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Centre Number

Candidate Number

Name

e tr .X m eP e ap

CAMBRIDGE INTERNATIONAL EXAMINATIONS General Certificate of Education Ordinary Level BUSINESS STUDIES Paper 1 May/June 2003 1 hour 45 minutes
Candidates answer on the Question Paper. No Additional Materials are required.

.c rs om

7115/01

READ THESE INSTRUCTIONS FIRST Write your Centre number, candidate number and name on all the work you hand in. Write in dark blue or black pen in the spaces provided on the Question Paper. Do not use staples, paper clips, highlighters, glue or correction fluid. Answer all questions. At the end of the examination, fasten all your work securely together. The number of marks is given in brackets [ ] at the end of each question or part question. The businesses described in this question paper are entirely fictitious.

For Examiner’s Use If you have been given a label, look at the details. If any details are incorrect or missing, please fill in your correct details in the space given at the top of this page. Stick your personal label here, if provided. 1 2 3 4 5 TOTAL This document consists of 13 printed pages and 3 blank pages.
SP (AT/SLC) S45896 © CIE 2003

[Turn over

2 1 (a) When someone sets up their own business for the first time they often decide to operate as a sole trader. (i) State and explain two features of a sole trader business. ................................................................................................................................... ................................................................................................................................... ................................................................................................................................... ...................................................................................................................................

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