Blog

  SECTION B: CONTEXTUAL QUESTIONS This section consists of THREE questions, only answer TWO questions. Number your questions correctly. Make use of bullet points where necessary.     QUESTION 2: BUSINESS VENTURES   2.1 Read the case study and answer the question that follow.     NEWBEE STUDIOS (NS) NS specialises in the development of new TV shows, for various TV channels. Chloe, the production manager, offers rewards to motivate employees who set and meet their targets. Garth, the marketing manager, uses charm to influence this team to work hard.   2.1.1 Identify the leadership style used by Chloe and Garth. Motivate your answer by QUOTING from the case study. (2×2)(4) 2.1.2 Describe the negative impact of Garth ’s leadership style, as identified in QUESTION 2.1.1 on businesses. (2X2)(4) 2.2 Read the extract and answer the questions that follow.     “…agreement whereby the insurer undertakes to indemnify the insured in the event of a specified loss in exchange for a premium…”   2.2.1 Provide an explanation for the following insurance terms:     2.2.1.1 Insurer 2.2.1.2 Indemnify 2.2.1.3 Average clause (3X2)(6) 2.3 Differentiate between insurance and assurance. Make use of the table below when answering this question. Insurance Assurance       (2X2)(4) 2.4 Outline THREE functions of the institution that trades with the shares of public companies. (3X2)(6) 2.5 Discuss TWO types of compulsory insurance. (2X3)(6) 2.6 Read the extract and answer the questions that follow.     Thembeka bought a flat for R500 000. She knows the importance of insurance and insured the flat for R400 000. A heater caught fire and caused damage to the amount of R40 000.   2.6.1 Calculate the amount that she would get back from the Insurer for the damage caused by the fire. (4×1)(4) 2.6.2 Elaborate on the importance of insurance for individuals and businesses. (3×2)(6)   TOTAL FOR QUESTION 2 [40]   OR  

1.1.2 The holders of … preference shares receive regular dividends and also share in the surplus profit if available. (2)

1.1.4 Conflict between an employer and an employee can be seen as a … (2)

  QUESTION 1.3: CHOOSE THE CORRECT ANSWER     Complete the following statements using the words in the list below. Choose only the correct word and type it in the space provided.     Storming; Leadership; Force Field; Fixed Property; Life Cover; Retirement Annuity; RSA Retail Savings Bonds; Management; Norming; Delphi technique   1.3.1 A minimum of R1000 is required to invest in … (2)

  QUESTION 3: BUSINESS ROLES   3.1 Read the scenario below and answer the questions that follow.     MBA Agency Hannelie has been working for MBA Agency for the past five years. She is a trustworthy and experienced employee. The business advertised a promotion position. Samson, the human resource manager, promised to appoint Hannelie in return for sexual favours. Samson also often uses the business’ fuel card for his private vehicle.   3.1.1 Quote TWO unethical business practices from the scenario above. (2×1)(2) 3.1.2 Suggest ways on how MBA Agency could deal with the unethical business practices identified in QUESTION 3.1.1. (4×2)(8) 3.2 Name the problem solving technique in EACH of the following statements:   3.2.1 An opportunity where employees randomly and spontaneously give ideas,  which are then written on a flip chart. (2) 3.2.2 Management listing advantages and disadvantages regarding possible changes  to their business structure. (2) 3.2.3 Fancy Design requested their employees to link their ideas to a picture,  object or logo that each has been given. (2) 3.2.4 The manager pretends to be talking to someone else in the chair in front of him. (2) 3.3 List any FOUR criteria for professional behaviour in the workplace. (4×1)(4) 3.4 Discuss the positive impact of creative thinking on businesses. (4×2)(8) 3.5 List any FOUR steps of the problem solving cycle. (4×1)(4) 3.6 Mind mapping is another problem solving technique that can be used by businesses. Discuss the impact of this technique. (3×2)(6)   TOTAL FOR QUESTION 3 [40]   OR  

  QUESTION 1.2: MATCH THE LEFT COLUMN WITH THE RIGHT.     Choose the description that best matches the term  in the right column. [10]

1.1.3 The amount of money to be paid monthly/annually by the insured to the insurer for indemnification, is known as a/an … (2)

1.3.5 The … is a problem-solving technique that obtains input from experts by means of a questionnaire. (2)     [10]   TOTAL FOR SECTION A [30]

  SECTION A: COMPULSORY     QUESTION 1.1: MULTIPLE CHOICE     Four options are given as possible answers to the following questions. Choose the most correct answer.   1.1.1 A school principal who gives instructions to teachers without accepting inputs from them, illustrates a  … management style. (2)

1.3.2 During the … stage of team development , team members are motivated to work towards a common goal. (2)