Mock exam paper D P1 Section A Higher Level

WARNING

Name

Class

Teacher

School

This Question Paper MUST be returned with

your answer book at the end of the

Examination, otherwise marks will be lost.

_____________

PRE - JUNIOR CERTIFICATE EXAMINATION, 2014

_____________________

BUSINESS STUDIES – HIGHER LEVEL – PAPER I

Section A

(80 marks)

  • Each question in Section A carries 4 marks.
  • Answer ALL questions.
  • Marks will be awarded for workings, layout and presentation, folios and dates.
  • Dates should show the day, month and year.
  • Calculators may be used.

SECTION A

(80 marks)

Answer all 20 questions. Each question carries 4 marks

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

E&OE

CWO

VAT

COD

  1. List one advantage of each of the following types of market research.

Desk Research

Field Research

  1. Complete the Trading Profit & Loss Appropriation (extract) below by filling in the four shaded areas, numbered (i)- (iv)
  • Authorised Share Capital €800,000
  • Issued Share Capital €500,000
  • Dividends declared 3%
  • Opening Profit & Loss Balance – (€5,175)

Workings:

Profit & Loss Appropriation Account

For year ending 31-01-2014

Net Profit

75,225

Opening Profit & Loss Balance

(i)

Less appropriation:

Dividends

(ii)

(iv)

(iii)

  1. The Managing Director is _______________________________________________________

__________________________________________________________________________________________________________________________________________________________

_____________________________________________________________________________

  1. The following figures appear in a company’s financial accounts:

Gross Profit is calculated using the following formula: Gross Profit x 100

Sales 1

2012

2013

Gross Profit

€15,000

€17,500

Sales

€12...

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