BTEC Business Enterprise and Entrepreneurship 31463 H Add SAM Jan 2021 QP PDF

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Summary

S68483A0120Turn overTotal MarksInstructions• Use black ink or ball-point pen.• Fill in your name, learner registration and centre number.• Answer all questions in the spaces provided there may be more space than you need. • Show your working when requested.Information• The total mark for this paper ...

Description

Please check the examination details below before entering your candidate information

Additional sample assessment material Paper Reference 31463H

Time: 2 hours

Business/Enterprise and Entrepreneurship Unit 3: Personal and Business Finance You must have: Calculator

Total Marks

Instructions black ink or ball-point pen. • Use in your name, learner registration and centre number. • FillAnswer all questions in the spaces provided • – there may be more space than you need. Show your working when requested. •

Information

total mark for this paper is 80. • The The for each question are shown in brackets • – usemarks this as a guide as to how much time to spend on each question. There two sections: Section A, Personal Finance and Section B, • BusinessareFinance. • You may use a calculator.

Advice

to answer every question. If you cannot answer a question move • Try on to the next one and come back to the question at the end. Check calculations and show the steps you have used. • Check your • your answers if you have time at the end.

Turn over

S68483A ©2021 Pearson Education Ltd.

*S68483A0120*

SECTION A – Personal Finance Answer ALL questions. Write your answers in the spaces provided. You should spend up to 45 minutes on this section. 1 Give two features of the Financial Services Compensation Scheme. 1 ............................................................................................................................................................................................................................................................................... ....................................................................................................................................................................................................................................................................................

2 ............................................................................................................................................................................................................................................................................... ....................................................................................................................................................................................................................................................................................

(Total for Question 1 = 2 marks) 2 Give two areas of expertise where Citizens Advice might provide personal finance guidance to members of the public. 1 ............................................................................................................................................................................................................................................................................... ....................................................................................................................................................................................................................................................................................

2 ............................................................................................................................................................................................................................................................................... ....................................................................................................................................................................................................................................................................................

(Total for Question 2 = 2 marks) 3 Give two reasons why a person’s religious beliefs could impact on a decision totake out a loan. 1 ............................................................................................................................................................................................................................................................................... ....................................................................................................................................................................................................................................................................................

2 ............................................................................................................................................................................................................................................................................... ....................................................................................................................................................................................................................................................................................

(Total for Question 3 = 2 marks)

4 Explain two benefits of online banking. 1 ............................................................................................................................................................................................................................................................................... ....................................................................................................................................................................................................................................................................................

2 ............................................................................................................................................................................................................................................................................... ....................................................................................................................................................................................................................................................................................

(Total for Question 4 = 4 marks)

Personal attitudes towards the role of money may differ depending on an individual’s life stage. Paul is a middle-aged man and has just had his 40th birthday. He has been thinking about his financial future. He has two adolescent children. 5 Discuss the personal attitudes that middle-aged people such as Paul may have towards saving, compared to people in adolescence. (6) ....................................................................................................................................................................................................................................................................................

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(Total for Question 5 = 6 marks)

Lynne is self-employed. She is considering buying private health insurance because waiting times for medical treatment can be quite long. She knows that ill-health will have an impact on her earnings if she has to take time off work. Lynne has researched the following four health insurance policies. Provider

Cancer cover

Extra benefits

Excess * £

Annual policy cost £

Ashridge

No

None

250

470

Shirevale

No

Fast track GP appointment

200

660

The Royal Insurance

Yes

Online GP service support

100

970

Westshire

Yes

Online GP service support

0

1250

*Excess is the amount the customer must pay towards any insurance claim made. 6 Evaluate which health insurance provider would be most suitable for Lynne. (12) ....................................................................................................................................................................................................................................................................................

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