Various options are provided as possible answers to the following questions - NSC Business Studies - Question 1 - 2024 - Paper 2
Question 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 to 1... show full transcript
Worked Solution & Example Answer: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 correct answer is D cumulative. Cumulative preference shares accumulate unpaid dividends to be paid later when profits allow.
Step 2
1.1.2 Employers and employees each contribute 1% of their basic wages to the …
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Answer
The correct answer is A Unemployment Insurance Fund. This fund provides financial assistance to employees in case of unemployment.
Step 3
1.1.3 Mbali, a sales consultant, should … in order to improve her next presentation.
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Answer
The correct answer is A maintain good relationships with the audience. Building relationships is crucial for effective communication and engagement.
Step 4
1.1.4 Team dynamic theories enable businesses to …
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The correct answer is A allocate tasks according to the roles of team members. This enhances efficiency and productivity within teams.
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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The correct answer is C planet. The 'planet' aspect in the triple bottom line emphasizes ecological sustainability.
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 correct answer is manager. A manager oversees the operations and performance of a team or organization.
Step 7
1.2.2 Calculation of … interest is based only on the original amount invested.
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Answer
The correct answer is simple. Simple interest is calculated solely on the principal amount.
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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The correct answer is collaboration. Collaboration ensures that team input is recognized and valued.
Step 9
1.2.4 Jacob deals with a/an … as a difficult personality by interrupting the situation and moving to the problem-solving process.
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The correct answer is complainer. A complainer often disrupts teamwork and requires resolution strategies.
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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The correct answer is decision making. Decision making is the process of selecting the best option among several alternatives.
Step 11
1.3.1 Partnership
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Answer
The correct answer is H obligation of businesses to declare all income received.
Step 12
1.3.2 Founders' shares
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The correct answer is G enables businesses to have a competitive advantage as they render better services.
Step 13
1.3.3 Social responsibility
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Answer
The correct answer is C shareholders receive dividends only if a profit is made.
Step 14
1.3.4 Abuse of work time
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The correct answer is E employees make personal calls during working hours.
Step 15
1.3.5 Diversity
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The correct answer is B obligation of every citizen to contribute towards the well-being of communities.
