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.
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wheres the answers
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.
am searching for the answer myself thought i would have gotten it wen i sign up
i use to love accounts but now i dont know what to say anymore its haaaaaaarrd
i want to join the group can i have some instructions plz
cant wait to site pob
wish i knew how to sign up for this thing...........
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.
it is helpful
Thanks to all of you guys this bit of information encourage me to study more hard for my CSEC than what I'm studying right now.I'll use your guide to help me organize my study rules once again Thank you may God Blessing be on all you guys, once man create POB I know I can pass it through Christ who strengthen me :D.
i can do pob but feels i can do better............
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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
I will like to get some further information on the cxcn quides..aand what year the ar for