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GCE JUN 2006 : (AS 2) People in Organisations and Accounting and Finance

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ADVANCED SUBSIDIARY (AS) General Certificate of Education 2006 Business Studies assessing Module 2: People in Organisations, and Accounting and Finance AST21 Assessment Unit AS 2 [AST21] THURSDAY 22 JUNE, AFTERNOON TIME 1 hour. INSTRUCTIONS TO CANDIDATES Write your Centre Number and Candidate Number on the Answer Booklet provided. Answer both questions. INFORMATION FOR CANDIDATES The total mark for this paper is 50. You will be assessed on the quality of written communication demonstrated in your response to all questions except 2(a)(ii) and (iii). Figures in brackets printed down the right-hand side of pages indicate the marks awarded to each question or part question. ADVICE TO CANDIDATES You are advised to take account of the marks for each part question in allocating the available examination time. AST2S6R 2352.05 1 Study the information below and answer the questions that follow. Leadership and Industrial Relations Deirdre Walsh has just been promoted to Head of New Product Development at Opid plc, a multinational business specialising in the design and production of MP3 players. She will now have to manage forty workers, mostly male, grouped into different project teams. Each team is responsible for developing a new product. Workers are generally very experienced and highly skilled. Deirdre will operate in a high pressure environment where important new product decisions may have to be made quickly. In spite of this, it is essential that she makes good decisions wrong decisions tend to be very costly for the business. Deirdre was appointed to replace Tim Jones, who left after a year with the company to take up a position abroad. Tim was not popular with many of the workforce. Although his autocratic style of leadership was successful in terms of the number of new products developed, it sometimes caused other problems. On one occasion the Labour Relations Agency became involved in a dispute concerning management/employee relations. Deirdre is relatively young, has a very friendly personality and until now has not given much thought to her leadership style. However, Deirdre has been advised by one of the company directors that she needs to stamp her authority early and take no nonsense if she wants to achieve results. Another colleague has advised her that a democratic style might work better. (a) Explain how the Labour Relations Agency in Northern Ireland helps businesses such as Opid plc. [10] (b) Discuss whether Deirdre should take her colleague s advice and adopt a democratic leadership style. [15] AST2S6R 2352.05 2 2 Study the information below and answer the questions that follow. Cash Flow Forecasting and Sources of Finance Gordon Oliver is a sole trader and has been operating a restaurant, Troughs, for the last three years. Gordon has just completed expanding his dining area and is now keen to buy new equipment for his kitchen so that he can cope with an expected increase in trade. He has drawn up a cash flow forecast for the next six months. This is shown in Table 1 below. Some of the figures have been left out. Table 1 July August September October November December Receipts Sales 14,000 14,000 11,000 11,000 16,000 20,000 Total Receipts 14,000 14,000 11,000 11,000 16,000 20,000 Purchases of ingredients 4,800 4,800 3,000 3,400 4,500 5,400 Wages 5,800 5,800 5,800 5,800 5,800 5,800 Payments Electricity 500 0 Other expenses Purchase of kitchen equipment Total Payments 300 300 0 0 26,000 11,400 10,900 35,000 Net monthly cashflow 2,600 3,100 24,000 ? Opening Balance 2,500 5,100 ? Closing Balance 5,100 ? 15,800 0 200 500 200 0 0 0 300 400 0 0 10,600 11,600 5,400 8,400 15,800 14,700 9,300 14,700 9,300 ? 9,900 Gordon is considering ways of financing the new kitchen equipment. Possible options include taking out a bank loan, leasing the equipment or allowing his friend, Paul, to join the business as a partner. (a) (i) Explain why it is important for Gordon to prepare a cash flow forecast for Troughs. [4] (ii) Calculate the missing figures for August, September, October and December as indicated in Table 1 above. You are not required to copy out Table 1. [4] (iii) Recalculate the closing balance in December if the kitchen equipment cost 25,000 instead of 26,000. [2] (b) Discuss the three options for financing the new kitchen equipment mentioned and advise Gordon which method is most appropriate in this situation. [15] AST2S6R 2352.05 3 SP (NF) T24924/2

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Additional Info : Gce Business Studies June 2006 Assessment Unit AS 2 Module 2: People in Organisations and Accounting and Finance
Tags : General Certificate of Education, A Level and AS Level, uk, council for the curriculum examinations and assessment, gce exam papers, gce a level and as level exam papers , gce past questions and answer, gce past question papers, ccea gce past papers, gce ccea past papers

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