This Act gives consumers access to debt counsellors:
A) Broad-Based Black Economic Empowerment Act, 2003 (Act 53 of 2003)
B) Employment Equity Act, 1998 (Act 55 of 1998)
C) Consumer Protection Act, 2008 (Act 68 of 2008)
D) National Credit Act, 2005 (Act 34 of 2005) - NSC Business Studies - Question 1 - 2016 - Paper 1
Question 1
This Act gives consumers access to debt counsellors:
A) Broad-Based Black Economic Empowerment Act, 2003 (Act 53 of 2003)
B) Employment Equity Act, 1998 (Act 55 of 1... show full transcript
Worked Solution & Example Answer:This Act gives consumers access to debt counsellors:
A) Broad-Based Black Economic Empowerment Act, 2003 (Act 53 of 2003)
B) Employment Equity Act, 1998 (Act 55 of 1998)
C) Consumer Protection Act, 2008 (Act 68 of 2008)
D) National Credit Act, 2005 (Act 34 of 2005) - NSC Business Studies - Question 1 - 2016 - Paper 1
Step 1
This Act gives consumers access to debt counsellors:
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Answer
The correct answer is A) Broad-Based Black Economic Empowerment Act, 2003 (Act 53 of 2003). This Act is specifically designed to enhance access to debt counselling to promote economic empowerment.
Step 2
Which ONE of the following businesses may be classified under the tertiary sector?
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Answer
The correct answer is A) AMC Transport. The tertiary sector involves the provision of services, which is what AMC Transport provides.
Step 3
An industrial analysis tool used to analyse the challenges in the macro-environment:
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Answer
The correct answer is B) PESTLE. PESTLE analysis is a tool used to identify and analyze external factors that could impact the organization.
Step 4
The ... clause is applied to determine that the insurer will pay out:
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Answer
The correct answer is D) subrogation. This clause allows the insurer to pursue a third party that caused an insurance loss to the insured.
Step 5
The current and past directors of a .... company are jointly and severally responsible for the debts of the company.
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Answer
The correct answer is A) personal liability. This refers to the personal responsibility of directors for the company's debts.
Step 6
This aspect should be considered when designing a multimedia presentation:
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Answer
The correct answer is D) Maintain eye contact with the audience. This is crucial for effective communication.
Step 7
Telkom Ltd's concern is not only about their financial position, but also about their social and environmental successes. Therefore they report on their ... performances.
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Answer
The correct answer is D) triple bottom line. This approach considers the social, environmental, and economic impacts of business operations.
Step 8
Team dynamics theories help businesses to ...
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Answer
The correct answer is A) allocate tasks to team members with similar personalities. This helps in optimizing team efficiency based on individual strengths.
Step 9
Quality circles usually form part of the TQM element of ...
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Answer
The correct answer is A) continuous improvement of processes and systems. This is a fundamental principle of Total Quality Management.
Step 10
Effective feedback involves ...
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Answer
The correct answer is D) including visual aids in verbal presentations. This enhances understanding and retention of the information presented.
