CSEC Principles of Business Paper 2 May/June 2024 - Free CXC Past Paper with Answers

Joanna recently graduated from university with a degree in management studies and wants to operate her own business.

List FOUR management functions that Joanna would be expected to perform in the business.

State TWO responsibilities that Joanna's business would have to EACH of the following stakeholders.

State FOUR guidelines, other than effective communication, that Joanna should follow in order to establish and maintain good management and staff relations.

Explain TWO strategies for effective communication that Joanna should utilize in the management of the business.

Paul and Josh exchanged the following text messages.

Paul: Need a deejay for my party on 15th August. Are you available? Will pay $6000. Josh: Yes, I am available and would love to do it. Can you increase the payment to $6500? Paul: Glad you're available. Will get back to you regarding the fee.

There was no further communication between Paul and Josh and on 15th August, Josh arrived at the party ready to perform. Josh was furious when Paul informed him that another deejay was hired and he threatened to sue Paul for breach of contract.

Define the term 'contract'.

Identify the characteristic of a simple contract highlighted in the case above.

Describe TWO characteristics of a simple contract, other than that cited in the case above.

State whether Josh is likely to succeed if he takes legal action against Paul.

Provide an explanation to support your answer in (b) (i).

List THREE characteristics of a specialty contract.

Explain, with the use of suitable examples, TWO ways by which a contract may be terminated or discharged.

State TWO factors of production.

Identify ONE major natural resource found in the Caribbean.

State ONE industry developed from the natural resource identified in (b) (i).

The table below describes four different production activities.

Complete the table to show the classification of EACH activity by type of production and level of production. An example has been provided for you.

The general manager of Premium Chocolate Factory made the following statement to the board of directors.

"Production for the year 2021 was up 15% over the previous year, but overall productivity declined by 10%".

Explain the meaning of the statement above, clearly differentiating between 'production' and 'productivity'.

Define EACH of the following terms.

List the FOUR elements of the traditional marketing mix.

Describe EACH of the following marketing activities. State ONE example of EACH activity.

The COVID-19 pandemic presented Pat with a business opportunity to manufacture and sell hand sanitizers. Initially she was extremely optimistic, as she thought that the demand for her product would have been great. After one year in operation, Pat was disappointed that the sales of her hand sanitizers were not as she expected.

Explain TWO factors that may have influenced the consumers' response to Pat's hand sanitizers.

State FOUR ways in which information and communications technology (ICT) has influenced banking and finance operations.

Identify TWO computer software programs designed for use in business.

Distinguish between 'e-business' and 'e-commerce'.

State FOUR ways in which ICT could improve the operations of a business.

The unethical use of ICT poses a significant challenge to businesses. One such issue is that of privacy.

Explain TWO issues related to privacy that have arisen due to the unethical use of ICT.

CSEC Principles of Business Paper 2 May/June 2024 Questions

Question 1 (20 marks)

Question 2 (20 marks)

Question 3 (14 marks)

Question 4 (20 marks)

Question 5 (20 marks)