1.1 Various options are provided as possible answers to the following questions - NSC Business Studies - Question 1 - 2020 - 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 - 2020 - Paper 2
Step 1
1.1.1 This form of investment requires a minimum amount of R1 000 to be invested:
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Answer
The correct answer is C: RSA Retail Savings Bonds. RSA Retail Savings Bonds are a safe and accessible investment option offered to individuals, requiring a minimum investment amount.
Step 2
1.1.2 KDG Insurers applied the principle of … when they compensated Gerald Trading for losses incurred due to a burglary.
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Answer
The correct answer is B: indemnification. This principle refers to compensating the insured party for their losses to ensure they are restored to the financial position they were in before the loss.
Step 3
1.1.3 Henko handled the feedback session in a professional manner when he …
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Answer
The correct answer is D: personally replied to questions from the audience. This shows professionalism as it demonstrates he's valuing the input and presence of the participants.
Step 4
1.1.4 Food For All Ltd has identified … as one of their corporate social investment (CSI) focus areas.
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Answer
The correct answer is A: employment equity. This focuses on ensuring fair treatment and equality in hiring practices and workplace opportunities.
Step 5
1.1.5 A grievance procedure requires an aggrieved employee to first report the matter to his/her …
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The correct answer is A: supervisor. The grievance procedure typically begins with reporting to a direct superior who can address the issue.
Step 6
1.2.1 The shareholders of ... shares are the last to be paid when the company is declared bankrupt.
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Answer
The correct answer is founders'. Founders’ shares are often associated with higher risk regarding returns compared to other classes of shares, particularly in bankruptcy scenarios.
Step 7
1.2.2 Tim Vegetables and Anna Fertilisers decided to work together towards the mutual benefit of their business. This is an example of a ...
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Answer
The correct answer is co-operative. A co-operative is a business organization owned and operated for the benefit of its members.
Step 8
1.2.3 Roxy Incorporated respects the employees' right to ... by not providing their personal information to other businesses.
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The correct answer is privacy. Respecting privacy means not disclosing personal information without consent.
Step 9
1.2.4 An example of ... advertising is demonstrated when an advertisement excludes some sections of the population.
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Answer
The correct answer is misleading. Misleading advertising can occur when not all relevant sections of an audience are informed or targeted effectively.
Step 10
1.2.5 The practice where various alternatives are considered before choosing the best solution is known as ...
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Answer
The correct answer is decision-making. This involves evaluating different options to arrive at the most effective conclusion.
Step 11
1.3.1 Charismatic leadership style
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The correct answer is G: guides businesses on how to allocate tasks to team members with similar personality traits.
Step 12
1.3.2 Road Accident Fund
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The correct answer is J: compensates pedestrians for injuries sustained due to negligent drivers.
Step 13
1.3.3 Graphs
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Answer
The correct answer is F: show the relationship between two sets of variables.
Step 14
1.3.4 Nominal group technique
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Answer
The correct answer is H: guide businesses on how to allocate tasks according to the roles of team members.
Step 15
1.3.5 Team dynamic theories
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Answer
The correct answer is E: members share their ideas aloud in a group.
