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 to 1... 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 allow shareholders to receive any unpaid dividends from previous periods before any dividends are distributed 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 financial assistance to 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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The correct answer is A maintain good relationships with the audience. Building rapport is essential for effective communication and 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 enhances productivity and team synergy.
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 refers to social, environmental, and economic considerations in business.
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 coordinates team activities and ensures that objectives are met.
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 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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The correct word is collaboration. Collaborative decision-making fosters teamwork and enhances outcomes.
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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Answer
The correct word is complainer. Addressing complaints effectively is crucial for team dynamics.
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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The correct word is decision making. It involves evaluating options and selecting the most appropriate one.
Step 11
1.3.1 Partnership
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The correct answer is H obligation of businesses to declare all income received. A partnership requires transparency in financial dealings.
Step 12
1.3.2 Founders’ shares
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The correct answer is G enables businesses to have a competitive advantage as they render better services. Founders' shares often provide special rights.
Step 13
1.3.3 Social responsibility
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The correct answer is J obligation of every citizen to contribute towards the well-being of communities. This reflects corporate responsibility.
Step 14
1.3.4 Abuse of work time
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The correct answer is E employees make personal calls during working hours. This impacts productivity.
Step 15
1.3.5 Diversity
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The correct answer is B enables businesses to recognize the needs of only one particular group of customers. Diversity supports customer-focused strategies.
