AS Level Business Studies Exam Paper with Full Mark Scheme and Explanations 2025

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AS Level Business Examination
2025
STUDENTS NAME

STUDENTS NUMBER

DATE


SECTIONS MARKS
A 60
B 60
TOTAL 120



Time allowed: 2 hours 30 minutes
Total marks: 120

Instructions to Candidates

Instructions to Candidates
1. Answer all questions.
2. Use black or blue ink.
3. Diagrams may be used where
appropriate.

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4. Clarity of explanation, application
of business concepts, and use of
examples will be assessed.

Grade Marks Range Percentage



A 96–120 80–100%



B 84–95 70–79%



C 72–83 60–69%



D 60–71 50–59%



E 48–59 40–49%



U (Ungraded) 0–47 Below 40%

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Section A: Core Business (60 marks)
Part 1: Multiple Choice (10 questions,
10 marks)
Each = 1 mark.

1. Which of the following is a primary
objective of a private limited
company?
A. Profit maximisation
B. Social welfare
C. Government regulation
D. Public service

2. Which of the following is a
stakeholder in a business?
A. Employees
B. Competitors
C. Regulators
D. All of the above

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3. Which leadership style involves
consultation with employees?
A. Autocratic
B. Democratic
C. Laissez-faire
D. Paternalistic


4. Which of the following is a source
of internal finance?
A. Bank loan
B. Retained profit
C. Venture capital
D. Trade credit