Oxford Cambridge and RSA
Examinations GCENew
BusinessH431/01: Operating in a
local business environment A
Level with marking scheme
, Oxford Cambridge and RSA
Tuesday 23 May 2023 – Morning
A Level Business
H431/01 Operating in a local business environment
Time allowed: 2 hours
You must have:
* 9 8 9 9 2 6 1 0 3 4 *
• the Resource Booklet
You can use:
• a calculator
* H 4 3 1 0 1 *
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.
• Use the Resource Booklet to answer the questions in Section B.
• 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.
Put a tick (✓) in the box next to the one correct answer for each question.
1 A co-operative is owned by its:
(a) competitors
(b) external stakeholders
(c) members
(d) shareholders
[1]
2 A company frequently changes the way its assets are valued in its published accounts.
Which accounting convention has the company ignored?
(a) Accruals
(b) Consistency
(c) Going concern
(d) Prudence
[1]
3 Canta Ltd makes drum kits. The company has fixed costs of £18 000 per year. The average
selling price for a drum kit is £690. The variable cost to make one drum kit is £440.
How many drum kits does Canta Ltd need to sell to earn a profit of £27 000 per year?
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