Various options are provided as possible answers to the following questions - NSC Business Studies - Question 1 - 2024 - Paper 2
Question 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 (1.1.1 to... show full transcript
Worked Solution & Example Answer: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 those which allow shareholders to receive past unpaid dividends before any dividends are paid to ordinary 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 income for workers who become unemployed.
Step 3
1.1.3 Mbali, a sales consultant, should … in order to improve her next presentation.
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Answer
The correct answer is A maintain good relationships with the audience. Building and maintaining relationships enhances engagement and understanding during presentations.
Step 4
1.1.4 Team dynamic theories enable businesses to …
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Answer
The correct answer is A allocate tasks according to the roles of team members. Effective team dynamics streamline operations and improve performance.
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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Answer
The correct answer is C planet. In the context of the triple bottom line, 'planet' refers to environmentally sustainable practices.
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 answer is manager. A manager oversees and coordinates various tasks within the organization.
Step 7
1.2.2 Calculation of … interest is based only on the original amount invested.
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Answer
The correct answer is simple. Simple interest is calculated on the principal amount only.
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 answer is collaboration. Collaboration is essential for effective teamwork and decision-making.
Step 9
1.2.4 Jacob deals with an … as a difficult personality by interpreting the situation and moving to the problem-solving process.
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Answer
The correct answer is complainer. Jacob addresses complaints by understanding the issues at hand.
Step 10
1.2.5 The CEO of Moodley Accountants considered various alternatives before choosing the one best. This is known as …
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Answer
The correct answer is decision making. This process involves evaluating options and selecting the most suitable one.
Step 11
1.3.1 Partnership
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Answer
The correct answer is H. Continuity of the business depends on the lifespan of the owners.
Step 12
1.3.2 Founders' shares
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Answer
The correct answer 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 answer is J. Obligation of every citizen to contribute towards the wellbeing of communities.
Step 14
1.3.4 Abuse of work time
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Answer
The correct answer is E. Employees make personal calls during working hours.
Step 15
1.3.5 Diversity
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The correct answer is B. Enables businesses to have a competitive advantage as they render better services.
