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This document consists of exam instructions and questions for a Business Studies exam. It contains: - Instructions for the exam on the front cover of the answer booklet. - Section A (Short Answers) with 4 multiple choice questions. - Section B (Essay) with 2 essay questions to choose from. - Blank pages to write answers. - A permission notice for copyrighted material.
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![This document consists of 2 printed pages, 2 blank pages and 1 insert.
DC (RW) 82793/1
© UCLES 2014 [Turn over
Cambridge International Examinations
Cambridge International Advanced Subsidiary and Advanced Level
*5347397584*
BUSINESS STUDIES 9707/12
Paper 1 Short Answer and Essay October/November 2014
1 hour 15 minutes
No Additional Materials are required.
READ THESE INSTRUCTIONS FIRST
An answer booklet is provided inside this question paper.You should follow the instructions on the front cover
of the answer booklet. If you need additional answer paper ask the invigilator for a continuation booklet.
Section A
Answer all questions.
Section B
Answer one question.
You are advised to spend no more than 35 minutes on Section A.
The number of marks is given in brackets [ ] at the end of each question or part question.](https://image.slidesharecdn.com/9707w14qp12-150521052307-lva1-app6891/85/9707-w14-qp_12-1-320.jpg)
![2
9707/12/O/N/14© UCLES 2014
Section A (Short Answers)
Answer all questions.
1 (a) Define the term ‘retained profit’. [2]
(b) Briefly explain the difference between financial accounting and management accounting. [3]
2 (a) Define the term ‘diseconomies of scale’. [2]
(b) Briefly explain two reasons why a business could experience diseconomies of scale. [3]
3 Explain why many businesses have corporate responsibility as an objective. [5]
4 (a) Define the term ‘workforce planning’. [2]
(b) Briefly explain two benefits to a business of effective workforce planning. [3]
Section B (Essay)
Answer one question only.
5 (a) Explain the interrelationships that exist between marketing and other departments within a
business. [8]
(b) Discuss the advantages and disadvantages of niche marketing for a small manufacturer of
fashion clothing. [12]
6 Discuss the usefulness of profitability ratios and liquidity ratios for senior managers when analysing
the performance of their business and their competitors. [20]
7 (a) Explain the aims of a ‘social enterprise’ organisation. [8]
(b) Discuss the importance of ‘business enterprise’ in your country. [12]](data:image/gif;base64,R0lGODlhAQABAIAAAAAAAP///yH5BAEAAAAALAAAAAABAAEAAAIBRAA7)
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9707 s14 ms_23
The document provides a mark scheme for an exam on Business Studies. It outlines the requirements for different exam questions and provides sample answers for each question. For question 1(a), it describes what students need to include in their explanations of portfolio analysis and inventories. For question 1(b), it lists the financial ratios and other factors students should analyze regarding the impact of business expansion on forecast liquidity. For the other questions, it similarly outlines the key points students should cover to receive marks for their responses.
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9707 w14 qp_11
This document consists of exam materials for a Cambridge International Examinations business studies exam, including:
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9707 w14 qp_13
This document consists of exam instructions and questions for a Business Studies exam. It contains:
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9707 s14 qp_12
This document consists of instructions and questions for a Business Studies exam. It is divided into two sections:
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This document consists of an exam for the General Certificate of Education Advanced Subsidiary Level and Advanced Level in Business Studies. Section A contains 4 short answer questions about public sector objectives, features of public limited companies, accounting ratios, and measures of central tendency. Section B requires answering one long essay question about factors for manpower planning in hotels, improving worker motivation, sources of business finance, or determinants of consumer demand. Students are instructed to write concisely and legibly for grading.
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This document is an exam for a Cambridge International Examination in Business Studies. It contains 7 questions testing various business concepts. Section A contains 4 short answer questions testing objectives, quality control, stakeholder use of financial statements, and working capital. Section B requires answering one long essay question that could cover topics like the effect of political/legal constraints on business, how objectives are affected by ethics, qualities of effective leaders, or how promotional activities change over a product life cycle. Students are advised to spend 35 minutes on section A and have 1 hour 15 minutes total for the exam.
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This document consists of an exam for a business studies course. It contains 7 questions across two sections. Section A contains 4 short answer questions about topics like span of control, liquidity, lean production, and variable costs. Section B requires answering one long essay question, which could be about how business objectives change with growth, importance of human resource planning, or influence of government intervention on businesses.
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This document is an exam for a Business Studies course assessing knowledge of business concepts. Section A contains 4 short answer questions about levels of economic activity, benefits of businesses to a country, added value, and functions of trades unions. Section B requires answering one long essay question choosing from topics on leadership styles, pricing strategies, or stock management. The exam is 1 hour and 15 minutes with the first 35 minutes allocated to Section A.
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This document is an exam paper for a Business Studies exam. It contains two sections:
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This document is an exam for the Cambridge International A Level in Business Studies. It contains two sections. Section A contains 4 short answer questions about business topics such as distinguishing assets and liabilities, explaining depreciation of fixed assets, defining a product portfolio and the importance of the product life cycle, and discussing the importance of effective stock control. Section B contains 3 essay questions about market orientation in consumer goods, pricing strategies for new products, advantages and disadvantages of delegation, differences between batch and flow production methods, and techniques for deciding whether to change production methods.
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This document consists of an exam for a business studies course. It contains 7 questions testing various business concepts. Section A contains 4 short answer questions testing definitions of business terms like sole trader and price elasticity of demand. Section B requires answering one long essay question that could cover topics like leadership styles, macroeconomic policies, product life cycles, and their importance for business. The exam is administered by the University of Cambridge International Examinations and aims to test business knowledge over 1 hour and 15 minutes.
9707 w14 qp_23
This document consists of exam questions related to two fictional businesses - Classic Clothes and Fine Furniture. For Classic Clothes, the questions cover capital intensive production, analyzing financial statements, factors to consider for new equipment financing, and impacts of Just-in-Time manufacturing. For Fine Furniture, the questions address the secondary sector, leadership styles, calculating margin of safety for a new product line, strengths and weaknesses of family businesses, and potential human resource issues from cost-cutting plans. The document provides background information on each company and tables of financial data to reference in answering the exam questions.
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1. This document provides an overview of the AL Business Studies 9707 unit on strategic management. It discusses key concepts such as strategic analysis, choice, and implementation.
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The document is a mark scheme for a business studies exam that provides guidance to examiners on how to award marks to exam responses. It covers several questions related to business topics like marketing research methods, human resource management functions, types of business organizations, and issues related to business growth and financing. For each sub-question, it provides descriptions of responses that would earn different levels of marks, from limited to full marks. The mark scheme aims to ensure examiners apply standards consistently when evaluating answers.
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9707 w14 qp_12
- 1. This document consists of 2 printed pages, 2 blank pages and 1 insert. DC (RW) 82793/1 © UCLES 2014 [Turn over Cambridge International Examinations Cambridge International Advanced Subsidiary and Advanced Level *5347397584* BUSINESS STUDIES 9707/12 Paper 1 Short Answer and Essay October/November 2014 1 hour 15 minutes No Additional Materials are required. READ THESE INSTRUCTIONS FIRST An answer booklet is provided inside this question paper.You should follow the instructions on the front cover of the answer booklet. If you need additional answer paper ask the invigilator for a continuation booklet. Section A Answer all questions. Section B Answer one question. You are advised to spend no more than 35 minutes on Section A. The number of marks is given in brackets [ ] at the end of each question or part question.
- 2. 2 9707/12/O/N/14© UCLES 2014 Section A (Short Answers) Answer all questions. 1 (a) Define the term ‘retained profit’. [2] (b) Briefly explain the difference between financial accounting and management accounting. [3] 2 (a) Define the term ‘diseconomies of scale’. [2] (b) Briefly explain two reasons why a business could experience diseconomies of scale. [3] 3 Explain why many businesses have corporate responsibility as an objective. [5] 4 (a) Define the term ‘workforce planning’. [2] (b) Briefly explain two benefits to a business of effective workforce planning. [3] Section B (Essay) Answer one question only. 5 (a) Explain the interrelationships that exist between marketing and other departments within a business. [8] (b) Discuss the advantages and disadvantages of niche marketing for a small manufacturer of fashion clothing. [12] 6 Discuss the usefulness of profitability ratios and liquidity ratios for senior managers when analysing the performance of their business and their competitors. [20] 7 (a) Explain the aims of a ‘social enterprise’ organisation. [8] (b) Discuss the importance of ‘business enterprise’ in your country. [12]
- 4. 4 9707/12/O/N/14© UCLES 2014 Permission to reproduce items where third-party owned material protected by copyright is included has been sought and cleared where possible. Every reasonable effort has been made by the publisher (UCLES) to trace copyright holders, but if any items requiring clearance have unwittingly been included, the publisher will be pleased to make amends at the earliest possible opportunity. Cambridge International Examinations is part of the Cambridge Assessment Group. Cambridge Assessment is the brand name of University of Cambridge Local Examinations Syndicate (UCLES), which is itself a department of the University of Cambridge. BLANK PAGE