The Broad-Based Black Economic Empowerment Act (BBBEE) (Grade 12 NSC Matric Business Studies): Quizzes
📚Quizzes
Practise the questions
10 questions from this quiz
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Practise the questions
10 questions from this quiz
In which year was the BBBEE Act established?
In which year was the BBBEE Act established?
2003
What is a key difference between BEE and BBBEE?
What is a key difference between BEE and BBBEE?
BEE was policy; BBBEE is an Act
How many pillars does BBBEE operate through?
How many pillars does BBBEE operate through?
Five pillars
What % of annual payroll must businesses contribute for skills development if payroll exceeds R500,000?
What % of annual payroll must businesses contribute for skills development if payroll exceeds R500,000?
1%
EMEs with what % black ownership are promoted to Level 3 BBBEE scorecard?
EMEs with what % black ownership are promoted to Level 3 BBBEE scorecard?
50% or more
What is fronting in BBBEE terms?
What is fronting in BBBEE terms?
Falsifying BBBEE information
What is the maximum fine for BBBEE non-compliance?
What is the maximum fine for BBBEE non-compliance?
10% of annual turnover
What major benefit do BBBEE-compliant businesses gain access to?
What major benefit do BBBEE-compliant businesses gain access to?
Government tenders
What is nepotism in BBBEE terms?
What is nepotism in BBBEE terms?
Giving family unqualified positions
What is a key purpose of BBBEE?
What is a key purpose of BBBEE?
Enable equitable wealth distribution