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Macmillan Education 4 Crinan Street, London, N1 9XW A division of Macmillan Publishers Limited Companies and representatives throughout the world
www.macmillan-caribbean.com
ISBN 978-0-230-48180-0© Caribbean Examinations Council (CXC®) 2018 www.cxc.org www.cxc-store.com
The author has asserted their right to be identified as the author of this work in accordance with the Copyright, Design and Patents Act 1988.
First published 2014
November 2018
Permission to copy The material in this book is copyright. However, the publisher grants permission for copies to be made without fee. Individuals may make copies for their own use or for use by classes of which they are in charge; institutions may make copies for use within and by the staff and students of that institution. For copying in any other circumstances, prior permission in writing must be obtained from Macmillan Publishers Limited. Under no circumstances may the material in this book be used, in part or in its entirety, for commercial gain. It must not be sold in any format.
Designed by Macmillan Publishers Limited Cover design by Macmillan Publishers Limited and Red Giraffe
CSEC® Principles of Business Free Resources
LIST OF CONTENTS
CSEC® Principles of Business Syllabus Extract 3
CSEC® Principles of Business Syllabus 4
CSEC® Principles of Business Specimen Papers and Mark Schemes: 80
Paper 01 81
Key 90
Paper 02 93
Keys and Mark Scheme 112
Paper 032 125
Keys and Mark Scheme 135
CSEC® Principles of Business Subject Reports:
January 2004 143
June 2004 154
January 2005 169
June 2005 180
May/June 2006 195
January 2007 207
May/June 2007 217
January 2008 232
May/June 2008 240
January 2009 251
June 2009 259
January 2010 273
May/June 2010 281
January 2011 294
May/June 2011 311
January 2012 328
May/June 2012 350
January 2013 366
May/June 2013 385
January 2014 401
May/June 2014 417
January 2015 435
May/June 2015 460
January 2016 477
January 2017 488
May/June 2017 497
CSEC® Principles of Business Syllabus Extract
The CSEC® Principles of Business Syllabus engages students in conducting research
which helps to improve their communication and critical thinking skills and creates an
awareness of business ethics and social and economic responsibilities. The syllabus will
not only provide a good foundation for further study of Business at pre-professional and
professional levels, but will assist students in the development of the requisite skills,
competencies, attitudes and values that are critical for success in today’s business
environment. Additionally, the syllabus provides opportunity for students to develop
entrepreneurial and managerial skills necessary to survive and prosper in a local,
regional and global dynamic business environment.
The syllabus is arranged in ten sections consisting of specific objectives and related
content.
Organisational Principles • Section 1 The Nature of Business
• Section 2 Internal Organisational Environment
• Section 3 Establishing a Business
• Section 4 Legal Aspects of Business
Promotion and Logistics • Section 5 Production
• Section 6 Marketing
• Section 7 Logistics and Supply Chain
Finance, Government and Technology
• Section 8 Business Finance
• Section 9 Role of Government in an Economy
• Section 10 Technology and the Global Business Environment
SYLLABUS
PRINCIPLES OF BUSINESS
CXC 08/G/SYLL 17
Caribbean Secondary Education Certificate®
Effective for examinations from May–June 2019
CXC 08/G/SYLL 17
Correspondence related to the syllabus should be addressed to: The Pro-Registrar Caribbean Examinations Council Caenwood Centre 37 Arnold Road, Kingston 5, Jamaica Telephone Number: + 1 (876) 630-5200 Facsimile Number: + 1 (876) 967-4972 E-mail Address: [email protected] Website: www.cxc.org Copyright ©2017 by Caribbean Examinations Council Prince Road, Pine Plantation Road, St Michael BB11091
CXC 08/G/SYLL 17
Contents
RATIONALE .............................................................................................................................................. 1 AIMS….. ................................................................................................................................................... 1 GENERAL OBJECTIVES ............................................................................................................................. 2 SKILLS AND ABILITIES TO BE ASSESSED ................................................................................................... 2 ORGANISATION OF THE SYLLABUS ......................................................................................................... 3 SUGGESTED TIMETABLE ALLOCATION .................................................................................................... 3 APPROACHES TO TEACHING SYLLABUS .................................................................................................. 3 CERTIFICATION ....................................................................................................................................... 4 DEFINITION OF PROFILE DIMENSIONS ................................................................................................. 4 FORMAT OF THE EXAMINATIONS ........................................................................................................... 5 REGULATIONS FOR PRIVATE CANDIDATES ............................................................................................. 6 REGULATIONS FOR RESIT CANDIDATES .................................................................................................. 6 REGULATIONS FOR THE JANUARY SITTING ............................................................................................. 6 SECTION 1: THE NATURE OF BUSINESS ................................................................................................... 8 SECTION 2: INTERNAL ORGANISATIONAL ENVIRONMENT ................................................................... 13 SECTION 3: ESTABLISHING A BUSINESS ................................................................................................ 17 SECTION 4: LEGAL ASPECTS OF BUSINESS ............................................................................................ 22 SECTION 5: PRODUCTION ..................................................................................................................... 25 SECTION 6: MARKETING ........................................................................................................................ 29 SECTION 7: LOGISTICS AND SUPPLY CHAIN .......................................................................................... 34 SECTION 8: BUSINESS FINANCE ............................................................................................................ 38 SECTION 9: ROLE OF GOVERNMENT IN AN ECONOMY ........................................................................ 43
CXC 08/G/SYLL 17
SECTION 10: TECHNOLOGY AND THE GLOBAL BUSINESS ENVIRONMENT ........................................... 47 GUIDELINES FOR THE CONDUCT OF THE SCHOOL-BASED ASSESSMENT IN BUSINESS STUDIES (PRINCIPLES OF ACCOUNTS, PRINCIPLES OF BUSINESS AN ECONOMICS) ............................................ 56 GUIDELINES TO TEACHERS FOR THE ALTERNATIVE TO SCHOOL-BASED ASSESSMENT ........................ 61 GLOSSARY OF BUSINESS TERMS ........................................................................................................... 62
