1.1 Various options are provided as possible answers to the following questions - NSC Business Studies - Question 1 - 2024 - 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 - 2024 - Paper 2
Step 1
1.1.1 The shareholders of … preference shares are compensated for past unpaid dividends due to low profits.
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Answer
The correct answer is D cumulative. Cumulative preference shares are entitled to receive dividends that were missed in previous years before any dividends can be paid to common shareholders.
Step 2
1.1.2 Employers and employees each contribute 1% of their basic wages to the …
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Answer
The correct answer is A Unemployment Insurance Fund. This fund provides benefits to eligible workers who lose their jobs through no fault of their own.
Step 3
1.1.3 Mbali, a sales consultant, should … in order to improve her next presentation.
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The correct answer is A maintain good relationships with the audience. Building good rapport with the audience is crucial for effective presentation.
Step 4
1.1.4 Team dynamic theories enable businesses to …
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The correct answer is A allocate tasks according to the roles of team members. Understanding team dynamics helps managers assign roles that leverage individual strengths.
Step 5
1.1.5 Grey Manufacturing encourages employees to recycle waste material. This refers to … as an element of triple bottom line.
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The correct answer is C planet. The triple bottom line emphasizes environmental sustainability, often referred to as the 'planet' aspect.
Step 6
1.2.1 The … is responsible for the administration of tasks and programmes to reach set targets.
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Answer
The correct word is manager. A manager oversees and coordinates activities to meet organizational goals.
Step 7
1.2.2 Calculation of … interest is based only on the original amount invested.
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Answer
The correct word is simple. Simple interest is calculated on the principal amount alone.
Step 8
1.2.3 Team members take part in decision-making to achieve their goals. This refers to … as a criterion for successful team performance.
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Answer
The correct word is collaboration. Effective teamwork relies on collaborative decision-making.
Step 9
1.2.4 Jacob deals with a/an … as a difficult personality by interpreting the situation and moving to the problem-solving process.
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The correct word is complainer. Addressing complaints effectively is part of problem-solving.
Step 10
1.2.5 The CEO of Moodley Accountants considered various alternatives before choosing the best one. This is known as …
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The correct word is decision making. It refers to the process of making choices among alternatives.
Step 11
1.3.1 Partnership
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Answer
The correct match is H. Continuity of the business depends on the lifespan of the owners.
Step 12
1.3.2 Founders’ shares
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The correct match is G. Incorporators receive dividends only after all shareholders have been paid.
Step 13
1.3.3 Social responsibility
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The correct match is B. Enables businesses to have a competitive advantage as they render better services.
Step 14
1.3.4 Abuse of work time
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The correct match is E. Employees make personal calls during working hours.
Step 15
1.3.5 Diversity
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The correct match is J. Obligation of every citizen to contribute towards the well-being of communities.
