Exam for Sameer

Paper 1: Business Activity, Objectives and Organization

Time: 1 hour 30 minutes

Total marks: 53

Instructions:

 Answer all questions in the spaces provided.

 Show your working where necessary.
 Use a black or blue pen.

Questions:

1. What are goods and services? Give one example of each. (2 marks)

2. What are producer goods and consumer goods? Give one example of each.
(2 marks)

3. What are stakeholders? Name four types of stakeholders and explain how
they are affected by a business. (4 marks)

4. What are business objectives? Why are they important for a business? (2
marks)

5. Name and explain three types of business objectives. (3 marks)

6. What is a sole trader? What are the advantages and disadvantages of being a
sole trader? (4 marks)

7. What is a partnership? What are the advantages and disadvantages of being

a partnership? (4 marks)

8. What is a social enterprise? What are the advantages and disadvantages of

being a social enterprise? (4 marks)

9. What is a franchise? What are the advantages and disadvantages of being a

franchise? (4 marks)

10.What is a limited company? What are the advantages and disadvantages of

being a limited company? (4 marks)

11.What is a multinational company? What are the advantages and

disadvantages of being a multinational company? (4 marks)
 12.What is a public corporation? What are the advantages and disadvantages of
being a public corporation? (4 marks)

13.What is privatization? What are the advantages and disadvantages of

privatization? (4 marks)

14.What is the importance of multinationals for a business? (2 marks)

15.What are the benefits of a business becoming a multinational? (2 marks)

16.What is a formal organization structure? What are the advantages and

disadvantages of a formal organization structure? (4 marks)

Paper 2: Finance and Marketing

Time: 1 hour 30 minutes

Total marks: 50

Instructions:

 Answer all questions in the spaces provided.

 Show your working where necessary.
 Use a black or blue pen.

Questions:

1. What are sources of finance? Why are they important for a business? (2
marks)

2. What are internal and external sources of finance? Give one example of
each. (2 marks)

3. What are the advantages and disadvantages of retained profit as a source of

finance? (4 marks)

4. What are the advantages and disadvantages of bank loan as a source of

finance? (4 marks)

5. What are the advantages and disadvantages of mortgage as a source of

finance? (4 marks)

6. What are the advantages and disadvantages of selling assets as a source of

finance? (4 marks)
7. What are the advantages and disadvantages of trade credit as a source of
finance? (4 marks)

8. What are the advantages and disadvantages of venture capital as a source of

finance? (4 marks)

9. What are the advantages and disadvantages of crowdfunding as a source of

finance? (4 marks)

10.What are the advantages and disadvantages of share capital as a source of

finance? (4 marks)

11.What is the importance of marketing for a business? (2 marks)

12.What are market orientation and product orientation? What are the
advantages and disadvantages of each orientation? (4 marks)

13.What are mass market and niche market? What are the advantages and
disadvantages of each market? (4 marks)

14.What is market segmentation? Why is it important for a business? (2 marks)

15.What are the types of market segmentation? Give one example of each type.
(2 marks)