1.1 Various options are provided as possible answers to the following questions - NSC Business Studies - Question 1 - 2024 - 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 - 2024 - Paper 2
Step 1
1.1.1 The shareholders of … preference shares are compensated for past unpaid dividends due to low profits.
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Answer
The correct answer is D cumulative. Cumulative preference shares accumulate unpaid dividends, which are paid out in future periods.
Step 2
1.1.2 Employers and employees each contribute 1% of their basic wages to the …
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Answer
The correct answer is A Unemployment Insurance Fund. This fund provides benefits to unemployed individuals.
Step 3
1.1.3 Mbali, a sales consultant, should … in order to improve her next presentation.
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Answer
The correct answer is A maintain good relationships with the audience. Building rapport is essential for effective communication.
Step 4
1.1.4 Team dynamic theories enable businesses to …
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Answer
The correct answer is A allocate tasks according to the role of team members. This helps in optimizing team performance.
Step 5
1.1.5 Grey Manufacturing encourages employees to recycle waste material. This refers to … as an element of triple bottom line.
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Answer
The correct answer is C planet. The triple bottom line includes social, environmental, and economic impacts.
Step 6
1.2.1 The … is responsible for the administration of tasks and programmes to reach set targets.
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Answer
The correct word is manager.
Step 7
1.2.2 Calculation of … interest is based only on the original amount invested.
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Answer
The correct word is simple.
Step 8
1.2.3 Team members take part in decision-making to achieve their goals. This refers to … as a criterion for successful team performance.
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Answer
The correct word is collaboration.
Step 9
1.2.4 Jacob deals with a/an … as a difficult personality by interpreting the situation and moving to the problem-solving process.
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Answer
The correct word is complainer.
Step 10
1.2.5 The CEO of Moodley Accountants considered various alternatives before choosing the best one. This is known as ….
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Answer
The correct word is decision-making.
Step 11
1.3.1 Partnership
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Answer
The correct answer is H obligation of businesses to declare all income received.
Step 12
1.3.2 Founders' shares
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Answer
The correct answer is G enables businesses to have a competitive advantage as they render better services.
Step 13
1.3.3 Social responsibility
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Answer
The correct answer is C shareholders receive dividends only if a profit is made.
Step 14
1.3.4 Abuse of work time
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Answer
The correct answer is E employees make personal calls during working hours.
Step 15
1.3.5 Diversity
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Answer
The correct answer is B enables businesses to recognise the needs of only one particular group of customers.
