NSC Business Studies Unemployment Insurance Fund (UIF): Various options are provided as

Question

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 to 1.1.5) in the ANSWER BOOK, e.g., 1.1.6 D.

1.1.1 The shareholders of … preference shares are compensated for past unpaid dividends due to low profits.

A participating  
B redeemable  
C convertible  
D cumulative

1.1.2 Employers and employees each contribute 1% of their basic wages to the …

A Unemployment Insurance Fund.  
B Compensation Fund.  
C Road Accident Fund.

1.1.3 Mbali, a sales consultant, should … in order to improve her next presentation.

A maintain good relationships with the audience.  
B revise the objectives that were not achieved.  
C prepare thoroughly with her colleagues  
D ignore criticism from the audience.

1.1.4 Team dynamic theories enable businesses to …

A allocate tasks according to the roles of team members.  
B enable communication.  
C establish evaluation programs to enhance effectiveness.  
D promote unity.

1.1.5 Grey Manufacturing encourages employees to recycle waste material. This refers to … as an element of triple bottom line.

A people  
B profit  
C planet  
D productivity

1.2 Complete the following statements by using the word(s) provided in the list below. Write only the word(s) next to the question numbers (1.2.1 to 1.2.5) in the ANSWER BOOK.

manager;  
communication;  
decision-making;  
compound;  
complainer;  
problem-solving;  
leader;  
collaboration;  
expert

1.2.1 The … is responsible for the administration of tasks and programmes to reach set targets.

1.2.2 Calculation of … interest is based only on the original amount invested.

1.2.3 Team members take part in decision-making to achieve their goals. This refers to … as a criterion for successful team performance.

1.2.4 Jacob deals with a/an … as a difficult personality by interpreting the situation and moving to the problem-solving phase.

1.2.5 The CEO of Moodley Accountants considered various alternatives before choosing the best one. This is known as …

1.3 Choose a descriptor from COLUMN B that matches a term in COLUMN A. Write only the letter (A–J) next to the question numbers (1.3.1 to 1.3.5) in the ANSWER BOOK.

COLUMN A  
1.3.1 Partnership  
1.3.2 Founders’ shares  
1.3.3 Social responsibility  
1.3.4 Abuse of work time  
1.3.5 Diversity

COLUMN B  
A obligation of businesses to declare all income received  
B enables businesses to have a competitive advantage as they render better services  
C shareholders receive dividends only if a profit is made  
D continuity of the business depends on the number of shareholders  
E employees make personal calls during working hours  
F enables businesses to recognise the needs of only one particular group of customers  
G incorporators receive dividends only after all shareholders have been paid  
H continuity of the business depends on the lifespan of the owners  
I employees use business resources for personal gain  
J obligation of every citizen to contribute towards the well-being of communities

Various options are provided as possible answers to the following questions - NSC Business Studies - Question 1 - 2024 - Paper 2

Worked Solution & Example Answer:Various options are provided as possible answers to the following questions - NSC Business Studies - Question 1 - 2024 - Paper 2

1.1.1 The shareholders of … preference shares are compensated for past unpaid dividends due to low profits.

1.1.2 Employers and employees each contribute 1% of their basic wages to the …

1.1.3 Mbali, a sales consultant, should … in order to improve her next presentation.

1.1.4 Team dynamic theories enable businesses to …

1.1.5 Grey Manufacturing encourages employees to recycle waste material. This refers to … as an element of triple bottom line.

1.2.1 The … is responsible for the administration of tasks and programmes to reach set targets.

1.2.2 Calculation of … interest is based only on the original amount invested.

1.2.3 Team members take part in decision-making to achieve their goals. This refers to … as a criterion for successful team performance.

1.2.4 Jacob deals with a/an … as a difficult personality by interpreting the situation and moving to the problem-solving phase.

1.2.5 The CEO of Moodley Accountants considered various alternatives before choosing the best one. This is known as …

1.3.1 Partnership

1.3.2 Founders’ shares

1.3.3 Social responsibility

1.3.4 Abuse of work time

1.3.5 Diversity

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