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, as cumulative preference shares are entitled to receive dividends that were not paid in previous years during low profit periods.
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, as this fund is designed to provide benefits to unemployed individuals.
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 B revise the objectives that were not achieved, as this will help her to focus on the areas needing improvement.
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, facilitating better teamwork.
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, as it relates to environmental sustainability.
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.
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.
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 word is collaboration.
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.
Step 10
1.2.5 The CEO of Moodley Accountants considered various alternatives before choosing the one best suited. This one is known as ….
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Answer
The correct word is decision-making.
Step 11
1.3.1 Partnership
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Answer
The correct match is H, which states that the continuity of the business depends on the lifespan of the owners.
Step 12
1.3.2 Founders' shares
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The correct match is G, which explains that incorporators receive dividends only after all shareholders have been paid.
Step 13
1.3.3 Social responsibility
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The correct match is B, indicating that obligation of every citizen to contribute towards the well-being of communities.
Step 14
1.3.4 Abuse of work time
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The correct match is E, highlighting that employees make personal calls during working hours.
Step 15
1.3.5 Diversity
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The correct match is J, which recognizes the significance of embracing a variety of differences within the workplace.
