Business Enterprise Skills Paper 1 Specimen A 2026

1. Aphysical resources
2. Bfinancial resources
3. Chuman resources
4. Dintangible resources

1. Acontrolling the prices the enterprise charges customers
2. Bbeing paid promptly and receiving repeat orders
3. Creceiving a share of the enterprise's annual profits
4. Dhaving its own staff trained by the enterprise

1. Acompetitive environment
2. Bexternal environment
3. Cinternal environment
4. Dlegal environment

1. Ait transfers the cost of raw materials onto the government
2. Bit exempts the enterprise from paying tax on its raw materials
3. Cit keeps resources available for future production and cuts waste
4. Dit raises the price customers are willing to pay for every product

1. Atypes of business finance
2. Bbarriers to entering a new market
3. Csources of business opportunity
4. Dinternal weaknesses of a firm

1. Athe loss of paid employment pushing him into self-employment
2. Bthe wish to reduce the amount of tax paid by his household
3. Ca legal requirement that retrenched workers register a business
4. Dthe availability of a government grant given to every welder

1. Aissue the currency used for everyday transactions
2. Bcreate employment and add to national output
3. Cset the interest rates charged by commercial banks
4. Ddecide the level of taxation applied to businesses

1. Athe firm must publish its accounts in a national newspaper
2. Bthe firm has a legal identity separate from its owners
3. Cownership can be transferred freely by selling shares
4. Dthe partners have unlimited liability for the firm's debts

1. Athe company can offer its shares for sale to the general public
2. Bthe company pays no tax on the profit it makes
3. Cno formal documents are needed to set the company up
4. Dshareholders' liability is limited to the amount they invested

Answer this when you sit the paper.

1. Aan automatic increase in the rate of tax it must pay
2. Bdiseconomies of scale raising the cost of each unit produced
3. Ca fall in the total revenue it is able to earn from customers
4. Dthe loss of its separate legal identity as a company

Answer this when you sit the paper.

1. Aset the prices the enterprise will charge for its products
2. Bjudge whether the venture is viable enough to repay a loan
3. Ccheck that the owner has paid income tax in previous years
4. Dregister the enterprise with the companies registry office

1. Aa lower rate of interest on all its bank borrowing
2. Bexemption from the health and safety laws of the country
3. Can immediate fall in its total operating costs
4. Da stronger reputation and greater customer loyalty

Answer this when you sit the paper.

Answer this when you sit the paper.

Answer this when you sit the paper.

1. Aa loan received from a friend
2. Ba payment made to creditors
3. Cthe purchase of a delivery van
4. Dwages paid to employees

1. Aprinting the banknotes used in the country
2. Bcollecting income tax on behalf of employers
3. Caccepting deposits and lending to customers
4. Dsetting the national minimum wage for workers

1. Atighten stock control so less cash sits in the storeroom
2. Bbuy a larger delivery vehicle for the sales department
3. Cextend longer credit terms to every one of its customers
4. Dincrease the owner's drawings from the business account

1. Athe cost of the finance and how long it is needed for
2. Bthe number of workers the enterprise currently employs
3. Cthe level of tax paid by the enterprise's customers
4. Dthe distance between the enterprise and its suppliers

1. Arewards offered to workers
2. Bstages of production
3. Cfunctions of a manager
4. Dobjectives of a business

1. Aa share of the annual profits
2. Bpraise and recognition for good work
3. Can end-of-year cash bonus
4. Da commission paid on each sale that is made

1. Aare motivated only by the working conditions around them
2. Bwill work hardest when their pay is linked to their output
3. Cdislike work and must be closely supervised and controlled
4. Denjoy responsibility and will direct their own efforts

1. Apaternalistic
2. Bautocratic
3. Cdemocratic
4. Dlaissez-faire

1. Ano permanent record of the instruction is left behind
2. Bfeedback from the listener takes much longer to arrive
3. Cthe message cannot be passed to more than one person
4. Dthe sender must pay to have the message delivered

1. Amisunderstandings can be cleared up immediately
2. Bthe message is automatically kept on file for later
3. Cit can carry detailed figures more accurately
4. Dit reaches a large, scattered audience more cheaply

1. Afind out what customers need before committing money
2. Bset the rate of value added tax charged on the product
3. Crecruit the staff who will work on the production line
4. Dobtain a licence allowing it to trade in the local area

1. Acalculate break-even
2. Bvalue fixed assets
3. Cprepare a cash flow
4. Dsegment a market

1. Atrading stops at a set closing time each working day
2. Bbuyers and sellers trade online without meeting in person
3. Cprices are fixed by the government rather than by traders
4. Donly locally produced goods may be offered for sale there

1. Arun a common army for the member states
2. Bremove trade barriers between member states
3. Cset a single minimum wage for all member states
4. Dcollect income tax on behalf of member states

1. Acharge the same price to every customer it serves
2. Breduce the number of products it must make
3. Csell only to customers living in one district
4. Ddesign products and promotions to suit each group

1. Athe number of directors sitting on its board
2. Bthe accounting year end chosen by the company
3. Cthe colour used on the labels of its bottles
4. Dthe availability of a reliable water supply

Answer this when you sit the paper.

1. Aroad
2. Bair
3. Cpipeline
4. Drail

1. Aroad
2. Bwater
3. Cair
4. Drail

1. Aquality checks are carried out only by an outside firm
2. Bthe enterprise stops keeping records of customer complaints
3. Cevery employee takes responsibility for quality throughout
4. Dfaulty goods are sold at a discount instead of scrapped

1. Aordered after the finished goods have been sold
2. Bsupplied free of charge by the enterprise's customers
3. Cdelivered only as production needs them, cutting storage costs
4. Dbought in bulk once a year and stored until they are required