Professional Documents
Culture Documents
Principles of Business For CSEC®: 2nd Edition
Principles of Business For CSEC®: 2nd Edition
Principles of Business For CSEC®: 2nd Edition
2nd edition
1 Principles of Business for CSEC®, 2nd edition © Oxford University Press 2019
Chapter 10: Technology and the global business environment
6. Large numbers of people benefit from using ICT, e.g. to find information for school study, to
access information about medical conditions, to access news media, etc. Medical staff in
hospitals are able to carry around electronic devices which signal that their urgent attention
is required to deal with medical emergencies. The police force while on patrol are able to
keep in contact with each other and with headquarters. People are able to keep in contact
with relatives abroad, e.g. through Skype, Facebook and other networking applications and
sites. They can benefit from goods that are produced to higher specifications as a result of
computer aided design and computer aided manufacturing.
7. There are a number of negative impacts of the use of ICT by business including:
• exposure to unwanted advertising when browsing the Internet
• companies holding personal details about users (although there is legislation governing
this)
• the need to recycle discarded computers and any harmful ingredients that they may
contain
• unscrupulous businesses (and individuals) using the Internet to contact and scam
people.
2 Principles of Business for CSEC®, 2nd edition © Oxford University Press 2019
Chapter 10: Technology and the global business environment
3 Principles of Business for CSEC®, 2nd edition © Oxford University Press 2019
Chapter 10: Technology and the global business environment
4 Principles of Business for CSEC®, 2nd edition © Oxford University Press 2019
Chapter 10: Technology and the global business environment
5 Principles of Business for CSEC®, 2nd edition © Oxford University Press 2019
Chapter 10: Technology and the global business environment
6 Principles of Business for CSEC®, 2nd edition © Oxford University Press 2019
Chapter 10: Technology and the global business environment
2. The implications of FDI for Caribbean sovereignty are that some of the control would be
taken away and put into foreign hands (such as the owners and investors of businesses).
3. A foreign energy company with a proven track record would be good because it has been
proved to be successful, it would create jobs for the local community, and new forms of
energy would potentially reduce the emission of harmful greenhouse gases.
4. Business in action: This will be unique for each student.
Paper 2
1. (a) E-commerce refers to the buying and selling that takes place via the Internet. For
example, many businesses establish retailing websites enabling them to take electronic
orders and payments from customers who access their online store (website).
7 Principles of Business for CSEC®, 2nd edition © Oxford University Press 2019
Chapter 10: Technology and the global business environment
8 Principles of Business for CSEC®, 2nd edition © Oxford University Press 2019
Chapter 10: Technology and the global business environment
(ii) The food that individuals eat and the nutritional value of their diets will determine if
individuals are able to function properly. Those with poor diets will have a reduced
quality of life.
(b) Answers could include any two of the following:
• To improve cooperation in different industries
• To bolster the economic and social development of member countries
• To coordinate foreign policies
(c) CARICOM established the Caribbean Examinations Council to facilitate academic
qualifications throughout the region. This has rationalised the education system
and means that everyone has access to the same qualifications at different levels of
education.
(d) Education allows individuals to gain skills and knowledge, thereby increasing human
capital. Individuals are able to get better jobs and use information to solve problems
in society. They become more productive, especially if they use technology. Increasing
productivity results in greater output and leads to economic growth.
4. (a) (i) S tandard of living refers to how much income people earn and how much spending
they can do with this income. It measures consumption of goods and services or
material items.
(ii) Quality of life refers to the extent to which a country enjoys its wealth. It measures
access to non-material aspects of life.
(b) Answers could include any four of the following:
• Level of consumption of goods and services
• Average disposable income of the population
• Level of national ownership of capital equipment
• Access to modern technology
• Level of investment in research and technology
(c) Gross domestic product (GDP) refers to the market value of the final goods and services
produced within a country in a given period. Gross national product (GNP) refers to the
market value of the final goods and services produced by the resources of a country.
With GDP the goods and services are produced within the physical boundaries of the
country and can be made by foreign or domestic resources. With GNP the goods and
services are produced by the resources of the country whether domestically or abroad.
(d) Increasing national income will increase the quality of life. Individuals will be able to
afford more healthcare, educational and recreational facilities. Individuals will also be
able to afford better diets.
9 Principles of Business for CSEC®, 2nd edition © Oxford University Press 2019