Free CXC Principles of Business Paper 1 May/June 2019 past paper from 2019. Includes a worked answer key. Open the PDF, take a timed test, and study with AI on Caribbean AI.
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CSEC Principles of Business Paper 1 May/June 2019 - Free CXC Past Paper with Answers
Free CXC Principles of Business Paper 1 May/June 2019 past paper from 2019. Includes a worked answer key. Open the PDF, take a timed test, and study with AI on Caribbean AI.
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Every question from this paper as text. See the answers and worked solutions. Questions are the property of the Caribbean Examinations Council; Caribbean AI is not affiliated with CXC.
Explain TWO legal or ethical principles that business owners should adopt in the establishment and operation of a business. In your explanation, include relevant examples of EACH principle.
This question is not a multiple-choice question.
Write your answers in the spaces provided in this answer booklet.
Write your answers in the spaces provided in this answer booklet.
Write your answers in the spaces provided in this answer booklet.
Write your answers in the spaces provided in this answer booklet.
Write your answers in the spaces provided in this answer booklet.
(ii) Differentiate between 'fixed capital' and 'working capital' and give an example of EACH type.
Fixed capital is long-term, e.g. machinery; working capital is short-term, e.g. raw materials.
Fixed capital is tangible, e.g. buildings; working capital is intangible, e.g. patents.
Fixed capital is owned by the business, e.g. equipment; working capital is borrowed, e.g. loans.
Fixed capital is used in production, e.g. tools; working capital is used for distribution, e.g. delivery vans.
Outline TWO benefits of good customer service.
Increased customer loyalty and retention.
Positive word-of-mouth marketing and improved brand reputation.
Higher sales and revenue through repeat business and referrals.
Reduced customer complaints and returns.
If you need to rewrite any answer and there is not enough space to do so on the original page, you must use the extra lined page(s) provided at the back of this booklet. Remember to draw a line through your original answer.
If you need to rewrite any answer and there is not enough space to do so on the original page, you must use the extra lined page(s) provided at the back of this booklet. Remember to draw a line through your original answer.
If you need to rewrite any answer and there is not enough space to do so on the original page, you must use the extra lined page(s) provided at the back of this booklet. Remember to draw a line through your original answer.
If you need to rewrite any answer and there is not enough space to do so on the original page, you must use the extra lined page(s) provided at the back of this booklet. Remember to draw a line through your original answer.
If you need to rewrite any answer and there is not enough space to do so on the original page, you must use the extra lined page(s) provided at the back of this booklet. Remember to draw a line through your original answer.
If you use the extra page(s) you MUST write the question number clearly in the box provided at the top of the extra page(s) and, where relevant, include the question part beside the answer.
If you use the extra page(s) you MUST write the question number clearly in the box provided at the top of the extra page(s) and, where relevant, include the question part beside the answer.
If you use the extra page(s) you MUST write the question number clearly in the box provided at the top of the extra page(s) and, where relevant, include the question part beside the answer.
If you use the extra page(s) you MUST write the question number clearly in the box provided at the top of the extra page(s) and, where relevant, include the question part beside the answer.
If you use the extra page(s) you MUST write the question number clearly in the box provided at the top of the extra page(s) and, where relevant, include the question part beside the answer.