1.1 Various options are provided as possible answers to the following questions - NSC Business Studies - Question 1 - 2019 - Paper 1
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 - 2019 - Paper 1
Step 1
1.1.1 The aim of this Act is to protect consumers against unfair reckless lending by businesses:
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Answer
The correct answer is C) National Credit Act (NCA), 2005 (Act 34 of 2005). This legislation is designed specifically to protect consumers from the risks associated with reckless lending by businesses.
Step 2
1.1.2 Teddy Car Manufacturers implemented the ... integration strategy when they bought Tail Motors Spares.
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The correct answer is C) forward. This strategy involves expanding into the supply chain by acquiring a business that is closer to the customer.
Step 3
1.1.3 ABC Paints operate in the ... sector as they specialise in the manufacturing of paint.
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The correct answer is A) secondary. The secondary sector involves industries that produce finished goods from raw materials, including manufacturing.
Step 4
1.1.4 William, the manager of Eden Supermarket, applies the ... leadership style when delegating tasks to followers.
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The correct answer is C) laissez-faire/free-reign. This style allows employees to make decisions and work independently.
Step 5
1.1.5 The ... company provides essential services such as water and electricity at reasonable prices.
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The correct answer is C) public. Public companies are typically government-owned and serve the community by providing essential services.
Step 6
1.1.6 An example of a non-verbal presentation is information in the form of/a/an....
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Answer
The correct answer is C) video conferencing. It conveys information without the use of written or spoken words.
Step 7
1.1.7 This problem-solving technique requires each employee to first generate his/her own ideas and then share them with members:
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The correct answer is A) Brainstorming. This technique fosters creativity and collaborative problem-solving.
Step 8
1.1.8 Goal Led contributes towards the well-being of their employees by ...
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The correct answer is A) giving them the right to freedom of association. This empowers employees by allowing them to form unions and associations.
Step 9
1.1.9 The ... function ensures reliable capturing and storing of data/information.
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The correct answer is B) human resource. This function is pivotal in managing employee-related data and information.
Step 10
1.1.10 The process of matching a new employee's skills and abilities with the requirements of a job is known as ...
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The correct answer is C) recruitment. This process is essential for organizations to find the right candidate for a position.
Step 11
1.2.1 Ricky received ... his normal rate of pay for working on a public holiday.
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Ricky received double his normal rate of pay for working on a public holiday, which compensates him for working during a time when most people rest.
Step 12
1.2.2 Thandeka earned ... calculated on the principal amount and accumulated interest.
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Thandeka earned compound interest calculated on the principal amount and accumulated interest, allowing her to benefit from interest on interest.
Step 13
1.2.3 The responsibility of ... is to provide all the necessary equipment for workers to perform their duties in a favourable work environment.
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The responsibility of the employer is to provide all necessary equipment, ensuring that employees can work efficiently and safely.
Step 14
1.2.4 The quality of goods/services to meet the specific needs of customers/clients, is known as ...
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The quality of goods/services is known as quality management, focusing on meeting customer needs effectively.
Step 15
1.2.5 Candidates' applications are checked against the requirements of the job during the ... process.
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Candidates' applications are checked during the screening process, which is essential for evaluating the suitability of candidates.
Step 16
1.3.1 National Skills Development Strategy
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The correct answer is F) provides career guidance and training centres. This strategy focuses on enhancing skills and employability.
Step 17
1.3.2 Insurable risk
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The correct answer is H) businesses may be insured against losses from theft and fire. Insurable risks involve losses that can be covered by insurance.
Step 18
1.3.3 Ethical behaviour
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The correct answer is A) applying the code of conduct of a profession. Ethical behaviour ensures that professionals adhere to their field's standards.
Step 19
1.3.4 Decision-making
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The correct answer is G) a senior manager considers all alternatives before choosing the best solution. Effective decision-making is crucial for business success.
Step 20
1.3.5 Piecemeal
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The correct answer is I) forms part of a code of conduct to guide employees. Piecemeal decisions involve addressing issues as they arise.
