1.1.1 Greg is always willing to learn and grow in his career - NSC Business Studies - Question 1 - 2021 - Paper 2
Question 1
1.1.1 Greg is always willing to learn and grow in his career. This is an example of ... in successful leadership.
A entrepreneurial qualities
B personal attitude
C ... show full transcript
Worked Solution & Example Answer:1.1.1 Greg is always willing to learn and grow in his career - NSC Business Studies - Question 1 - 2021 - Paper 2
Step 1
1.1.1 Greg is always willing to learn and grow in his career. This is an example of ... in successful leadership.
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Answer
This is an example of B personal attitude in successful leadership, as it reflects an individual's willingness to develop and improve.
Step 2
1.1.2 Partners must draw up a written partnership agreement. This refers to ... as a criterion that contributes to the success of the business.
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This refers to A capital, as it outlines the financial contributions required to start and maintain the business.
Step 3
1.1.3 Bulelwa Enterprises invested R4 000 at 8% simple interest per year. They will receive an amount of ... as interest at the end of 18 months.
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To calculate the interest, use the formula for simple interest:
I=Pimesrimest
Where:
P=4000 (principal amount)
r=0.08 (annual interest rate)
t=1.5 years (18 months)
Calculating:
I=4000imes0.08imes1.5=R480
Thus, the amount of interest received will be D R480.
Step 4
1.1.4 Marie Stores considered the advantages and disadvantages of each proposed solution. This problem-solving step is known as ...
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This step is known as B evaluating alternative solutions, where the pros and cons of various options are assessed.
Step 5
1.1.5 Team dynamic theories enable businesses to allocate tasks according to ...
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According to A team members' roles, allowing for an efficient distribution of responsibilities based on individual strengths.
