CSEC Principles of Business Paper 2 May/June 2017 - Free CXC Past Paper with Answers

Define EACH of the following terms:

State TWO economic benefits and TWO social benefits of a business to the community in which it is located. Economic benefits Social benefits

Identify TWO stakeholders of a business and explain the role of EACH.

Describe TWO challenges that a business could encounter when trying to satisfy its ethical role in a community.

State TWO activities performed by EACH of the following managers:

State TWO activities performed by EACH of the following managers: Marketing Production

Distinguish between the 'finance' and 'human resource' (HR) areas of a business.

Describe EACH of the following functions of management:

Explain ONE way in which management fulfils its responsibility to EACH of the following groups of persons:

List THREE examples of technology used by businesses.

Outline TWO ways in which technology may be used to enable businesses to grow.

List THREE functions of a small business.

State TWO challenges and TWO benefits associated with the growth of a business. Challenges Benefits

Explain TWO ways in which the growth of a business affects its organizational structure.

Define the term 'brand name'.

Identify TWO forms of packaging.

State TWO purposes of packaging.

Describe TWO techniques used in selling.

Outline TWO methods which vendors can employ to promote sales.

Explain TWO ways in which the existence of copyright is likely to influence the actions of producers and consumers.

Define the term 'standard of living'.

State THREE factors that can be used to determine (i) quality of life (ii) standard of living.

Describe TWO programmes that Ministries of Education could put in place to foster economic growth and development.

Identify TWO methods that are used to measure a country's national income and explain how EACH method is used.

CSEC Principles of Business Paper 2 May/June 2017 Questions