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 ®) 2015 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 This revised version published 2015 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 4 CSEC® Principles of Business Syllabus 5 CSEC® Principles of Business Specimen Papers and Mark Schemes/Keys 63 Paper 02 01240020/SPEC 53 Paper 02 01240020/SPEC 74 Paper 03/2 01240032/SPEC 79 CSEC® Principles of Business Subject Reports January 2004 94 June 2004 105 January 2005 121 June 2005 132 May/June 2006 147 January 2007 159 May/June 2007 169 January 2008 184 May/June 2008 192 January 2009 203 May/June 2009 211 January 2010 225 May/June 2010 233 January 2011 246 May/June 2011 263 January 2012 280 May/June 2012 302 January 2013 318 May/June 2013 337 January 2014 353 May/June 2014 369 January 2015 387 Principles of Business Syllabus Extract Principles of Business focuses on the theoretical and practical aspects of business activities. It provides a framework to assist in more informed decision-making by individuals in their role of producers or consumers. This 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. It also engages students in conducting research which helps to improve their communication and critical thinking skills and creates an awareness of business ethics and social responsibilities. The Principles of Business syllabus is arranged into 10 sections: Profile Dimension 1 – Organisational Principles • Section 1 The Nature of Business • Section 2 Internal Organisational Environment • Section 3 Establishing a Business • Section 4 Legal Aspects of Business Profile Dimension 2 – Production, Marketing and Finance • Section 5 Production • Section 6 Marketing • Section 7 Business Finance Profile Dimension 3 – The Business Environment • Section 8 Role of Government in an Economy • Section 9 Social Accounting and Global Trade • Section 10 Regional and Global Business Environment CARIBBEAN EXAMINATIONS COUNCIL Caribbean Secondary Education Certificate CSEC ® PRINCIPLES OF BUSINESS SYLLABUS Effective for examinations from May/June 2008 Including 2009 amendments CXC 08/G/SYLL 06