CSEC Principles of Business · May/June 2017 · Paper 2

28 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 'Enterprise'.
2. 1(a)(ii)2 marksDefine the term 'Entrepreneurship'.
3. 1(b)(i)4 marksState TWO economic benefits and TWO social benefits of a business to the community where it is located.
4. 1(b)(ii)6 marksIdentify TWO stakeholders of a business and explain the role of EACH.
5. 1(c)6 marksDescribe TWO challenges that a business could encounter when trying to satisfy its ethical role in a community.
6. 2(a)(i)4 marksState TWO activities performed by EACH of the following managers: - Marketing - Production
7. 2(a)(ii)4 marksDistinguish between the 'finance' and 'human resource' (HR) functional areas of a business.
8. 2(b)(i)2 marksDescribe the management function of 'Delegating'.
9. 2(b)(ii)2 marksDescribe the management function of 'Motivating'.
10. 2(b)(iii)2 marksDescribe the management function of 'Coordinating'.
11. 2(c)(i)3 marksExplain ONE way in which management fulfils its responsibility to customers.
12. 2(c)(ii)3 marksExplain ONE way in which management fulfils its responsibility to employees.
13. 3(a)(i)3 marksList THREE examples of technology used by businesses.
14. 3(a)(ii)4 marksOutline TWO ways in which technology may be used to enable businesses to grow.
15. 3(b)(i)3 marksList THREE functions of a small business.
16. 3(b)(ii)4 marksState TWO challenges and TWO benefits associated with the growth of a business.
17. 3(c)6 marksExplain TWO ways in which the growth of a business affects its organizational structure.
18. 4(a)(i)2 marksDefine the term 'brand name'.
19. 4(a)(ii)2 marksIdentify TWO forms of packaging.
20. 4(a)(iii)2 marksState TWO purposes of packaging.
21. 4(b)(i)4 marksDescribe TWO techniques used in selling.
22. 4(b)(ii)4 marksOutline TWO methods which vendors can employ to promote sales.
23. 4(c)6 marksExplain TWO ways in which the existence of copyright is likely to influence the actions of producers and consumers.
24. 5(a)2 marksDefine the term 'standard of living'.
25. 5(b)(i)3 marksState THREE factors that can be used to determine quality of life.
26. 5(b)(ii)3 marksState THREE factors that can be used to determine standard of living.
27. 5(c)6 marksDescribe TWO programmes that Ministries of Education could put in place to foster economic growth and development.
28. 5(d)6 marksIdentify TWO methods that are used to measure a country's national income and explain how EACH method is used.