation of workers
C Allows large quantities to be produced
D Allows the customisation of products
0 1 . 2 Which of the following pairs of legal structures both benefit from limited liability?
[1 mark]
A Ltd and sole traders
B Partnerships and sole traders
C Plc and Ltd
D Plc and sole traders
, 3
Do not write
outside the
0 1 . 3 Which of the following is an economic influence on businesses? box
[1 mark]
A Changes in global warming
B Changes in legislation
C Changes in levels of employment
D Changes in technology
0 1 . 4 Which of the following is a method of digital communication?
[1 mark]
A Computer-aided design
B Laptop computers
C Leaflets
D Social media
0 1 . 5 Which of the following is the formula for average unit costs?
[1 mark]
A (Total fixed costs + total variable costs) ÷ number of units produced
B (Total fixed costs + total variable costs) × number of units produced
C (Total fixed costs + total variable costs) ÷ number of units sold
D (Total fixed costs + total variable costs) × number of units sold
Question 1 continues on the next page
Turn over ►
, 4
Do not write
outside the
0 1 . 6 Which of the following describes the lean production technique of just-in-time (JIT)? box
[1 mark]
A Where a product moves continuously from one stage of the process to
another
B Where the business buys raw materials in bulk before orders are
received
C Where the business only produces the product when a customer
has placed an order
D Where the business produces the product to the requirements of the
customer
0 1 . 7 Identify two factors a business may consider when choosing a supplier.
[2 marks]
Factor 1
Factor 2
0 1 . 8 Explain one reason why a person might want to become an entrepreneur.
[2 marks]
0 1 . 9 Explain one reason why the training of current employees may be needed.
[2 marks]
Do not write
outside the
Section A box
Answer all questions in the spaces provided.
For questions with three or four responses, only one answer per question is allowed.
For each multiple-choice question, 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 . 1 Which of the following is an advantage of job production?
[1 mark]
A Allows a business to achieve economies of scale
B Allows for specialisation of workers
C Allows large quantities to be produced
D Allows the customisation of products
0 1 . 2 Which of the following pairs of legal structures both benefit from limited liability?
[1 mark]
A Ltd and sole traders
B Partnerships and sole traders
C Plc and Ltd
D Plc and sole traders
, 3
Do not write
outside the
0 1 . 3 Which of the following is an economic influence on businesses? box
[1 mark]
A Changes in global warming
B Changes in legislation
C Changes in levels of employment
D Changes in technology
0 1 . 4 Which of the following is a method of digital communication?
[1 mark]
A Computer-aided design
B Laptop computers
C Leaflets
D Social media
0 1 . 5 Which of the following is the formula for average unit costs?
[1 mark]
A (Total fixed costs + total variable costs) ÷ number of units produced
B (Total fixed costs + total variable costs) × number of units produced
C (Total fixed costs + total variable costs) ÷ number of units sold
D (Total fixed costs + total variable costs) × number of units sold
Question 1 continues on the next page
Turn over ►
, 4
Do not write
outside the
0 1 . 6 Which of the following describes the lean production technique of just-in-time (JIT)? box
[1 mark]
A Where a product moves continuously from one stage of the process to
another
B Where the business buys raw materials in bulk before orders are
received
C Where the business only produces the product when a customer
has placed an order
D Where the business produces the product to the requirements of the
customer
0 1 . 7 Identify two factors a business may consider when choosing a supplier.
[2 marks]
Factor 1
Factor 2
0 1 . 8 Explain one reason why a person might want to become an entrepreneur.
[2 marks]
0 1 . 9 Explain one reason why the training of current employees may be needed.
[2 marks]
