Free CXC Principles of Business Paper 2 May/June 2008 past paper from 2008. 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 2 May/June 2008 - Free CXC Past Paper with Answers
Free CXC Principles of Business Paper 2 May/June 2008 past paper from 2008. 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.
Identify FOUR departments of a typical business.
[4 marks]
Outline ONE function of EACH of the departments identified in (a) above.
[4 marks]
There is an increased demand for soft drinks at Christmas time. Explain how this increased demand will affect the activities of any FOUR departments in a soft drink firm.
[8 marks]
State TWO ways in which management can resolve conflict within the organisation.
[4 marks]
List TWO levels of production and explain the MAIN difference between them.
[4 marks]
Outline ONE main difference between primary and secondary production, giving example of .
[4 marks]
[6 marks]
Discuss TWO ways in which linkage industries can assist in the development of Caribbean economies.
[6 marks]
Flour Hill has one shopping mart that purchases baked goods from a supplier in the nearest city, which is 75 miles away. In the last two weeks the owner of the shopping mart has had an unusual amount of complaints about the baked goods being spoilt and stale.
[20 marks]
State THREE factors that influence consumer behaviour.
[6 marks]
Identify TWO organisations in your country where consumers can seek redress for unfair treatment.
[2 marks]
Outline TWO possible distribution channels that can be used to deliver the baked products to the final consumer.
[4 marks]
Select an appropriate method of transportation for EACH of the following products giving ONE reason for your choice.
[8 marks]
Fresh flowers
[2 marks]
Cement
[2 marks]
Daily newspaper
[2 marks]
Money
[2 marks]
State TWO reasons why an individual may want to set up a business.
[4 marks]
Outline THREE ways in which businesses contribute to the development of a community.
[6 marks]
Define the following terms, giving an example of EACH:
[6 marks]
Public sector
[3 marks]
Private sector
[3 marks]
State TWO reasons why a government may nationalize an industry.
[4 marks]
State the MAIN purpose of a business plan.
[2 marks]
Describe the FOUR elements of a business plan.
[8 marks]
Identify TWO forms of collateral.
[2 marks]
Outline TWO reasons why bankers require collateral from borrowers.
[4 marks]
Explain TWO ways in which unethical business practices impact on the borrower.
[4 marks]
Distinguish between 'standard of living' and 'quality of life'.
[4 marks]
Explain what is meant by an 'increase in real GDP by 2%'.
[3 marks]
Outline THREE factors that could have contributed to an improvement in the country's standard of living.
[6 marks]
Describe TWO ways by which the Gross National Product (GNP) of a country may be measured.
[4 marks]
Discuss how a country can experience an increase in real GDP without an improvement in its standard of living.
[3 marks]
CARICOM has decided to establish a Single Market and Economy for the Caribbean region.
[20 marks]
[6 marks]
Outline THREE advantages of CARICOM's Single Market and Economy.
[6 marks]
Identify ONE major economic problem faced by Caribbean countries and discuss a possible solution to that problem.
[4 marks]
Identify ONE social service provided by the government of your country and explain how that social service contributes to the economic development of your country.
[4 marks]