|
Questions on profile two - Part
1
Yvonne
Harvey, Contributor
 |
|
Members
of the award-winning Herbert
Morrison Technical High School
band, during a practice session
at break recently. - Claudine
Housen Photo
|
HELLO
EVERYONE. Welcome to the first set of
questions, discussion and guideline
answers on profile two. I will begin
by reminding you that the discussion
and guideline answers are from the writer
of this lesson and are not from the
Caribbean Examination Council (CXC),
even though the questions may be past
CXC questions.
The
first question is from past CXC paper
May/June 2002, General. Section ll,
question 7.
Many
governments throughout the Caribbean
region have been encouraging persons
to become entrepreneurs.
(a)
What do you understand by the term
'entrepreneur'? (2 marks)
(b)
Suggest THREE reasons why entrepreneurship
is being encouraged in your
country. (3 marks)
(c)
List THREE characteristics of a successful
entrepreneur. (3 marks)
(d)
Discuss TWO problems an entrepreneur
may encounter. (6 marks)
(e)
Outline how an entrepreneur may overcome
any ONE of the problems discussed
in (c) above. (2 marks)
(f)
List FOUR ways in which governments
may assist entrepreneurs. (4 marks)
Total
20 marks
DISCUSSION
AND GUIDELINE ANSWER
(a)
The entrepreneur is a human factor
of production that is responsible
for organising the other factors of
production and bearing the risks in
production.
(b)
Among the reasons why entrepreneurship
is being encouraged are: entrepreneurship
provides opportunity for self employment,
it also reduces unemployment, it increases
the production of goods and services,
increases the variety of goods and
services produced, Gross National
Product is increased, makes use of
idle skills, and uses up local raw
materials. Any THREE reasons may be
suggested.
(c)
The characteristics of a successful
entrepreneur are many and varied.
They include: ability to work hard,
ability to take calculated risks,
ability to make effective decisions,
ability to organise, ability to motivate
and the ability to think quickly and
clearly in any situation. Again, any
THREE characteristics may be listed.
(d)
The problems of the entrepreneur include:
problems in sourcing capital, lack
of managerial skills, lack of suitable
collateral, inability to assess market
potential, inability to evaluate competition,
lack of appropriate technology and
the inability to procure suitable
machinery and equipment.You should
expand on the TWO problems you choose
to discuss by explaining them and
giving examples.
(e)
You should begin this part of your
answer by stating the problem selected
and then outline your suggestion for
overcoming the problem. For example,
if you select the problem of the difficulty
in sourcing capital, you could suggest
that the entrepreneur explore several
sources of capital and that he even
combine different sources of capital,
such as his own savings, along with
a loan from a bank or credit union.
(f)
The ways in which governments can
assist entrepreneurs include: providing
them with 'soft loans' (loans with
little or no interest), providing
education and training on enterprise
management, giving tax incentives,
providing entrepreneurial consultants
to monitor and assist entrepreneurs,
providing factory shells for them
to operate their businesses in, and
providing markets for their goods
and services. Any FOUR ways can be
listed.
We
will now move on to the second question.
I will give you the question and your
assignment is to prepare an answer
to it. Next week, I will begin by
discussing this question and you can
compare my discussion and guideline
answer with yours. The question is
taken from CXC past paper January
2001, General, Section l, question
2.
For
many years, persons from Caribbean
territories have migrated to Europe
and North America. Very often these
persons only return for holidays or
upon retirement.
(a)
Explain what is meant by migration.
(2 marks).
(b)
State THREE negative effects of migration
on the labour force in your country.
(3 marks).
(c)
Explain TWO positive effects migration
may have on your country (4 marks).
(d)
Identify ONE measure your country
uses to encourage nationals to return.
(1 mark).
Total
10 marks
As
you research this question you may
wish to use the opportunity to revise
the entire topic of migration. This
comes up as you look at labour as
a factor of production. Keep safe
until next week. Bye for now.
*
Yvonne Harvey teaches at Glenmuir
High School.
|
