Mock Exam Paper B - Ordinary Level Marking Scheme

SECTION 1: SHORT ANSWER QUESTIONS

Answer 10 questions. Each question carries 10 marks. Please return this question paper with your answer book.

  1. What do the following letters stand for? (Write each answer in the space provided. (4 + 3 + 3)

ICTU

IRISH CONGRESS OF TRADE UNIONS

USC

UNIVERSAL SOCIAL CHARGE

WWW

WORLD WIDE WEB

  1. List three service providers to a business. Select from banks, accountants, solicitors, etc (4 + 3 + 3)
  2. Name three management activities: Planning, organising and control (4 + 3 + 3)
  3. (i) Name two policies of the European Union. Common Agricultural Policy / Common Fisheries Policy/Competition Policy/ Accept any other relevant answer (3 + 3)

(ii) State the importance of one of the policies for Ireland

Importance of CAP – farmers guaranteed minimum prices for produce/ CAP has brought stability to farming. (4 marks for any relevant point to CAP or any other policies chosen by students.)

  1. Match the two lists by placing the letters of the correct explanation under the relevant number below. (5 x 2)

1

2

3

4

5

C

E

A

B

F

6. Name the three types of production. Give an example of each.

Job – debs dress/bridge (2 + 2)

Batch – bread/books (1 + 2)

Mass – biros/cars (1 + 2)

7. Name two uses of IT in business

Emails, video conferencing, internet, EDI/Accept any relevant uses (4 + 3 + 3)

8. Distinguish between Capital Gains Tax and Corporation Tax.

Capital Gains Tax is paid on the profits made after selling an asset e.g.property/shares (3 + 2)

Corporation Tax is tax paid on the profits of a company during the tax year. (5)

9. State three elements of a valid contract.

Offer and acceptance (agreement), consideration, intention to con...

Sign In To View

Sign in or sign up in order to view resources on iRevise

Sign In Create An Account