Business Enterprise Skills Paper 1 November 2020

1. AA retail counter where customers are served with small orders
2. BA repair workshop where damaged equipment is put back to use
3. CA design office where new product drawings are prepared
4. DA bonded warehouse holding imported goods before duty is paid

1. Arecruit and train the workers employed in the sales team.
2. Bstore goods safely until they are needed for sale or production.
3. Cdecide the prices at which finished goods will be sold.
4. Dcollect payment from the customers who have bought goods on credit.

1. Acreate and modify product designs on a computer before production.
2. Bcompare the prices quoted by different suppliers on an online portal.
3. Crecord the hours each employee has worked during the week.
4. Dsend invoices to customers over an electronic platform.

1. Amonitor the temperature of goods held in cold storage.
2. Bplan the route each delivery vehicle will follow in a day.
3. Csend invoices and receive payments through an electronic channel.
4. Ddesign the shape and the dimensions of a new product on the screen.

1. Aproducing the largest quantity the equipment is able to make.
2. Bplanning and controlling work so output meets customer requirements.
3. Cbuying the cheapest raw materials that are available on the local market.
4. Dinspecting finished goods and discarding those found faulty.

1. Aremoves the risk that a supplier will deliver goods late.
2. Braises the volume of inventory the enterprise has to store.
3. Clets buyers compare suppliers quickly and order at lower cost.
4. Dsets the wage rates that are paid to the workers in the buying office.

1. Akeeps perishable cargo fresh for longer than refrigerated road haulage.
2. Bcarries heavy bulky cargo over long distances at low cost per tonne.
3. Cdelivers urgent consignments faster than any other mode.
4. Dreaches inland customers without the need for another mode.

Answer this when you sit the paper.

1. Alends the enterprise the capital it needs to buy equipment.
2. Bworks inside the enterprise, as an owner, manager or employee.
3. Csupplies the enterprise with its raw materials each month.
4. Dlives in the community that surrounds the enterprise's own site.

1. AThe layout of machines on the factory floor
2. BThe pay structure agreed with the enterprise's workforce
3. CThe stock control system used in the stores
4. DThe rate of inflation in the national economy

1. AA fall in the productivity of the enterprise's workforce
2. BAn increase in the duty charged on the enterprise's imports
3. CA change in customer needs that no existing firm is serving
4. DA rise in the rent charged on the enterprise's own premises

1. Ashortens the working life of the equipment used on the factory floor.
2. Bincreases the volume of waste the enterprise sends to landfill.
3. Csecures the supply of materials the enterprise will need in future.
4. Draises the quantity of raw material used in each unit produced.

1. Areplants trees at the rate at which mature ones are felled.
2. Bfells the largest trees first so that output rises each year.
3. Cburns the offcuts and sawdust left after each day's cutting.
4. Dclears a new stand of trees whenever prices in the market rise.

1. Athe quantity of a good that producers offer for sale at a given price.
2. Bthe total quantity of a good held in warehouses in the country.
3. Cthe amount of a good a household would like to own one day.
4. Dthe quantity of a good buyers are willing and able to buy at a price.

1. Athe quantity of a good a country brings in from abroad.
2. Bthe quantity of a good still unsold at the end of a season.
3. Cthe quantity of a good producers are willing to sell at a price.
4. Dthe quantity of a good that buyers are able to purchase at a price.

1. Aextends to buyers on every continent of the world.
2. Bexists only on the internet and has no physical location.
3. Ccovers the member states of a bloc such as SADC or COMESA.
4. Dis confined to the buyers living in one town or growth point.

1. Agoods are sold in many countries and face worldwide competition.
2. Bgoods are sold within one country under a single set of trade rules.
3. Cbuyers and sellers meet in person at a single trading place.
4. Dprices are fixed by the government of the exporting country.

1. Afixes the price customers will be prepared to pay for the good.
2. Bremoves the risk that a competitor will enter the same market.
3. Csettles the wages the enterprise must pay its production staff.
4. Dguides how much to produce and stock in the period ahead.

1. Awin a share of the market quickly by attracting first time buyers.
2. Bposition the soap as a luxury product aimed at high income buyers.
3. Craise the profit earned on each bar sold in the first month.
4. Dreduce the quantity of soap the enterprise needs to produce.

1. Athe fuel used in delivering each customer order.
2. Bthe annual rent paid on the workshop premises.
3. Cthe timber used in making each cabinet sold.
4. Dthe varnish applied to each finished cabinet.

1. Athe insurance premium covering the workshop building.
2. Bthe licence fee paid each year to the local authority.
3. Cthe timber consumed in building each cabinet sold.
4. Dthe salary paid monthly to the workshop supervisor.

1. AA haulage company that moves goods between the cities
2. BA revenue authority that assesses and collects taxes
3. CA standards association that tests and certifies products
4. DA commercial bank that takes deposits and lends to firms

1. A$50
2. B$100
3. C$150
4. D$200

1. A100 chairs
2. B200 chairs
3. C300 chairs
4. D400 chairs

1. Aextend the credit period granted to every customer each year.
2. Bconvert the enterprise's cash into non-current assets at once.
3. Corder raw materials in the largest quantities the store will hold.
4. Dcollect debts promptly and keep inventory at a sensible level.

1. APlanning the work of the department for the period ahead
2. BAuditing the annual accounts before they are published
3. CSetting the rate of company tax charged on the profits
4. DApproving the trading licence that is issued to the enterprise

1. Athe enterprise is excused from paying overtime rates.
2. Bthe enterprise can stop checking the quality of its output.
3. Cthe wage bill of the enterprise falls sharply each month.
4. Doutput per worker rises and fewer working days are lost.

1. Agrowth.
2. Bsurvival.
3. Cliquidation.
4. Ddiversification.

1. AAn improvement in the skills of the enterprise's workforce
2. BA fall in demand that leaves the enterprise with unsold stock
3. CA rise in the number of customers ordering from the enterprise
4. DA fall in the price the enterprise pays for its raw materials

1. Araise output per worker but require heavy capital spending.
2. Bremove the enterprise's obligation to meet safety standards.
3. Cguarantee that the cement will sell at a higher market price.
4. Dreduce the amount of limestone needed to nothing at all.

1. AA local authority running the town's water supply
2. BA government ministry administering the schools
3. CA state owned power utility generating the country's electricity
4. DA family owned retail shop trading in the high street

1. AA public limited company listed on the exchange
2. BA state owned corporation set up by statute
3. CA partnership formed by three motor mechanics
4. DA private limited company owned by a family

1. Aa requirement that they publish audited annual accounts.
2. Ba revolving loan fund offering credit at concessionary rates.
3. Ca duty charged on the equipment that they bring into the country.
4. Da levy collected on every sale made through a mobile wallet.

1. Aloses at most the amount already paid for the shares held.
2. Bmust settle the company's remaining debts from personal assets.
3. Cis entitled to recover the full amount originally invested.
4. Dbecomes responsible for the debts owed by the other members.

1. Aadminister the collection of duty at the border posts.
2. Bcreate employment and generate tax revenue for the state.
3. Cset the exchange rate at which the local currency trades.
4. Ddecide the level of the country's minimum lending rate.

1. Aadd value locally instead of exporting raw materials unprocessed.
2. Bimport every finished good that the households in the country buy.
3. Chold their profits in foreign accounts outside the country.
4. Demploy expatriate staff in place of skilled local workers.