AQA
A-level
BUSINESS
7132/1
Paper 1 Business 1
Question Paper + Mark scheme [MERGED]
June 2022
, Please write clearly in block capitals.
Centre number Candidate number
Surname
Forename(s)
Candidate signature
I declare this is my own work.
A-level
BUSINESS
Paper 1 Business 1
Time allowed: 2 hours
Materials
For this paper you must have: For Examiner’s Use
• a calculator. Question Mark
Section A
Instructions
• Use black ink or black ball-point pen. 16
• Fill in the boxes at the top of this page. 17
• Answer all questions in Section A and Section B.
18
• Answer one question from Section C and one question from Section D.
• You must answer the questions in the spaces provided. Do not write 19
outside the box around each page or on blank pages. 20
• If you need extra space for your answer(s), use the lined pages at the end of
21
this book. Write the question number against your answer(s).
• Do all rough work in this answer book. Cross through any work you do not 22
want to be marked. 23
24
Information
25
• The marks for questions are shown in brackets.
• The maximum mark for this paper is 100. TOTAL
*jun227132101*
IB/G/Jun22/E11 7132/1
, 2
Do not write
outside the
Section A box
Answer all questions in this section.
Only one answer per question is allowed.
For each 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 The managers of a business propose to retain all of its profit to finance automation of
its production. This is most likely to cause conflict with:
[1 mark]
A employees and lenders.
B employees and shareholders.
C lenders and suppliers.
D shareholders and suppliers.
0 2 A business is able to reduce unit costs because of lessons learned throughout the
period in which it has existed. This is known as:
[1 mark]
A economies of scale.
B economies of scope.
C synergy.
D the experience curve.
*02*
IB/G/Jun22/7132/1
, 3
Do not write
outside the
0 3 In a decision tree the net gain of a decision is the: box
[1 mark]
A average pay-off of the outcomes.
B expected value of the best decision minus the expected value of
the next best decision.
C expected value minus the initial cost.
D total pay-off of the outcomes minus the initial cost.
0 4 Which one of these changes is most likely to lead to higher costs and higher demand
for a product?
[1 mark]
A An increase in the rate of inflation
B A rise in interest rates
C Introducing fair trade principles
D More competition
Turn over for the next question
Turn over ►
*03*
IB/G/Jun22/7132/1
A-level
BUSINESS
7132/1
Paper 1 Business 1
Question Paper + Mark scheme [MERGED]
June 2022
, Please write clearly in block capitals.
Centre number Candidate number
Surname
Forename(s)
Candidate signature
I declare this is my own work.
A-level
BUSINESS
Paper 1 Business 1
Time allowed: 2 hours
Materials
For this paper you must have: For Examiner’s Use
• a calculator. Question Mark
Section A
Instructions
• Use black ink or black ball-point pen. 16
• Fill in the boxes at the top of this page. 17
• Answer all questions in Section A and Section B.
18
• Answer one question from Section C and one question from Section D.
• You must answer the questions in the spaces provided. Do not write 19
outside the box around each page or on blank pages. 20
• If you need extra space for your answer(s), use the lined pages at the end of
21
this book. Write the question number against your answer(s).
• Do all rough work in this answer book. Cross through any work you do not 22
want to be marked. 23
24
Information
25
• The marks for questions are shown in brackets.
• The maximum mark for this paper is 100. TOTAL
*jun227132101*
IB/G/Jun22/E11 7132/1
, 2
Do not write
outside the
Section A box
Answer all questions in this section.
Only one answer per question is allowed.
For each 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 The managers of a business propose to retain all of its profit to finance automation of
its production. This is most likely to cause conflict with:
[1 mark]
A employees and lenders.
B employees and shareholders.
C lenders and suppliers.
D shareholders and suppliers.
0 2 A business is able to reduce unit costs because of lessons learned throughout the
period in which it has existed. This is known as:
[1 mark]
A economies of scale.
B economies of scope.
C synergy.
D the experience curve.
*02*
IB/G/Jun22/7132/1
, 3
Do not write
outside the
0 3 In a decision tree the net gain of a decision is the: box
[1 mark]
A average pay-off of the outcomes.
B expected value of the best decision minus the expected value of
the next best decision.
C expected value minus the initial cost.
D total pay-off of the outcomes minus the initial cost.
0 4 Which one of these changes is most likely to lead to higher costs and higher demand
for a product?
[1 mark]
A An increase in the rate of inflation
B A rise in interest rates
C Introducing fair trade principles
D More competition
Turn over for the next question
Turn over ►
*03*
IB/G/Jun22/7132/1
