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YUVITAJI PRINCIPLES OF BUSINESS/MOB

MONDAY – 23RD October, 2017


3rd period (Entrepreneurship) – “Sensitivity to environmental factors is crucial for an entrepreneur.”
With an appropriate example explain the relevance of the statement.

4th period (5S) AND 7th and 8th period (5L) – May/June 2007 – Question 1 and 2
1. Her parents were present when Daliah’s uncle promised to give her one of the most up to date
cell phones on her eighteenth birthday. On that day, however, her uncle refused to deliver the
cell phone. Daliah was so disappointed that she threatened to sue her uncle for breach of
contract.
 Define the term contract.
 State 3 essential features of a valid simple contract.
 Explain the term breach of contract.
 State whether Daliah would succeed if she sues her uncle.
 Give a reason to justify your answer above.

2. CARICOM has numerous small and micro enterprises.


 Identify 2 criteria used to classify a firm as small in CARICOM countries.
 Outline 2 contributions that small enterprises make to the development of an economy.
 Explain the term cottage industry, giving 2 examples from your country.
TUESDAY 24TH October, 2017

2ND and 3rd periods (Entrepreneurship) –


Sheila has a degree in robotics and she loves to design products. She started her career in ‘Robotech’
which uses high end technology in all their products. Her job profile included travelling a lot also.
Whenever she travelled she noticed that disabled people have difficulty in manoeuvring their
wheelchair from one place to another because in some places ramp is not provided and there is no way
they can walk up the stairs. She came up with an idea of a wheelchair which can be used on stairs easily.
She decided to quit her job and start her own company. She realized that her idea was the first stage in
the process of innovation.
Identify the concept and explain the steps in its process.

3rd period (5S) – May/June 2007 – Question 3


- Define the term market structure.
- State 2 features EACH of perfect competition and monopoly.
- Outline 2 ways in which a monopoly supplier of cellular phones can influence the price of cell
phones.
- Discuss 3 reasons why a government may intervene in a monopoly market.
- Discuss 2 factors that can contribute to a fall in demand for cellular phones in your country.

4th and 5th periods (MOB) –


- Pages 59 and 63 Case Studies

GP (4S) –

7th and 8th periods (Entrepreneurship) –


1. Explain different factors that motivate individuals to become entrepreneurs.
2. Briefly discuss five ways of identifying business opportunities.
3. Illustrate the product lifecycle and the challenges encountered by entrepreneurs at each stage.
WEDNESDAY – 25TH October 2017.

1st period (5S) –


- Explain Limited liability.
- Differentiate between sole trade and partnership.
- Explain the role of government.

3rd- 5th period (Entrepreneurship) –


1. Describe the major changes that create opportunities for entrepreneurs.
2. Briefly explain Joseph Schumpter’s views of innovation as an important dimension of
entrepreneurship.
3. Highlight five internal and five external sources of finance for an aspiring entrepreneur.

6th period (4S) –

8th period (4L) –


THURSDAY 26TH October, 2017

1st period (4S) –

GP (4D) –

8th period (4L) –

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