CSEC Principles of Business Paper 2 May/June 2014 - Free CXC Past Paper with Answers

State TWO responsibilities of management to EACH of the following:

<ol> <li>Identify **TWO** sources of conflict within an organization. (2 marks)</li> <li>Describe **TWO** strategies for resolving conflicts within an organization. (4 marks)</li> </ol>

<ol> <li>Outline **ONE** difference between a 'line relationship' and a 'staff relationship' in an organizational chart. (2 marks)</li> <li>Construct an organizational chart to show the line relationship among the following three employees in a business: manager, supervisor of mail delivery, and supervisor of mail sorting. (3 marks)</li> </ol>

Discuss ONE reason why teamwork is important to the success of small businesses.

Define EACH of the following terms:

<ol> <li>Describe **TWO** unethical business practices. (4 marks)</li> <li>Outline **TWO** consequences of unethical business practices. (2 marks)</li> </ol>

State TWO government regulations for the establishment of a business.

Discuss TWO challenges which entrepreneurs usually face when starting their own businesses.

Define EACH of the following terms:

Open market operations

State TWO differences between a commercial bank and a central bank.

Outline TWO factors that a banker will consider when approving a request for a loan.

Discuss TWO ways in which governments can regulate the financial sector in a country.

Differentiate between EACH of the following pairs of terms:

Production and productivity

Subsistence production and domestic production

<ol> <li>Define the term 'capital-intensive production', giving **TWO** examples. (4 marks)</li> <li>State **ONE** advantage and **ONE** disadvantage of capital-intensive production. (2 marks)</li> </ol>

Discuss TWO measures which production managers could implement to bring about greater productivity.

<ol> <li>List **TWO** middlemen in the chain of distribution. (2 marks)</li> <li>Describe **TWO** services performed by middlemen. (4 marks)</li> </ol>

<ol> <li>Describe **TWO** factors that should be considered when choosing a distribution channel. (4 marks)</li> <li>Outline **TWO** benefits of direct distribution. (4 marks)</li> </ol>

Fresh Bloom Farms has decided to export cut flowers. Discuss TWO problems which may affect the distribution of this product.

Define EACH of the following terms:

Economic development

Identify TWO factors which contribute to economic growth.

Outline THREE ways in which a government could improve the standard of living of its citizens.

Discuss TWO measures which governments could implement to correct an adverse balance of payments.

Define EACH of the following terms:

Identify TWO types of unemployment.

Outline THREE ways in which governments can assist private sector businesses.

Discuss TWO benefits of foreign direct investment (FDI) to the host country.

CSEC Principles of Business Paper 2 May/June 2014 Questions

Question 1 (20 marks)

Question 2 (20 marks)

Question 3 (20 marks)

Question 4 (20 marks)

Question 5 (20 marks)

Question 6 (20 marks)

Question 7 (20 marks)