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Principles of Business Quiz Form 5S Name: ____________________________________

Answer ALL questions carefully.

1. Discuss TWO advantages a business would enjoy by converting from a partnership to a private limited company. (6
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2. Discuss TWO ways in which the government can promote business activity. (6 marks)

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3. Discuss TWO reasons for saving money in a bank as opposed to keeping it at home. (4 marks)

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4. Discuss the following functions of government: (6 marks)

 National Security

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 Maintenance of safe environment for investors

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 Job security

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5. List FOUR requirements of a valid contract. (4 marks)

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6. Distinguish between capital intensive and labour intensive production, giving ONE example of each. (4 marks)

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7. Differentiate between production and productivity. (2 marks)

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8. Describe TWO strategies for resolving conflicts within an organization. (4 marks)

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9. Outline TWO consequences of unethical business practices. (4 marks)

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10. Discuss TWO measures which production managers can implement to bring about greater productivity. (6 marks)

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11. Discuss TWO benefits of Foreign Direct Investment to the host country. (4 marks)

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12. Outline THREE ways in which the government could improve the standard of living of its citizens. (6 marks)

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13. Outline the difference between Logistics and Supply Chain. (2 marks)

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14. State the main aim of the following: (3 marks)

 WTO

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 CARICOM

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 IMF

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15. State TWO economic problems and outline how each can be developed. (4 marks)

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