4.1 Name any TWO types of business sectors - NSC Business Studies - Question 4 - 2024 - Paper 1
Question 4
4.1 Name any TWO types of business sectors.
4.2 Outline the purpose of the Consumer Protection Act (CPA), 2008 (Act 68 of 2008).
4.3 Read the scenario below and an... show full transcript
Worked Solution & Example Answer:4.1 Name any TWO types of business sectors - NSC Business Studies - Question 4 - 2024 - Paper 1
Step 1
Identify the Act that is applicable to the scenario above.
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Answer
The applicable Act is the Labour Relations Act (LRA). This Act governs the relationship between employers and their employees and is fundamental in ensuring fair labor practices and workplace democracy.
Step 2
Explain the rights of employers in terms of the Act identified in QUESTION 4.3.1.
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Employers have the right to participate in the decision-making processes through established workplace forums. They can set operational policies, hire and dismiss employees, and establish working conditions as long as they comply with the provisions of the Labour Relations Act. Furthermore, they are entitled to bargain collectively, establish codes of conduct, and take action against employees who do not adhere to set rules.
Step 3
Advise businesses on the role of SETAs in supporting the Skills Development Act (SDA), 1998 (Act 97 of 1998).
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SETAs play a crucial role in promoting skills development by identifying sector-specific skills needs, helping businesses access funding for training programs, and facilitating learnerships and internships. They also assist in the formulation of training policies and help businesses comply with the Skills Development Act requirements.
Step 4
State any FOUR aspects that should be included in an induction programme.
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Overview of company policies and procedures.
Introduction to health and safety protocols.
Explanation of employee roles and responsibilities.
Orientation regarding company culture, values, and vision.
Step 5
Name TWO sources of external recruitment in the scenario above.
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Recruitment agencies.
Social media.
Step 6
Explain the advantages of external recruitment.
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External recruitment brings new talents and diverse experiences to the organization. It allows businesses to select from a larger pool of applicants, enhancing the chances of finding qualified candidates. Additionally, it fosters innovation by introducing fresh ideas and perspectives into the workplace.
Step 7
Advise businesses on the impact of total quality management (TQM) if poorly implemented.
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If TQM is poorly implemented, it can lead to significant challenges such as decreased customer satisfaction, wasted resources, and a lack of employee commitment. Companies may encounter inefficiencies in processes, heightened operational costs, and diminished market competitiveness, ultimately affecting profitability and sustainability.