100% satisfaction guarantee Immediately available after payment Both online and in PDF No strings attached
logo-home
Previously searched by you
Previously searched by you
logo
OCR MERGED QUESTION PAPER AND MARK SCHEME AS Level BusinessH031/02 The wider business environment FOR MAY 2024 $11.99   Add to cart
Quickly navigate to
Preview
  2.  
  3. ABA - Accredited Business Accountant/Advisor
  4.  
  5. ABA - Accredited Business Accountant/Advisor

Exam (elaborations)

OCR MERGED QUESTION PAPER AND MARK SCHEME AS Level BusinessH031/02 The wider business environment FOR MAY 2024
 0 view  0 purchase
  • Course
  • ABA - Accredited Business Accountant/Advisor
  • Institution
  • ABA - Accredited Business Accountant/Advisor

OCR MERGED QUESTION PAPER AND MARK SCHEME AS Level BusinessH031/02 The wider business environment FOR MAY 2024

Preview 4 out of 33  pages

Document information

  • October 31, 2024
  • 33
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers

Subjects

  • ocr merged question paper and mark scheme as level

Written for

  • ABA - Accredited Business Accountant/Advisor
  • ABA - Accredited Business Accountant/Advisor

Seller

avatar-seller
williesmaish2999

Reviews received

Content preview

Friday 24 May 2024 – Afternoon
AS Level Business
H031/02 The wider business environment
Time allowed: 1 hour 30 minutes




.




Turn over

, 2
Section A

1 Explain what is meant by a ‘kanban’ stock control system.

..........................................................................................................................................................

..........................................................................................................................................................

..........................................................................................................................................................

..................................................................................................................................................... [2]


2
(a) Explain one advantage to a business of good employer/employee relations.

..........................................................................................................................................................

..........................................................................................................................................................

..........................................................................................................................................................

..........................................................................................................................................................

..................................................................................................................................................... [2]

(b) Explain one disadvantage to a business of poor employer/employee relations.

..........................................................................................................................................................

..........................................................................................................................................................

..........................................................................................................................................................

..........................................................................................................................................................

..................................................................................................................................................... [2]




© OCR 2024

, 3
3 Some budgeting data for a business is shown below.

Budgeted Actual

Revenue £31 000 £30 000

Cost of sales £19 500 £20 000

Gross profit £11 500


Calculate the gross profit variance, stating whether the variance is adverse or favourable.

..........................................................................................................................................................

..........................................................................................................................................................

..........................................................................................................................................................

..........................................................................................................................................................

..........................................................................................................................................................

..........................................................................................................................................................

Answer .......................................................... [3]


4 Explain one way national government policies could affect an estate agent selling houses.

..........................................................................................................................................................

..........................................................................................................................................................

..........................................................................................................................................................

..................................................................................................................................................... [2]


5 A tomato farmer has monthly fixed costs of £500. The monthly break-even level of output for the
farm is 2000 kg of tomatoes, at a selling price of £0.60 per kg.

Calculate how many kilograms of tomatoes the farmer needs to sell to achieve a monthly profit of
£3000.

..........................................................................................................................................................

..........................................................................................................................................................

..........................................................................................................................................................

..........................................................................................................................................................

..........................................................................................................................................................

..........................................................................................................................................................

Answer .......................................................... [3]
© OCR 2024 Turn over

, 4
6 Explain one difference between the law and ethics.

..........................................................................................................................................................

..........................................................................................................................................................

..........................................................................................................................................................

..................................................................................................................................................... [2]


7 Explain one way a restaurant might use benchmarking.

..........................................................................................................................................................

..........................................................................................................................................................

..........................................................................................................................................................

..................................................................................................................................................... [2]


8 An extract from a company’s organisational model is shown below.

Managing
Director


Marketing Human Operations
Resources Director
Director
Director

Factory Facilities
Manager Manager


Shift A Shift B Shift C Facilities
Supervisor Supervisor Supervisor Supervisor


(a) Identify how this hierarchy is organised.

..................................................................................................................................................... [1]

(b) Identify the Operations Director’s span of control.

..................................................................................................................................................... [1]




© OCR 2024

The benefits of buying summaries with Stuvia:

Guaranteed quality through customer reviews

Guaranteed quality through customer reviews

Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.

Quick and easy check-out

Quick and easy check-out

You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.

Focus on what matters

Focus on what matters

Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!

Frequently asked questions

What do I get when I buy this document?

You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.

Satisfaction guarantee: how does it work?

Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.

Who am I buying these notes from?

Stuvia is a marketplace, so you are not buying this document from us, but from seller williesmaish2999. Stuvia facilitates payment to the seller.

Will I be stuck with a subscription?

No, you only buy these notes for $11.99. You're not tied to anything after your purchase.

Can Stuvia be trusted?

4.6 stars on Google & Trustpilot (+1000 reviews)

82215 documents were sold in the last 30 days

Founded in 2010, the go-to place to buy study notes for 14 years now

Start selling
$11.99
  • (0)
  Add to cart