1.1 Various options are provided as possible answers to the following questions - NSC Business Studies - Question 1 - 2020 - 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 - 2020 - Paper 2
Step 1
1.1.1 This form of investment requires a minimum amount of R1 000 to be invested:
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Answer
C. RSA Retail Savings Bonds are known for requiring a minimum investment amount, typically set at R1 000.
Step 2
1.1.2 KDG Insurers applied the principle of … when they compensated Gerald Trading for losses incurred due to a burglary.
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B. indemnification, as it pertains to compensating for losses or damages incurred.
Step 3
1.1.3 Henko handled the feedback session in a professional manner when he …
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C. addressed the problem and not the question, which indicates professionalism by focusing on the issue at hand.
Step 4
1.1.4 Food For All Ltd has identified … as one of their corporate social investment (CSI) focus areas.
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B. employee equity, which is a crucial aspect of corporate social responsibility.
Step 5
1.1.5 A grievance procedure requires an aggrieved employee to first report the matter to his/her …
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A. supervisor, as they are typically the first point of contact for addressing workplace issues.
Step 6
1.2.1 The shareholders of … shares are the last to be paid when the company is declared bankrupt.
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founders’ shares, which are typically junior to other types of shares in corporate hierarchy.
Step 7
1.2.2 Tim Vegetables and Anna Fertilisers decided to work together towards the mutual benefit of their business. This is an example of a …
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co-operative, illustrating collaboration for mutual benefit.
Step 8
1.2.3 Roxy Incorporated respects the employees’ right to … by not providing their personal information to other businesses.
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privacy, as protecting personal information is a fundamental employee right.
Step 9
1.2.4 An example of … advertising is demonstrated when an advertisement excludes some sections of the population.
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misleading, as it presents information that may not accurately reflect the entire audience.
Step 10
1.2.5 The practice where various alternatives are considered before choosing the best solution is known as …
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decision-making, which involves evaluating options to arrive at the best choice.
Step 11
1.3.1 Charismatic leadership style
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G. leaders use their personality to inspire and motivate employees.
Step 12
1.3.2 Road Accident Fund
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E. compensates pedestrians for injuries sustained due to negligent drivers.
Step 13
1.3.3 Graphs
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F. show the relationship between two sets of variables.
Step 14
1.3.4 Nominal group technique
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B. team members share their ideas aloud in a group.
Step 15
1.3.5 Team dynamic theories
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H. guide businesses on how to allocate tasks according to the roles of team members.
