0450.1.1.1.01 — Importance of specialisation: past paper questions
Real questions on 0450.1.1.1.01 — importance of specialisation
The newest 20 of 33 written questions. Open one to see it on the real paper.
- 0450/21 · May/June 2026 · Q1a[8]
Explain four characteristics of a successful entrepreneur. characteristic characteristic characteristic characteristic
See it on the paper → - 0450/23 · May/June 2026 · Q1a[8]
Explain two advantages for KH of using specialisation in the production process. advantage explanation advantage explanation
See it on the paper → - 0450/12 · October/November 2025 · Q4b[2]
Calculate DJU’s average cost per unit per week. Show your working. Working: Final
See it on the paper → - 0450/12 · October/November 2025 · Q4d[6]
Explain one advantage and one disadvantage to DJU of using specialisation when making its products. Advantage: Explanation: Disadvantage: Explanation:
See it on the paper → - 0450/13 · May/June 2025 · Q2b[2]
Calculate X and Y. X: Y:
See it on the paper → - 0450/23 · May/June 2025 · Q3b[12]
Consider why the profitability and liquidity ratios for her restaurant will be important to Jemi. Which is likely to be the most important for the success of Jemi’s restaurant? Justify your answer. Profitability ratios: Liquidity ratios: Conclusion:
See it on the paper → - 0450/13 · October/November 2024 · Q3b[2]
Calculate the value of LRL’s market share in 2023. Working: Final
See it on the paper → - 0450/13 · October/November 2024 · Q4a[2]
Define ‘commission’.
See it on the paper → - 0450/13 · May/June 2024 · Q3a[2]
Define ‘public limited company’.
See it on the paper → - 0450/12 · October/November 2023 · Q4d[6]
Explain oneadvantage andonedisadvantage to TFN of its managers having a wide span of control.
See it on the paper → - 0450/12 · October/November 2023 · Q4e[6]
Do you think off-the-job training is the best method of training for a service sector business to use? Justify your answer.
See it on the paper → - 0450/13 · October/November 2023 · Q1a[2]
Identify two benefits to a business of specialisation. Benefit 1: Benefit 2:
See it on the paper → - 0450/22 · October/November 2023 · Q1a[8]
two advantages of using specialisation when producing SSE’s products
See it on the paper → - 0450/11 · May/June 2023 · Q1a[2]
Define ‘specialisation’.
See it on the paper → - 0450/11 · May/June 2023 · Q3a[2]
Define ‘job description’.
See it on the paper → - 0450/12 · February/March 2023 · Q1a[2]
Define ‘inflation’.
See it on the paper → - 0450/12 · October/November 2021 · Q1e[6]
Do you think it is a good idea for a business to have only one customer? Justify your answer.
See it on the paper → - 0450/12 · October/November 2021 · Q2e[6]
Do you think a successful entrepreneur has to be a good manager? Justify your answer.
See it on the paper → - 0450/12 · October/November 2021 · Q4a[2]
two features of a public limited company.
See it on the paper → - 0450/13 · October/November 2021 · Q2a[2]
Define ’unemployment’.
See it on the paper →
What examiners said
Those candidates who understood the cash flow forecast generally gained both marks. Most candidates were able to calculate the value of Y. A common mistake was to omit the minus sign for the value of X.
— Examiner report, May/June 2025, 0450/13 Q2(b) (Cambridge)
Candidates found this question difficult, and it was the lowest scoring question on the paper. Most candidates realised that profitability was linked to the amount of profit made but could not explain why profitability was important. They did not understand the difference between profit and profitability. Liquidity ratios were not well understood by weaker candidates, but better candidates knew it...
— Examiner report, May/June 2025, 0450/23 Q3(b) (Cambridge)
There were many weak answers to this question. Correct responses tended to focus on the fact that a wide span of control would allow for faster communication which could speed up decisionmaking or for explaining how less control could lead to mistakes. Application was often awarded for relevant references to the travel business or recognising there were 1000 employees or 37 shops. A common mistake...
— Examiner report, October/November 2023, 0450/12 Q4(d) (Cambridge)
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