CXC Principles of Business Exam guide: Section 1: The Nature of Business
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CXC CSEC Principles of Business Exam Guide Profile 1: Organizational Principles Section 1: The Nature of Business |
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SPECIFIC OBJECTIVES The students should be able to: |
CONTENT
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| 1. |
Explain terms and concepts related to business; |
Definition and explanation of the following terms and concepts: (a) enterprise (b) entrepreneurship (c) barter (d) profit (e) loss (f) trade (g) organization (h) economy (i) producer (j) consumer (k) exchange (l) goods (m) services (n) market (o) commodity (p) capital (q) labour (r) specialization |
| 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 |
| 3. |
State reasons why an individual may want to establish a business; |
Reasons for establishing a business |
| 4. |
Describe the various forms of business organizations and arrangements;
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Forms of business organizations and arrangements: definition, formation and management of: (a) sole trader (b) partnerships (c) co-operatives (d) companies (including conglomerates and multi-nationals) (e) franchises (f) state corporations and nationalized industries (g) local and municipal authorities (h)government departments (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;
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Owners, employees, customers and all other members of society |
| 7. |
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. |
| 9. |
Describe the role of business within a community. |
Economic, financial, social, political and ethical. |
principles of business
write a brief history of of trading instruments from subsistenence economy to money economy
Principle Of Business (POB)
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business subjects
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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I will like to get some further information on the cxcn quides..aand what year the ar for