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UK GCSE 2010 : Foundation Tier, Business Studies Paper 2

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Centre Number 71 Candidate Number General Certificate of Secondary Education Paper 2 Foundation Tier [G1202] G1202 Business Studies *G1202* 2010 TUESDAY 15 JUNE, MORNING TIME 2 hours. INSTRUCTIONS TO CANDIDATES Write your Centre Number and Candidate Number in the spaces provided at the top of this page. Write your answers in the spaces provided in this question paper. There should be enough space for your answers. If you do require more space, you may complete your answers on the extra lined pages at the back of this booklet. Answer all four questions. INFORMATION FOR CANDIDATES The total mark for this paper is 105, including a maximum of 5 marks for quality of written communication. Figures in brackets printed down the right-hand side of pages indicate the marks awarded to each question or part question. For Examiner s use only Question Number 1 2 3 4 QWC Total Marks 5533 Marks 1 Lotions and Potions is a chemist shop in Newry. Michael and Donna work there as fully-qualified pharmacists while Mary, Ella and Molly assist on the shop counters. (a) Molly works flexitime in Lotions and Potions. Explain the term flexitime . _________________________________________________________ _________________________________________________________ _________________________________________________________ _______________________________________________________ [2] (b) Describe one advantage to Molly of flexitime. _________________________________________________________ _________________________________________________________ _________________________________________________________ ______________________________________________________ [2] (c) Give details of one disadvantage of flexitime for the employer in Lotions and Potions. _________________________________________________________ _________________________________________________________ _________________________________________________________ ______________________________________________________ [2] 5533 2 Examiner Only Marks Remark (d) At the end of the year, the owner of Lotions and Potions gives all members of staff an extra payment as a reward for good service during the year. Tick the box which shows the name given to this extra income. Tick only one box. Examiner Only Marks Remark Commission Bonus Fringe Benefits [1] (e) Identify three qualities or skills required by the shop assistants in Lotions and Potions. 1. _______________________________________________________ 2. _______________________________________________________ 3. ____________________________________________________ [3] (f) Michael and Donna are sent regularly on training courses. Name the type of training being used in this case, and explain two reasons why it is appropriate for them. Type of training ___________________________________________ Reason 1 _________________________________________________ _________________________________________________________ _________________________________________________________ _________________________________________________________ Reason 2 _________________________________________________ _________________________________________________________ _________________________________________________________ ______________________________________________________ [5] 5533 3 [Turn over (g) Describe one factor which might affect Mary s job satisfaction. Examiner Only Marks _________________________________________________________ _________________________________________________________ _________________________________________________________ ______________________________________________________ [2] (h) The owner of Lotions and Potions is aware of legal controls which prevent discrimination at work. Explain two provisions of the Disability Discrimination Act. 1. _______________________________________________________ _________________________________________________________ _________________________________________________________ _________________________________________________________ 2. _______________________________________________________ _________________________________________________________ _________________________________________________________ ______________________________________________________ [4] 5533 4 Remark (i) Identify two stakeholders in Lotions and Potions other than the employees and the owner. State briefly what each of their interests might be in this business. Examiner Only Marks Remark 1. _______________________________________________________ _________________________________________________________ _________________________________________________________ _________________________________________________________ 2. _______________________________________________________ _________________________________________________________ _________________________________________________________ ______________________________________________________ [4] 5533 5 [Turn over 2 Adam owns and manages a small- to medium-sized business (SME) in Ballymena. His business, which is called The Mada Co Ltd, retails and fits carpets throughout Ireland. (a) Complete the following sentences about The Mada Co Ltd: Its form of business ownership is ___________________________ [1] The minimum number of owners it can have is ________________ [1] Its type of liability is _____________________________________ [1] (b) How many employees are likely to be employed in a SME? ______________________________________________________ [1] (c) SMEs are very important in the economy of Northern Ireland. Explain two reasons why this is so. 1. _______________________________________________________ _________________________________________________________ _________________________________________________________ _________________________________________________________ 2. _______________________________________________________ _________________________________________________________ _________________________________________________________ ______________________________________________________ [4] 5533 6 Examiner Only Marks Remark (d) The Mada Co Ltd is situated close to the Local Council offices. The two organisations have very different aims. Explain two differences in their aims. Examiner Only Marks Remark 1. _______________________________________________________ _________________________________________________________ _________________________________________________________ _________________________________________________________ 2. _______________________________________________________ _________________________________________________________ _________________________________________________________ ______________________________________________________ [4] (e) Give details of how any two of the aims of The Mada Co Ltd could be in conflict with each other. 1. _______________________________________________________ _________________________________________________________ _________________________________________________________ _________________________________________________________ 2. _______________________________________________________ _________________________________________________________ _________________________________________________________ ______________________________________________________ [4] 5533 7 [Turn over (f) The Mada Co Ltd sells carpets throughout Ireland. Advise Adam of the most suitable method of transport to use for delivery of the goods, explaining two reasons for your choice. Most suitable method of transport: _________________________________________________________ _________________________________________________________ Reason 1 _________________________________________________ _________________________________________________________ _________________________________________________________ _________________________________________________________ Reason 2 _________________________________________________ _________________________________________________________ _________________________________________________________ ______________________________________________________ [5] (g) The Mada Co Ltd has a large stock of one particular carpet which it is finding difficult to sell. Describe two strategies you would use to improve sales of this carpet. 1. _______________________________________________________ _________________________________________________________ _________________________________________________________ _________________________________________________________ 2. _______________________________________________________ _________________________________________________________ _________________________________________________________ ______________________________________________________ [4] 5533 8 Examiner Only Marks Remark 3 Examiner Only The Safety-Net Insurance Company has its main office in Portadown. Marks Remark (a) The Safety-Net Insurance Company is in tertiary production. Explain tertiary production . _________________________________________________________ _________________________________________________________ _________________________________________________________ ______________________________________________________ [2] (b) Give details of one trend in Northern Ireland which has affected tertiary production. _________________________________________________________ _________________________________________________________ _________________________________________________________ ______________________________________________________ [2] (c) Name two other types of business in tertiary production. 1. _______________________________________________________ 2. ____________________________________________________ [2] 5533 9 [Turn over (d) The Safety-Net Insurance Company is hoping to attain a recognised quality standard. Explain two likely benefits to the company of attaining a quality standard. 1. _______________________________________________________ _________________________________________________________ _________________________________________________________ _________________________________________________________ 2. _______________________________________________________ _________________________________________________________ _________________________________________________________ ______________________________________________________ [4] (e) Explain one likely benefit to the company s customers if The SafetyNet Insurance Company attains a quality standard. _________________________________________________________ _________________________________________________________ _________________________________________________________ ______________________________________________________ [2] 5533 10 Examiner Only Marks Remark (f) The Safety-Net Insurance Company has to move from its present premises. Advise the owners of three factors which it should consider when choosing a new location. Examiner Only Marks Remark 1. _______________________________________________________ _________________________________________________________ _________________________________________________________ _________________________________________________________ 2. _______________________________________________________ _________________________________________________________ _________________________________________________________ _________________________________________________________ 3. _______________________________________________________ _________________________________________________________ _________________________________________________________ ______________________________________________________ [6] (g) Name the law which ensures that any workplace is a safe place in which to work. ______________________________________________________ [1] 5533 11 [Turn over (h) Describe three responsibilities which the employers in the Safety-Net Insurance Company have for safety in its offices. 1. _______________________________________________________ _________________________________________________________ _________________________________________________________ _________________________________________________________ 2. _______________________________________________________ _________________________________________________________ _________________________________________________________ _________________________________________________________ 3. _______________________________________________________ _________________________________________________________ _________________________________________________________ ______________________________________________________ [6] 5533 12 Examiner Only Marks Remark 4 Examiner Only Brian Barlow has a small jewellery shop Sparklers in Dungannon. He makes some of the jewellery he sells. He does not own the premises. Marks Remark (a) Brian would like to obtain additional capital for his business using external sources. Advise Brian of two suitable external sources for Sparklers. 1. _______________________________________________________ _________________________________________________________ _________________________________________________________ _________________________________________________________ 2. _______________________________________________________ _________________________________________________________ _________________________________________________________ ______________________________________________________ [4] (b) Give details of two possible reasons why Brian wishes to put additional capital into Sparklers. 1. _______________________________________________________ _________________________________________________________ _________________________________________________________ _________________________________________________________ 2. _______________________________________________________ _________________________________________________________ _________________________________________________________ ______________________________________________________ [4] 5533 13 [Turn over (c) In the box below you are required to name two fixed and two variable costs which are likely to occur in Sparklers. Fixed Costs Variable Costs 1. 2. 1. 2. [4] (d) The Trading and Profit and Loss Account of Sparklers is shown below. Complete the three missing figures. Trading and Profit and Loss Account of Sparklers for the year ended 31 December 2009 Sales 29,000 Less: Opening Stock Add Purchases 7960 11000 Less Closing Stock 1400 Cost of Goods Sold Gross Profit 19400 Less Expenses 12400 Net Profit [3] (e) Using the above figures and the box below, show the formula you would use to calculate the Stock Turnover Rate for Sparklers for the year and work the calculation. [4] 5533 14 Examiner Only Marks Remark (f) Give details of two pieces of information the above calculation gives you about Sparklers. Examiner Only Marks Remark 1. _______________________________________________________ _________________________________________________________ _________________________________________________________ _________________________________________________________ 2. _______________________________________________________ _________________________________________________________ _________________________________________________________ ______________________________________________________ [4] (g) Explain one reason why it is important for Brian to maintain an adequate cash flow in Sparklers. _________________________________________________________ _________________________________________________________ _________________________________________________________ ______________________________________________________ [2] Quality of written communication 5533 15 [Turn over Extra page if required Examiner Only Marks ________________________________________________________________ ________________________________________________________________ ________________________________________________________________ ________________________________________________________________ ________________________________________________________________ ________________________________________________________________ ________________________________________________________________ ________________________________________________________________ ________________________________________________________________ ________________________________________________________________ ________________________________________________________________ ________________________________________________________________ ________________________________________________________________ ________________________________________________________________ ________________________________________________________________ ________________________________________________________________ ________________________________________________________________ ________________________________________________________________ ________________________________________________________________ ________________________________________________________________ ________________________________________________________________ ________________________________________________________________ ________________________________________________________________ ________________________________________________________________ 5533 16 Remark Extra page if required Examiner Only Marks ________________________________________________________________ ________________________________________________________________ ________________________________________________________________ ________________________________________________________________ ________________________________________________________________ ________________________________________________________________ ________________________________________________________________ ________________________________________________________________ ________________________________________________________________ ________________________________________________________________ ________________________________________________________________ ________________________________________________________________ ________________________________________________________________ ________________________________________________________________ ________________________________________________________________ ________________________________________________________________ ________________________________________________________________ ________________________________________________________________ ________________________________________________________________ ________________________________________________________________ ________________________________________________________________ ________________________________________________________________ ________________________________________________________________ ________________________________________________________________ 5533 17 Remark THIS IS THE END OF THE QUESTION PAPER 5533 18 5533

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