CAPE Management of Business Unit 1 · 2008 · Paper 2

18 questions and parts from this paper. Open one to see it in full, then practise it on Quelpr and get it marked against the mark scheme.

1. 1(a)15 marksIdentify THREE disadvantages associated with trade liberalisation and outline TWO ways in which EACH disadvantage can negatively affect Caribbean businesses' operations.
2. 1(b)6 marksDiscuss TWO benefits of globalization to Caribbean countries.
3. 1(c)4 marksJustify ONE action that a business can take in order to remain competitive.
4. 2(a)19 marksDiscuss THREE advantages and THREE disadvantages of forming a Private Limited Company rather than a Partnership business.
5. 2(b)6 marksOutline THREE reasons why the business may have a greater chance of success by purchasing a franchise licence rather than starting an independent business.
6. 3(a)3 marksExplain what is meant by the term 'team', and identify ONE situation in which teams are utilized.
7. 3(b)12 marksOutline THREE benefits and THREE drawbacks that the business may experience from utilizing teams.
8. 3(c)10 marksIdentify TWO possible causes of conflict among workers and discuss TWO ways to manage the conflict.
9. 4(a)13 marksDiscuss FOUR main principles of Frederick Taylor's Scientific Management Approach.
10. 4(b)12 marksExplain THREE ways in which Frederick Taylor's Scientific Management Approach is relevant to modern business industry.
11. 5(a)21 marksCalculate the payback period and the net present value for EACH project.
12. 5(b)1 markIndicate which project the company should invest in, based on the payback method.
13. 5(c)1 markIndicate which project the company should NOT consider investing in, using the net present value (NPV).
14. 5(d)2 marksOutline ONE advantage that the NPV method has over the payback method.
15. 6(a)2 marksDefine the term 'budget'.
16. 6(b)8 marksExplain FOUR ways by which a firm may benefit from having a budget.
17. 6(c)6 marksExplain THREE shortcomings that a business firm may experience from having a budget.
18. 6(d)9 marksOutline THREE differences between an Income Statement and a Balance Sheet.