CXC Principles of Business Exam guide: Section 1: The Nature of Business
CXC CSEC Principles of Business Exam Guide
Profile 1: Organizational Principles
Section 1: The Nature of Business
The students should be able to:
Explain terms and concepts related to business;
Definition and explanation of the following terms and concepts:
|2.||Trace the development of instruments of exchange;
Brief history of trading instruments from subsistence economy to money economy, including the use of the following:
(a) bills of exchange
(b) credit cards
(c) electronic transfer
(d) tele-banking and e-commerce
State reasons why an individual may want to establish a business;
Reasons for establishing a business
Describe the various forms of business organizations and arrangements;
Forms of business organizations and arrangements: definition, formation and management of:
(a) sole trader
(d) companies (including conglomerates and multi-nationals)
(f) state corporations and nationalized industries
(g) local and municipal authorities
(j) concept of private and public sectors
|5.||Differentiate among the different economic systems;
Types of economic systems:
(a) traditional (subsistence)
(b) command or planned (socialist)
(c) free or capitalist
(d) mixed (public and private)
|6.||Identify the stakeholders involved in business activities;
Owners, employees, customers and all other members of society
Discuss the role of the stakeholders involved in business activities;
Role of employers, employees, consumers and government.
|8.||Outline the functions of a business;||
Functions of a business in satisfying needs and wants through the provision of goods and services.
Describe the role of business within a community.
Economic, financial, social, political and ethical.
what is a brief history of trading instrument from subsistence economy to money economy with the use of bill exchange, credit cards, electronic transfer, telebanking, and e-commerce.
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Are you allowed a dictionary in these subjects
its exam no in school be real
No, you are not allowed to carry a dictionary into the CXC CSEC exams.
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write a brief history of of trading instruments from subsistenence economy to money economy
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When are you doing your exam
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