CSEC Principles of Business Paper 2 May/June 2018 - Free CXC Past Paper with Answers

Define the term 'organizational chart'.

State TWO rules that should be followed when constructing organizational charts.

Construct a simple line organizational chart showing THREE levels and THREE positions for a small private limited company.

List THREE duties of a personnel or human resource manager.

Suggest THREE potential causes of conflict within an organization. Explain TWO strategies that could be used to resolve conflict within an organization.

Michelle invented a unique household product and wants to start her own business. List FOUR characteristics she should display as an entrepreneur.

Outline EACH of the following roles of the entrepreneur.

Paul and his partner are seeking to establish a business. For EACH of the following statements, identify the step they have taken. (i) Paul came up with an idea to place custom designs on sports cars. (ii) Paul met with his partner and determined how much raw material and capital, and how many workers they would need to start the business. (iii) The partners went around the community asking people if they would be interested in having custom designs on their cars and how much they would be willing to pay. (iv) The partners created a document which summarized the production, marketing and financial elements of the business to present to potential investors.

Paul came up with an idea to place custom designs on sports cars.

Paul met with his partner and determined how much raw material and capital, and how many workers they would need to start the business.

The partners went around the community asking people if they would be interested in having custom designs on their cars and how much they would be willing to pay.

The partners created a document which summarized the production, marketing and financial elements of the business to present to potential investors.

Describe ONE key functional area of a business.

Explain TWO ways in which planning can improve the operation or success of a business.

Define EACH of the following terms.

Identify TWO factors that can affect the supply of labour to a business.

Describe TWO factors that can influence the productivity of labour.

Differentiate between 'subsistence production' and 'domestic production'.

Explain ONE positive and ONE negative impact on a business, which result from improvements in technology.

Positive impact

Negative impact

List FOUR marketing activities.

Outline TWO elements of the traditional marketing mix.

Describe EACH of the following methods of promoting sales.

Public relations (PR)

Kevin and Mala have been thinking of setting up a cellphone and accessories business together.

Define the term 'retailing'.

Describe THREE suitable types of retail outlets that Kevin and Mala could consider setting up.

State ONE major function of EACH of the following economic institutions.

Caribbean Community (CARICOM)

World Trade Organization (WTO)

Outline ONE way in which governments can alleviate EACH of the following economic problems.

Define the term 'economic dualism'.

Outline TWO benefits of obtaining foreign direct investment (FDI).

Explain TWO ways in which Caribbean governments can assist in the development of the manufacturing sector of their countries.

CSEC Principles of Business Paper 2 May/June 2018 Questions

Question 1 (20 marks)

Question 2 (20 marks)

Question 3 (20 marks)

Question 4 (20 marks)

Question 5 (22 marks)