CSEC Principles of Business Paper 2 May/June 2023 - Free CXC Past Paper with Answers

List FOUR sources of conflict that may arise within an organization.

Describe EACH of the following strategies used by employees to gain the upper hand during periods of conflict.

Outline TWO strategies that could be used by management to resolve conflict within an organization.

Explain TWO legal or ethical principles that business owners should adopt in the operations of a business.

Define the term 'entrepreneur'.

List THREE characteristics of a typical entrepreneur.

Define the term 'collateral'.

List THREE types of collateral.

State TWO government regulations with which the entrepreneur must comply when establishing a business locally. In your response, provide an example of EACH regulation.

Explain TWO ways in which entrepreneurship contributes to the economic development of a country.

Identify TWO factors that must be considered when packaging goods for resale.

List FOUR qualities of successful salespersons.

Describe TWO sales promotion techniques.

Distinguish between a 'cash discount' and a 'trade discount'.

Kylie created a new rhythm of Caribbean soca beats and wants to sell it online to overseas producers.

Explain to Kylie the importance of obtaining the copyright for her music.

Jovan excels in the culinary arts. A new local nut was discovered with high nutritional value and he created a unique dessert, 'NuttyJo', for the young and health conscious.

Explain to Jovan the value of obtaining a trademark for his product.

State TWO functions of EACH of the following intermediaries in the chain of distribution.

Identify TWO links in the distribution chain, other than retailers and wholesalers.

Identify the MOST suitable type of transportation for EACH of the following products.

Meat products from local farm to restaurant

Bricks from construction company to building site

Crude oil from oilfield to refinery

Cars from Country A to Country B

List FOUR problems that may occur in the distribution of goods.

Explain TWO measures that can be implemented to minimize challenges that may occur in the distribution of goods.

Define the term 'standard of living'.

Identify TWO factors that determine a country's standard of living.

Define the term 'rate of infant mortality' as a factor of quality of life.

Describe EACH of the following measures of national income.

Gross national product (GNP)

Gross domestic product (GDP)

State TWO reasons why countries engage in international trade.

Explain TWO ways in which foreign investments could positively impact Caribbean countries.

CSEC Principles of Business Paper 2 May/June 2023 Questions

Question 1 (20 marks)

Question 2

Question 3 (20 marks)

Question 4 (20 marks)

Question 5 (20 marks)