CAPE Management of Business Unit 1 · 2013 · Paper 2

23 questions and parts from this paper. Open one to see it in full, then practise it on Quelpr and get it marked against the mark scheme.

1. 1(a)9 marksOutline THREE essential provisions that the partners could include in their partnership deed.
2. 1(b)16 marksDiscuss TWO advantages and TWO disadvantages of converting the business from a sole proprietorship to a partnership with friends.
3. 2(a)8 marksDefine the term 'mission statement' and state THREE reasons why it is important for the firm to have a mission statement.
4. 2(b)(i)2 marksDefine the term 'social responsibility' as it relates to businesses.
5. 2(b)(ii)6 marksOutline THREE ways in which the chemical company can demonstrate social responsibility.
6. 2(b)(iii)9 marksExplain THREE reasons why it is important for the company to include social responsibility in its mission statement.
7. 3(a)15 marksIdentify FIVE main levels of Maslow's Hierarchy of Needs and explain how EACH level operates.
8. 3(b)10 marksOutline ONE action that managers can take to motivate workers at EACH level of the hierarchy.
9. 4(a)3 marksDifferentiate between a 'team' and a 'group'.
10. 4(b)10 marksOutline the FIVE stages in the development of a group.
11. 4(c)12 marksDiscuss THREE characteristics that the selected team must display in order to carry out its task effectively.
12. 5(a)(i)2 marksDefine the term 'variance'.
13. 5(a)(ii)3 marksCalculate the variances for EACH department at Sugarary Producers Ltd.
14. 5(a)(iii)3 marksState what EACH variance calculated in (a)(ii) indicates about the performance of the company.
15. 5(b)(i)2 marksDefine the term 'budget'.
16. 5(b)(ii)3 marksState THREE reasons why it is important for Sugarary Producers to construct a budget.
17. 5(c)12 marksDiscuss THREE options that can be considered in order to improve the company's cash flow management.
18. 6(a)(i)3 marksCompute, to one decimal place, the Net Profit Margin for the year ended 30 June 2012.
19. 6(a)(ii)3 marksCompute, to one decimal place, the Acid Test Ratio for the year ended 30 June 2012.
20. 6(a)(iii)3 marksCompute, to one decimal place, the Current Ratio for the year ended 30 June 2012.
21. 6(a)(iv)3 marksCompute, to one decimal place, the Stock Turnover for the year ended 30 June 2012.
22. 6(a)(v)3 marksCompute, to one decimal place, the Long-term Debt to Equity ratio for the year ended 30 June 2012.
23. 6(b)10 marksExplain what EACH ratio calculated in part (a) demonstrates about the performance of General Hardware Ltd.