Mock exam paper A P1 Section A Higher Level

WARNING

This Question Paper MUST be returned with your answer book at the end of the Examination, otherwise marks will be lost.

NAME:

SCHOOL:

ADDRESS:

CLASS:

TEACHER:

PRE - JUNIOR CERTIFICATE EXAMINATION, 2011

BUSINESS STUDIES – HIGHER LEVEL – PAPER I

SECTION A

(80 marks)

TIME: 2 ½ HOURS

Answer all 20 questions. Each question carries 4 marks.

Calculators may be used.

Make and Model of Calculator Used:

Answer all twenty questions

1. The following initials are used in business. What do they stand for?

USP

ICTU

CV

NCA

2. Explain the following terms used in insurance

(i) Premium ______________________________________________________________________

________________________________________________________________________________________________________________________________________________________________

(ii) Loading ______________________________________________________________________

________________________________________________________________________________________________________________________________________________________________

3. What is the function of the following commercial semi-state bodies?

(i) Bord Gáis_____________________________________________________________________

________________________________________________________________________________________________________________________________________________________________

(ii) Electricity Supply Board_________________________________________________________

________________________________________________________________________________________________________________________________________________________________

4. If the selling price of a DVD is €20 and the profit is €5. Calculate:

SHOW WORKINGS

(i) Profit Mark-up _______________

SHOW WORKINGS

(ii) Profit Margin _________________

5. Distinguish between (a) Indigenous and (b) Multinational Companies

(a) Indigenous____________________________________________________________________

____________________________________________________________________________________...

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