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, which require 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 answer is D. insurable interest, which refers to having a legitimate interest in the property being insured.
Step 3
1.1.3 Henko handled the feedback session in a professional manner when he …
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Answer
The correct option is D. personally replied to questions from the audience, demonstrating good communication skills.
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 answer is C. community, as it signifies engagement in social responsibility.
Step 5
1.1.5 A grievance procedure requires an aggrieved employee to first report the matter to his/her …
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Answer
The right answer is A. supervisor, as it is the appropriate first step in addressing grievances.
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 term is founders’.
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
This is an example of a co-operative.
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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Answer
The appropriate term is privacy.
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
This is an instance of misleading advertising.
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
This practice is referred to as decision-making.
Step 11
1.3.1 Charismatic leadership style
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Answer
The correct description 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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Answer
The answer is E. compensates pedestrians for injuries sustained due to negligent drivers.
Step 13
1.3.3 Graphs
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Answer
The right match is F. shows the relationship between two sets of variables.
Step 14
1.3.4 Nominal group technique
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Answer
This corresponds to B. team members share their ideas aloud in a group.
Step 15
1.3.5 Team dynamic theories
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Answer
The answer is H. guides businesses on how to allocate tasks according to the roles of team members.
