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Principles of Business For CSEC®: 2nd Edition

This document contains sample test questions and an essay question from the textbook "Principles of Business for CSEC®, 2nd edition" about technology and the global business environment. The multiple choice questions cover topics like e-commerce, databases, reasons for international trade, and the Caribbean Single Market and Economy. The essay question asks students to identify goods exported by CARICOM countries, explain reasons for international trade related to climate, resources and production capacity, define foreign investment, and discuss disadvantages of foreign direct investment for Caribbean countries.

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yuvita prasad
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70 views3 pages

Principles of Business For CSEC®: 2nd Edition

This document contains sample test questions and an essay question from the textbook "Principles of Business for CSEC®, 2nd edition" about technology and the global business environment. The multiple choice questions cover topics like e-commerce, databases, reasons for international trade, and the Caribbean Single Market and Economy. The essay question asks students to identify goods exported by CARICOM countries, explain reasons for international trade related to climate, resources and production capacity, define foreign investment, and discuss disadvantages of foreign direct investment for Caribbean countries.

Uploaded by

yuvita prasad
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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Principles of Business for CSEC®

2nd edition

Chapter 10: Technology and the global business


environment
The following test paper contains four multiple-choice questions, to help you prepare for
Paper 1, and one essay question, to help you prepare for Paper 2. If you decide to complete the
paper under exam conditions, you should give yourself no longer than 30 minutes to complete all
questions.

1. Which of the following is an example of e-commerce?


(A) Using a graphics package for computer-aided design
(B) Preparing a presentation using PowerPoint or Prezi
(C) Accessing sales records from a customer database
(D) Selling goods through a website
(1 mark)

2. Microsoft Access is an example of:


(A) A spreadsheet program
(B) A database program
(C) Presentation software
(D) Accounting software
(1 mark)

3. A reason why Barbados engages in international trade is because:


(A) Barbados has an abundant supply of natural resources
(B) The country wants to purchase imports that are cheaper than home-produced goods
(C) The country can secure development funds from the World Bank
(D) Barbados is not part of the CARICOM group of Caribbean nations
(1 mark)

4. The free trade area within CARICOM is known as the:


(A) Caribbean Development Bank (CDB)
(B) Organization of American States (OAS)
(C) Caribbean Single Market and Economy (CSME)
(D) World Trade Organization (WTO)
(1 mark)

1 Principles of Business for CSEC®, 2nd edition © Oxford University Press 2019
Chapter 10: Technology and the global business environment

5. (a) Identify three (3) goods that CARICOM countries export.


(3 marks)
(b)
Outline why the following are reasons for international trade.
(i)  Climate


(2 marks)
(ii) 
Limited resources


(2 marks)
(iii) 
Capacity to produce


(2 marks)

2 Principles of Business for CSEC®, 2nd edition © Oxford University Press 2019
Chapter 10: Technology and the global business environment

(c)
Caribbean countries depend on foreign investment to bring additional capital and skills
into the region. They have to compete with Latin American countries for the foreign
investment since Latin America has lower wages and weaker trade unions.
(i)  Explain the term “foreign investment”.


(3 marks)
(ii) 
Explain why higher wages and stronger trade unions in the Caribbean can discourage
foreign investment.


(2 marks)
(d) Discuss two (2) ways in which Caribbean countries are disadvantaged by foreign direct
investment.


(6 marks)

3 Principles of Business for CSEC®, 2nd edition © Oxford University Press 2019 (24 marks)

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