How often The business world and business management is asked

Where it was asked

What costs marks here

The questions

1. Oct/Nov 2018, Q11 mark · multiple choice

   Complete the following statement about business functions: the ______ function creates a favourable image of the business and promotes goodwill between the business and the external groups that are directly and indirectly involved in the business. Choose the correct function from the options provided.

2. Oct/Nov 2018, Q21 mark · multiple choice

   Read the following case study: A reason for the success of Southwest Airline lies in how the airline treats its personnel. Management believes that when employees are treated well, they will treat customers well, creating a beneficial situation for all stakeholders. Southwest Airlines' wages are generally lower than those of competitors, but the company compensates by offering employees stock options, allowing them to benefit from the airline's financial success. Given that Southwest Airline operates within a free-market environment, select the statement that correctly describes what this means.

3. Oct/Nov 2018, Q31 mark · multiple choice

   Referring to the same Southwest Airline case study: businesses such as Southwest Airlines need to ensure they provide a safe environment for their employees, for example by ensuring that materials are packed, transported and moved to and within the organisation in the safest possible manner. This practice ensures that the ______ needs of employees are satisfied. Select the correct type of need.

4. Oct/Nov 2018, Q41 mark · multiple choice

   Karla is expecting her first baby and is researching hospitals that would best suit her particular needs. In order to provide Karla with the health service and care she requires during her pregnancy, the hospital needs labour, beds and medicine. Identify the correct business term for the process whereby the labour, beds and medicine are converted into a health service.

5. Oct/Nov 2018, Q51 mark · multiple choice

   Identify which one of the following statements is NOT true regarding society's scarce resources.

6. Oct/Nov 2018, Q61 mark · multiple choice

   Identify which one of the following is a characteristic of a market economy.

7. Oct/Nov 2018, Q71 mark · multiple choice

   Complete the following statement: within a ______ economy, spending is only limited by income. Choose the correct type of economy.

8. May/Jun 2017, Q11 mark · multiple choice

   This section, headed 'The business world and business management', consists of seven multiple-choice items, each worth one mark. Candidates must select the correct option and both circle it on the paper and mark it on the mark-reading sheet. Questions 2 and 3 are based on a case study which states that deregulation within the South African airline industry was introduced in 1991; before deregulation, South African Airways (SAA) was the only service provider on both the main domestic routes and the international routes, but the first decade after deregulation brought a wave of low-cost airline competitors such as Flitestar, Sun Air, Phoenix Air, Nationwide, 1time and Velvet Sky into the domestic market. Choose the option that correctly completes the statement: the primary task of business management is to (1) provide solutions for the management problems experienced in business enterprises; (2) study the economic needs that have to be satisfied in the community; (3) examine the factors in the macro-environment that influence the activities in the micro-environment; or (4) determine how an enterprise can achieve the highest possible output with the least possible input.

9. May/Jun 2017, Q21 mark · multiple choice

   This section, headed 'The business world and business management', consists of seven multiple-choice items, each worth one mark. Candidates must select the correct option and both circle it on the paper and mark it on the mark-reading sheet. Questions 2 and 3 are based on a case study which states that deregulation within the South African airline industry was introduced in 1991; before deregulation, South African Airways (SAA) was the only service provider on both the main domestic routes and the international routes, but the first decade after deregulation brought a wave of low-cost airline competitors such as Flitestar, Sun Air, Phoenix Air, Nationwide, 1time and Velvet Sky into the domestic market. Based on the case study about SAA and airline deregulation, several factors in the business world place pressure on a modern-day organisation such as SAA. Identify which one of the following factors is depicted in the mini-case study: (1) environmental change; (2) consumerism; (3) profitability; or (4) corporate social investment.

10. May/Jun 2017, Q31 mark · multiple choice

    This section, headed 'The business world and business management', consists of seven multiple-choice items, each worth one mark. Candidates must select the correct option and both circle it on the paper and mark it on the mark-reading sheet. Questions 2 and 3 are based on a case study which states that deregulation within the South African airline industry was introduced in 1991; before deregulation, South African Airways (SAA) was the only service provider on both the main domestic routes and the international routes, but the first decade after deregulation brought a wave of low-cost airline competitors such as Flitestar, Sun Air, Phoenix Air, Nationwide, 1time and Velvet Sky into the domestic market. SAA operates within a free-market economy. The attributes listed are: (a) private ownership of production factors; (b) free competition; (c) profit motive recognised; (d) limited right to strike in state enterprises. Select the combination of attributes that correctly characterises a free-market economy: (1) a and b; (2) b and d; (3) a, b and c; or (4) a, b, c and d.

11. May/Jun 2017, Q41 mark · multiple choice

    This section, headed 'The business world and business management', consists of seven multiple-choice items, each worth one mark. Candidates must select the correct option and both circle it on the paper and mark it on the mark-reading sheet. Questions 2 and 3 are based on a case study which states that deregulation within the South African airline industry was introduced in 1991; before deregulation, South African Airways (SAA) was the only service provider on both the main domestic routes and the international routes, but the first decade after deregulation brought a wave of low-cost airline competitors such as Flitestar, Sun Air, Phoenix Air, Nationwide, 1time and Velvet Sky into the domestic market. Select the term that correctly completes the statement: the term ______ is a concept that originated in media revelations of malpractice by businesses and the resultant insistence of society on restricting such malpractice through regulation. Options are: (1) consumerism; (2) business ethics; (3) transformation; (4) social responsibility.

12. May/Jun 2017, Q51 mark · multiple choice

    This section, headed 'The business world and business management', consists of seven multiple-choice items, each worth one mark. Candidates must select the correct option and both circle it on the paper and mark it on the mark-reading sheet. Questions 2 and 3 are based on a case study which states that deregulation within the South African airline industry was introduced in 1991; before deregulation, South African Airways (SAA) was the only service provider on both the main domestic routes and the international routes, but the first decade after deregulation brought a wave of low-cost airline competitors such as Flitestar, Sun Air, Phoenix Air, Nationwide, 1time and Velvet Sky into the domestic market. Identify the type of economy in which the profit motive is absent: the profit motive is absent in the ______ economy. Options are: (1) market; (2) command; (3) socialist; (4) free-enterprise.

13. May/Jun 2017, Q61 mark · multiple choice

    This section, headed 'The business world and business management', consists of seven multiple-choice items, each worth one mark. Candidates must select the correct option and both circle it on the paper and mark it on the mark-reading sheet. Questions 2 and 3 are based on a case study which states that deregulation within the South African airline industry was introduced in 1991; before deregulation, South African Airways (SAA) was the only service provider on both the main domestic routes and the international routes, but the first decade after deregulation brought a wave of low-cost airline competitors such as Flitestar, Sun Air, Phoenix Air, Nationwide, 1time and Velvet Sky into the domestic market. Marcus decides to invest in a new mining company that will mine diamonds in the Northern Cape. For his mine to succeed he will require several resources. Match the resource in Column A with its correct description in Column B, where Column A lists (a) Natural resources, (b) Human resources, (c) Capital, and (d) Entrepreneurship, and Column B lists (i) the land Marcus purchases needs to be diamond-rich; (ii) he will need to appoint several managers to run the mine since labour law states each staff member may only work a certain number of hours; (iii) Marcus has entered into a deal with one of Africa's largest mining equipment suppliers that will lease equipment to him on a five-year basis; (iv) Marcus will need to monitor South Africa's economic conditions to ensure the mine stays profitable; and (v) Marcus, along with four other business men, will have to accept the risks involved in starting this mine. Choose the correct matching combination: (1) a(i), b(ii), c(iii), d(iv); (2) a(i), b(iv), c(iii), d(v); (3) a(iii), b(i), c(ii), d(iv); (4) a(i), b(ii), c(iii), d(v).

14. May/Jun 2017, Q71 mark · multiple choice

    This section, headed 'The business world and business management', consists of seven multiple-choice items, each worth one mark. Candidates must select the correct option and both circle it on the paper and mark it on the mark-reading sheet. Questions 2 and 3 are based on a case study which states that deregulation within the South African airline industry was introduced in 1991; before deregulation, South African Airways (SAA) was the only service provider on both the main domestic routes and the international routes, but the first decade after deregulation brought a wave of low-cost airline competitors such as Flitestar, Sun Air, Phoenix Air, Nationwide, 1time and Velvet Sky into the domestic market. At Primedia Broadcasting, the business code of conduct states that all gifts exceeding the value of R350,00 need to be declared. Identify which term this scenario refers to: (1) corporate sustainability; (2) corporate social responsibility; (3) business ethics; (4) consumerism.

15. Oct/Nov 2015, Q11 mark · multiple choice

    This section, headed 'The Business World and Business Management', is a multiple-choice section in which each question counts one mark. Candidates must select the correct option from those provided. Select the option that correctly completes the statement: the purpose of business management is to _______.

16. Oct/Nov 2015, Q21 mark · multiple choice

    This section, headed 'The Business World and Business Management', is a multiple-choice section in which each question counts one mark. Candidates must select the correct option from those provided. Sasol was founded in 1950 with the aim of producing oil from coal, an idea that was considered highly unconventional at the time and drew international interest. The underlying strategic motive was straightforward: to achieve national self-sufficiency in fuel for a country lacking its own oil reserves. Based on this, identify which statement about the role of business in society is correct.

17. Oct/Nov 2015, Q31 mark · multiple choice

    This section, headed 'The Business World and Business Management', is a multiple-choice section in which each question counts one mark. Candidates must select the correct option from those provided. Sasol's management team is able to concentrate on creativity, innovation and taking advantage of opportunities presented by challenges. This capability ensures that a particular category of employee needs is satisfied. Choose the correct category of needs referred to in the blank of the statement: this ensures that the _______ needs of the employees are satisfied.

18. Oct/Nov 2015, Q41 mark · multiple choice

    This section, headed 'The Business World and Business Management', is a multiple-choice section in which each question counts one mark. Candidates must select the correct option from those provided. Several different economic systems exist around the world. In the fictional country of Utopia, every member of the community is permitted and encouraged to own houses and to profit from them by renting them out to overseas tourists. Clothing and food in Utopia are distributed according to free-market demand, without any government control, and every resident is free to choose their own career. Determine which economic system is being used in Utopia.

19. Oct/Nov 2015, Q51 mark · multiple choice

    This section, headed 'The Business World and Business Management', is a multiple-choice section in which each question counts one mark. Candidates must select the correct option from those provided. Sipho owns a small tuck shop located in Diepsloot. He set up the shop purely as a means of generating income to support his family's survival, and the business is not registered, meaning Sipho does not pay any rates or taxes on it. Identify which sector Sipho's tuck shop belongs to, by completing the statement: Sipho's tuck shop forms part of the _______ sector.

20. Oct/Nov 2015, Q61 mark · multiple choice

    This section, headed 'The Business World and Business Management', is a multiple-choice section in which each question counts one mark. Candidates must select the correct option from those provided. Identify which of the following options represents a disadvantage of a command economy.

21. Oct/Nov 2015, Q71 mark · multiple choice

    This section, headed 'The Business World and Business Management', is a multiple-choice section in which each question counts one mark. Candidates must select the correct option from those provided. South Africa currently has an unemployment rate of approximately 25%. Complete the statement to identify which type of economy, if adopted in a pure form by South Africa, would offer a strong likelihood of achieving full employment as one of its advantages: if South Africa moves towards a pure _______ economy, one of the advantages would be a strong possibility of full employment.