1.1 Various options are provided as possible answers to the following questions - NSC Business Studies - Question 1 - 2023 - 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 - 2023 - Paper 2
Step 1
1.1.1 Emmah will receive a pre-determined amount invested in a … when she reaches a certain age.
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Answer
The correct answer is C. retirement annuity. A retirement annuity is a financial product that provides a predetermined amount of money to the holder once they reach a specified age, usually retirement.
Step 2
1.1.2 Non-profit companies are able to raise money through various donations. This refers to … as a criterion for contributing to the success of a business.
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Answer
The correct answer is B. capital. In the context of non-profit organizations, capital refers to the resources generated through donations that contribute to operational success.
Step 3
1.1.3 Presenters use … as a visual aid to display large illustrations of products to support the core message of their presentation.
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Answer
The correct answer is B. a data projector. A data projector is commonly used to project images or videos from a computer onto a larger screen for presentations.
Step 4
1.1.4 Chilli Traders submitted false returns to SARS. This is known as …, a type of unethical business practice.
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The correct answer is A. tax evasion. Tax evasion involves illegally misrepresenting income or inflating expenses to reduce tax liability, harming public trust.
Step 5
1.1.5 Team leaders implement … as a criterion for successful team performance by providing regular feedback to their members.
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The correct answer is B. communication. Effective communication is essential for providing feedback, facilitating improvements, and achieving team objectives.
Step 6
1.2.1 Companies issue … shares as compensation for unpaid dividends.
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Answer
The answer is founders. Founders' shares are issued as compensation in recognition of their contribution to the company.
Step 7
1.2.2 Kulsum Enterprise implements the … leadership theory as the business operates in a dynamic environment characterised by constant change.
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Answer
The answer is situational. Situational leadership adapts based on organizational conditions and employee needs.
Step 8
1.2.3 The personal assets of partners can be sold to pay off the debts of the partnership due to bankruptcy. This refers to … liability.
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The answer is unlimited. Unlimited liability means that personal assets are at risk to cover business debts.
Step 9
1.2.4 Bravo Advertisers implemented the … leadership theory in the business to identify strategies necessary for change.
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Answer
The answer is transformational. Transformational leadership inspires change by motivating employees and ensuring organizational alignment.
Step 10
1.2.5 Businesses promote … rights by providing clean water and health services to their employees.
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Answer
The answer is economic. By providing essential services, businesses promote the economic rights of their employees.
Step 11
1.3.1 RSA Retail Savings Bonds
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Answer
The answer is E. RSA Retail Savings Bonds provide investors with regular interest payments, making them a secure savings option.
Step 12
1.3.2 Excess
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Answer
The answer is A. Excess refers to the amount paid by the insured when cancelling an insurance contract.
Step 13
1.3.3 Social responsibility
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Answer
The answer is J. Social responsibility refers to businesses contributing time and effort to improve communities.
Step 14
1.3.4 Grievance
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Answer
The answer is B. A grievance occurs when there is a disagreement between employees in the workplace.
Step 15
1.3.5 Health and safety representatives
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Answer
The answer is C. Health and safety representatives ensure that personal protective clothing is available to all employees.
