Principles of Business
Principles of Business
CSEC? PAST PAPERS
Macmillan Education 4 Crinan Street, London, N1 9XW A division of Macmillan Publishers Limited Companies and representatives throughout the world
macmillan-
ISBN 978-0-230-48287-6 AER
? Caribbean Examinations Council (CXC?) 2017 cxc-
The author has asserted their right to be identified as the author of this work in accordance with the Copyright, Design and Patents Act 1988.
First published 2014
This revised edition published November 2017
All rights reserved; no part of this publication may be reproduced, stored in a retrieval system, transmitted in any form, or by any means, electronic, mechanical, photocopying, recording, or otherwise, without the prior written permission of the publishers.
Designed by Macmillan Publishers Limited Cover design by Macmillan Publishers Limited and Red Giraffe Cover photograph ? Caribbean Examinations Council (CXC?) Cover photograph by Mrs Alberta Henry With thanks to the students of the Sir Arthur Lewis Community College, St Lucia: Javan Lewis
CSEC? Principles of Business Past Papers
LIST OF CONTENTS
Paper 02 May/June 2005
4
Paper 03/2 May/June 2005
9
Paper 02 May/June 2006
15
Paper 03/2 May/June 2006
21
Paper 02 May/June 2007
27
Paper 03/2 May/June 2007
33
Paper 02 January 2008
39
Paper 03/2 January 2008
44
Paper 02 May/June 2008
50
Paper 03/2 May/June 2008
54
Multiple Choice
62
Multiple Choice ? MS
71
Paper 02 January 2009
72
Paper 03/2 January 2009
76
Paper 02 May/June 2009
84
Paper 03/2 May/June 2009
88
Paper 02 January 2010
95
Paper 03/2 January 2010
100
Paper 02 May/June 2010
106
Paper 03/2 May/June 2010
110
Paper 02 January 2011
117
Paper 03/2 January 2011
121
Paper 02 May/June 2011
129
Paper 03/2 May/June 2011
133
Paper 02 January 2012
141
Paper 03/2 January 2012
146
Paper 02 May/June 2012
152
Paper 03/2 May/June 2012
157
Paper 02 January 2013
165
Paper 03/2 January 2013
171
Paper 02 May/June 2013
179
Paper 03/2 May/June 2013
184
Paper 02 May/June 2014
191
Paper 03/2 May/June 2014
196
Paper 02 May/June 2015
203
Paper 03/2 May/June 2015
223
Paper 02 January 2016
232
Paper 03/2 January 2016
255
Paper 02 May/June 2016
263
Paper 032 May/June 2016
281
Paper 02 January 2017
291
Paper 03/2 January 2017
311
Paper 02 May/June 2017
323
Paper 032 May/June 2017
343
FORM TP 2005131
TEST CODE 01240020
MAY/JUNE 2005
CARIBBEAN EXAMINATIONS COUNCIL
SECONDARY EDUCATION CERTIFICATE EXAMINATION
PRINCIPLES OF BUSINESS
Paper 02 - General Proficiency
2ihours
( 31 MAY 2005 (a.m.))
Answer ALL questions in Section I and THREE questions in Section II as indicated.
DO NOT TURN THIS PAGE UNTIL YOU ARE TOLD TO DO SO
01 240020/F 2005
Copyright ? 2004 Caribbean Examinations Council. All rights reserved.
- 2-
SECTION I
Answer ALL THREE questions in this section.
1.
(a) Identify TWO ways by which government can regulate the setting up of businesses.
( 2marks)
(b) What is the significance of the word, 'Limited', in the name of a company? ( 2 marks)
(c) State the MAIN purpose of EACH of the following documents:
(i) Memorandum of Association
(ii) Articles of Association
(iii) Partnership Agreement
( 6 marks)
Total 10 marks
2.
"The way capital and labour are combined determines the productivity of business".
(a) Define 'productivity'.
( 2marks)
(b) What is meant by 'capi tal '?
( 2 marks)
(c) Discuss THREE strategies which can be used to increase the efficiency of labour. ( 6 marks)
Total 10 marks
3.
(a) Define the term, 'supply' , in economic terms.
( 2marks)
{b) Explain THREE factors, other than price, that may cause an increase in the supply of beef. ( 6 marks)
(c) Outline THREE factors. other than price, that may cause a decrease in the demand for ice-
cream.
( 6 marks)
(d) Discuss THREE ways in which producers or consumers may influence the price of cheese. ( 6marks)
Total 20 marks
0 1240020/F 2005
GO ON TO THE NEXT PAGE
-3 -
SECTION II
Answer THREE questions in this section as indicated. ORGANIZATIONAL PRINCIPLES
Answer EITHER Question 4 or Question 5. Do NOT answer both.
4.
In 10 years, the Fair Deal Supermarket (FDS) Ltd. has grown from one shop to 8 branches. As
a result of this expansion, management decided to introduce a Management Information System
(MIS).
(a) What is the role of a Management Information System (MIS)?
( 2marks)
(b) Explain EACH of the following functions of management: (i) Planning (ii) Controlling
(iii) Co-ordinating
(6marks)
(c) Identify TWO problems FDS Ltd. may face, as a result of the expansion. (4marks)
(d) State TWO ways in which FDS Ltd. can utilize MIS in its personnel department. ( 4 marks)
(e) Outline TWO benefits which FDS Ltd. can obtain from utilizing a MIS. ( 4 marks)
Total 20 marks
5.
(a) State THREE functions of a business.
( 3 marks)
(b) Identify THREE differences between a market economy and a planned economy. ( 6marks)
(c) Name a country which has:
(i) A planned economy
(ii) A mixed economy.
(2marks)
(d) List THREE methods of internal communication used in an organization. (3 marks)
(e)
(i) Evaluate the effectiveness of ONE method listed in (d) above.
(2 marks)
(ii) Outline TWO reasons why an effective communication flow is important to an
organization.
( 4 marks)
Total 20 marks
01240020/F 2005
GO ON TO THE NEXT PAGE
-4 -
PRODUCTION AND MARKETING
Answer EITHER Question 6 OR Question 7. Do NOT answer both.
6.
"Today there is need to diversify the economies of Caribbean territories, but the migration of skilled
personnel makes this very difficult".
(a) Explain the meaning of the terms 'diversification' and 'migration' .
( 4marks)
(b) State THREE reasons why skilled workers migrate.
( 6marks)
(c) Suggest TWO actions that the government of your country can take to discourage the
migration of skilled personnel.
( 4 marks)
(d) Discuss TWO ways in which the migration of skilled personnel affects diversification. ( 6 marks)
Total 20 marks
7. A firm is importing a new brand ofdisposable diapers for sale locally. There are many different brands available locally. You are asked for advice on marketing the product.
(a) Outline the purpose of a market research.
( 2marks)
(b) Discuss FOUR factors that must be considered when marketing the new product. ( 8marks)
(c) What is meant by 'sales promotion'?
( 2marks)
(d) Justify TWO sales promotion techniques you are likely to use for this product. ( 8marks)
Total 20 marks
01240020/F 2005
GO ON TO THE NEXT PAGE
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