TST CSECPobg 01240020 January2023 PDF
TST CSECPobg 01240020 January2023 PDF
TST CSECPobg 01240020 January2023 PDF
TEST CODE 0 1 2 4 0 0 2 0
GENERAL
PROFICIENCY
REGISTRATION NUMBER
SCHOOL/CENTRE NUMBER
NAME OF SCHOOL/CENTRE
‘‘*’’Barcode Area”*”
D D M M Y Y Y Y
Current Bar Code
DATE OF BIRTH
SIGNATURE __________________________________________________
‘‘*’’Barcode Area”*”
Sequential Bar Code
DO
NO
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TH ON
IS
PA
GE
TEST CODE 01240020
FORM TP 2023032 JANUARY 2023
PRINCIPLES OF BUSINESS
2 hours
4. You are advised to take some time to read through the paper and plan your answers.
5. If you need to rewrite any answer and there is not enough space to do so on the
original page, you must use the extra lined page(s) provided at the back of this
booklet. Remember to draw a line through your original answer.
6. If you use the extra page(s) you MUST write the question number clearly in
the box provided at the top of the extra page(s) and, where relevant, include
the question part beside the answer.
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Answer ALL questions.
(i) Customers
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(2 marks)
(ii) Employees
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(2 marks)
(b) Identify TWO stakeholders of a business, other than customers and employees.
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(2 marks)
(c) List FOUR strategies that could be used to motivate employees in a business.
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(4 marks)
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(4 marks)
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(e) For quite some time, the employees of New Harbour Garment Factory have felt frustrated
and shut out as a result of poor communication between themselves and management.
Explain TWO strategies that the management of New Harbour Garment Factory could
implement to improve communication within the organization.
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(6 marks)
Total 20 marks
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(2 marks)
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(2 marks)
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(2 marks)
(b) Describe TWO features which make a hire purchase agreement a type of specialty contract.
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(4 marks)
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(c) Distinguish between the insurance principles ‘utmost good faith’ and ‘indemnity’.
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(4 marks)
(d) Explain TWO unethical practices that a business could engage in which could violate its
contractual obligations to the government and society.
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(6 marks)
Total 20 marks
(i)
Production
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(2 marks)
(ii) Productivity
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(2 marks)
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(b) Identify the type of production that takes place for EACH of the following activities.
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(1 mark)
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(6 marks)
(d) Explain TWO strategies that managers could implement to ensure high levels of
productivity within an organization.
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(6 marks)
Total 20 marks
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4. (a) (i) Define the term ‘market’ as it relates to marketing.
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(2 marks)
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(4 marks)
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(6 marks)
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(d) Explain TWO ways in which businesses could use social media to promote sales.
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(6 marks)
Total 20 marks
5. (a) Other than saving and investing, state TWO ways in which individuals could manage
their personal incomes.
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(2 marks)
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(2 marks)
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(2 marks)
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(c) (i) Identify TWO personal sources of capital for setting up a business.
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(2 marks)
(ii) Distinguish between ‘short-term financing’ and ‘long-term financing’. Give ONE
source of each type of financing.
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(6 marks)
(d) Explain ONE benefit and ONE risk of investing in the stock market.
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(6 marks)
Total 20 marks
END OF TEST
IF YOU FINISH BEFORE TIME IS CALLED, CHECK YOUR WORK ON THIS TEST.
01240020/J/CSEC 2023
‘‘*’’Barcode Area”*”
Sequential Bar Code
- 18 -
DO NOT WRITE IN THIS AREA DO NOT WRITE IN THIS AREA DO NOT WRITE IN THIS AREA
EXTRA SPACE
If you use this extra page, you MUST write the question number clearly in the box provided.
Question No.
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01240020/J/CSEC 2023
‘‘*’’Barcode Area”*”
Sequential Bar Code
- 19 -
DO NOT WRITE IN THIS AREA DO NOT WRITE IN THIS AREA DO NOT WRITE IN THIS AREA
EXTRA SPACE
If you use this extra page, you MUST write the question number clearly in the box provided.
Question No.
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01240020/J/CSEC 2023
‘‘*’’Barcode Area”*”
Sequential Bar Code
- 20 -
DO NOT WRITE IN THIS AREA DO NOT WRITE IN THIS AREA DO NOT WRITE IN THIS AREA
EXTRA SPACE
If you use this extra page, you MUST write the question number clearly in the box provided.
Question No.
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01240020/J/CSEC 2023
‘‘*’’Barcode Area”*”
Sequential Bar Code
- 21 -
DO NOT WRITE IN THIS AREA DO NOT WRITE IN THIS AREA DO NOT WRITE IN THIS AREA
EXTRA SPACE
If you use this extra page, you MUST write the question number clearly in the box provided.
Question No.
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01240020/J/CSEC 2023
‘‘*’’Barcode Area”*”
Sequential Bar Code
- 22 -
DO NOT WRITE IN THIS AREA DO NOT WRITE IN THIS AREA DO NOT WRITE IN THIS AREA
EXTRA SPACE
If you use this extra page, you MUST write the question number clearly in the box provided.
Question No.
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01240020/J/CSEC 2023
‘‘*’’Barcode Area”*”
Sequential Bar Code
DO
NO
W T
RI
TE
TH ON
IS
PA
GE
CANDIDATE’S RECEIPT
INSTRUCTIONS TO CANDIDATE
TEST CODE 0 1 2 4 0 0 2 0
PROFICIENCY GENERAL
REGISTRATION NUMBER
SIGNATURE __________________________________________________________________
DATE ________________________________________________________________________
2. Ensure that this slip is detached by the Supervisor or Invigilator and given to you when you
hand in this booklet.
INSTRUCTION TO SUPERVISOR/INVIGILATOR
Sign the declaration below, detach this slip and hand it to the candidate as his/her receipt for this booklet
collected by you.
I hereby acknowledge receipt of the candidate’s booklet for the examination stated above.
Signature _____________________________
Supervisor/Invigilator
Date _________________________________