CSEC Principles of Business · January 2011 · Paper 2

33 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)(i)4 marksState FOUR characteristics of a partnership.
2. 1(a)(ii)4 marksState FOUR characteristics of a private limited company.
3. 1(b)6 marksDiscuss TWO advantages a business would enjoy by converting from a partnership to a private limited company.
4. 1(c)6 marksOutline THREE ways in which a free market economy differs from a planned or command economy.
5. 2(a)(i)2 marksCompare the private sector with the public sector in terms of ownership and control.
6. 2(a)(ii)2 marksCompare the private sector with the public sector in terms of objective.
7. 2(a)(iii)2 marksCompare the private sector with the public sector in terms of source of capital.
8. 2(b)(i)4 marksA sole proprietor
9. 2(b)(ii)4 marksThe community
10. 2(c)6 marksDiscuss TWO ways in which government can promote business activity.
11. 3(a)6 marksState THREE benefits a business may receive from advertising its goods or services.
12. 3(b)8 marksDistinguish between advertising and sales promotion, giving TWO examples of EACH.
13. 3(c)6 marksDiscuss TWO benefits, to the supermarket, of this public relations activity.
14. 4(a)4 marksIdentify FOUR sources of personal income.
15. 4(b)(i)2 marksExplain what is meant by the term 'budgeting'.
16. 4(b)(ii)4 marksState TWO advantages of budgeting.
17. 4(c)4 marksState TWO factors that must be considered when choosing a form of savings.
18. 4(d)6 marksDiscuss TWO reasons for saving money in a bank as opposed to keeping it at home.
19. 5(a)5 marksIdentify the traditional factors of production that EACH of the five M's, in the above statement, represents.
20. 5(b)(i)3 marksPrimary production and tertiary production
21. 5(b)(ii)3 marksSubsistence level production and domestic level production
22. 5(b)(iii)3 marksBackward linkage and forward linkage
23. 5(c)6 marksDiscuss TWO factors that must be considered when selecting a location for a large shopping mall.
24. 6(a)4 marksIdentify ONE social service provided by the government of your country and evaluate its impact on the country.
25. 6(b)(i)2 marksNational security
26. 6(b)(ii)2 marksMaintenance of safe environment for investors
27. 6(b)(iii)2 marksJob security
28. 6(c)4 marksOutline TWO forms of assistance offered by Caribbean governments to businesses.
29. 6(d)6 marksDiscuss TWO actions the government of your country can take to protect the environment.
30. 7(a)(i)2 marksDefine the term 'human resources'.
31. 7(a)(ii)6 marksOutline THREE factors that affect human resource development in any named CARICOM country.
32. 7(b)4 marksState TWO ways in which human resources can be developed in the country identified in (a)(ii).
33. 7(c)8 marksIdentify TWO major economic problems facing Caribbean countries and discuss ONE measure that can be used to address EACH problem.