CSEC Principles of Business · May/June 2015 · Paper 2

42 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)2 marksDefine the term 'profit'.
2. 1(a)(ii)2 marksDefine the term 'enterprise'.
3. 1(a)(iii)2 marksDefine the term 'specialization'.
4. 1(b)2 marksIdentify the names of TWO franchises in the Caribbean.
5. 1(c)(i)2 marksState TWO characteristics of a partnership.
6. 1(c)(ii)2 marksState TWO characteristics of co-operatives.
7. 1(c)(iii)2 marksState TWO characteristics of a sole proprietorship.
8. 1(d)(i)3 marksDescribe ONE role of employers as stakeholders in business.
9. 1(d)(ii)3 marksDescribe ONE role of employees as stakeholders in business.
10. 2(a)(i)4 marksList FOUR functions of a manager.
11. 2(a)(ii)3 marksState THREE guidelines for establishing good relations between management and employees.
12. 2(b)(i)3 marksIdentify THREE characteristics of a good leader.
13. 2(b)(ii)4 marksDifferentiate between 'participatory leadership style' and 'autocratic leadership style'.
14. 2(c)6 marksExplain TWO ways in which an organization can benefit from teamwork.
15. 3(a)(i)2 marksDefine the term 'migration'.
16. 3(a)(ii)2 marksState ONE positive effect and ONE negative effect of migration.
17. 3(a)(iii)4 marksOutline TWO reasons for migration.
18. 3(b)(i)2 marksList TWO characteristics of subsistence production.
19. 3(b)(ii)4 marksExplain how 'capital-intensive production' differs from 'labour-intensive production'.
20. 3(c)6 marksExplain ONE advantage and ONE disadvantage of computer-aided design (CAD) in the production process.
21. 4(a)2 marksDefine the term 'consumer protection'.
22. 4(b)(i)2 marksList TWO rights of the consumer.
23. 4(b)(ii)4 marksOutline TWO roles of the Bureau of Standards.
24. 4(c)(i)2 marksState TWO characteristics of the wholesaler as a distributor.
25. 4(c)(ii)4 marksOutline ONE advantage and ONE disadvantage of e-commerce as a method of retailing.
26. 4(d)(i)2 marksIdentify TWO problems related to the distribution of goods.
27. 4(d)(ii)4 marksOutline ONE measure that producers could take to avoid each problem identified in (d)(i).
28. 5(a)2 marksDefine the term 'overdraft'.
29. 5(b)(i)2 marksList TWO forms of investment.
30. 5(b)(ii)4 marksOutline TWO principles of insurance.
31. 5(c)(i)2 marksState TWO characteristics of ordinary shares.
32. 5(c)(ii)4 marksOutline ONE advantage and ONE disadvantage of the sou sou (meeting turn) as a form of saving.
33. 5(d)6 marksDescribe TWO measures which a central bank may use to influence the behaviour of commercial banks.
34. 6(a)(i)2 marksIdentify TWO economic problems facing Caribbean countries.
35. 6(a)(ii)4 marksOutline ONE way in which EACH problem identified may be solved.
36. 6(b)(i)2 marksDefine the term 'foreign direct investment' (FDI).
37. 6(b)(ii)6 marksOutline THREE factors that are LIKELY to discourage foreign investors from investing in the Caribbean.
38. 6(c)6 marksExplain TWO ways in which Caribbean countries benefit from foreign direct investment (FDI).
39. 7(a)(i)4 marksOutline TWO ways in which governments can regulate business activity.
40. 7(a)(ii)4 marksDescribe TWO measures which governments can take to protect consumers.
41. 7(b)6 marksOutline THREE ways in which your country can benefit from improved roads and transportation.
42. 7(c)6 marksExplain TWO ways in which government could improve the education sector.