CSEC Principles of Business Paper 2 May/June 2015 - Free CXC Past Paper with Answers

List FOUR functions of a manager.

State THREE guidelines for establishing good relations between management and employees.

Identify THREE characteristics of a good leader.

Differentiate between 'participatory leadership style' and 'autocratic leadership style'.

Explain TWO ways in which an organization can benefit from teamwork.

Define the term 'migration'.

State ONE positive effect and ONE negative effect of migration.

Positive:

Negative:

Outline TWO reasons for migration.

List TWO characteristics of subsistence production.

Explain how 'capital-intensive production' differs from 'labour-intensive production'.

Explain ONE advantage and ONE disadvantage of computer-aided design (CAD) in the production process.

Define the term 'consumer protection'.

List TWO rights of the consumer.

Outline TWO roles of the Bureau of Standards.

State TWO characteristics of the wholesaler as a distributor.

Outline ONE advantage and ONE disadvantage of e-commerce as a method of retailing. Advantage: Disadvantage:

Identify TWO problems related to the distribution of goods.

Outline ONE measure that producers could take to avoid each problems identified.

Define the term 'overdraft'.

List TWO forms of investment.

Outline TWO principles of insurance.

State TWO characteristics of ordinary shares.

Outline ONE advantage and ONE disadvantage of the sou sou (meeting turn) as a form of saving.

Describe TWO measures which a central bank may use to influence the behaviour of commercial banks.

Outline ONE way in which EACH problem identified may be solved.

Define the term 'foreign direct investment' (FDI).

Outline THREE factors that are LIKELY to discourage foreign investors from investing in the Caribbean.

Explain TWO ways in which Caribbean countries benefit from foreign direct investment (FDI).

Answer EITHER Question 6 OR Question 7. Do NOT answer both.

Outline TWO ways in which governments can regulate business activity.

Describe TWO measures which governments can take to protect consumers.

Outline THREE ways in which your country can benefit from improved roads and transportation.

Explain TWO ways in which government could improve the education sector.