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    Csec CXC Pob Past Papers January 2010 Paper 02 PDF

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    johnny james
    The document appears to be an exam for a Principles of Business course, as it contains multiple choice and essay questions about business concepts like factors influencing business location choice, improving labor efficiency, economic growth vs development, measures to address a country's balance of payments problem, and ways Caribbean countries benefit from foreign investment. The exam is divided into three sections and instructs students to answer all questions in one section, one question from another section, and one question from the final section.

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    Csec CXC Pob Past Papers January 2010 Paper 02 PDF

    Uploaded by

    johnny james
    654 views5 pages
    The document appears to be an exam for a Principles of Business course, as it contains multiple choice and essay questions about business concepts like factors influencing business location choice, improving labor efficiency, economic growth vs development, measures to address a country's balance of payments problem, and ways Caribbean countries benefit from foreign investment. The exam is divided into three sections and instructs students to answer all questions in one section, one question from another section, and one question from the final section.

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    The document appears to be an exam for a Principles of Business course, as it contains multiple choice and essay questions about business concepts like factors influencing business location choice, improving labor efficiency, economic growth vs development, measures to address a country's balance of payments problem, and ways Caribbean countries benefit from foreign investment. The exam is divided into three sections and instructs students to answer all questions in one section, one question from another section, and one question from the final section.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    654 views5 pages

    Csec CXC Pob Past Papers January 2010 Paper 02 PDF

    Uploaded by

    johnny james
    The document appears to be an exam for a Principles of Business course, as it contains multiple choice and essay questions about business concepts like factors influencing business location choice, improving labor efficiency, economic growth vs development, measures to address a country's balance of payments problem, and ways Caribbean countries benefit from foreign investment. The exam is divided into three sections and instructs students to answer all questions in one section, one question from another section, and one question from the final section.

    Copyright:

    © All Rights Reserved
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    Download as pdf or txt
    of 5

    CARIBBEAN EXAMINATIONS COUNCIL

    SECONDARY EDUCATION CERTIFICATE


    EXAMINATION

    PRINCIPLES OF BUSINESS

    2 hours

    06 JANUARY 2010 (a.m.~

    ~ ,.'
    ..... .......• ~.
    //"

    ,/
    Answer ALL t"e questions in Section I, ONE question in Section II

    I
    and 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 problems
    associated 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 a
    rental office on Main Street in the city.

    (a) Identify FOUR factors that should influence Ms. Vanessa's choice of a business
    location. (4 marks)
    ,
    "

    (b)
    j
    I

    (c)
    i[
    1 (d) Identify TWO forms of technology that are essential for operating a business.
    ( 2 marks)
    t
    I (e)
    !
    \
    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 TWO
    examples of EACH. ( 8 marks)

    (ii) Discuss TWO measures that a country may adopt to address its balance of payments
    problem. ( 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)

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