ACE YOUR 2026/2027 BUSINESS 7132/1 PAPER 1 BUSINESS EXAM: COMPLETE STUDY GUIDE
WITH AQA PAST PAPER EXAM QUESTIONS AND ANSWERS RATED A+
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
Tuesday 14 May 2024 Morning Time allowed: 2 hours
, 2
Do not write
outside the
box
Materials
For this paper you must have: For Examiner’s Use
• a calculator.
Question Mark
Instructions
• Use black ink or black ball-point pen. Section A
• Fill in the boxes at the top of this page.
• Answer all questions in Section A and Section B. 16
• Answer one question from Section C and one question from Section D.
• You must answer the questions in the spaces provided. Do not write outside the 17
box around each page or on blank pages.
18
• If you need extra space for your answer(s), use the lined pages at the end of
this book. Write the question number against your answer(s). 19
• Do all rough work in this answer book. Cross through any work you do not want
to be marked. 20
21
Information
• The marks for questions are shown in brackets. 22
• The maximum mark for this paper is 100.
23
24
TOTAL
*JUN247132101* IB/G/June24/G4004/E5 7132/1
Section A
Answer all questions in this section.
IB/G/Jun24/7132/1
, 3
Do not write
outside the
box
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 In which of these business forms could the owner/owners be required to sell personal
assets to pay for business liabilities?
[1 mark]
A Private limited companies and public limited companies
B Private limited companies and sole traders
C Public limited companies only
D Sole traders only
0 2 Statement 1: ‘Cheaper resources overseas would discourage a UK business which has a
low-cost positioning strategy from re-shoring production.’
Statement 2: ‘Political instability overseas would discourage a UK business from re-
shoring production.’
Read statements 1 and 2 and select the correct option from the following:
[1 mark]
Turn over ►
IB/G/Jun24/7132/1
, 4
Do not write
outside the
box
A Statement 1 is true. Statement 2 is true.
B Statement 1 is true. Statement 2 is false.
C Statement 1 is false. Statement 2 is true.
D Statement 1 is false. Statement 2 is false.
*02*
IB/G/Jun24/7132/1
WITH AQA PAST PAPER EXAM QUESTIONS AND ANSWERS RATED A+
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
Tuesday 14 May 2024 Morning Time allowed: 2 hours
, 2
Do not write
outside the
box
Materials
For this paper you must have: For Examiner’s Use
• a calculator.
Question Mark
Instructions
• Use black ink or black ball-point pen. Section A
• Fill in the boxes at the top of this page.
• Answer all questions in Section A and Section B. 16
• Answer one question from Section C and one question from Section D.
• You must answer the questions in the spaces provided. Do not write outside the 17
box around each page or on blank pages.
18
• If you need extra space for your answer(s), use the lined pages at the end of
this book. Write the question number against your answer(s). 19
• Do all rough work in this answer book. Cross through any work you do not want
to be marked. 20
21
Information
• The marks for questions are shown in brackets. 22
• The maximum mark for this paper is 100.
23
24
TOTAL
*JUN247132101* IB/G/June24/G4004/E5 7132/1
Section A
Answer all questions in this section.
IB/G/Jun24/7132/1
, 3
Do not write
outside the
box
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 In which of these business forms could the owner/owners be required to sell personal
assets to pay for business liabilities?
[1 mark]
A Private limited companies and public limited companies
B Private limited companies and sole traders
C Public limited companies only
D Sole traders only
0 2 Statement 1: ‘Cheaper resources overseas would discourage a UK business which has a
low-cost positioning strategy from re-shoring production.’
Statement 2: ‘Political instability overseas would discourage a UK business from re-
shoring production.’
Read statements 1 and 2 and select the correct option from the following:
[1 mark]
Turn over ►
IB/G/Jun24/7132/1
, 4
Do not write
outside the
box
A Statement 1 is true. Statement 2 is true.
B Statement 1 is true. Statement 2 is false.
C Statement 1 is false. Statement 2 is true.
D Statement 1 is false. Statement 2 is false.
*02*
IB/G/Jun24/7132/1
