POB January 2010
-
Upload
shinelli-jogie -
Category
Documents
-
view
303 -
download
1
description
Transcript of POB January 2010
CARIBBEAN EXAMINATIONS COUNCIL
SECONDARY EDUCATION CERTIFICATEEXAMINATION
PRINCIPLES OF BUSINESS
2 hours
06 JANUARY 2010 (a.m.~
.....~.......• ~. ,.'//"
I,/
Answer ALL t"e questions in Section I, ONE question in Section IIand ONE question in Section ill as indicated.
( p~DO NO TURN THIS PAGE UNTIL YOU ARE TOLD TO DO SO.
G (a)
(iii) Explain TWO ways in which the use of money can overcome the problemsassociated with barter. (4marks)
(c) Outline TWO ways in which a free market economy differs from a planned or com-mand economy. (4marks)
(b) State TWO reasons why individuals may decide to start their own business.( 2 marks)
(c) Explain TWO differences between long-term planning and short-term planning.( 4 marks)
3. Ms. Vanessa operates a bike rental business from her home, but is contemplating opening arental office on Main Street in the city.
(a) Identify FOUR factors that should influence Ms. Vanessa's choice of a businesslocation. (4 marks)
," (b)jI
i (c)
[(d)1
tI (e)!
Identify TWO forms of technology that are essential for operating a business.( 2 marks)
\Surplus\
State TWO ways in which the efficiency of labour can be improved.
(d) Discuss TWO factors that can impact negatively on the productivity of workers.( 6 marks)
(b) Distinguish between 'economic growth' and 'economc development', giving TWOexamples of EACH. ( 8 marks)
(ii) Discuss TWO measures that a country may adopt to address its balance of paymentsproblem. ( 6 marks)
Outline THREE factors that could discourag~ FDI from coming to the Caribbean.( 6 marks)
Discuss TWO ways in which Caribbean countries benefit from foreign investments.( 6 marks)