Exam (elaborations)
Past GCSE Paper: OCR Business Paper 2 (November 2020)
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This is the OCR GCSE Business Paper 2 exam completed on 16/11/2020 which covers operations, finance and influences on business.
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Oxford Cambridge and RSAMonday 16 November 2020 – Afternoon
GCSE (9–1) Business
J204/02 Business 2: operations, finance and influences on
business
Time allowed: 1 hour 30 minutes
* 8 2 6 4 4 1 7 5 7 9 *
You can use:
• a calculator
* J 2 0 4 0 2 *
Please write clearly in black ink. Do not write in the barcodes.
Centre number Candidate number
First name(s) �
Last name �
INSTRUCTIONS
• Use black ink.
• Write your answer to each question in the space provided. You can use extra paper if
you need to, but you must clearly show your candidate number, the centre number and
the question numbers.
• Answer all the questions.
INFORMATION
• The total mark for this paper is 80.
• The marks for each question are shown in brackets [ ].
• Quality of extended response will be assessed in questions marked with an asterisk (*).
• This document has 20 pages.
ADVICE
• Read each question carefully before you start your answer.
© OCR 2020 [603/0295/1] OCR is an exempt Charity
DC (MS/FC) 191739/3 Turn over
, 2
SECTION A
Answer all the questions.
1 Which of the following tasks is not a finance function?
A Advertising price reductions
B Applying for a bank loan
C Calculating break-even
D Measuring profit and loss
Your answer [1]
2 Which of the following issues is climate change an example of?
A A financial issue
B A quality control issue
C An economic issue
D An environmental issue
Your answer [1]
3 A manufacturer is experiencing a range of problems.
Which of the following problems would be classed as a ‘liquidity problem’?
A A breakdown on the production line
B Being short of funds to pay suppliers
C Experiencing high levels of wastage during the production process
D Having insufficient financial information to make business decisions
Your answer [1]
© OCR 2020
, 3
4 A company’s total costs are too high. The finance manager advises that this is being caused by
increasing wage costs as the company expands.
Which one of the following actions would provide a long term solution to this problem?
A Applying for an overdraft
B Automating the production process
C Employing a finance assistant
D Switching to job production
Your answer [1]
5 A business will make a profit if it:
A ends the year with a positive bank balance
B exceeds its break-even quantity
C has costs that are greater than its revenues
D pays off all of its debts
Your answer [1]
6 Which of the following is a short-term source of finance suitable for a new business?
A Retained profit
B Sale of business assets
C Share issue
D Trade credit
Your answer [1]
© OCR 2020 Turn over
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