1.1 Various options are provided as possible answers to the following questions - NSC Business Studies - Question 1 - 2020 - Paper 2
Question 1
1.1 Various options are provided as possible answers to the following questions. Choose the answer and write only the letter (A–D) next to the question numbers (1.1.... show full transcript
Worked Solution & Example Answer:1.1 Various options are provided as possible answers to the following questions - NSC Business Studies - Question 1 - 2020 - Paper 2
Step 1
1.1.1 This form of investment requires a minimum amount of R1 000 to be invested:
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Answer
The correct answer is C. RSA Retail Savings Bonds. This type of investment requires a minimum investment amount, providing lower risk and fixed returns.
Step 2
1.1.2 KDG Insurers applied the principle of … when they compensated Gerald Trading for losses incurred due to a burglary.
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Answer
The correct answer is D. insurable interest. This principle is essential in insurance for ensuring that the insured stands to lose financially from the loss.
Step 3
1.1.3 Henko handled the feedback session in a professional manner when he …
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Answer
The correct answer is C. addressed the person and not the question. This indicates a lack of professionalism as all feedback should engage both the individual and the content.
Step 4
1.1.4 Food For All Ltd has identified ... as one of their corporate social investment (CSI) focus areas.
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The correct answer is B. education. This focus area is crucial for enhancing community welfare and development.
Step 5
1.1.5 A grievance procedure requires an aggrieved employee to first report the matter to his/her ...
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Answer
The correct answer is A. supervisor. Reporting to a supervisor is the first step in addressing and resolving workplace grievances.
Step 6
1.2.1 The shareholders of ... shares are the last to be paid when the company is declared bankrupt.
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Answer
The correct answer is founders'. In a bankruptcy, the equity of founders has lower priority compared to other creditors.
Step 7
1.2.2 Tim Vegetables and Anna Fertilisers decided to work together towards the mutual benefit of their members. This is an example of a ...
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The correct answer is co-operative. This reflects a collaborative business model aimed at benefiting all members.
Step 8
1.2.3 Roxy Incorporated respects the employees’ right to ... by not providing their personal information to other businesses.
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The correct answer is privacy. Upholding employee privacy is essential in maintaining trust and compliance.
Step 9
1.2.4 An example of ... advertising is demonstrated when an advertisement excludes some sections of the population.
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Answer
The correct answer is misleading. Such advertising fails to represent the entire audience.
Step 10
1.2.5 The practice where various alternatives are considered before choosing the best solution is known as ...
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Answer
The correct answer is decision-making. This involves evaluating options to arrive at the most effective solution.
Step 11
1.3.1 Charismatic leadership style
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Answer
The correct answer is G. guides businesses on how to allocate tasks to team members with similar personality traits.
Step 12
1.3.2 Road Accident Fund
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The correct answer is E. compensates pedestrians for injuries sustained due to negligent drivers.
Step 13
1.3.3 Graphs
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The correct answer is F. shows the relationship between two sets of variables.
Step 14
1.3.4 Nominal group technique
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Answer
The correct answer is I. team members silently generate ideas before their sharing them with other members.
Step 15
1.3.5 Team dynamic theories
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The correct answer is H. guide businesses on how to allocate tasks according to the roles of team members.
