Principles of Business BusinessPrinciples fBusi

Caribbean Examinations Council

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pnclieepsslseoPsfrBoinfuB SYLLABUS SPECIMEN PAPER MARK SCHEME SUBJECT REPORTS

Macmillan Education 4 Crinan Street, London, N1 9XW A division of Macmillan Publishers Limited Companies and representatives throughout the world

macmillan-

ISBN 978-0-230-48180-0

? Caribbean Examinations Council (CXC?) 2015 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 version published 2015

Permission to copy The material in this book is copyright. However, the publisher grants permission for copies to be made without fee. Individuals may make copies for their own use or for use by classes of which they are in charge; institutions may make copies for use within and by the staff and students of that institution. For copying in any other circumstances, prior permission in writing must be obtained from Macmillan Publishers Limited. Under no circumstances may the material in this book be used, in part or in its entirety, for commercial gain. It must not be sold in any format.

Designed by Macmillan Publishers Limited Cover design by Macmillan Publishers Limited and Red Giraffe

CSEC? Principles of Business Free Resources

LIST OF CONTENTS

CSEC? Principles of Business Syllabus Extract

4

CSEC? Principles of Business Syllabus

5

CSEC? Principles of Business Specimen Papers and Mark Schemes/Keys

63

Paper 02 01240020/SPEC

53

Paper 02 01240020/SPEC

74

Paper 03/2 01240032/SPEC

79

CSEC? Principles of Business Subject Reports

January 2004

94

June 2004

105

January 2005

121

June 2005

132

May/June 2006

147

January 2007

159

May/June 2007

169

January 2008

184

May/June 2008

192

January 2009

203

May/June 2009

211

January 2010

225

May/June 2010

233

January 2011

246

May/June 2011

263

January 2012

280

May/June 2012

302

January 2013

318

May/June 2013

337

January 2014

353

May/June 2014

369

January 2015

387

Principles of Business Syllabus Extract

Principles of Business focuses on the theoretical and practical aspects of business activities. It provides a framework to assist in more informed decision-making by individuals in their role of producers or consumers. This syllabus provides opportunity for students to develop entrepreneurial and managerial skills necessary to survive and prosper in a local, regional and global dynamic business environment. It also engages students in conducting research which helps to improve their communication and critical thinking skills and creates an awareness of business ethics and social responsibilities.

The Principles of Business syllabus is arranged into 10 sections:

Profile Dimension 1 ? Organisational Principles

? Section 1 ? Section 2 ? Section 3 ? Section 4

The Nature of Business Internal Organisational Environment Establishing a Business Legal Aspects of Business

Profile Dimension 2 ? Production, Marketing and Finance

? Section 5 ? Section 6 ? Section 7

Production Marketing Business Finance

Profile Dimension 3 ? The Business Environment

? Section 8 ? Section 9 ? Section 10

Role of Government in an Economy Social Accounting and Global Trade Regional and Global Business Environment

CARIBBEAN EXAMINATIONS COUNCIL

Caribbean Secondary Education Certificate ? CSEC

PRINCIPLES OF BUSINESS SYLLABUS

Effective for examinations from May/June 2008 Including 2009 amendments

CXC 08/G/SYLL 06

Published by the Caribbean Examinations Council.

All rights reserved. No part of this publication may be reproduced, stored in a retrieval system, or transmitted in any form, or by any means electronic, photocopying, recording or otherwise without prior permission of the author or publisher.

Correspondence related to the syllabus should be addressed to:

The Pro-Registrar Caribbean Examinations Council Caenwood Centre 37 Arnold Road, Kingston 5, Jamaica, W.I.

Telephone: (876) 630-5200 Facsimile Number: (876) 967-4972 E-mail address: cxcwzo@ Website:

Copyright ? 2006, by Caribbean Examinations Council The Garrison, St Michael BB14038, Barbados

CXC 08/G/SYLL 06

2

Contents

RATIONALE...........................................................................................................................................................1 AIMS ........................................................................................................................................................................1 GENERAL OBJECTIVES ......................................................................................................................................2 SKILLS AND ABILLITIES TO BE ASSESSED ....................................................................................................2 STRUCTURE AND ORGANIZATION OF THE SYLLABUS..........................................................................3 SUGGESTED TIME-TABLE ALLOCATION......................................................................................................3 CERTIFICATION ..................................................................................................................................................3 FORMAT OF THE EXAMINATIONS .................................................................................................................4 - 5 SECTION 1 - THE NATURE OF BUSINESS......................................................................................................6 - 8 SECTION 2 - INTERNAL ORGANIZATIONAL ENVIRONMENT................................................................9 - 11 SECTION 3 - ESTABLISHING A BUSINESS ...................................................................................................12 - 14 SECTION 4 - LEGAL ASPECTS OF BUSINESS ..............................................................................................15 - 16 SECTION 5 - PRODUCTION ............................................................................................................................17 - 19 SECTION 6 - MARKETING ................................................................................................................................20 - 25 SECTION 7 - BUSINESS FINANCE ..................................................................................................................26 - 27 SECTION 8 - ROLE OF GOVERNMENT IN AN ECONOMY .....................................................................28 - 29

CXC 08/G/SYLL 06

3

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