2022 Business Studies Grade 11 Round 2

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2022 Business Studies Grade 11 Round 2

Gr 11 R2

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Influence and control factors affecting the business environments

Use the extract below and answer Questions 1 and 2.

South Africa's unemployment rate increased by 35,3% in the fourth quarter of 2021. It was the highest unemployment rate since quarterly data became available in 2008.

(https://tradingeconomics.com/south-africa/unemployment-rate, accessed 24/05/2022)

Untitled Title

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

1 point

Less tax available is to the government.

Fewer customers are available, as less disposable income is available.

Increase in customers as demand for goods increases.

No effect on the market environment.

Clear selection

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

1 point

Increase in production as the demand for goods and services increases.

Decrease in production as the demand for goods and services increases.

Increase in production as the demand for goods and services decreases.

Decrease in production as the demand for goods and services decreases.

Clear selection

State whether the challenges in Questions 3 and 4 are from the micro-, market, or macro-environment.

3. Identify the business environment where the 2021 looting in KZN and Gauteng originated.

1 point

Micro-environment.

Market environment.

Macro-environment.

None of the above.

Clear selection

4. Woolworths developed their Dash app shortly after Checkers’ 60Sixty app. This is an example of an element in the ___________ environment.

1 point

micro-

market

macro-

None of the above.

Clear selection

Adapting to challenges in the business environments

5. The Pick n Pay ASAP app offers an online ordering system. This modern marketing strategy allows customers to conveniently order over the internet and have their purchases delivered from the nearest Pick n Pay store right to their front door. This distribution channel would best be illustrated as:

1 point

Clear selection

6. Companies spend vast amounts of money on advertising. Advertising on social media during the COVID lockdown had the following effect on the prices of products:

1 point

The prices of products increased to absorb the advertising expenses.

The prices of products decreased, due to the economies of scale brought about by the increased demand for the product.

Both of the above statements are possible.

Prices are unaffected by advertising, only sales and therefore, profits increase.

Clear selection

7. Choose the CORRECT combination. Management has some influence over the market environment and therefore, it needs to ensure that:

1) attention is paid to CSR programmes.

2) there is communication and bargaining with trade unions.

3) the channel leaders in the distribution network are identified.

4) the relationships with stakeholders are nurtured.

1 point

1 and 2

2 and 3

1 and 4

1, 2, 3, and 4

Clear selection

8. A business has full control over:

1 point

trade unions.

the technological environment.

competitors.

the functions of the business.

Clear selection

Socio-economic issues

9. _______ of the South African adult population has been fully vaccinated against COVID.

1 point

Between 10 and 15%

Between 29 and 32%

Between 35 and 40%

Between 42 and 45%

Clear selection

10. KwaZulu-Natal Premier, Sihle Zikalala, says the preliminary costs of damage following the unrest and looting in KZN are estimated at R_____________.

1 point

2 billion

7 million

17 billion

1 billion

Clear selection

11. Fill in the missing information for the statement below published on the Lancet website of April 2022.

A new plan aims to enable Africa to locally manufacture ______ of its vaccine requirements by 2040.

1 point

50%

55%

60%

65%

Clear selection

12. Corporate Social Investment (CSI) can best be defined as:

1 point

the actual resources in the form of money, manpower, and machinery used to promote the welfare of all stakeholders.

a programme that sets out the rules for the internal management of the business.

an investigation of unethical practices in the organisation.

management’s obligation to protect and promote the welfare of all employees.

Clear selection

13. Which of the following statements does not focus on the advantages of a CSR programme in a business?

1 point

CSR detracts a business from its main focus of making a profit.

Businesses with a CSR programme receive better support from the community.

CSR programmes help businesses to focus on their impact on the environment.

CSR programmes increase the standard of living in communities.

Clear selection

Business Sectors

14. Fill in the missing information for the statement below published on Moneyweb in May 2021.

Mining and manufacturing comprise almost a quarter of gross domestic product, while trade, which includes the retail sector, contributes:

1 point

5%.

20%.

27%.

16%.

Clear selection

15. Indicate whether the following statements are TRUE or FALSE. If FALSE, correct the statement.

A dualistic economy refers to the existence of two distinct types of economic segments within an economy:

1 point

False; free-market economy.

True.

False; command-market economy.

False; traditional-market economy.

Clear selection

Use the statistics below and answer Question 16.

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

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. If the South African rand depreciates, it is a/an _______________ for exporters and a/an ________________ importers.

1 point

threat; opportunity

opportunity; threat

threat; threat

opportunity; opportunity

Clear selection

Forms of Ownership

18. Most entrepreneurs will need a loan to finance a new business venture. What was the repo rate in South Africa at the end of May 2022?

1 point

Between 1% and 2%

Between 2% and 3%

Between 4% and 5%

Between 7% and 8%

Clear selection

Use the information below to answer Questions 19 and 20.

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

1 point

R5 715

R17 145

R16 002

R37 500

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. The aim of finding creative solutions to business-related problems is to create and maintain a:

1 point

competitive advantage.

profit.

good staff turnover.

good relationship with consumers.

Clear selection

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

The spirit of the African worldview includes wholeness, community, and harmony, which are deeply embedded in cultural values.

1 point

Indigenous thinking.

Force Field analysis.

Incentive thinking.

Restraining forces.

Clear selection

23. The following theory examines a person’s entire character and reputation, rather than looking at the action itself:

1 point

Principle-based.

Narrative-based.

Virtue-based.

Outcomes-based.

Clear selection

24. The ‘OT’ in SWOT includes an analysis of the ______ factors within a business.

1 point

internal

external

micro

public

Clear selection

25. When businesses use models to advertise diet shakes to teenagers, it is an example of:

1 point

consumerism.

materialism.

accountability

competitive advertising.

Clear selection

Professionalism and Ethics

26. Conducting business in an ethical manner is known as:

1 point

corporate citizenship.

social investment.

social responsibility.

corporate involvement.

Clear selection

27. An unethical business practice could be:

1 point

Wimpy advertising on billboards close to Nando’s.

Debonairs employing unskilled workers.

Tashas requiring new waiters to undergo HIV/AIDS testing when it is prohibited by law.

McDonald’s selling unhealthy fast foods.

Clear selection

28. Choose the correct statement.

1 point

Ethical behaviour is not linked to cultural values.

Ethics entails acting according to 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 a social gathering.

Clear selection

29. The following statement is FALSE. Change the underlined word(s) in each statement to make the statement TRUE.

Insider trading is the act of taking or receiving something with the intention to influence the recipient in some way that is favourable to the party providing the gift.

1 point

Stealing

Piracy

Bribery

Bootlegging

Clear selection

30. Fraud can be defined as:

1 point

imposed by a judge or court but not enforced.

deception intended to result in financial gain.

withdrawal from commercial or social relations.

making an exact imitation of something valuable.

Clear selection

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