1.1 Various options are provided as possible answers to the following questions - NSC Business Studies - Question 1 - 2024 - Paper 2
Question 1
1.1 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.... show full transcript
Worked Solution & Example Answer:1.1 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 any unpaid dividends are carried forward and must be paid out before any dividends can be distributed to ordinary 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 in case of job loss.
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 essential for effective communication and presentation.
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. This helps in improving efficiency and collaboration within the team.
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. This aspect of the triple bottom line focuses on 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 answer is manager. A manager oversees task execution and ensures team alignment with goals.
Step 7
1.2.2 Calculation of … interest is based only on the original amount invested.
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Answer
The correct answer is simple. Simple interest does not account for interest on interest.
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 answer is collaboration. Effective collaboration is vital for achieving team objectives.
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 answer is complainer. Managing complainers requires careful handling to find solutions.
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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Answer
The correct answer is decision making. This process involves evaluating options to arrive at the best choice.
Step 11
1.3.1 Partnership
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The correct answer is H obligation of businesses to declare all income received. This definition relates to the legal responsibilities of partnerships.
Step 12
1.3.2 Founders’ shares
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Answer
The correct answer is G enables businesses to have a competitive advantage as they render better services.
Step 13
1.3.3 Social responsibility
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Answer
The correct answer is B enables businesses to recognize the needs of only one particular group of customers.
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 refers to time mismanagement in a business setting.
Step 15
1.3.5 Diversity
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The correct answer is F enables businesses to have a competitive advantage through diverse perspectives and approaches.
