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 ensure that unpaid dividends are paid out before any common shares.
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 is designed to provide financial support to individuals who are 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 rapport is key to effective presentations.
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 helps in effective role distribution.
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. The triple bottom line includes social, environmental, and financial considerations.
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 answer is manager. A manager coordinates tasks and programmes in any organizational setting.
Step 7
1.2.2 Calculation of … interest is based only on the original amount invested.
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Answer
The answer is simple. Simple interest is calculated solely on the principal amount.
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 answer is collaboration. Effective collaboration is crucial for achieving organizational goals.
Step 9
1.2.4 Jacob deals with a/an … as a difficult personality by interrupting the situation and moving to the problem-solving process.
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Answer
The answer is complainer. A complainer often derails meetings with grievances, requiring intervention.
Step 10
1.2.5 The CEO of Moodley Accountants considered various alternatives before choosing the best one. This is known as …
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The answer is decision-making. The decision-making process involves evaluating options and selecting the appropriate course of action.
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. Partnerships dissolve upon the death of a partner.
Step 12
1.3.2 Founders’ shares
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The correct answer is G: incorporators receive dividends only after all shareholders have been paid. Founders' shares typically have special rights in dividend payments.
Step 13
1.3.3 Social responsibility
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The correct answer is B: enables businesses to have a competitive advantage as they render better services. Social responsibility practices can improve a company's public image.
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 detracts from productivity and is considered an abuse of work time.
Step 15
1.3.5 Diversity
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The correct answer is J: obligation of every citizen to contribute towards the well-being of communities. Diversity in the workplace enriches community interactions and responsibilities.
