5 marksGovernment Responsibilities and Business Regulation

CSEC Principles of Business · May/June 2011 · Paper 2 · Question 6(a)

Explain what is meant by the statement 'government is a regulator of business', giving TWO examples to support your explanation.

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6(b)State THREE purposes of taxation, and for EACH explain how the government in your country uses the taxes collected.[9 marks]
6(c)(i)Discuss food and drug standards legislation showing how it benefits consumers.[3 marks]
6(c)(ii)Discuss hire purchase laws showing how they benefit consumers.[3 marks]

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