# Business Studies Grade 12 P2 GP Prelim 2023 Memo (English) > Grade 12 Business Studies Paper 2 memorandum from the GP Prelim 2023 (English), 31 pages. Read online or download the free PDF. - Page: https://www.hlayiso.com/library/business-studies-p2-english-memo/8e4a7bb7-a291-4ac5-bdce-59bdc17ea5dd - Updated: 2026-09-27 - Subject: Business Studies - Grade: Grade 12 - Language: English - Document type: Memorandum - Year: 2023 - Exam period: GP Prelim - Paper: 2 - Curriculum: CAPS - Pages: 31 Breadcrumbs: [Home](https://www.hlayiso.com/) › [Library](https://www.hlayiso.com/library) › [Grade 12](https://www.hlayiso.com/library/grade-12) › [Business Studies](https://www.hlayiso.com/library/grade-12/business-studies) › [Business Studies Grade 12 P2 GP Prelim 2023 Memo (English)](https://www.hlayiso.com/library/business-studies-p2-english-memo/8e4a7bb7-a291-4ac5-bdce-59bdc17ea5dd) ## About this document Business Studies · Grade 12 · GP Prelim · 2023 · English. Memorandum, 31 pages. Read online or download the PDF. Read it free online on the page above; download the PDF from there. ## Matching paper and memo - [Business Studies P2 (English) QP](https://www.hlayiso.com/library/business-studies-p2-english-qp/4f7ee7eb-503c-461a-b9cf-1ad5eaec2063) — QP · 2023 · Eng ## Document text Text extracted from the PDF. Layout, diagrams and tables may not survive extraction. ### Page 1 Downloaded from hlayiso.com PREPARATORY EXAMINATION 2023 MARKING GUIDELINES BUSINESS STUDIES (PAPER 2) (10722) 31 pages ### Page 2 Downloaded from hlayiso.com 10722/23 NOTES TO MARKERS PREAMBLE The notes to markers are provided for quality assurance purposes to: (a) Ensure 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. For marking and moderation purposes, the following colours are recommended: Marker: Red Senior Marker/HOD: Black District Moderator: Green 2. Candidates' responses must be in full sentences for SECTIONS B and C. However, this would depend on the nature of the question. 3. Comprehensive marking guidelines have 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 guidelines • Comes from another source • Is the original • A different approach is used NOTE: There is only ONE correct answer in SECTION A. 4. 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.) 5. The word 'Sub-max' is used to facilitate the allocation of marks within a question or sub-question. 6. 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. 7. Subtotals to questions must be written in the right-hand margin. Circle the subtotals as indicated by the allocation of marks at the end of each question. 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. 2 ### Page 3 Downloaded from hlayiso.com 10722/23 8. In an indirect question, the theory as well as the response must be relevant and related to the question. 9. 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. 10. No additional credit must be given for repetition of facts. Indicate with an' R'. 11. The differentiation between 'evaluate' and 'critically evaluate' can be explained as follows: 11.1 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: 'COIDA eliminates time and costs spent√ on lengthy civil court proceedings.' 11.2 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. 'COIDA eliminates time and costs spent  on lengthy civil court proceedings , because the employer will not be liable for compensation to the employee for injuries sustained during working hours as long as it can be proved that the business was not negligent.'√ NOTE: 1. The above could apply to 'analyse' as well. 2. Note the placing of the tick () in the allocation of marks. 12. The allocation of marks must be informed by the nature of the question, the cognitive verb used, the mark allocation in the marking guidelines and the context of each question. Cognitive verbs, such as: 12.1 Advise, name, state, mention, outline, motivate, recommend, suggest, (list not exhaustive) do not usually require much depth in candidates' responses. Therefore, the mark allocation for each statement/answer appears at the end. 12.2 Define, describe, explain, discuss, elaborate, distinguish, differentiate, compare, tabulate, analyse, evaluate, critically evaluate (list not exhaustive) all require a greater depth of understanding, application and reasoning. Therefore, the marks must be allocated more objectively to ensure that assessment is conducted according to established norms so that uniformity, consistency and fairness are achieved. 13. Mark only the FIRST answer where candidates offer more than one answer for SECTION B and C questions that require one answer. 3 ### Page 4 Downloaded from hlayiso.com 10722/23 14. SECTION B 14.1 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) 14.2 If two facts are written in one sentence, award the candidate FULL credit. Point 14.1 above still applies. 14.3 If candidates are required to provide their own examples/views, brainstorm this to finalise alternative answers. 14.4 Use of the cognitive verbs and allocation of marks: 14.4.1 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 The 'fact' and 'explanation' are given separately in the marking guidelines to facilitate mark allocation. 14.4.2 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. 14.5 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 (where applicable). 15. SECTION C 15.1 The breakdown of the mark allocation for the essays is as follows: Introduction Content Maximum: Conclusion 32 Insight 8 TOTAL 40 4 ### Page 5 Downloaded from hlayiso.com 10722/23 15.2 Insight consists of the following components: Layout/Structure Is there an introduction, 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 2 on the questions? 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 sub- questions, but one/two/three sub-questions 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 mark (Two '-S') Where a candidate answers less than 50% (only one sub-question) of the questions with no relevant facts; two '-S' appears in the left margin. Award a ZERO mark synthesis. Originality Is there evidence of one example per topic/subtopic based 2 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 content 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. 15.3 Indicate insight in the left-hand margin with a symbol e.g., 'L, A, -S and/or O'. 5 ### Page 6 Downloaded from hlayiso.com 10722/23 15.4 The breakdown of marks is indicated at the end of the suggested answer/ marking guideline to each question. 15.5 Mark all relevant facts until the SUBMAX/MAX mark in a subsection has been attained. Write 'SUBMAX'/'MAX' after maximum marks have been obtained, but continue reading for originality 'O'. 15.6 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 15.7 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.) 15.8 If the candidate identifies/interprets the question INCORRECTLY, then he/she may still obtain marks for layout. 15.9 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 guidelines. 15.10 15.10.1 Award TWO marks for complete sentences. Award ONE mark for phrases, incomplete sentences and vague answers. 15.10.2 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. 15.11 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. 6 ### Page 7 Downloaded from hlayiso.com 10722/23 SECTION A (COMPULSORY) QUESTION 1 1.1 Multiple-choice questions 1.1.1 B  1.1.2 D  1.1.3 C  1.1.4 A  1.1.5 B  (5 x 2) (10) 1.2 Completion of sentences 1.2.1 non-profit  1.2.2 flip charts  1.2.3 triple bottom line  1.2.4 economic  1.2.5 expert  (5 x 2) (10) 1.3 Match Columns 1.3.1 C  1.3.2 I  1.3.3 E  1.3.4 F  1.3.5 H  (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 7 ### Page 8 Downloaded from hlayiso.com 10722/23 SECTION B Mark only the FIRST TWO questions in this section QUESTION 2: BUSINESS VENTURES 2.1 Factors to consider when making investment decisions • Return on investment (ROI)  • Risk  • Investment term/period  • Inflation rate  • Liquidity  • Taxation/Tax implications/Tax  NOTE: Mark the first FOUR (4) only. Any (4 x 1) (4) 2.2 Difference between insurance and assurance INSURANCE ASSURANCE Based on the principle of indemnity  Based on the principle of security/ certainty  The insured transfers the cost of The insurer undertakes to pay an potential loss to the insurer at a agreed sum of money after a certain premium  period has expired/on the death of the insured person, whichever occurred first.  It covers a specified event that may Specified event is certainty, but the occur  time of the event is uncertain  Applicable to short term insurance  Applicable to long term insurance  Examples Examples Property insurance/money in Life insurance/endowment policies/ transit/theft/burglary/fire etc. retirement annuities  Any other relevant answer that relates Any other relevant answer that relates to insurance to assurance Submax (2) Submax (2) NOTE: 1. The answer does not have to be in a tabular format. 2. The difference does not have to link but must be clear. 3. Award a maximum of TWO (2) marks if the difference is not clear/Mark either insurance or assurance only. Max. (4) 8 ### Page 9 Downloaded from hlayiso.com 10722/23 2.3 Compulsory insurance 2.3.1 Compulsory insurance from the scenario Unemployment Insurance Fund/(UIF)  (2) 2.3.2 The other meaning of the Unemployment Insurance Fund (UIF) • The UIF provides benefits to workers who have been working  and become unemployed for various reasons.  • All employees who work 24 hours or more per month  are required to be registered for UIF/contribute to the UIF.  • It is an affordable contribution that makes it possible for businesses  to appoint substitute workers in some instances.  • The business cannot be held responsible for unemployment cover  as the UIF pays out to contributors directly/dependents of deceased contributors.  • Businesses are compelled to register their employees with the fund  and to pay contributions to the fund.  • The UIF provides financial assistance for a limited period to the dependents of a deceased employee  who was registred with the UIF.  • The additional contribution of 1% by the employer ensures that the payment to the employee increases, should he/she become unemployed.  • Unemployed workers may not claim from the UIF  if they resign/dismissed/suspended /obsconded from their jobs .  Any other relevant answer related to other meaning of UIF as a type of compulsory insurance. NOTE: Do not award marks for the responses that are in the scenario in QUESTION 2.3.1. Max (4) 2.4 Situational leadership theory • Different leadership characteristics  are needed for different situations.  • The task/situation dictates the leadership style that should be applied , so leaders are adaptable/flexible/self-assured.  • Effective application of this theory may enable leaders√ to accomplish their goals.  • Relationships between leaders and employees  are based on mutual trust/respect/loyalty/integrity/honesty.  • Leaders have the ability to analyse the situation  and get the most suitable people in the right positions to complete tasks successfully.  • Leaders analyse group members/objectives/time constraints , then adopt a suitable/relevant leadership style.  • The success of this theory depends on the kind of relationship  that exists between the leader and followers/subordinates/employees.  Any other relevant answer related to the situational leadership theory Max. (6) 9 ### Page 10 Downloaded from hlayiso.com 10722/23 2.5 Types of shares from the scenario TYPES OF SHARES MOTIVATIONS 1. Ordinary shares  Shayna bought shares that will enable her to receive dividends when profit is made.  2. Preference shares  While Nana bought shares that will enable her to receive a fixed rate of dividends.  Submax (4) Submax (2) NOTE: 1. Mark the first TWO (2) only. 2. Award marks for the types of shares even if the quotes are incomplete. 3. Do not award marks for the motivations if the types of shares were incorrectly identified. 4. Accept responses in any order. Max. (6) 2.6 Role of personal attitude in successful leadership • Positive attitude releases  leadership potential for personal growth.  • A leader's good attitude can influence  the success of the business.  • Leaders must know their strengths and weaknesses  to apply their leadership styles effectively.  • Leaders should model the behaviour  that they want to see in team members.  • Great leaders understand that the right attitude  will set the right atmosphere.  • Leaders' attitude may influence  employees'/teams' thoughts/behaviour.  • Successful leaders consider the abilities/skills of team members  to allocate tasks/roles effectively.  • Enthusiasm produces confidence in a leader and inspires them to work even harder.  • A positive attitude is critical for good leadership  because good leaders will stay with the task regardless of difficulties/challenges.  • Successful employees and leaders have a constant desire to work  and achieve personal/professional success.  • Leaders with a positive attitude know  that there is always more to learn/ space to grow.  Any other relevant answer related to the role of personal attitude in successful leadership. Max. (6) 10 ### Page 11 Downloaded from hlayiso.com 10722/23 2.7 Criteria that contribute to the success and/or failure of a private company Factor Success AND/OR Failure 2.7.1 Large amounts of capital can be raised It cannot grow into a very large Capital since there is no limit on the number of business since it cannot invite the shareholders/by issuing shares to public to buy shares.  shareholders.  The company can access long term Restrictions on transferability of shares capital and therefore has good long may not attract financially strong term growth opportunities.  investors.  Even though shares are not freely Large amounts of capital cannot be transferable, large private companies obtained as capital contribution is only can raise considerable amounts of limited to private shareholders.  capital.  Any other relevant answer related to Any other relevant answer related to the contribution of capital to the the contribution of capital to the failure success of a private company. of a private company. Max (4) 2.7.2 High profits and good returns to Shareholders may sell their shares Division shareholders indicate the success of a when dividends are low, resulting in a of profits company, which increases the value of drop in share prices.  shares.  Profits generated can be re-invested to Dividends are not always paid out expand business operations.  which may discourage new investors.  Shareholders receive profits according to the type and number of their shares.  Any other relevant answer related to Any other relevant answer related to how division of profits can contribute to how division of profits can contribute to the success of a private company. the failure of a private company. Max. (4) NOTE: 1. The answer does not have to be in tabular format. 2. Mark either success AND/OR failure of EACH factor. [40] BREAKDOWN OF MARKS QUESTION 2 MARKS 2.1 4 2.2 4 2.3.1 2 2.3.2 4 2.4 6 2.5 6 2.6 6 2.7.1 4 2.7.2 4 TOTAL 40 11 ### Page 12 Downloaded from hlayiso.com 10722/23 QUESTION 3: BUSINESS ROLES 3.1 Meaning of social responsibility • It is an obligation  to work towards improving the welfare of society.  • An ethical viewpoint that says every individual/organisation has an obligation  to benefit society as a whole.  • The responsibility of every citizen individual/organisation  to contribute towards the well-being of the community and the environment in which they live.  • Businesses are required to maintain a balance  between the economy and the environment.  • The responsibility can take the form of avoiding actions that could harm the environement such as exploiting natural resources/implementing initiatives that can benefit the society.  Any other relevant answer related to the meaning of social responsibility. Max. (4) 3.2 Responsibilities of employers in protecting human health and safety in the workplace • Provide and maintain all the equipment that is necessary to perform the work.  • Equipment must be used under the supervision of a designated trained worker.  • Keep the systems to ensure that there will be no harmful impact on the health and safety of workers.  • Reduce/Remove dangers to workers and provide personal protective clothing.  • Employers must know where potential dangers might be and take measures to eliminate or limit the harm.  • Ensure that the workers’ health is not damaged by hazards resulting from production/processing/storage/transportation of materials or equipment.  • Workers must be informed/instructed/and supervised to limit potential dangers to them./Emergency exit door signs should be visible to all employees.  • Comply with safety laws which seek to promote a healthy working environment.  Any other relevant answer related to the responsibilities of employers in promoting human health and safety in the workplace. Max. (6) 12 ### Page 13 Downloaded from hlayiso.com 10722/23 3.3 Ethics and professionalism 3.3.1 Ways in which businesses should be conducted professionally, responsibly, ethically and effectively from the scenario • The management of Blaze Tiles Traders treats their employees equally, regardless of age and gender  • BTT ensures that their employees work in a conducive environment that is safe and free from embarrassment.  NOTE: 1. Mark the first TWO (2) only. 2. Only award marks for responses that are quoted from the scenario. (2 x 1) (2) 3.3.2 Other ways in which business should be conducted professionally, responsibly, ethically and effectively. • Mission statement should include values  of equality/respect.  • All workers should have access  to equal opportunities/positions/ resources.  • Plan properly  and put preventative measures in place.  • Pay fair wages/salaries  which is in line with the minimum requirements of the BCEA /Remunerate employees  for working overtime/during public holidays.  • Refrain from starting a venture using other businesses' ideas  that are protected by law.  • Engage in environmental  awareness programmes /Refrain from polluting the environment,  e.g. by legally disposing of toxic waste.  • Employers and employees need to comply with legislation  with regard to equal opportunities/human rights in the workplace.  • Businesses should develop equity programmes/promote strategies  to ensure that all employees are treated equally regardless of status/ rank/power.  • Training/Information/Business policies  should include issues such as diversity/discrimination/harassment.  • Employers should respond swiftly and fairly  to reported incidents of discrimination in the workplace.  • Orders/Tasks should be given respectfully  and allow the recipient/ employee to have a say in the manner in which the task should be performed.  • Business decisions and actions must be clear/transparent  to all stakeholders.  • Businesses should be accountable/responsible  for their decisions and actions/patent rights.  • Hire honest/trustworthy accountants/financial officers  with good credentials.  • Regular/Timeous payment of taxes and the business must disclose all needed information to SARS.  • Draw up a code of ethics/conduct and ensure that acceptable behaviour is stated in this document.  • Ongoing development and training  for all employees.  • Performance management systems/Appraisals should be in place to motivate employees.  13 ### Page 14 Downloaded from hlayiso.com 10722/23 • Adequate internal  controls/monitoring/evaluation.  • Provide quality goods/services to customersand pay attention to the safety of customers.  Any other relevant answer related to other ways in which businesses should be conducted professionally, responsibly, ethically and effectively. NOTE: Do not award marks for responses that were quoted in Question 3.3.1. Max. (6) 3.4 Correct procedures to deal with grievances in the workplace • An aggrieved employee must verbally report the incident/grievance to his/her supervisor/manager.  • Supervisor/Manager needs to resolve the issue within three to five (3 to 5) working days.  • Should the employee and supervisor not be able to resolve the grievance the employee may take it to the next level of management.  • The employee may move to a more formal process where the grievance must be lodged in writing/completes a grievance form.  • The employee must receive a written reply in response to the written grievance.  • A grievance hearing/meeting must be held with all relevant parties present.  • Minutes of the meeting must be recorded, and any resolution passed must be recorded on the formal grievance form.  • Should the employee not be satisfied, then he/she could refer the matter to the highest level of management.  • Top management should arrange a meeting with all relevant parties concerned.  • Minutes of this meeting should be filed/recorded, and the outcome/decision must be recorded on the formal grievance form.  • Should the employee still not be satisfied, he/she may refer the matter to the CCMA who will make a final decision on the matter.  • The matter can be referred to Labour Court on appeal if the employee is not satisfied with the decision taken by the CCMA.  Any other relevant answer related to the correct procedures to deal with grievances in the workplace. NOTE: Accept steps in any order. Max. (4) 14 ### Page 15 Downloaded from hlayiso.com 10722/23 3.5 Problem solving techniques from the scenario 3.5.1 Brainstorming  (2) 3.5.2 Advantages of other problem-solving techniques OTHER PROBLEM- ADVANTAGE OF EACH SOLVING TECHNIQUES 1. Delphi technique  • Businesses may use a group of experts without bringing them together.  • The experts will give the business clear ideas/solutions on how to improve productivity/profitability.  • Information received from experts can be used to solve complex business problems.  • Experts may give honest/credible opinions as they do not have a direct/personal interest in the business.  • Conflict may be avoided especially if all employees are knowledgeable and well qualified.  • Dominating employees may not take over the process as they do not form part of the problem-solving process.  • It reduces noise levels in an office environment since there is no group discussion  Any other relevant answer related to the advantages of the Delphi technique as a problem solving technique. Problem solving technique (2) Explanation (1) Sub max (3) 2. Nominal-group • It provides time to think about the question in silence before technique  responding.  • Voting on the ideas is anonymous and may be more reliable/ honest.  • Strong technique for preventing conformity to group pressure.  • Each team member/director has a chance to participate without interference from other team members.  • Everyone in the group is given an opportunity to contribute to the discussion, while avoiding the likelihood of one person dominating the group process.  • Enables the group to generate and clarifies a large amount of ideas quickly, and democratically prioritises them.  • It encourages participants to confront issues through constructive problem solving.  Any other relevant answer related to the advantages of nominal group technique as a problem-solving technique. Problem solving technique (2) Explanation (1) Sub max (3) 15 ### Page 16 Downloaded from hlayiso.com 10722/23 OTHER PROBLEM- ADVANTAGE OF EACH SOLVING TECHNIQUES 3. Force-Field • Employees feel included and are able to understand where Analysis  the business is going.  • Employees develop/grow with the business as they are included in the process.  • It provides a visual summary of all the various factors supporting and opposing a particular idea.  • Informed decisions can be made as forces for and against are critically evaluated.  • Enables businesses to strengthen the driving forces and weaken the restraining forces.  • Businesses are able to have an idea of the timeline required and the requirements of additional resources.  Any other relevant answer related to the advantages of force- field analysis as a problem-solving technique. Problem solving technique (2) Explanation (1) Sub max (3) NOTE: 1. Mark the first TWO (2) only 2. Do not award marks for the advantages of brainstorming. 3 Award full two (2) marks for the explanation of each problem solving technique if it was not named and allocate ticks accordingly for each explanation. Max. (6) 3.6 Benefits of diversity in the workplace • Workforce diversity improves the ability of businesses  to solve problems/ innovate/cultivate diverse markets.  • Employees value each other’s diversity  and learn to connect/communicate across lines of difference.  • Diversity in the workforce improves morale  and motivation of employees.  • Employees demonstrate greater loyalty to businesses  because they feel respected/accepted/understood.  • Diversified workforce can give businesses a competitive advantage , as they can render better services.  • Being respectful of differences/demonstrating diversity  makes good business sense/improves profitability.  • Diverse businesses ensure that their policies/practices empower every employee  to perform at his/her full potential.  • Stakeholders increasingly evaluate businesses  on how they manage diversity in the workplace.  • Employees from different backgrounds  can bring different perspectives to businesses.  • A diversified workforce stimulates debate  on new/improved ways of getting things done.  • Employees represent various groups  and are therefore better able to recognise customer needs/satisfy consumers.  • Businesses with a diverse workforce are more likely to have a good public image  and attract more customers.  Any other relevant answer related to the benefits of diversity in the workplace. 16 ### Page 17 Downloaded from hlayiso.com 10722/23 Max (6) 3.7 Ways in which businesses could promote social rights in the workplace • Businesses should ensure that employees have access to clean water/social security.  • Provide health care services by establishing site clinics to give employees access to basic medical examinations.  • Encourage employees./Provide opportunities for skills training/basic education.  • Encourage employees to participate in special events, e.g. World Aids day.  • Register workers with UIF to provide adequate protection in the event of unemployment/illness.  Any other relevant answer related to the ways in which businesses could promote social rights in the workplace. Max. (4) [40] BREAKDOWN OF MARKS QUESTION 3 MARKS 3.1 4 3.2 6 3.3.1 2 3.3.2 6 3.4 4 3.5.1 2 3.5.2 6 3.6 6 3.7 4 TOTAL 40 17 ### Page 18 Downloaded from hlayiso.com 10722/23 , QUESTION 4: MISCELLANEOUS TOPICS BUSINESS VENTURES 4.1 Functions of the Johannesburg Securities Exchange/JSE • Gives opportunities to financial institutions, e.g. insurance companies invest their surplus funds in shares.  • Serves as a barometer/indicator of economic conditions in South Africa.  • Keeps investors informed by publishing share prices daily.  • Acts as a link between investors and public companies.  • Shares are valued and assessed by experts.  • Small investors are invited to take part in the economy of the country through the buying/selling of shares.  • Venture capital market is made possible on the open market.  • Strict investment rules ensure a disciplined/orderly market for securities.  • Raises primary capital by encouraging new investments in listed companies.  • Mobilises the funds of insurance companies and other institutions.  • Regulates the market for trading in shares.  • Plans, researches and advises on investment possibilities.  • Ensures that the market operates in a transparent manner.  • Provides protection for investors through strict rules/legislation.  • Encourages short-term investment as shares can be sold at any time.  • Enhances job creation and increases economic growth/development.  • Facilitates electronic trading of shares/STRATE.  Channels financial resources into productive economic activities.  Any other relevant answer related to the functions of the Johannesburg Securities Exchange/JSE. Max. (6) 4.2 Principles of insurance from the statements 4.2.1 Utmost good faith  (2) 4.2.2 Insurable interest  (2) 4.3 Advantages of the autocratic leadership style • Quick decisions can be taken  without consulting/considering followers/ employees.  • Work gets done  in time/on schedule.  • Line of command/communication is clear  as it is a top-down approach/followers know exactly what to do.  • Direct supervision and strict control  ensure high quality products/service.  • Provides strong leadership  which makes new employees feel confident and safe.  • Works well in large companies  where consultation with every employee is impractical.  • Clear guidance can be given  to low-skilled/inexperienced/new staff.  Any other relevant answer related to the advantages of the autocratic leadership style on business. Max. (6) 18 ### Page 19 Downloaded from hlayiso.com 10722/23 4.4 Handling feedback after a presentation in a non-aggressive and professional manner • The presenter should stand throughout the feedback session.  • Be polite/confident/courteous when responding to questions.  • Ensure that each question/comment is clearly understood before responding./Rephrase questions if uncertain.  • The presenter should first listen and then respond.  • Provide feedback as soon as possible after the question was asked or after the session.  • Be direct/honest/sincere when responding to questions.  • Use simple language to support the examples used in the presentation.  • Keep answers short and to the point. √√ • Apologise/Acknowledge errors/mistakes if pointed out by the audience. • Encourage questions from the audience.  • Always address the question and not the person.  • Acknowledge good questions to motivate audience to ask more questions.  • The presenter should not involve himself in a debate when responding to questions.  • The presenter should not avoid the questions if he/she does not know the answer, but rather promise feedback on it.  • Address the full audience and not only the person who posed the question.  Any other relevant answer related to how the presenter should handle feedback after a presentation in a non-aggressive and professional manner. Max. (4) BUSINESS ROLES 4.5 Steps in problem-solving • Identify the problem.  • Define the problem.  • Identify possible solutions to the problem.  • Select the most appropriate alternative.  • Develop an action plan.  • Implement the suggested solution/action plan.  • Monitor the implementation of the solution/action plan.  • Evaluate the implemented solution.  Any other relevant answer related to the steps in problem-solving. NOTE: 1. Mark the first FOUR (4) only. 2. Steps may be in any order. 3. Award marks for different approaches of problem-solving steps. (4 x 1) (4) 19 ### Page 20 Downloaded from hlayiso.com 10722/23 4.6 Difference between ethical and professional behaviour ETHICAL BEHAVIOUR PROFESSIONAL BEHAVIOUR • Refers to the principles of right and • Refers to what is right/wrong/ wrong/acceptable in society.  acceptable in a business.  • Conforms to a set of values that are • Set of standards of expected morally acceptable.  behaviour.  • Forms part of a code of conduct to guide • Applying a code of conduct of a employees to act ethically.  profession or business.  • Focuses on developing a moral compass • Focuses on upholding the reputation for decision making.  of a business/profession  • Involves following the principles of right • Includes guidelines on employees’ and wrong in business activities/ appearance/communication/attitude/re practices/dealings.  sponsibility, etc.  Any other relevant answer related to ethical Any other relevant answer related to behaviour. professional behaviour. Sub max (2) Sub max (2) NOTE: 1. The answer does not have to be in a tabular format. 2. The difference does not have to link but must be clear. 3. Award a maximum of TWO (2) marks if the difference is not clear/Mark either ethical behaviour or professional behaviour only. Max. (4) 4.7 Social responsibility and corporate social investment 4.7.1 Ways in which businesses contribute time and effort in improving the well-being of employees from the scenario • BB provides transport for employees who work unusually long hours.  • BB has established coaching and mentoring programmes for junior employees.  NOTE: 1 . Mark the first TWO (2) only. 2. Only award marks for responses quoted from the scenario. (2 x 1) (2) 4.7.2 The impact of corporate social investment (CSI) on businesses Positives/Advantages • May attract experienced employees./Increase the pool of skilled labour√ which could increase productivity.  • Positive/Improved image  as the business looks after employees/ conducts itself in a responsible way.  • A business may have a competitive advantage , resulting in good publicity/an improved reputation.  • Promotes customer loyalty  resulting in more sales.  • CSI projects may be used as a marketing strategy  to promote their products.  • The business enjoys the goodwill/support  of communities.  • CSI projects promote teamwork  within businesses.  20 ### Page 21 Downloaded from hlayiso.com 10722/23 • CSI helps to attract investors  because of increased profits/income/when the business is included in the JSE SRI.  • Gives businesses tax advantages  such as tax reduction/-rebates.  • Assists in solving socio-economic issues  like poverty/ unemployment.  • The government is less likely to enforce issues through legislation  to businesses that voluntarily participate in CSI projects . • Employees feel as if they are making a difference  in working for the business.  • It helps to retain staff/lower staff turnover  as employees' health and safety are considered.  • Improves the health of its employees  through focused CSI projects.  • Businesses become more community-based by working closely with the community  to roll out skills development projects.  Any other relevant answer related to the positive impact/advantages of CSI on businesses AND/OR Negatives/Disadvantages • It is difficult to accurately measure  the effectiveness of social investment.  • Most managers are not trained/lack experience  to handle social programmes.  • Businesses find it difficult to adhere to legislation  governing CSI.  • Detailed reports must be drawn up , which can be time consuming.  • CSI activities distract business focus  from its core business functions.  • Shareholders may receive less dividends , as some profits are spent on CSI.  • Business may not be supported/Customers may not buy their products/ services  resulting in a decrease in sales.  • Small and medium enterprises find it difficult  to implement CSI programmes.  • Social spending reduces business/economic efficiency  which makes it less competitive.  • Social involvement is funded from business profits  which could have been used to the benefit of customers/reduce prices.  • It can increase financial risk,  as programs cost money and may impact negatively on profits.  • It is not easy to determine the exact needs of the communities,  which may result in fruitless expenditure on CSI.  • Employees may spend more time working on CSI projects  instead of focusing on their core duties.  • Providing goods/services that meet the needs of consumers is,  according to some stakeholders, already socially responsible.  • Some shareholders/stakeholders might withdraw their support from the business  as they feel that social issues should be the government's responsibility.  Any other relevant answer related to the negative impact/disadvantages of CSI on businesses. Max. (6) 21 ### Page 22 Downloaded from hlayiso.com 10722/23 4.8 Advantages of creative thinking in the workplace • Better/Unique/Unconventional ideas/solutions are generated.  • Complex business problems may be solved.  • Improves motivation amongst staff members.  • Management/Employees may keep up with fast changing technology.  • Creativity may lead to new inventions which improves the general standard of living.  • May give the business a competitive advantage if unusual/unique solutions/ ideas/strategies are implemented.  • Productivity increases as management/employees may quickly generate multiple ideas which utilises time and money more effectively.  • Managers/Employees have more confidence as they can live up to their full potential.  • Managers will be better leaders as they will be able to handle/manage change(s) positively and creatively.  • Managers/Employees can develop a completely new outlook, which may be applied to any task(s) they may do.  • Leads to more positive attitudes as managers/employees feel that they have contributed towards problem solving.  • Managers/Employees have a feeling of great accomplishment, and they will not resist/obstruct the process once they solved a problem/contributed towards the success of the business.  • Stimulates initiative from employees/managers, as they are continuously pushed out of their comfort zone.  • Creativity may lead to new inventions, which improves the general standard of living.  Any other relevant answer related to the advantages of creative thinking in the workplace. Max. (4) [40] BREAKDOWN OF MARKS QUESTION 4 MARKS 4.1 6 4.2.1 2 4.2.2 2 4.3 6 4.4 4 4.5 4 4.6 4 4.7.1 2 4.7.2 6 4.8 4 TOTAL 40 TOTAL SECTION B: 80 22 Text truncated here. 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