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 often used to ensure that individuals have a specific amount of money available once they retire, usually starting at a designated age.
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-profits, capital refers to funds that are raised through donations and can contribute to their 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 display presentations and large visuals to an audience, enhancing the delivery of the information.
Step 4
1.1.4 Chilala Traders submitted false returns to SARS. This is known as …, a type of unethical business practice.
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Answer
The correct answer is A. tax evasion. Tax evasion involves illegally avoiding paying taxes, which is a serious offense and considered an unethical business practice.
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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Answer
The correct answer is B. communication. Effective communication is crucial for successful team dynamics, facilitating feedback and ensuring all members are aligned with team goals.