CSEC Principles of Business Paper 2 May/June 2016 - Free CXC Past Paper with Answers

Janice retired after 15 years of working as a loans officer at a commercial bank and has decided to become an entrepreneur.

Define the term 'entrepreneurship'.

State FOUR reasons why a person may start a business.

Identify FOUR stakeholders that could be involved in Janice's business.

Describe TWO types of services Janice may be able to offer given her banking experience.

Explain TWO ways in which Janice's business can benefit the community.

Define the term 'conflict resolution'.

Describe how the following factors can be sources of conflict at the workplace:

Distinguish between 'work to rule' and 'go slow'.

State TWO benefits of mediation as a means of conflict resolution.

Explain ONE way in which management can use EACH of the following guidelines to enhance relationships between management and staff:

Define EACH of the following terms and give ONE example of each:

Outline THREE advantages of borrowing money from a credit union as opposed to a bank.

Identify TWO elements of a business plan.

Explain ONE way in which a business plan is important to EACH of the following stakeholders:

List THREE examples of EACH of the following:

Methods of retailing

Differentiate between 'capital-intensive production' and 'labour-intensive production'.

Outline TWO purposes of branding.

Explain TWO ways in which packaging helps in the marketing of goods.

List THREE sources from which EACH of the following may be obtained:

Short-term financing

Differentiate between 'savings' and 'investment'.

Outline TWO ways in which the Internet has influenced investment activities.

Explain TWO ways in which budgeting helps in managing personal finances.

SECTION III

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

Define the term 'consumer protection'.

Identify TWO social services provided by governments.

Describe ONE way in which governments carry out the following responsibilities:

Protection of the environment

Security of the state

Maintenance of a safe climate for investors

Outline TWO ways in which governments' decision to provide laptops to primary school children can positively impact their education.

Explain how governments use EACH of the following measures to regulate business activities:

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

Define EACH of the following terms:

Describe ONE way in which EACH of the following indicators affects an individual's standard of living:

Quality and availability of employment

Quality and affordable housing

Access to affordable and quality health care

Describe TWO approaches used to measure national income.

Explain how EACH of the following indicators can be used to evaluate the quality of life of citizens in your country:

CSEC Principles of Business Paper 2 May/June 2016 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)