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SECTION C: ESSAY QUESTIONS QUESTION 5:  BUSINESS VENTURES Answer only ONE of the TWO essay questions. Number your work clearly and answer in bullet form.   Four years ago James and Theo started their own business called Threads. They have designed a unique cultural range of clothing. Their business is growing fast and they are considering asking their friend Ntombi to join them in their venture as a co-owner. In their present form of ownership they are fully liable for any debts of the business. With reference to the above scenario, write an essay on the following aspects:     Discuss a partnership by explaining the characteristics.  Justify the establishment of a partnership by elaborating on the advantages. Explain the disadvantages of a partnership. Identify and elaborate on any FOUR entrepreneurial qualities.     TOTAL FOR QUESTION 5: [40]   OR  

1.1.3 Jane & Lindewe own an accounting business. This is an example of a … (2)

AFDELING C: OPSTELVRAE VRAAG 5: BESIGHEIDSGELEENTHEDE Beantwoord slegs EEN van die TWEE opstelvrae. Nommer jou antwoorde duidelik en antwoord puntsgewys.   Vier jaar gelede het James en Theo hul eie onderneming met die naam Threads begin. Hulle het ‘n unieke kulturele reeks klere ontwerp. Hul besigheid groei vinnig en hulle oorweeg dit om hul vriend Ntombi te vra om as mede-eienaar by hulle aan te sluit. In hul huidige vorm van eienaarskap is hulle ten volle aanspreeklik vir enige skuld van die onderneming.   Skryf ‘n opstel oor die volgende aspekte aan die hand van die bostaande scenario:     Bespreek ‘n vennootskap deur die kenmerke te verduidelik. Regverdig die stigting van ‘n vennootskap deur uit te brei oor die voordele. Verduidelik die nadele van ‘n vennootskap. Identifiseer en bespreek VIER entrepreneuriese eienskappe.     TOTAAL VIR VRAAG 5 [40]   OF  

SUBJECT INSTRUCTIONS:   1. This question paper consists of THREE sections, namely SECTION A, SECTION B and SECTIONC covering Topics dealing with Business Ventures and Business Roles in Terms 1 and 2.  SECTION A: COMPULSORY SECTION B: Consists of THREE questions, ANSWER ONLY TWO questions from this section. SECTION C: Consists of TWO essays, Answer ONLY ONE of the TWO questions from this section.   2. Consider the time allocation for each question when answering.   3. Read the instructions for each question carefully and answer only what is required.   4. Number the answers correctly according to the numbering system used in this question paper.   5. Except where other instructions are given, answers must be in full sentences.   6. The mark allocation of each question will determine the length of your answer.   7. Use the table below as a guide for marks and time allocation for each question.     QUESTION SECTION MARKS TIME 1 A: Multiple choice question,  Choose the correct word and fill in the missing word 20 20 mins 2 B: THREE direct questions. Answer ONLY TWO questions 20 20 mins 3 20 20 mins 4 20 20 mins 5 C: TWO essay questions. Answer ONLY ONE essay question. 40 30 mins 6   40 30 mins     TOTAL 100 90 minutes  

1.1.5 Bongi Children’s Home is an example of a …company. (2)

VRAAG 4: DIVERSE VRAE Beantwoord enige TWEE van die DRIE vrae. Nommer jou werk duidelik en beantwoord puntsgewys. 4.1 Lees die volgende gevallestudie en beantwoord die vrae wat volg: Justine besit ‘n besigheid op haar eie. Sy het volledige eienaarskap en aanspreeklikheid. Sy het egter besluit dat sy die besigheid met ‘n ander eienaar wil deel, en hulle twee sal mede-eienaars in die onderneming wees. Justine wil die proses so eenvoudig moontlik maak en wil steeds in haar persoonlike hoedanigheid belas word.   4.1.1 Watter vorm van eienaarskap het Justine se besigheid tans? (2) 4.1.2 Gee TWEE redes vir u antwoord in vraag 4.1.1. (4) 4.1.3 Bespreek TWEE nadele vir Justine as sy ‘n openbare maatskappy sou stig. (4) 4.2 Verduidelik die doel van ‘inklusiwiteit’ in die werkplek. (6) 4.3 Onderskei tussen ‘korporatiewe maatskaplike verantwoordelikheid’ en ‘maatskaplike belegging.’ Gebruik die onderstaande tabel om bogenoemde vraag te beantwoord. (4)   KMV: KMI:         TOTAAL VIR VRAAG 4 [20]   AFDELING B TOTAAL [40]

QUESTION 3: BUSINESS ROLES Answer only TWO of the THREE questions. Number your work clearly and answer in bullet form. 3.1 Explain how businesses can use trademarks and patents to deal with piracy as a socio-economic issue. (8) 3.2 Elaborate on the meaning of social responsibility. (4) 3.3 Read the scenario below and answer the questions that follow:   Amandla Enterprise is located in an informal settlement area. The business was looted during a service delivery protest. Some employees have stopped working demanding a salary increase.   3.3.1 Identify TWO socio-economic issues that affect Amandla Enterprise from the scenario above. Motivate your answer by quoting from the scenario. (6)   Use the table below to answer this question.     SOCIO-ECONOMIC ISSUE MOTIVATION 1.   2.     3.3.2 Recommend ONE strategy to deal with ONE of the socio-economic issues identified in QUESTION 3.3.1 (2)   TOTAL FOR QUESTION 3: [20]   OR    

SECTION B: CONTEXTUAL QUESTIONS QUESTION 2: BUSINESS VENTURES Answer only TWO of the THREE questions. Number your work clearly and answer in bullet form. 2.1 State whether the following forms of ownership have limited or unlimited liability:   2.1.1 Sole proprietorship (1) 2.1.2 Partnership (1) 2.1.3 Private company (1) 2.1.4 Public company (1) 2.2 Explain the disadvantages of a non-profit company. (6) 2.3 Name another form of ownership that has similar characteristics with the private company. (2) 2.4 Outline FOUR factors that can be considered when choosing a form of ownership. (8)   TOTAL FOR QUESTION 2 [20]   OR  

1.1.4 Sonnenberger Cash & Carry het kospakkies aan die plaaslike gemeenskap geskenk. Dit is ‘n voorbeeld van … (2)

QUESTION 4: MISCELLANEOUS QUESTIONS   Answer only TWO of the THREE questions. Number your work clearly and answer in bullet form.    4.1 Read the following case study and answer the questions that follow:     Justine owns a business on her own. She has complete ownership and liability. However, she has decided that she would like to share the business with another owner and the two of them will be joint owners in the business. Justine wants to make the process as simple as possible and still wants to be taxed in her personal capacity.   4.1.1 What form of ownership does Justine’s business currently have? (2) 4.1.2 Provide TWO reasons for your answer in question 4.1.1. (4) 4.1.3 Discuss TWO disadvantages for Justine if she were to establish a public company. (4) 4.2 Explain the purpose of inclusivity in the workplace. (6) 4.3 Distinguish between Corporate Social Responsibility and Corporate Social Investment. Use the table below to answer the above question. (4)   CSR CSI         TOTAL FOR QUESTION 4: [20]   TOTAL FOR SECTION B [40]