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Various options are provided as possible answers to the following questions - NSC Business Studies - Question 1 - 2018 - Paper 1

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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 (1.1.1 to... show full transcript

Worked Solution & Example Answer:Various options are provided as possible answers to the following questions - NSC Business Studies - Question 1 - 2018 - Paper 1

Step 1

1.1.1 This Act regulates the implementation of affirmative action when businesses make new appointments:

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Answer

The answer is D. Labour Relations Act, 1995 (Act 66 of 1995). This Act facilitates affirmative action policies.

Step 2

1.1.2 Yashika Supermarket has ... control over challenges related to its vision and mission statement.

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Answer

The answer is B. limited. This implies the organization may face some operational constraints.

Step 3

1.1.3 It is compulsory for ... to hold an annual general meeting for its shareholders.

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The answer is A. Shark Tale General Dealer (Pty) Ltd. This type of entity is required by law to conduct such meetings.

Step 4

1.1.4 This aspect should be considered when designing a multimedia presentation:

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The answer is D. Choose relevant images. Selecting appropriate visuals enhances audience engagement.

Step 5

1.1.5 Thurns Traders insured their building for R80 000. The actual value of the building is R100 000. Damages caused by fire amounted to R50 000. What will be the compensation for the loss?

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Answer

To calculate compensation, use the formula:

extCompensation=extInsuredAmount/extActualValueimesextDamages ext{Compensation} = ext{Insured Amount} / ext{Actual Value} imes ext{Damages}

Plugging in the numbers:

extCompensation=R80,000/R100,000imesR50,000=R40,000 ext{Compensation} = R80,000 / R100,000 imes R50,000 = R40,000

Therefore, the answer is D. R40 000.

Step 6

1.1.6 Businesses use team dynamics theories to ...

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Answer

The answer is A. promote total satisfaction. Team dynamics aim to create a harmonious workplace.

Step 7

1.1.7 When resolving differences between employees in the workplace, management needs to ...

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The answer is C. address the causes of conflict. Effective management involves understanding and mitigating conflicts.

Step 8

1.1.8 The process a senior manager uses to choose the best solution, is known as ...

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The answer is B. decision making. This process requires careful analysis of available options.

Step 9

1.1.9 A framework that businesses use to manage key processes to maintain good standards:

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The answer is B. Quality management system. This ensures consistency and adherence to standards.

Step 10

1.1.10 The process of choosing the five most suitable candidates for the job is known as ...

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The answer is D. shortlisting. This involves narrowing down candidates based on certain criteria.

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