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 shareholders of cumulative preference shares are compensated for past unpaid dividends due to low profits. Therefore, the correct answer is D.
Step 2
1.1.2 Employers and employees each contribute 1% of their basic wages to the …
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Answer
Employers and employees each contribute 1% of their basic wages to the Unemployment Insurance Fund. Hence, the answer is A.
Step 3
1.1.3 Mbali, a sales consultant, should … in order to improve her next presentation.
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Answer
Mbali, a sales consultant, should maintain good relationships with the audience in order to enhance her presentation. Thus, the answer is A.
Step 4
1.1.4 Team dynamic theories enable businesses to …
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Answer
Team dynamic theories enable businesses to allocate tasks according to the roles of team members, which is essential for effective teamwork. Therefore, the answer is A.
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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Answer
This refers to the planet as an element of the triple bottom line, which emphasizes sustainability. Hence, the answer is C.
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 manager is responsible for the administration of tasks and programmes to achieve set targets.
Step 7
1.2.2 Calculation of … interest is based only on the original amount invested.
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Answer
Calculation of simple interest is based only on the original amount invested.
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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Answer
This refers to collaboration as a criterion for successful team performance.
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
Jacob deals with a/an complainer as a difficult personality to navigate through the problem-solving process.
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
This is known as decision-making, where the CEO evaluates options before arriving at the best choice.
Step 11
1.3.1 Partnership
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Answer
Partnership refers to the continuity of the business that depends on the lifespan of the owners. Thus, the answer is H.
Step 12
1.3.2 Founders' shares
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Answer
Founders' shares enable businesses to have a competitive advantage as they render better services. Therefore, the answer is G.
Step 13
1.3.3 Social responsibility
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Answer
Social responsibility means an obligation of every citizen to contribute towards the well-being of communities. Hence, the answer is J.
Step 14
1.3.4 Abuse of work time
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Abuse of work time refers to employees making personal calls during work hours. Thus, the answer is E.
Step 15
1.3.5 Diversity
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Answer
Diversity refers to enables businesses to recognise the needs of only one particular group of customers, hence the answer is F.
