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2.1 Name any THREE types of benefits paid out by the Unemployment Insurance Fund (UIF) - NSC Business Studies - Question 2 - 2021 - Paper 2
Question 2
2.1 Name any THREE types of benefits paid out by the Unemployment Insurance Fund (UIF). 2.2 Outline factors that should be considered by the presenter while present... show full transcript
Worked Solution & Example Answer:2.1 Name any THREE types of benefits paid out by the Unemployment Insurance Fund (UIF) - NSC Business Studies - Question 2 - 2021 - Paper 2
Step 1
Step 2
Outline factors that should be considered by the presenter while presenting.
Answer
When presenting, a presenter should consider the following factors:
- Establish credibility: Introduce yourself at the start to build trust.
- Highlight key points: Make the main points of the presentation clear at the beginning.
- Use visual aids: Incorporate visual aids to enhance understanding and retention.
- Engage the audience: Capture attention with interactive elements or questions.
- Maintain clarity: Use clear and straightforward language to avoid confusion.
- Practice the presentation: Rehearse to ensure smooth delivery and reduce anxiety.
Step 3
Identify TWO types of preference shares offered by RL. Motivate your answer by quoting from the scenario above.
Answer
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Non-cumulative preference shares: These are shares that do not allow shareholders to receive past dividends if they are not paid out in a given year. This is indicated in the scenario where it mentions that "Some shareholders bought shares that will not allow them to receive past dividends."
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Participating preference shares: These are shares that allow shareholders to share in the surplus profit of the business. The scenario states, "Others chose shares that allowed them to share in the surplus profit of the business."
Step 4
Explain the difference between the democratic and autocratic leadership styles.
Answer
Democratic and autocratic leadership styles differ primarily in decision-making processes.
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Democratic Leadership: In this style, the leader encourages team participation in decision-making. It involves clear communication and valuing the members' input, promoting a sense of involvement and motivation among followers.
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Autocratic Leadership: Conversely, an autocratic leader makes decisions unilaterally without consulting team members. This style can lead to quick decisions, but may also result in a lack of team morale and engagement.
Step 5
Identify the visual aid that Samantha used in her presentation. Motivate your answer by quoting from the scenario above.
Answer
Samantha used a PowerPoint/Data projector as the visual aid for her presentation. This is confirmed in the scenario where it states, "She decided to use slides that were projected on a screen during her presentation."
Step 6
Explain the advantages of the visual aid identified in QUESTION 2.5.1.
Answer
The advantages of using a PowerPoint/Data projector include:
- Visual engagement: Graphic programs can convey ideas effectively and enhance understanding.
- Clarity: PowerPoint allows for well-organized information, making complex data simpler to digest.
- Audience attention: Visually appealing slides can grab and maintain the audience’s interest more effectively than solely verbal presentations.
Step 7
Discuss how the following criteria could contribute to the success and/or failure of a sole trader:
Answer
2.6.1 Taxation: The owner's income is taxed at a lower rate than the company tax rate, which can lead to financial advantages for the sole trader, contributing to their success. Conversely, high personal taxes can reduce disposable income leading to financial strain.
2.6.2 Division of profits: As all profits belong to the sole trader, this can foster motivation and drive for business success. However, if profits are not managed prudently, it may lead to downward financial trends and failure.