Paper 1 2023 MCQs

A plumbing firm is struggling to keep up with demand.

What would help the plumbing firm to succeed?

• Asking regular customers with blocked toilets to ring back another day

• Giving customers unrealistic appointment times

• Ignoring customer complaints about delays in fixing water leaks

• Planning all business activity and work schedules carefully

What is a non-financial method of motivation that a manufacturer of handmade wooden toys could use?

• Giving production operatives a bonus for every 1000 toys made

• Increasing the rate of pay for workers in the dusty woodcutting shed

• Praising the workers who take the greatest care when painting the designs

• Providing free private medical insurance to all workers

Limited liability protects:

• Business owners

• Customers

• Suppliers

• The local community

A restaurant constantly monitors the dishes on its menu. It has collected data about customers’

preferred flavours of soup for three years.

According to the data, over the last three years which of the following is true?

• Chicken soup has never been the customers' preferred flavour

• In 2020, chicken soup and tomato soup were equally popular with customers

• Leek and potato soup has gained in popularity with customers over the years

• Tomato soup has always been the customers' preferred flavour

Employee retention:

• Extends the working hours of employees

• Leads to higher recruitment costs

• Minimises time spent selecting new workers

• Reduces discrimination in the workplace

Finley and Umi are business partners. They create personalised pictures, using shells and

pebbles. They started the business after attending an art class together.

What would not be an appropriate reason for Finley and Umi to have started this business?

• They developed an idea for a business by making pictures that are unique

• They satisfied the needs of customers looking for sustainable gifts

• They spotted an opportunity to earn money from a leisure activity they loved

• They wanted to test their physical and mental health by working long hours

What would be included in the job description for a hospital doctor?

• A list of the medical qualifications required

• An ability to listen carefully to patients’ concerns

• Previous experience of working in a hospital

• The main duties of medical staff when working in a hospital

What is not a secondary source of market research?

• Focus Groups

• Internal business data

• Newspapers

• Websites

The span of control of the Production Manager is:

• 1

• 3

• 21

• 63

Which type of ownership is most suitable for an entrepreneur who wishes to start up their own

business quickly and with as little paperwork as possible?

• Partnership

• Private Limited Company

• Public Limited Company

• Sole Trader