ACE YOUR 2026/2027 BUSINESS 7131/1 PAPER 1 BUSINESS 1 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.
AS BUSINESS
Paper 1 Business 1
Friday 17 May 2024 Morning Time allowed: 1 hour 30 minutes
For Examiner’s Use
Question Mark
Section A
11
12
13
14
15
16.1
16.2
17.1
, 2
Do not write
outside the
box
Materials 17.2
For this paper you must have:
• a calculator. TOTAL
Instructions
• Use black ink or black ball-point pen.
• Fill in the box at the top of this page.
• Answer all questions.
• You must answer the questions in the spaces provided. Do not write outside the box around each
page or on blank pages.
• 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).
• Do all rough work in this answer book. Cross through any work you do not want to be marked.
Information
• The marks for questions are shown in brackets.
• The maximum mark for this paper is 80.
*Jun247131101* IB/G/Jun24/G4001/E9 7131/1
Section A
Answer all questions in this section.
IB/G/Jun24/7131/1
, 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 Statement 1: ‘Profit is important because it can measure success.’
Statement 2: ‘Profit is important because it can reward shareholders.’
Read statements 1 and 2 and select the correct option from the following:
[1 mark]
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.
0 2 Which one of these factors is not a feature of lean production?
[1 mark]
Turn over ►
IB/G/Jun24/7131/1
, 4
Do not write
outside the
box
A Frequent deliveries from suppliers
B Long lead times
C Low inventory levels
D Right first time quality
*02*
IB/G/Jun24/7131/1
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.
AS BUSINESS
Paper 1 Business 1
Friday 17 May 2024 Morning Time allowed: 1 hour 30 minutes
For Examiner’s Use
Question Mark
Section A
11
12
13
14
15
16.1
16.2
17.1
, 2
Do not write
outside the
box
Materials 17.2
For this paper you must have:
• a calculator. TOTAL
Instructions
• Use black ink or black ball-point pen.
• Fill in the box at the top of this page.
• Answer all questions.
• You must answer the questions in the spaces provided. Do not write outside the box around each
page or on blank pages.
• 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).
• Do all rough work in this answer book. Cross through any work you do not want to be marked.
Information
• The marks for questions are shown in brackets.
• The maximum mark for this paper is 80.
*Jun247131101* IB/G/Jun24/G4001/E9 7131/1
Section A
Answer all questions in this section.
IB/G/Jun24/7131/1
, 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 Statement 1: ‘Profit is important because it can measure success.’
Statement 2: ‘Profit is important because it can reward shareholders.’
Read statements 1 and 2 and select the correct option from the following:
[1 mark]
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.
0 2 Which one of these factors is not a feature of lean production?
[1 mark]
Turn over ►
IB/G/Jun24/7131/1
, 4
Do not write
outside the
box
A Frequent deliveries from suppliers
B Long lead times
C Low inventory levels
D Right first time quality
*02*
IB/G/Jun24/7131/1
