Page 26 - THE CARIBBEAN ADVANCED PROFICIENCY EXAMINATIONS

UNIT 2
MODULE 1: ESSENTIALS OF BUSINESS OWNERSHIP (cont’d)

2. Risk and Benefits

(a) Advantages and disadvantages of each type of venture.

3. Legal and Regulatory Framework

(a) Registration of a venture.

(b) Labour laws.

(c) Tax obligations.

(d) International Standards and Regulations (ISO Standards); Duty of Care (Occupational
Safety and Health Administration (OSHA) and Hazard Analysis and Critical Control
Points (HACCP).

(e) Environmental stewardship.

(f) Intellectual property.

(g) Open innovation.

4. Ethics and Social Responsibility

(a) Importance of business ethics and integrity.

(b) Code of ethics.

(c) Business Etiquette (Contextualised professional business practices).

(d) Corporate Social Responsibility (CSR).

(e) Good corporate governance.

(f) Social entrepreneurship (Social Enterprises, Philanthropic Organisations and
Individuals).

(g) Social Sector Actors/Non-Governmental Organisations (NGOs).

CXC A31/U2/13 21 www.cxc.org