Formal and Informal Sectors (Grade 10 NSC Matric Business Studies): Quizzes
📚Quizzes
Practise the questions
10 questions from this quiz
ShowHide
Practise the questions
10 questions from this quiz
Which organisation must formal sector businesses register with?
Which organisation must formal sector businesses register with?
CIPC
What is the key tax difference between formal and informal sector businesses?
What is the key tax difference between formal and informal sector businesses?
Formal pays to SARS, informal doesn't
How do income patterns differ between the two sectors?
How do income patterns differ between the two sectors?
Formal: regular; Informal: irregular
At what threshold must businesses register if taxable goods/services exceed this in 12 months?
At what threshold must businesses register if taxable goods/services exceed this in 12 months?
R1 million
Which is an example of an informal sector business?
Which is an example of an informal sector business?
A spaza shop
Which Act protects workers in the formal sector?
Which Act protects workers in the formal sector?
Basic Conditions of Employment Act
What was South Africa's unemployment rate mentioned for 2020?
What was South Africa's unemployment rate mentioned for 2020?
Over 32%
What proportion of working South Africans is employed in the informal sector?
What proportion of working South Africans is employed in the informal sector?
One in every six
How many new jobs is the informal sector projected to create by 2030?
How many new jobs is the informal sector projected to create by 2030?
Almost 2 million
How does the formal sector contribute to economic measurement?
How does the formal sector contribute to economic measurement?
All activities included in GDP