PAPER 1

SECTION A

(a) 2 marks Paper 1

(a) Define the term ‘opportunity cost’. [2]​

 (a) Define the term ‘leadership’. [2]

(b) 3 marks Paper 1

(b) Explain two reasons why many new businesses fail in their first year of operation. [3]

(b) Explain two advantages that a business in the public sector may have that a business in the private sector may not. [3]

(b) Explain two qualities of a good leader. [3]

5 marks Paper 1

Explain why the objectives of a business may change over time. [5]

Explain how the interests of two stakeholder groups could affect the decisions of a business. [5]

SECTION B

(a) Analysis 8 marks Paper 1

(a) Analyse the impact of social enterprises on the development of a country. [8]

 (a) Analyse the difference between autocratic and laissez-faire leadership. [8]

 (a) Analyse the difference between autocratic and laissez-faire leadership. [8]

(b) Discuss 12 marks Paper 1

(b) Discuss why the shareholders of a public limited company might not support corporate social decisions responsibility (CSR) as a business objective. [12]

Discuss the view that a public limited company should prioritise the aims of its shareholders rather than those of other stakeholder groups. [12]

(b) Discuss why the shareholders of a public limited company might not support corporate social decisions responsibility (CSR) as a business objective. [12]

Discuss the view that a public limited company should prioritise the aims of its shareholders rather than those of other stakeholder groups. [12]

Discuss 20 marks Paper 1

PAPER 2

(a)(i) 2marks Paper 2

(a)(ii) 3 marks Paper 2

(b)(i) 2 marks Paper 2

(b)(ii) 3 marks Paper 2

(c) Analysis 8 marks Paper 2

(d) Evaluation Paper 2