1 霹雳怡保培南独立中学SM POI LAM (SUWA) IPOH FINAL EXAMINATION 2023 BUSINESS STUDIES DATE: TIME : 9/11/2023 1310-1540 (2HR30MINS) NAME：______________________ STUDENT ID:_________________ CLASS: S2YI/S2ZI READ THESE INSTRUCTIONS FIRST There are 4 questions on this paper. Answer all the questions. Write your answer on the A4 ruled papers provided. Do not use staples, paper clips, highlights, glue or correction fluid. Write in Blue or Black pen only. You may use non-programmable calculator. The total mark for this paper is 100%. DO NOT TURN OVER THIS PAGE UNTIL YOU ARE TOLD TO DO SO This paper consists of 3 printed pages Prepared by ： Sharlinnadia …………………………………… (PUAN NADIA) Checked by：…………………………….. (MR.MOGAN) Answer all the 4 question given below in the test pad provided. Each question 25%. 1. Nurul plans to start up her own business using her own savings. She wants toproducefashionclothes for women. She is very good clothes designer but she does not like stitching clothestogether.Two friends have offered to help Nurul. Idayu is an experienced material cutter, shecancut lengthsofmaterial for clothes with very little wastage. Zafirah is quick at sewing. (a) What is meant by business and provide with one example. [3%](b) Identify 3 factor production that Nurul need for her new business. [3%]
2 (c) Identify and explain two possible opportunity cost that Nurul may have fromher decisiontostart her own business. [6%](d) Identify and explain two advantages and two disadvantages to Nurul business of usingdivision labor in making clothes. [8%](e) Do you think Nurul’s business will be able to sell of the clothes that it makes? Justifyyour answer. [5%]2. Most desk are still made of wood. How many different type of business might havebeeninvolvedinconverting the wood into finished desk to be sold to a final customer. (a) List and explain with example three stage of the levels of economic. [12%](b) Define De-industrilization and mixed economy. [4%](c) Briefly explain the reasons for changes in the relative importance of three sector over time. [9%]3. Entrepreneur is a person who organize, operates and takes the risk for a newbusinessventure.(a) List three advantages and three disadvantages of being an entrepreneur. [12%](b) What supports do governments often give to start up businesses? [10%](c) What is the three benefits of integration? [3%]4. There are five types of business organization. Sole traders, partnerships, private limitedcompanies,public limited companies and cooperatives. (a) List the five advantages of being a sole trader? [12%](b) What are differences between limited liability and unlimited liability? [4%](c) A company is separate legal unit from its owner means they are incorporated business. What is incorporated business? [9%]
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