Various options are provided as possible answers to the following questions - NSC Business Studies - Question 1 - 2024 - Paper 2
Question 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 to 1... show full transcript
Worked Solution & Example Answer: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 answer is D cumulative. Cumulative preference shares have dividends that accumulate if not paid in a particular year, which means shareholders are compensated for past unpaid dividends.
Step 2
1.1.2 Employers and employees each contribute 1% of their basic wages to the …
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Answer
The answer is A Unemployment Insurance Fund. This fund provides benefits to employees who lose their jobs.
Step 3
1.1.3 Mbali, a sales consultant, should … in order to improve her next presentation.
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The answer is A maintain good relationships with the audience. Building rapport is crucial in delivering an effective presentation.
Step 4
1.1.4 Team dynamic theories enable businesses to …
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The answer is A allocate tasks according to the roles of team members. Understanding team dynamics helps in effectively assigning tasks.
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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The answer is C planet. This term relates to environmental sustainability within the triple bottom line framework.
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 answer is manager. A manager oversees and organizes tasks to meet organizational goals.
Step 7
1.2.2 Calculation of … interest is based only on the original amount invested.
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Answer
The answer is simple. Simple interest is calculated solely on the principal amount.
Step 8
1.2.3 Team members take part in decision-making to achieve their goals. This refers to … as a criterion for successful performance.
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Answer
The answer is collaboration. Effective collaboration fosters shared decision-making.
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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The answer is complainer. A complainer often voices grievances, which need careful handling.
Step 10
1.2.5 The CEO of Moodley Accountants considered various alternatives before choosing the one best. This is known as …
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The answer is decision-making. This process involves evaluating options to select the most suitable one.
Step 11
1.3.1 Partnership
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The answer is H continuity of the business depends on the lifespan of the owners. In partnerships, the business may dissolve upon the death of a partner.
Step 12
1.3.2 Founders' shares
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The answer is G incorporators receive dividends only after all shareholders have been paid. This illustrates the priority in claims on dividends.
Step 13
1.3.3 Social responsibility
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The answer is J obligation of every citizen to contribute towards the well-being of communities. This reflects the ethical aspect of business practices.
Step 14
1.3.4 Abuse of work time
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The answer is E employees make personal calls during working hours. This constitutes misuse of work time.
Step 15
1.3.5 Diversity
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Answer
The answer is B enables businesses to have a competitive advantage as they render better services. Embracing diversity can enhance service quality.
