NSC Business Studies Impact of the Acts on businesses: 1.1 Various options are provided

Question

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 number in the ANSWER BOOK, for example 1.1.1–1.1.10.

1.1.1 Workers are entitled to ... consecutive days’ annual leave per year.
A 19
B 20
C 21
D 20

1.1.2 This strategy does not form part of the intensive strategies.
A Product penetration
B Product development
C Market development
D Market penetration

1.1.3 The main purpose of the Labour Relations Act (LRA) (No. 66 of 1995) is to ...
A ensure that employees work in a more suitable and less dangerous environment.
B promote equal opportunity and fair treatment in the workplace.
C promote economic development, social justice, labour peace and democracy in the workplace.
D limit liability and limited continuity.

1.1.5 The return on an investment in shares is called ...
A dividends.
B interest.
C capital gain.
D profit.

1.1.6 The ... clause is applied to determine the amount that the insurer will pay out, when goods are underinsured.
A excess
B reinstatement
C subrogation
D average

1.1.7 ... means valuing each other regardless of status, culture or disability.
A Discrimination
B Leadership
C Diversity
D Inclusivity

1.1.8 Team dynamic theories help businesses to ...
A allocate tasks to team members with similar personalities.
B allocate tasks according to the roles of team members.
C promote mutual satisfaction.
D establish good relationships with teams.

1.1.10 Quality circles usually form part of the ... TQM element.
A continuous improvements of processes and systems.
B top management involvement.
C monitoring and evaluation of quality processes.
D teamwork.

1.2 Complete the following statements by using the word(s) in the list below. Write only the word(s) next to the question number in the ANSWER BOOK.

JSE; empty chair; tertiary; screening; compulsory; secondary; CSR; brainstorming; shortlisting; fringe

1.2.1 The ... sector includes all industries that offer services to other businesses and consumers.

1.2.2 The ... gives opportunities to financial institutions to invest their funds in shares.

1.2.3 ... is a creative thinking problem-solving technique in which several people brainstorm about a single problem and suggest ideas that could lead to a solution.

1.2.4 ... is to eliminate the unsafe conditions for the position.

1.2.5 Medical aid is an ... right.

1.1 Various options are provided as possible answers to the following questions - NSC Business Studies - Question 1 - 2017 - Paper 1

Worked Solution & Example Answer:1.1 Various options are provided as possible answers to the following questions - NSC Business Studies - Question 1 - 2017 - Paper 1

1.1.1 Workers are entitled to ... consecutive days’ annual leave per year.

1.1.2 This strategy does not form part of the intensive strategies.

1.1.3 The main purpose of the Labour Relations Act (LRA) (No. 66 of 1995) is to ...

1.1.5 The return on an investment in shares is called ...

1.1.6 The ... clause is applied to determine the amount that the insurer will pay out, when goods are underinsured.

1.1.7 ... means valuing each other regardless of status, culture or disability.

1.1.8 Team dynamic theories help businesses to ...

1.1.10 Quality circles usually form part of the ... TQM element.

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