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BUSINESS year 10 SCSS mid term 1 2022.pdf
- 1. 1 PLEASE ENSURE YOU ARE SITTING FOR THE RIGHT EXAMINATION. STUDENT’S NAME ADM NO. STREAM DATE YEAR 10 MID OF TERM ONE EXAMINATION ACADEMIC YEAR 2022/2023. BUSINESS - TIME: 1.30 HOURS. INSTRUCTIONS. Fill in the boxes at the top of this page with your name, Admission number and stream. Answer all questions. Read the questions carefully to make sure you know What you are being asked to do. Underline or highlight any key words to help focus your answer. Remember that TALKING IS NOT ALLOWED at any time in the exam room. All your answers should be WRITTEN WITH A PEN Keep your eyes on your own paper, remember copying is CHEATING. INFORMATION. The total marks for this paper are 80 MARKS. The marks for each question are shown in brackets. STUDENT MARKS (%) QN MARKS TOTAL
- 2. 2 i) Hairdressers are normally paid by the number of hours they work. (1) This is a A. Wages B. Bonus C. Commission D. Promotion ii) Training provided by a college is known as (1) A. On-the –job B. Induction C. In- house D. Off-the job
- 3. 3 (1) Iv) Azeem is an entrepreneur. Define the term entrepreneur (1) ……………………………………………………………………………………………………… ……………………………………………………………………………………………………… ………………………………………………………………………………. (1) 2 a) Define the term Stakeholder (1 ) ……………………………………………………………………………………………………… ……………………………………………………………………………………………………… ………………………………………………………………………………. b) Explain three possible stakeholders for Designer cuts. Giving reasons for each (6) ……………………………………………………………………………………………………… ………………………………………………………………………………………………..
- 4. 4 ……………………………………………………………………………………………………… ……………………………………………………………………………………………………… ……………………………………………………………………………………………………… ……………………………………………………………………………………………………… ……………………………………………………………………………………………….. ……………………………………………………………………………………………………… ……………………………………………………………………………………………….. c) State four characteristics of a good entrepreneur that Azeem should have for his business to grow. (4) ……………………………………………………………………………………………………… ……………………………………………………… ……………………………………………………………………………………………………… ……………………………………………………………………………………………………… 3. Azeem started Designer Cuts as a sole trader. Define the term sole trader (1) ……………………………………………………………………………………………………… ……………………………………………………………………………………………….. b) Explain two benefits of operating a business as a sole trader. (4) ……………………………………………………………………………………………………… ………………………………………………………………………………………………..
- 5. 5 ……………………………………………………………………………………………………… ……………………………………………………………………………………………….. ……………………………………………………………………………………………………… ……………………………………………………………………………………………….. 4. Azeem is considering expanding his business by opening a new branch in a neighbouring town. However, Azeem does not have enough money to cater for the expansion. He is considering two options on where to get money. Option 1: Borrowing from friends Option 2: Taking on a new partner to invest money in to the business Justify which option Azeem should choose. Use the information given as well as your own knowledge in business. (9) ……………………………………………………………………………………………………… ……………………………………………………………………………………………….. ……………………………………………………………………………………………………… ……………………………………………………………………………………………….. ……………………………………………………………………………………………………… ……………………………………………………………………………………………….. ……………………………………………………………………………………………………… ………………………………………………………………………………………………..
- 6. 6 …………………………………………………………………………………………….............. ............................................................................................................................................ ............................................................................................................................................ ............................................................................................................................................ ............................................................................................................................................ ........................................................................................................................................ 5. It is important for Azeem to set objectives for his business. Explain two financial and two non-financial objectives that Azeem might have. (4) ……………………………………………………………………………………………………… ……………………………………………………………………………………………….. ……………………………………………………………………………………………………… ……………………………………………………………………………………………….. ……………………………………………………………………………………………………… ……………………………………………………………………………………………….. ……………………………………………………………………………………………………… ……………………………………………………………………………………………….. ……………………………………………………………………………………………………… ……………………………………………………………………………………………….. ……………………………………………………………………………………………………… ………………………………………………………………………………………………..
- 7. 7 b) Explain one reason why business objectives might change as a business grows. (2) ……………………………………………………………………………………………………… ……………………………………………………………………………………………….. 6. Azeem is considering forming a partnership. i) What is meant by the term partnership? (1) ……………………………………………………………………………………………………… ……………………………………………………………………………………………….. ii) Azeem has been told that if he takes on a new partner he needs to sign a deed of partnership. How would a deed of partnership benefit Azeem? (1) ……………………………………………………………………………………………………… ……………………………………………………………………………………………….. iii) State two things that are contained in a deed of partnership. (2) ……………………………………………………………………………………………………… ……………………………………………………………………………………………….. ……………………………………………………………………………………………………… iv)Explain two advantages of a partnership (2) ……………………………………………………………………………………………………… ………………………………………………………………………………………………..
- 8. 8 ……………………………………………………………………………………………………… ……………………………………………………………………………………………….. ……………………………………………………………………………………………………… ……………………………………………………………………………………………….. v) State three disadvantages of a partnership. (3) ……………………………………………………………………………………………………… ……………………………………………………………………………………………….. ……………………………………………………………………………………………………… ……………………………………………………………………………………………….. ……………………………………………………………………………………………………… ……………………………………………………………………………………………….. 7. When Designer Cuts opens a new branch, Azeem will need to recruit new employees. i) Define the tern recruitment (1) ……………………………………………………………………………………………………… ……………………………………………………………………………………………….. ii) State two documents used in the recruitment process. (2) ……………………………………………………………………………………………………… ……………………………………………………………………………………………….. iii) Explain the difference between internal and external recruitment. (2)
- 9. 9 ……………………………………………………………………………………………………… ……………………………………………………………………………………………….. ……………………………………………………………………………………………………… ……………………………………………………………………………………………….. iv) Explain one benefit of using external recruitment. (3) ……………………………………………………………………………………………………… ……………………………………………………………………………………………….. ……………………………………………………………………………………………………… ……………………………………………………………………………………………….. ……………………………………………………………………………………………………… ……………………………………………………………………………………………….. 8. Azeem communicates with many different people including his employees and suppliers. i) Discuss the importance of good communication to a business (5) ……………………………………………………………………………………………………… ……………………………………………………………………………………………….. ……………………………………………………………………………………………………… ……………………………………………………………………………………………….. ……………………………………………………………………………………………………… ………………………………………………………………………………………………..
- 10. 10 ……………………………………………………………………………………………………… ……………………………………………………………………………………………….. ……………………………………………………………………………………………………… ……………………………………………………………………………………………….. ii) Explain four barriers that affect communication. (4) ……………………………………………………………………………………………………… ……………………………………………………………………………………………….. ……………………………………………………………………………………………………… ……………………………………………………………………………………………….. ……………………………………………………………………………………………………… ……………………………………………………………………………………………….. iii) Explain the difference between horizontal and vertical communication. (2) ……………………………………………………………………………………………………… ……………………………………………………………………………………………….. ……………………………………………………………………………………………………… ……………………………………………………………………………………………….. ……………………………………………………………………………………………………… ………………………………………………………………………………………………..
- 11. 11 9. Designer cuts was not successful in operating the additional salon. Within the first year of business, Azeem had to close the salon, putting all the staff out of work. The business was left with many debts. Explain one benefit to an employer of motivating employees. (2) ……………………………………………………………………………………………………… ……………………………………………………………………………………………….. 10. Explain one benefit to a business for training its employees. (3) ……………………………………………………………………………………………………… ……………………………………………………………………………………………….. ……………………………………………………………………………………………………… ……………………………………………………………………………………………………… ……………………………………………………………………………………………………. 11. Explain the difference between on-the-job and off-the-job training. (2) ……………………………………………………………………………………………………… ……………………………………………………………………………………………….. 12. Azeem wants to train his employees. He is considering the following two options: Option 1: On- the job training Option 2: Off- the job training Justify which one of these two options Azeem should choose (9) ……………………………………………………………………………………………………… ………………………………………………………………………………………………..