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 are those that accumulate unpaid dividends for future payment.
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 is a mandatory contribution that protects employees against unemployment.
Step 3
1.1.3 Mbali, a sales consultant, should ... in order to improve her next presentation.
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The correct answer is A maintain good relationships with the audience. Building rapport is essential for effective presentations.
Step 4
1.1.4 Team dynamic theories enable businesses to ...
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The correct answer is A allocate tasks according to the roles of team members. This helps clarify expectations and improves 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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The correct answer is C planet. The triple bottom line emphasizes social, environmental, and economic responsibilities.
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 answer is manager. A manager oversees the organization and execution of tasks.
Step 7
1.2.2 Calculation of ... interest is based only on the original amount invested.
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Answer
The correct answer is simple. Simple interest is calculated only 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 team performance.
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The correct answer is collaboration. Collaboration ensures mutual input in achieving objectives.
Step 9
1.2.4 Jacob deals with an ... as a difficult personality by interpreting the situation and moving to the problem-solving phase.
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The correct answer is complainer. A complainer disrupts progress and needs specific handling.
Step 10
1.2.5 The CEO of Moodley Accountants considered various alternatives before choosing this one. This is known as ...
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The correct answer is decision-making. This process involves selecting the best alternative from several options.
Step 11
1.3.1 Partnership
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The correct answer is H obligation of businesses to declare all income received. A partnership relies on mutual financial transparency.
Step 12
1.3.2 Founders' shares
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The correct answer is G enables businesses to have a competitive advantage as they render better services. Founders' shares often come with special rights.
Step 13
1.3.3 Social responsibility
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The correct answer is J obligation of every citizen to contribute towards the well-being of communities. Social responsibility emphasizes community involvement.
Step 14
1.3.4 Abuse of work time
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The correct answer is E employees make personal calls during working hours, which is a misuse of work time.
Step 15
1.3.5 Diversity
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The correct answer is B enables businesses to recognise the needs of only one particular group of customers. Diversity emphasizes varying perspectives and needs.
