Business Studies Grade 11 Round 2

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Proverto Olympiad 2020

Business Studies Grade 11 Round 2

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Influence and control factors influencing the business environments

Use the extract below and answer Questions 1 and 2.

1. Unemployment is a macro environment issue. How does this affect the market environment?

1 point

Less tax available to government.

Less customers available, as less disposable income is available.

Increase in customers as demand increases for goods.

No effect on market environment.

Clear selection

2. Unemployment is a macro environment issue. How does this affect the micro environment?

1 point

Increase in production as demand increases for goods and services.

Decrease in production as demand increases for goods and services.

Increase in production as demand decreases for goods and services.

Decrease in production as demand decreases for goods and services.

Clear selection

Use the following diagram to answer questions 3 and 4.

3. Identify the macro environment discussed in block 2 (Equipment becomes more expensive).

1 point

Political

Physical

Technological

Environmental

Clear selection

4. Identify the Social description that could be discussed in block 3.

1 point

Increased social media publicity.

Increased unemployment due to retrenchment.

Increased labour cost due to more equipment.

Increased crime due to frustration in society.

Clear selection

Adapting to challenges in the business environments

5. Environmental scanning is:

1 point

to try and pre-empt what is happening and plan ahead.

to put the business and its role in the broader economy, involving a variety of stakeholders, into perspective.

predictable changes, which the business can plan for to some extent.

to keep a watchful eye on developments in the industry which may affect your business.

Clear selection

6. Communication between people on different levels in the organisational hierarchy – where delegation of authority and feedback on tasks take place – is called:

1 point

Horizontal communication.

Vertical communication.

Formal communication.

External communication.

Clear selection

7. Which one of the following scenarios is not seen as a challenge from the market environment in which Woolworths operates?

1 point

An advertising campaign by Pick n Pay promoting its joint venture with Discovery Health to promote healthy eating.

Lack of communication between top level management and lower level management on a new salary structure.

Changes in the demographic structure of the target market.

A news article on Woolworths regarding labour issues.

Clear selection

8. The human resource department has identified the need for a tactical plan to address the high rate of absenteeism in the operations department. This challenge is part of the ..... environment.

1 point

micro

market

macro

SMME

Clear selection

Socio-economic issues

9. How much UIF has been paid out during the national lockdown?

1 point

R6 million

R6 billion

R60 000

R600 000

Clear selection

10. Which sector has seen the most job losses during the COVID-19 pandemic?

1 point

Manufacturing sector

Primary sector

Service sector

Mining sector

Clear selection

Use the image below to answer questions 11 and 12.

11. The image above is an example of:

1 point

incorporated business practices.

incorporated citizen governance.

social business practices.

sustainable business practices.

Clear selection

12. Identify one advantage of implementing the above in an organisation.

1 point

Considering benefits of shareholder over stakeholder practices.

Considering benefits of stakeholder over shareholder practices.

Considering financial benefits over stakeholders and the environment.

None of the above.

Clear selection

13. How much money has been donated to the solidarity fund since the start of the national lockdown?

1 point

R1 billion

R3 billion

R3 million

R 300 000

Clear selection

Business Sectors

14. How much revenue has SARS lost in sin taxes since the start of the national lockdown?

1 point

R1.7 billion

R1.7 million

R 170 000

R1700 000

Clear selection

15. Identify which of the items listed below are exempted from VAT charges.

1 point

II, V, I

III, IV, V

I, III, V

I, III, IV

Clear selection

16. Which are the TWO biggest contributing primary sector industries in South Africa to our total GDP?

1 point

Finance at 20% and Government at 18%

Transport and communication at 10% and manufacturing at 13%

Agriculture at 3% and Mining at 8%

Trade at 15% and Government at 18%

Clear selection

17. What was the South African economic growth rate during the first quarter of 2020?

1 point

-2%

-5%

Clear selection

Forms of Ownership

18. Most entrepreneurs will need a loan in order to finance a new business venture. What is the current repo rate in South Africa?

1 point

Between 1% and 2%

Between 10% and 20%

Between 3% and 4%

Between 20% and 25%

Clear selection

Use the information below to answer questions 19 and 20.

19. How much VAT will be paid on the initial franchising fees for a new Wimpy outlet?

1 point

R37 500

R17 145

R16 002

R5 715

Clear selection

20. What is the percentage of the turnover paid to Famous Brands by each Franchisee?

1 point

12%

15%

Clear selection

Creativity and Problem-solving

21. Indicate whether the following statement is TRUE or FALSE. The logical spirit of an entrepreneur can be used to improve the management of existing franchises.

1 point

True

False, creative spirit

False, tactical spirit

False, operational spirit

Clear selection

22. The following extract is an example of what type of theory that needs to considered when applying creative thinking in a diverse workplace?

1 point

Indigenous thinking

Force Field analysis

Incentive thinking

Restraining forces

Clear selection

23. A group of workers who meet to discuss ways to improve quality and productivity.

1 point

Trade unions

SABS

Quality circles

CCMA

Clear selection

24. The ability to identify and tackle problems early, before they get to the stage of debilitating the group, is fundamental. Identify factors which can cause problems in teams.

1 point

Capital requisition

Inadequate role allocation

Liability for debts

Clear goals

Clear selection

25. An action step chart should include:

1 point

What, who, why, and expected outcome.

What, why, how, and who.

When, who, expected outcome, and what.

Why, how, who, and expected outcome.

Clear selection

Professionalism and Ethics

26. The following statement is FALSE. Correct the underlined words to make it TRUE.

1 point

balance sheet

code of conduct

code of ethics

memorandum of incorporation

Clear selection

27. Although 90% of Woolworths’ food and clothing products are from SA, 10% are imported. Suggest a form of protection that government can use to protect local businesses from unfair international competition.

1 point

SARS

Consumerism

Commission agent

Import taxes and levies

Clear selection

Use the extract below and answer Questions 28 and 29.

28. Identify unethical advertising behaviours.

1 point

False advertising/trying to deceive the customer.

Giving products distinctive names.

The business is only paying for services when they are needed.

Outsourcing business may have conflict with other customers.

Clear selection

29. Outline an advantage of business ethics.

1 point

Creating false wants is known as materialism.

Cultural pollution.

Ethical codes improve teamwork and productivity.

Making false statements.

Clear selection

30. Choose the most correct statement:

1 point

Ethical behaviour will be linked to cultural values.

Ethics entail acting outside of the law.

To succeed in business, one has to turn a blind eye to unethical behaviour.

It is considered unethical to do business on the golf course or at any social event.

Clear selection

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