AS Business Studies Exam 2025 ACTUAL EXAM COMPLETE 160 QUESTIONS WITH DETAILED
VERIFIED ANSWERS (100% CORRECT ANSWERS) ALREADY GRADED A+
1. Secondary sec-
Manufacture products from extracted raw material
tor
2. Tertiary sector provides services
3. Private sector Businesses owned and controlled by individuals
4. Public sector Organizations controlled by government
5. Mixed economy Resources owned and controlled by both private
and
government
6. Free-market Resources owned and controlled largely by private
economy
7. Command sector Resources owned and controlled by the
econ- omy
8. Unlimited liabili- government
ty
If business fails, the owner might have to sell
personal assets to pay for it.
9. Limited liability If company fails then shareholder only lose their
invest-
ment, not personal assets.
10. Sole trader A business which is owned and controlled by one
person.
11. Partnership A business formed by 2 or more people (Shared
capital + responsibilities)
12. Legal The company has a separate legal identity from
personali- ty owners.
13. Continuity The business is not affected by the death of an
To get this or any other Exam contact ()
,AS Business Studies Exam 2025 ACTUAL EXAM COMPLETE 160 QUESTIONS WITH DETAILED
VERIFIED ANSWERS (100% CORRECT ANSWERS) ALREADY GRADED A+
owner.
14. Private A small to medium-sized business that is owned
limited by share- holders (Cannot sell shares to public)
company
15. Shareholder A person who owns share in a limited company
16. Share
To get this or any other Exam contact ()
, Part of ownership of a company. Allow shareholder to
get dividends
17. Public large business with legal right to sell shares to public
limited
company
Disagreement in decisions between board of directors
18. Divorce between (control) and owners (ownership) =>Conflict
ownership and
control
19. Cooperatives Firm owned, controlled, and operated by a group
of users for their own benefit.
20. Franchise A business that uses name, logo, trading methods
of an
existing successful business
Examples: Burger King, Carl's Junior, Pizza Hut, etc
21. Joint venture 2 or more businesses agree to work closely togethe
on
a particular project.
22. Holding compa- A business organization that owns and controls
ny multiple separate businesses that are not
unified into one.
23. Enterprise The ability to come up with ideas and new ways
of doing things; handle uncertainty; deal
effectively with change
24. Entrepreneur An individual that takes calculated risks when
deciding on setting up a business venture in
pursuit of an idea
25. Forms of entre-
preneurship
26. Importance of risk and rewards
3/
26
VERIFIED ANSWERS (100% CORRECT ANSWERS) ALREADY GRADED A+
1. Secondary sec-
Manufacture products from extracted raw material
tor
2. Tertiary sector provides services
3. Private sector Businesses owned and controlled by individuals
4. Public sector Organizations controlled by government
5. Mixed economy Resources owned and controlled by both private
and
government
6. Free-market Resources owned and controlled largely by private
economy
7. Command sector Resources owned and controlled by the
econ- omy
8. Unlimited liabili- government
ty
If business fails, the owner might have to sell
personal assets to pay for it.
9. Limited liability If company fails then shareholder only lose their
invest-
ment, not personal assets.
10. Sole trader A business which is owned and controlled by one
person.
11. Partnership A business formed by 2 or more people (Shared
capital + responsibilities)
12. Legal The company has a separate legal identity from
personali- ty owners.
13. Continuity The business is not affected by the death of an
To get this or any other Exam contact ()
,AS Business Studies Exam 2025 ACTUAL EXAM COMPLETE 160 QUESTIONS WITH DETAILED
VERIFIED ANSWERS (100% CORRECT ANSWERS) ALREADY GRADED A+
owner.
14. Private A small to medium-sized business that is owned
limited by share- holders (Cannot sell shares to public)
company
15. Shareholder A person who owns share in a limited company
16. Share
To get this or any other Exam contact ()
, Part of ownership of a company. Allow shareholder to
get dividends
17. Public large business with legal right to sell shares to public
limited
company
Disagreement in decisions between board of directors
18. Divorce between (control) and owners (ownership) =>Conflict
ownership and
control
19. Cooperatives Firm owned, controlled, and operated by a group
of users for their own benefit.
20. Franchise A business that uses name, logo, trading methods
of an
existing successful business
Examples: Burger King, Carl's Junior, Pizza Hut, etc
21. Joint venture 2 or more businesses agree to work closely togethe
on
a particular project.
22. Holding compa- A business organization that owns and controls
ny multiple separate businesses that are not
unified into one.
23. Enterprise The ability to come up with ideas and new ways
of doing things; handle uncertainty; deal
effectively with change
24. Entrepreneur An individual that takes calculated risks when
deciding on setting up a business venture in
pursuit of an idea
25. Forms of entre-
preneurship
26. Importance of risk and rewards
3/
26
