# Business Studies Grade 11 P2 Eastern Cape November 2024 Memo > Grade 11 Business Studies Paper 2 memorandum from the Eastern Cape November Exam 2024 (English), 29 pages. Read online or download the free PDF. - Page: https://www.hlayiso.com/library/business-studies-gr-11-p2-mg-eng-watermark/73eb0603-6d98-4a00-94a2-c10deb7d95da - Updated: 2026-09-27 - Subject: Business Studies - Grade: Grade 11 - Document type: Memorandum - Year: 2024 - Exam period: Eastern Cape November Exam - Paper: 2 - Curriculum: CAPS - Pages: 29 Breadcrumbs: [Home](https://www.hlayiso.com/) › [Library](https://www.hlayiso.com/library) › [Grade 11](https://www.hlayiso.com/library/grade-11) › [Business Studies](https://www.hlayiso.com/library/grade-11/business-studies) › [Business Studies Grade 11 P2 Eastern Cape November 2024 Memo](https://www.hlayiso.com/library/business-studies-gr-11-p2-mg-eng-watermark/73eb0603-6d98-4a00-94a2-c10deb7d95da) ## About this document Business Studies · Grade 11 · Eastern Cape November Exam · 2024. Memorandum, 29 pages. Read online or download the PDF. Read it free online on the page above; download the PDF from there. ## Document text Text extracted from the PDF. Layout, diagrams and tables may not survive extraction. ### Page 1 NATIONAL SENIOR CERTIFICATE GRADE 11 NOVEMBER 2024 BUSINESS STUDIES P2 MARKING GUIDELINE MARKS: 150 This marking guideline consists of 29 pages. Hosted by www.ecexams.co.za. ### Page 2 2 BUSINESS STUDIES P2 (EC/NOVEMBER 2024) NOTES TO MARKERS PREAMBLE The notes to markers are provided for quality assurance purposes to ensure the following: (a) Fairness, consistency and reliability in the standard of marking (b) Facilitate the moderation of candidates' scripts at the different levels (c) Streamline the marking process considering the broad spectrum of markers across the country (d) Implement appropriate measures in the teaching, learning and assessment of the subject at schools/institutions of learning 1. Candidates’ responses must be in full sentences for SECTIONS B and C. However, this would depend on the nature of the question. 2. A comprehensive marking guideline has been provided but this is by no means exhaustive. Due consideration should be given to an answer that is correct but: • Uses a different expression from that which appears in the marking guideline • Comes from another credible source • Original • A different approach is used NOTE: There is only ONE correct answer in SECTION A. 3. Take note of other relevant answers provided by candidates and allocate marks accordingly. (In cases where the answer is unclear or indicates some understanding, part-marks should be awarded, for example, one mark instead of the maximum of two marks.) 4. The word ‘Sub-max.’ is used to facilitate the allocation of marks within a question or sub-question. 5. The purpose of circling marks (guided by ‘max’ in the breakdown of marks) on the right-hand side is to ensure consistency and accuracy in the marking of scripts as well as for calculation and moderation purposes. 6. Subtotals to questions must be written in the right-hand margin. Circle the subtotals as indicated by the allocation of marks. This must be guided by ‘max.’ in the marking guidelines. Only the total for each question should appear in the left-hand margin next to the appropriate question number. 7. In an indirect question, the theory as well as the response must be relevant and related to the question. 8. Correct numbering of answers to questions or sub questions is recommended in SECTIONS A and B. However, if the numbering is incorrect, follow the sequence of the candidate’s responses. Candidates will be penalised if the latter is not clear. 9. No additional credit must be given for repetition of facts. Indicate with an ‘R’. Copyright reserved Please turn over Hosted by www.ecexams.co.za. ### Page 3 (EC/NOVEMBER 2024) BUSINESS STUDIES P2 3 10. The differentiation between ‘evaluate’ and ‘critically evaluate’ can be explained as follows: 10.1 When 'evaluate' is used, candidates are expected to respond in either a positive/negative manner or take a neutral (positive and negative) stance, e.g. Positive: 'The autocratic leadership style provides strong leadership √ which makes new employees feel confident and safe '√. 10.2 When 'critically evaluate' is used, candidates are expected to respond in either a positive/negative manner or take a neutral (positive and negative) stance. In this instance candidates are also expected to support their responses with more depth, e.g., 'The autocratic leadership style provides strong leadership√ which makes new employees feel confident and safe √, as expectations/roles are clearly explained to avoid confusion’.√ NOTE: 1. The above could apply to ‘analyse’ as well. 2. Note the placing of the tick (√) in the allocation of marks. 11. The allocation of marks must be informed by the nature of the question, cognitive verb used, mark allocation in the marking guideline and the context of each question. Cognitive verbs, such as: 11.1 Give, name, state, outline, quote, motivate, recommend, suggest, advise (list not exhaustive) do not usually require much depth in candidates’ responses. Therefore, the mark allocation for each statement/answer appears at the end. 11.2 Define, describe, explain, discuss, elaborate, distinguish, differentiate, compare, tabulate, analyse, evaluate, critically evaluate (list not exhaustive) require a greater depth of understanding, application and reasoning. Therefore, the marks must be allocated more objectively to ensure that assessing is conducted according to established norms so that uniformity, consistency and fairness are achieved. 12. Mark only the FIRST answer where candidates offer more than one answer for SECTION B and C questions that require one answer. Copyright reserved Please turn over Hosted by www.ecexams.co.za. ### Page 4 4 BUSINESS STUDIES P2 (EC/NOVEMBER 2024) 13. SECTION B 13.1 If for example, FIVE facts are required, mark the candidate’s FIRST FIVE responses and ignore the rest of the responses. Indicate by drawing a line across the unmarked portion. NOTE: 1. This applies only to questions where the number of facts is specified. 2. The above also applies to responses in SECTION C (where applicable). 13.2 If two facts are written in one sentence, award the candidate FULL credit. Point 13.1 above still applies. 13.3 If candidates are required to provide their own examples/views, brainstorm this to finalise alternative answers. 13.4 Use of the cognitive verbs and allocation of marks: 13.4.1 If the number of facts is specified, questions that require candidates to 'describe/discuss/explain' may be marked as follows: • Fact 2 marks (or as indicated in the marking guidelines) • Explanation 1 mark (two marks will be allocated in SECTION C) The ‘fact’ and ‘explanation’ are given separately in the marking guideline to facilitate mark allocation. 13.4.2 If the number of facts required is not specified, the allocation of marks must be informed by the nature of the question and the maximum mark allocated in the marking guideline. 13.5 ONE mark may be awarded for answers that are easy to recall, requires one-word answers or is quoted directly from a scenario/case study. This applies to SECTIONS B and C in particular (where applicable). 14. SECTION C 14.1 The breakdown of the mark allocation for the essays is as follows: Introduction Maximum: Content 32 Conclusion Insight 8 TOTAL 40 Copyright reserved Please turn over Hosted by www.ecexams.co.za. ### Page 5 (EC/NOVEMBER 2024) BUSINESS STUDIES P2 5 14.2 Insight consists of the following components: Layout/Structure Is there an introduction, a body and a conclusion? 2 Analysis and Is the candidate able to break down the question into 2 interpretation headings/subheadings/interpret it correctly to show understanding of what is being asked? Marks to be allocated using this guide: All headings addressed: 1 (One ‘A’) Interpretation (16 to 32 marks): 1 (One ‘A’) Synthesis Are there relevant decisions/facts/responses made based on 2 the questions? Marks to be allocated using this guide: Option 1: Only relevant facts: 2 marks (No ‘-S’) Where a candidate answers 50% or more (two to four sub-questions) of the question with only relevant facts; no ‘-S’ appears in the left margin. Award the maximum of TWO (2) marks for synthesis. Option 2: Some relevant facts: 1 mark (One ‘-S’) Where a candidate answers less than 50% (only one sub-question) of the question with only OR some relevant facts; one ‘-S’ appears in the left margin. Award a maximum of ONE (1) mark for synthesis. Option 3: Some relevant facts: 1 mark (One ‘-S’) Where a candidate answers FOUR questions, but one/two/three sub-question with no relevant facts; one ‘-S’ appears in the left margin. Award a maximum of ONE (1) mark for synthesis. Option 4: No relevant facts: 0 marks (Two ‘-S’) Where a candidate answers less than 50% (only one sub-question) of the question with no relevant facts; two ‘-S’ appear in the left margin. Award a ZERO mark for synthesis. Originality Is there evidence of one or two examples, not older than two 2 (2) years that are based on recent information, current trends and developments? TOTAL FOR INSIGHT: 8 TOTAL MARKS FOR FACTS: 32 TOTAL MARKS FOR ESSAY (8 + 32): 40 NOTE: 1. No marks will be awarded for contents repeated from the introduction and conclusion. 2. The candidate forfeits marks for layout if the words INTRODUCTION and CONCLUSION are not stated. 3. No marks will be awarded for layout, if the headings INTRODUCTION and CONCLUSION are not supported by an explanation. Copyright reserved Please turn over Hosted by www.ecexams.co.za. ### Page 6 6 BUSINESS STUDIES P2 (EC/NOVEMBER 2024) 14.3 Indicate insight in the left-hand margin with a symbol e.g. (‘L, A, -S and/or O’). 14.4 The breakdown of marks is indicated at the end of the suggested answer/ marking guideline to each question. 14.5 Mark all relevant facts until the SUB-MAX./MAX. mark in a subsection has been attained. Write SUB-MAX./MAX. after maximum marks have been obtained, but continue reading for originality “O”. 14.6 At the end of each essay indicate the allocation of marks for facts and marks for insight as follows: (L – Layout, A – Analysis, S – Synthesis, O – Originality) as in the table below. CONTENT MARKS Facts 32 (max.) L 2 A 2 S 2 O 2 TOTAL 40 14.7 When awarding marks for facts, take note of the sub-maxima indicated, especially if candidates do not make use of the same subheadings. Remember, headings and subheadings are encouraged and contribute to insight (structuring/logical flow/sequencing) and indicate clarity of thought. (See MARK BREAKDOWN at the end of each question.) 14.8 If the candidate identifies/interprets the question INCORRECTLY, then he/she may still obtain marks for layout. 14.9 If a different approach is used by candidates, ensure that the answers are assessed according to the mark allocation/subheadings as indicated in the marking guideline. 14.10 14.10.1 Award TWO marks for complete sentences. Award ONE mark for phrases, incomplete sentences and vague answers. 14.10.2 With effect from November 2015, the TWO marks will not necessarily appear at the end of each completed sentence. The ticks (√) will be separated and indicated next to each fact, e.g. ‘Product development is a growth strategy, √ where businesses aim to introduce new products into existing markets.’ √ This will be informed by the nature and context of the question, as well as the cognitive verb used. 14.11 With effect from November 2017, the maximum of TWO (2) marks for facts shown as headings in the marking guidelines, will not necessarily apply to each question. This would also depend on the nature of the question. Copyright reserved Please turn over Hosted by www.ecexams.co.za. ### Page 7 (EC/NOVEMBER 2024) BUSINESS STUDIES P2 7 SECTION A QUESTION 1 1.1 1.1.1 D √√ 1.1.2 A √√ 1.1.3 C √√ 1.1.4 A √√ 1.1.5 B √√ (5 x 2) (10) 1.2 1.2.1 partnership √√ 1.2.2 perseverance √√ 1.2.3 handouts √√ 1.2.4 conflict √√ 1.2.5 norming √√ (5 x 2) (10) 1.3 1.3.1 H √√ 1.3.2 D √√ 1.3.3 F √√ 1.3.4 J √√ 1.3.5 A √√ (5 x 2) (10) TOTAL SECTION A: 30 BREAKDOWN OF MARKS QUESTION 1 MARKS 1.1 10 1.2 10 1.3 10 TOTAL 30 Copyright reserved Please turn over Hosted by www.ecexams.co.za. ### Page 8 8 BUSINESS STUDIES P2 (EC/NOVEMBER 2024) SECTION B Mark the FIRST TWO answers only. QUESTION 2: BUSINESS VENTURE 2.1 Key success factors in a business - Sustainability √ - Strategic focus √ - Profitability √ - Customer base/Strong customer base √ - Market knowledge/Knowing your market √ - Good leadership √ - Ethics, control and good governance √ - Stable workforce √ - Unique product/service/Uniqueness of your business √ - Any other relevant answer related to the key success factors in a business. NOTE: Mark the first FOUR (4) only. (4 x 1) (4) 2.2 Aspects that must be considered when initiating a business - Strategies such as marketing/management/public relations are implemented and continuously reviewed for businesses to achieve their goals. √√ - Operations need to be implemented, staff must be employed and trained. √√ - Productivity of the effectiveness of production in terms of the rate of output per unit of input. √√ - The most appropriate size of a business must be decided on for successful operations. √√ - Any other relevant answer related to the aspects that must be considered when initiating a business. Max. (6) 2.3 Types of visual aids from statements 2.3.1 Table√√ (2) 2.3.2 Graph√√ (2) 2.4 Procedure for the formation of companies - Determine the people √ establishing the company. √ - Reserve a company name √ with the Registrar of Companies. √ - Prepare a memorandum of incorporation√, by open a bank account and register for taxation. √ - File a notice of incorporation √ and obtain a unique registration number. √ - Draw up a prospectus √ for potential investors.√ - Register the company √ at the Commission of Companies and Intellectual Property Commission (CIPC). √ - The prescribed fees √ must be paid. √ - Any other relevant answer related to the procedure for the formation of companies. Max. (6) Copyright reserved Please turn over Hosted by www.ecexams.co.za. ### Page 9 (EC/NOVEMBER 2024) BUSINESS STUDIES P2 9 2.5 Avenues of acquiring businesses from the scenario AVENUES OF ACQUIRING MOTIVATIONS BUSINESSES 1. Leasing √√ They allow businesses to enter into an agreement and make a monthly payment for the use of these properties.√ 2. Outsourcing √√ RE also offers information technology services to these businesses to allow them to focus on important business activities. √ Sub-max (4) Sub-max (2) NOTE: 1. Mark the first TWO (2) only. 2. The answer does not have to be in tabular format. 3. Award marks for the avenues of acquiring businesses even if the quotes were incomplete. 4. Do not award marks for the motivation if the avenues of acquiring businesses were incorrectly identified. Max. (6) 2.6 Benefits of establishing a company versus other forms of ownership 2.6.1 Legal status and liability - A company has its own legal status, √ trading name and owns its assets. √ - Shareholders' private assets are protected √ as they have limited liability. √ - The shareholders have no direct √ legal responsibility. √ - Companies have their own names √ and these are protected. √ - Any other relevant answer related to legal status and liability as a benefit of establishing a company versus other forms of ownership. Max. (4) 2.6.2 Ownership and management - Shareholders can buy and sell shares freely √ in a public company. √ - The company is managed by qualified √ and competent board of directors. √ - A company is less likely to use consultants √ as it has a larger pool of skills and expertise. √ - Directors are more likely to take risks √ and allow growth opportunities for the business. √ - Some of the other forms of ownership √ such as a sole proprietor has to rely on his/her own abilities to manage the business. √ - Any other relevant answer related to ownership and management as a benefit of establishing a company versus other forms of ownership. Max. (4) Copyright reserved Please turn over Hosted by www.ecexams.co.za. ### Page 10 10 BUSINESS STUDIES P2 (EC/NOVEMBER 2024) 2.7 Reasons why entrepreneurs may decide to purchase an existing business - Easier to raise financing if the business has a good history/image. √√ - Immediate cash flow as there are already established customers. √√ - Market research has already been done and there is an established customer base. √√ - Distribution/Supply links/Staff /Networks is/are already established. √√ - A market for business products or services has already been established. √√ - Existing employees and managers may have experience they can share. √√ - Many business problems have already been solved and mentorship may be offered. √√ - Business may come with goodwill from an established good reputation on the market. √√ - When an entrepreneur buys an existing business, it can increase its market position. √√ - Any other relevant answer related to the reasons why entrepreneurs may decide to purchase an existing business. Max. (6) BREAKDOWN OF MARKS QUESTION 2 MARKS 2.1 4 2.2 6 2.3.1 2 2.3.2 2 2.4 6 2.5 6 2.6.1 4 2.6.2 4 2.7 6 TOTAL 40 Copyright reserved Please turn over Hosted by www.ecexams.co.za. ### Page 11 (EC/NOVEMBER 2024) BUSINESS STUDIES P2 11 QUESTION 3: BUSINESS ROLES 3.1 Internal causes of change - New business objectives or goals √ - High employee turnover where many employees have to join the business √ - New policies and procedures implemented in the business √ - New management √ - Restructuring √ - Retrenchment √ - New equipment √ - Any other relevant answer related to the internal causes of change. NOTE: Mark the first FOUR (4) only. (4 x 1) (4) 3.2 Importance of stress management in the workplace - If stress is not managed effectively, it can result in absenteeism, poor performance of staff, conflict, grievance and complaints, amongst other things in the workplace. √√ - Stressed employees are more likely to miss work because they cannot cope, or because of serious health problems. √√ - Managing workplace stress will minimise absenteeism and maintain productivity in the workplace. √√ - Workers who suffer from stress often make poor decisions and errors of judgement in times of crisis and this could result in unforeseen emergencies. √√ - Grievances and complaints that lead to staff turnover can be addressed if stress is well-managed. √√ - Conflict and interpersonal problems can be avoided if stress is managed at the workplace. √√ - Having stressed and tired employees serving the public may lead to poor service and unhappy customers and can be avoided through good stress management. √√ - Stressed employees are more likely to cling to the old ways of doing things by resisting change and this can be managed through proper management of stress. √√ - Constant stress can cause many problems for a business since it can become an unhealthy environment. √√ - Too much stress can become a barrier to success and lower the performance of employees. √√ - Any other relevant answer related to the importance of stress management in the workplace. Max. (6) 3.3 Professionalism and ethics 3.3.1 Principles of professionalism and ethics from the scenario - They focus on using resources responsibly to ensure that the environment is looked after. √ - AM also practices social responsibility by giving back to poor communities. √ NOTE: 1. Mark the first TWO (2) only. 2. Only award marks for responses that are mentioned in the scenario. (2 x 1) (2) Copyright reserved Please turn over Hosted by www.ecexams.co.za. ### Page 12 12 BUSINESS STUDIES P2 (EC/NOVEMBER 2024) 3.3.2 Difference between professionalism and ethics PROFESSIONALISM ETHICS - Refers to when a person - Refers to the principles of right acquires knowledge and skills √ and wrong √ and what is to practice a specific job or acceptable in society. √ profession. √ - Set of standards √ of expected - Conforms to a set of values that behaviour. √ are morally acceptable √ within a business or organisation. √ - Applies a code of conduct √ of a - Forms part of a code of profession or business. √ conduct√ to guide employees to conduct themselves ethically. √ - Focuses on upholding the - Focuses on developing a moral reputation √ of a business or compass √ for decision-making. profession. √ √ - Includes guidelines for the - Involves following the appearance, conduct, principles of right and wrong √ communication, attitude, roles in business practices. √ and responsibilities of employees √ within the business or organisation. √ - Any other relevant answer - Any other relevant answer related to professionalism. related to ethics. Sub-max. (2) Sub-max. (2) NOTE: 1. The answer does not have to be in a tabular format. 2. The differences does not have to link, but must be clear. 3. Award a maximum of TWO (2) marks if the differences are not clear/Mark either professionalism or ethics only. Max. (4) 3.4 Functions of workplace forums - Prevent unilateral decision made by employers √ on issues affecting the employees. √ - Encourages workers participation √ in decision making. √ - Workplace forums have the right to consult the employer √ on restructuring of work methods/restructuring of job functions, etc. √ - Promotes the interests of all employees √ in the workplace. √ - Promotes efficiency in the workplace √ through co-operation. √ - Consults with the employer √ and to reach consensus about working conditions. √ - Active involvement √ in collective bargaining. √ - Any other relevant answer related to the functions of workplace forums. Max. (6) Copyright reserved Please turn over Hosted by www.ecexams.co.za. ### Page 13 (EC/NOVEMBER 2024) BUSINESS STUDIES P2 13 3.5 Major changes that people and businesses have to deal with from the scenario MAJOR CHANGES THAT MOTIVATIONS PEOPLE AND BUSINESSES DEAL WITH 1. Retrenchment √√ They reduced the number of employees at the hotel to decrease their costs. √ 2. Affirmative action √√ EH also offer equal opportunities to people from previously disadvantaged groups as a legal stipulation. √ Sub-max (4) Sub-max (2) NOTE: 1. Mark the first TWO (2) only. 2. The answer does not have to be in tabular format. 3. Award marks for major changes that people and businesses have to deal with even if the quotes were incomplete. 4. Do not award marks for the motivation if the major changes that people and businesses have to deal with were incorrectly identified. Max. (6) 3.6 Importance of teamwork - Teamwork provides a sense of unity √ that enable team members to share common interests and responsibilities. √ - Teamwork reduces stress √ and enable them to work together towards achieving a common goal. √ - Increases √ employee involvement. √ - Gives more responsibility to the members √ performing the task. √ - Team members are empowered by giving them greater authority √ and decision-making freedom. √ - The combined efforts of team members √ are more than the sum of individual efforts. √/Contribution of members in a team √ may be stronger than working individually. √ - The organisation benefits from the knowledge √ and motivation of team members. √ - Produces creative solutions √ through the process of brainstorming and research. √ - Members are committed to perform at their best √ because team members are assessed individually after the task is completed. √ - Any other relevant answer related to the importance of teamwork. Max. (6) Copyright reserved Please turn over Hosted by www.ecexams.co.za. ### Page 14 14 BUSINESS STUDIES P2 (EC/NOVEMBER 2024) 3.7 Ways in which professional, responsible, ethical and effective business practices should be conducted - Businesses should treat all their employees equally, regardless of their race, colour, age, gender, disability, etc. √√ - The mission statement of a business should include the values of equality and respect. √√ - The workplace should be a safe, fair environment where employees can do their work and not be embarrassed or exposed. √√ - The business should ensure that they pay employees fair wages and salaries which corresponds to the requirements of the BCEA. /Employees should be paid for working overtime and on public holidays. √√ - The business should respect employees and treat them with dignity by recognising the value of their human capital for work well done. √√ - All goods and services produced should be done according to the required standards and ethical requirements. √√ - New businesses should avoid using business names and ideas that are copyrighted, trademarked, and protected by law when starting a business. √√ - New business owners must plan effectively and ensure that they put preventative measures in place to protect their business. √√ - To foster employee confidence and loyalty, it is important to ensure that all staff has equal access to opportunities, positions, and resources. √√ - Engage in environmental awareness programmes. /Refrain from polluting the environment such as by legally disposing of toxic waste. √√ - Refrain from starting a venture using other businesses' ideas that are protected by law. √√ - Business decisions and actions must be clear/transparent to all stakeholders. √√ - Businesses should be accountable /responsible for their decisions and actions/patent rights. √√ - Hiring honest/trustworthy accountants/financial officers with good credentials. √√ - Regular/Timeous payment of taxes. √√ - Draw up a code of ethics/conduct. √√ - Ongoing development and training for all employees. √√ - Performance management systems. /Appraisals should be in place. √√ - Adequate internal controls/monitoring/evaluation. √√ - Any other relevant answer related to ways in which professional, responsible, ethical and effective business practices should be conducted. Max. (6) [40] Copyright reserved Please turn over Hosted by www.ecexams.co.za. ### Page 15 (EC/NOVEMBER 2024) BUSINESS STUDIES P2 15 BREAKDOWN OF MARKS QUESTION 3 MARKS 3.1 4 3.2 6 3.3.1 2 3.3.2 4 3.4 6 3.5 6 3.6 6 3.7 6 TOTAL 40 Copyright reserved Please turn over Hosted by www.ecexams.co.za. ### Page 16 16 BUSINESS STUDIES P2 (EC/NOVEMBER 2024) QUESTION 4: MISCELLANEOUS TOPICS BUSINESS VENTURES 4.1 Stages of action plan/Steps to follow when drawing up an action plan Stages of action plan - The summary of the vision, mission, long term and short-term goals must be defined. √ - Define the steps you would take to get there. √ - Start with what must be done first /prioritise. √ - Identify the end point for each step. √ - Arrange the steps in logical order. √ - Think about any problem that may happen. √ - Review progress regularly. √ - Identify indicators to confirm progress. √ - Any other relevant answer related to the stages of action plan. OR Steps to follow when drawing up an action plan - Strategic planning of the business./Know where you want to go. √ - Create measurable goals. √ - List the task to be performed. √ - Divide the big tasks into smaller tasks or more manageable parts. √ - Decide on deadlines of every activity. √ - Create a visual representation of the action plan. √ - Regular check the progress. √ - Any other relevant answer related to the steps to follow when drawing up an action plan. NOTE: Mark the first FOUR (4) only. (4 x 1) (4) 4.2 Meaning of memorandum of incorporation - MOI serves as the constitution √ of a company. √ - Companies are governed according to the rules stated √ in the MOI. √ - MOI includes information √ about a company’s name, registered office and records. √ - MOI describes the relationship between the business √ and its stakeholders. √ - MOI describes the rights, responsibilities and duties √ of the shareholders and directors. √ - MOI provides details about incorporation, the number of directors √ and the share capital. √ - Any other relevant answer related to the meaning of the memorandum of incorporation. Max. (4) 4.3 Start a business venture 4.3.1 Source of funding from the scenario Angel funding √√ (2) Copyright reserved Please turn over Hosted by www.ecexams.co.za. ### Page 17 (EC/NOVEMBER 2024) BUSINESS STUDIES P2 17 4.3.2 Reasons why businesses need funding - Cover the start-up costs √ including premises/machinery/raw materials. √ - Run the business √ and have enough money to pay employees/suppliers of raw material.√ - Pay for cost of input √ such as wages, telephone other expenses. √ - Expand the business √ as the orders/sales increase and bigger premises need to be establish. √ - Any other relevant answer related to the reasons why businesses need funding. Max. (6) 4.4 Factors that the presenter must consider when preparing a presentation - Be clear about the purpose of presentation. √√ - Write down an outline of the important information that needs to be shared with your audience.√√ - Ensure that the main aim of the presentation is captured in your opening statement. √√ - Familiarise yourself with the content of the presentation to ensure a smooth flow of the presentation. /Research the topic in depth. √√ - Be familiar with the background of your audience, so that your presentation speaks to their area of interest. √√ - Include simple language in your presentation. √√ - Formulate a rough draft of your presentation, it should include a logical flow of information, starting from the introduction to the body, and finally the conclusion. √√ - Summarise the main facts of the body in your conclusion and link your conclusion to the initial purpose of the presentation. √√ - Include visual aids that will enhance your presentation. √√ - Practice the delivery of your presentation to ensure that the allocated time is not exceeded. √√ - Prepare yourself for possible clarity questions that your audience may ask after the presentation. √√ - Consider external factors, e.g. noisy surroundings, which may influence the presentation. √√ - Any other relevant answer related to factors that the presenter must consider when preparing a presentation. Max. (4) Copyright reserved Please turn over Hosted by www.ecexams.co.za. ### Page 18 18 BUSINESS STUDIES P2 (EC/NOVEMBER 2024) BUSINESS ROLES 4.5 Causes of conflict in the workplace - Lack of proper communication between leaders and members. √√ - Differences in backgrounds, cultures, values, beliefs, and language. √√ - Limited business resources. √√ - Different goals, objectives for groups and individuals. √√ - Unfair workload among the employees. √√ - Personality differences between groups and individuals. √√ - Different opinions and priorities between the employees. √√ - Unmanaged stress can cause unhappiness and lead to more stress. √√ - Poor organisation, leadership, and administrative procedures and systems. √√ - Confusion about scheduling and deadlines. √√ - Ignoring rules and procedures. √√ - Misconduct and unacceptable behaviour. √√ - Competitiveness and unrealistic expectations. √√ - Lack of clarity in roles and responsibilities. √√ - Constant changes in the workplace. √√ - Unfair treatment of workers or favouritism by management. √√ - Lack of trust among workers. √√ - Different attitudes, values, or beliefs. √√ - Disagreements about needs, goals, priorities, and interests. √√ - Inconsistency in leadership decisions. √√ - Lack of information needed to do jobs properly. √√ - Stereotyping and prejudging. √√ - Lack of teamwork between the employees. √√ - Different values/levels of knowledge/skills/experience of managers/workers. √√ - Little/no co-operation between internal and/or external parties/ stakeholders. √√ - Lack of recognition for good work, when a manager may not show appreciation for extra hours worked to meet deadlines. √√ - Lack of employee development may increase frustration levels as workers may repeat errors due to a lack of knowledge/skills. √√ - Leadership styles used such as autocratic managers may not consider worker inputs. √√ - Lack of agreement on mutual matters such as remuneration/working hours. √√ - Lack of commitment which may lead to an inability to meet pre-set targets. √√ - Any other relevant answer related to the causes of conflict in the workplace. Max. (6) 4.6 Stages of team development from statements 4.6.1 Forming √√ (2) 4.6.2 Adjourning/Mourning √√ (2) Copyright reserved Please turn over Hosted by www.ecexams.co.za. ### Page 19 (EC/NOVEMBER 2024) BUSINESS STUDIES P2 19 4.7 Theories of ethics that are applicable in the workplace Consequential theory √√ - The consequentialist theory suggest that an action is good or bad depending on its outcome. √ - It tries to answer the ethical questions about right or wrong and how we arrive at this answer. √ - It determines whether to do or not do something based on the expected result of the action. √ - If the expected result is good then, it’s ethically right to do; if the expected result is bad, then it is ethically wrong to do. √ - Business must promote or generate the greater value for society, while harming as few as possible. √ - Any other relevant answer related to the consequential theory applicable to the workplace. Theory (2) Discussion (1) Sub-max (3) The common good approach √√ - The common good approach ensures that business values and ethical principles are in line with the society in which the business operates.√ - It recognises that ethics and values vary from area to area and from country to country. √ - Any other relevant answer related to the common good approach theory applicable to the workplace. Theory (2) Discussion (1) Sub-max (3) The rights approach√√ - The focus of the rights approach is on individual rights – where people are treated with respect and dignity. √ - Business should not impose its mission or products on people. √ - Employees working within a business should not be ill-treated for any reason. √ - Ethics and behaviour are motivated by promoting the rights of people. √ - Basic rights of people are identified and protected e.g. right to freedom and life. √ - Aims at promoting and protecting human rights. √ - Focuses on process and outcomes. /Works towards outcome and process goals. √ - Recognizes that rights can only be realised with empowerment. √ - Any other relevant answer related to the rights approach theory applicable to the workplace. Theory (2) Discussion (1) Sub-max (3) NOTE: Mark the first TWO (2) only. Max. (6) Copyright reserved Please turn over Hosted by www.ecexams.co.za. ### Page 20 20 BUSINESS STUDIES P2 (EC/NOVEMBER 2024) 4.8 Ways in which businesses could deal with crises in the workplace - Assess and evaluate the nature of the crisis. √√ - When a crisis happens the affected department or persons should respond to the situation in a calm manner and determine what the nature and cause of the crisis is in order to plan an appropriate response. √√ - Intervene swiftly and with urgency, but without panicking or overreacting. √√ - Identify the real nature of the crisis by making a thorough assessment of the situation and seeking expert opinions. √√ - Assess when the crisis happens and quickly find out what has happened without over-reacting. √√ - Deal with the crisis directly and timeously without trying to avoid/minimise the seriousness of the situation. √√ - Plan/Identify and prioritise the actions required. √√ - Inform/Provide accurate and correct information. √√ - Obtain expert advice if the crisis falls outside the business’ scope of expertise. √√ - Manage the seriousness of the situation by responding to the situation immediately. √√ - Ensure that accurate and correct information is provided when managing the situation or crisis. √√ - Provide training and support to staff members affected by the situation. √√ - Contain the situation as effectively as possible to minimise any potential damage to the business. √√ - Communicate with all stakeholders to ensure that they are properly briefed about the events, its impact and the actions that should be taken. √√ - The management team of the business should appoint a spokesperson to manage all the media briefings. √√ - Debriefing sessions should be arranged for all those directly involved in the crisis. √√ - Support/Guide others through the situation by providing training and support. √√ - Regain control/Manage the situation in a calm manner until the crisis is over. √√ - Call for help and seek assistance/advice and support from the appropriate agencies and professionals. √√ - Implement and evaluate the efficiency of the emergency plan during the crisis. √√ - If necessary, revise and amend the emergency plan after the crisis.√√ - Any other relevant answer related to ways in which businesses could deal with crisis in the workplace. Max. (4) [40] Copyright reserved Please turn over Hosted by www.ecexams.co.za. ### Page 21 (EC/NOVEMBER 2024) BUSINESS STUDIES P2 21 BREAKDOWN OF MARKS QUESTION 4 MARKS 4.1 4 4.2 4 4.3.1 2 4.3.2 6 4.4 4 4.5 6 4.6.1 2 4.6.2 2 4.7 6 4.8 4 TOTAL 40 TOTAL SECTION B: 80 Copyright reserved Please turn over Hosted by www.ecexams.co.za. ### Page 22 22 BUSINESS STUDIES P2 (EC/NOVEMBER 2024) SECTION C Mark the FIRST question only. QUESTION 5: BUSINESS VENTURES (TRANSFORMING A BUSINESS PLAN INTO AN ACTION PLAN) 5.1 Introduction - Project planning steps will ensure that business projects are completed successfully. √ - A business plan is a written document which gives a comprehensive overview of a proposed business. √ - Project managers use timelines and Gantt charts/WBS as tools to get their jobs done, many of which are specific to a single company or product. √ - An action plan consists of a checklist of steps or tasks that need to be executed in order to reach the business goals. √ - Any other relevant introduction related to the project planning steps/purpose of a business plan/importance of timelines/Gantt charts/WBS/importance of an action plan. (Any 2 x 1) (2) 5.2 Project planning steps - Define the scope of the plan to be done such as define what the purpose/first and last activities will be. √√ - Identify project supporters / resources such as people, budget, and time that will be needed. √√ - Analyse each main activity by breaking the project down into activities. √√ - Set time frames and determine how much time you will need to allocate to each activity. √√ - Set milestones/targets such as what the main completion point is. √√ - Determine accountabilities/person responsible for the decision made. √√ - Calculate the financial/human and technical resources that need to be allocated. √√/Determine available resources. √√ - Plot the activity schedule into a Gantt chart. √√ - Execute the project plan. √√ - Monitor progress regularly. √√ - Communicate and review project progress. √√ - Keep records of all activities. √√ - Any other relevant answer related to the project planning steps. Max. (12) Copyright reserved Please turn over Hosted by www.ecexams.co.za. ### Page 23 (EC/NOVEMBER 2024) BUSINESS STUDIES P2 23 5.3 Purpose of a business plan - Gain insight √ in the market and competition. √ - Obtain funding √ from investors. √/Used to convince other people of the profitability of the business √ such as applying for finance for a bank. √ - Set realistic goals √ and objectives. √ - Identify the right talent √ for moving the business vision forward. √ - Make correct decisions √ and manage the business. √ - Communicate the business plan √ to various stakeholders. √ - Offers direction √ of a proposed business. √ - Explain the business objectives, how it will operate, how the finances, resources will be handled √ and what the business aims to achieve. √ - Used to check the performance √ of the business against set goals. √ - A tool used to sell √ or market the business. √ - To identify √ possible strengths, weaknesses, opportunities and threats. √ - Any other relevant answer related to the purpose of a business plan. Max. (12) 5.4 Importance of planning tools Importance of timelines as a planning tool - They help the planners to project dates √ in advance. √ - Timelines serve as a planning tool that help to indicate the due date or date of completion √ for each of the short term objectives and tasks. √ - Timelines keep information in the order √ that it has to be in. √ - Dates are also very well organised in a timeline as well as sequence of events √ that the information could be in. √ - Assists project management in meeting their targets √ and exceed client expectations. √ - Any other relevant answer related to the importance of timelines. Sub-max. (6) Importance of Gantt charts as a planning tool - Easy to prepare √ and understand. √ - Events are shown √ in a chronological order. √ - The time needed for an activity √ is shown visually. √ - Managers and team members can see √ which activities run concurrently. √ - Team members can see √ who is responsible for each activity. √ - They show progress on an activity √ and enable managers to monitor progress. √ - Interrelated tasks can be used √ at a glance. √ - Any other relevant answer related to the importance of Gantt charts. Sub-max. (6) OR Copyright reserved Please turn over Hosted by www.ecexams.co.za. ### Page 24 24 BUSINESS STUDIES P2 (EC/NOVEMBER 2024) Importance of timelines and Gantt charts/WBS - These tools help the project staff to project dates √ and set up plans to achieve set goals in advance. √ - They are vital to project managers as businesses try to meet √ and exceed client expectations. √ - Project managers use them as tools to get their jobs done, √ many of which are specific to a single company or product. √ - The Gantt chart shows progress on an activity √ and enable managers to monitor progress. √ - Timelines serve as planning tools that help to indicate the due date/date of completion √ for each of the short-term objectives and tasks. √ - Timelines keep information in a sequential order √ and dates on which an activity must be done. √ - Any other relevant answer related to the importance of timelines and Gantt charts/WBS. Max. (12) 5.5 Importance of an action plan - An action plan enables projects to be achieved within a specific time. √√ - Businesses are able to prioritise activities according to their importance. √√ - Can help the person responsible to be more organised. √√ - Helps employees to focus on the right activities. √√ - It is a control measure against which standards and performance can be measured. √√ - Identify problems that could occur. √√ - Acts as a monitoring tool that makes it possible to check the progress. √√ - Enables businesses to transfer their plans into actions. √√ - Enables businesses to think logically and identify gaps in the plan. √√ - It provides an opportunity for reflection of what has happened before and what actions have not helped. √√ - Can bring together individuals/experts that are knowledgeable in the area of work. √√ - Builds consensus as everyone involved can contribute their ideas. √√ - Creates ownership/accountability by creating a sense of individual and collective ownership for the action plan. √√ - Clarifies time scales that need to be done in order to achieve a particular objective. √√ - It identifies measures of success by providing a way of measuring progress towards that goal. √√ - Any other relevant answer related to the importance of an action plan. Max. (10) Copyright reserved Please turn over Hosted by www.ecexams.co.za. Text truncated here. 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