LP Business Studies Grade 12 June 2024 P2 and Memo
LP Business Studies Grade 12 June 2024 P2 and Memo
LP Business Studies Grade 12 June 2024 P2 and Memo
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NATIONAL
SENIOR CERTIFICATE
GRADE 12
BUSINESS STUDIES P2
QUESTION PAPER
MARKS: 150
TIME: 2 hours
1. This question paper consists of THREE sections and covers TWO main topics.
SECTION A: COMPULSORY
SECTION B: Consists of THREE questions.
Answer any TWO of the three questions in this section.
SECTION C: Consists of TWO questions.
Answer any ONE of the two questions in this section.
2. Read the instructions for each question carefully and take particular note of what
is required.
Note that ONLY the first TWO questions in SECTION B and the FIRST question
in SECTION C will be marked.
3. Number the answers correctly according to the numbering system used in this
question paper. NO marks will be awarded for answers that are numbered
incorrectly.
4. Except where other instructions are given, answers must be written in full
sentences.
5. Use the mark allocation and nature of each question to determine the length and
depth of an answer.
6. Use the table below as a guide for mark and time allocation when answering each
question.
B: THREE direct/indirect- 2 40
type questions 3 40 70
CHOICE: Answer any TWO. 4 40
C: TWO essay-type 5 40
questions 30
CHOICE: Answer any ONE. 6 40
TOTAL 150 120
SECTION A (COMPULSORY)
QUESTION 1
A situational
B leaders and followers
C transformational
D autocratic
A Unit trusts
B Shares
C Fixed deposit
D RSA Retail Savings Bonds
1.1.3 Mrs King, the insured, must pay a certain amount when a claim is
lodged:
A Excess
B Premium
C Book value
D Interest
1.1.4 ONE of the steps that businesses may consider when handling
conflict in the workplace:
1.2 Complete the following statements by using the words provided in the list
below. Write only the word(s) next to the question numbers (1.2.1–1.2.5) in
the ANSWER BOOK.
1.2.5 The … is a written document stating the principles and values which
the business upholds.
(5 x 2) (10)
COLUMN A COLUMN B
1.3.1 Assurance A power or authority because of the position
into which they are appointed
TOTAL SECTION A: 30
SECTION B
2.2.1 These shares are issued to shareholders who started the company. (2)
2.3 Read the scenario below and answer the questions that follow.
NJOLI STATIONERY SUPPLIERS (NSS)
Bizzah is the owner of Njoli Stationery Suppliers. He rewards employees for
meeting sales targets and punishes them for not meeting deadlines.
2.3.1 Identify the leadership style used by Bizzah. Motivate your answer by
quoting from the scenario above.
2.6 Read the scenario below and answer the questions that follow.
Kwezi bought a business property worth R800 000, but he insured it for
R500 000. A hurricane destroyed a part of the property and damages were
estimated at R300 000.
2.6.1 Name the insurance clause that is applicable to the scenario above. (2)
2.6.2 Calculate the amount that Kwezi will receive as compensation from
the insurer. Show ALL calculations. (4)
3.2 Identify the unethical business practice illustrated in each of the following
scenarios.
3.2.1 Madiba Cash and Carry charges more for the same goods in the
village than in the urban areas. (2)
3.2.2 Mr Siza, the financial manager at Jakes Fittings, did not declare all
their income to SARS. (2)
3.3 Read the scenario below and answer the questions that follow.
RUBIN STEEL FACTORY (RSF)
Rubin Steel Factory is experiencing a high demand for steel materials and
RSF wants to expand their business idea by establishing another factory in
Mossel Bay. RSF needs to look at both the pros and cons before establishing
another factory.
3.5 Read the scenario below and answer the questions that follow.
Pure Cash Finance believes that good corporate governance, which includes
transparency and accountability, is key to the integrity of their organisation
and their ability to manage risk and perform at optimum levels.
3.5.1 Name TWO King Code principles for good corporate governance from
the scenario above. (2)
3.5.2 Explain how PFS could to apply each King Code principle identified in
QUESTION 3.5.1 to improve their corporate governance. (8)
3.6 Explain how businesses can apply the brainstorming technique to solve
their business problems. (8)
[40]
BUSINESS VENTURES
4.2 Read the scenario below and answer the questions that follow.
Kelly and Keith invested R5 000 in two separate accounts. Kelly invested in
a current account in a building society and receives 12% simple interest per
annum. Keith invested in a fixed deposit at Khula Bank at 12% compounded
interest per annum. The investment period of their accounts is two years.
4.2.1 Calculate the interest amount Kelly will receive after 2 years. (4)
4.2.2 Calculate the interest amount Keith will receive after 2 years. (4)
4.2.3 State the better investment option and motivate the answer. (2)
BUSINESS ROLES
4.4.1 Mr Ingwe delays the whole process until a perfect solution is reached. (2)
4.4.3 The supervisor raises his voice and uses nasty words and bullying
tactics which create a hostile environment during discussions. (2)
4.6 Recommend strategies that businesses may introduce to deal with employees who
abuse work time (8)
[40]
TOTAL SECTION B: 80
SECTION C
Keeping the above statement in mind, write an essay on the following aspects of
team performance:
TOTAL SECTION C: 40
GRAND TOTAL: 150
NATIONAL
SENIOR CERTIFICATE
GRADE 12
BUSINESS STUDIES P2
MARKING GUIDELINES
MARKS: 150
NOTES TO MARKERS
1. PREAMBLE
The notes to markers are provided for quality assurance purposes to ensure the
following:
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 ‘Submax.’ 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. 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.
8. In an indirect question, the theory as well as the response must be relevant and
related to the question.
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:
12. 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:
13. Mark only the FIRST answer where candidates offer more than one answer for
SECTION B and C questions that require one answer.
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 or use the word 'Cancel'.
14.2 If two facts are written in one sentence, award the candidate FULL credit.
Point 14.1 above still applies.
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 in
particular (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
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 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”).
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.)
15.9 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.
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 guideline, will not necessarily
apply to each question. This would also depend on the nature of the
question.
SECTION A
QUESTION 1
1.1 1.1.1 C √√
1.1.2 D √√
1.1.3 A √√
1.1.4 B √√
1.1.5 B √√
(5 x 2) (10)
1.3 1.3.1 H √√
1.3.2 J √√
1.3.3 I √√
1.3.4 G √√
1.3.5 B √√
(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
SECTION B
Motivation
He rewards employees for meeting sales targets and punishes them for not
meeting deadlines. √ (1)
NOTE: 1. Award marks for the leadership style even if the quote is
incomplete.
2. Do not award marks for the motivation, if the type of
leadership style was incorrectly identified.
Max (3)
2.3.2 Impact of transactional leadership style
Positives/Advantages
- Encourages employees to work hard √ because they will receive
rewards. √
- Improves employees' productivity √ and morale. √
- The goals and objectives of the business can be achieved √ as
workers are motivated. √
- Employees know √ what is expected of them. √
- Disciplinary action procedures √ are well communicated. √
- Any other relevant answer related to a positive impact/
advantages of a transactional leadership style.
AND/OR
Negatives/Disadvantages
- Employees may become bored/lose creativity √ as they have to
follow rules/ procedures. √
- A transactional leader will have to monitor the work performance
of employees √ to ensure that expectations are met. √
- Managing/controlling employees √ may be time-consuming. √
- Some employees may be demoralised/udemotivated √ if they fail
to reach/meet targets despite having worked very hard. √
- Not suitable for team work as all team members can be
punished √ for poor performance caused by one team member. √
- Any other relevant answer related to a negative
impact/disadvantages of a transactional leadership style. Max. (8)
2.4 Situations in which the democratic and laissez faire leadership styles can
be applied in the workplace
500 000
= 800 000 x 300 000 √
= R187 500 √√
NOTE: 1. Allocate full marks (4) if the answer is correct and no workings
are shown.
2. If workings were shown correctly, but the final answer is wrong,
award a maximum of TWO (2) marks.
3. If the answer is incorrect, award a maximum of ONE mark for the
understanding of concept and method.
Max. (4)
BREAKDOWN OF MARKS
QUESTION 2 MARKS
2.1 3
2.2 4
2.3.1 3
2.3.2 8
2.4.1 4
2.4.2 4
2.5 4
2.6.1 2
2.6.2 4
2.7 4
TOTAL 40
PROBLEM-SOLVING DECISION-MAKING
- Problems can be solved by a - It is often done by one person/a
group/ team √ or an individual team member of senior
member. √ management √ who makes it
authoritarian. √
- Alternative solutions are generated/ - Various alternatives are
identified √ and critically considered √ before deciding on
evaluated. √ the best one. √
- Process of analysing a situation √ - It is part of the problem solving
to identify strategies to bring about cycle √ as decisions need to be
change. √ taken in each step. √
- Any other relevant answer related - Any other relevant answer
to problem-solving. related to decision-making.
Submax. (2) Submax. (2)
3.5.1 Transparency √
Accountability √
(2 x 1) (2)
Principle Application
Transparency - Decisions/Actions must be clear√ to
all stakeholders. √
- Businesses should give details of
shareholder’s voting rights to them√
before/ at Annual General
Meeting. √
- Business dealings/transactions√
must be open/honest. √
- Business policies and processes
must be clear√ and understood by all
stakeholders.√
- The board of directors must report
on both the negative and positive
impact√ of the business on the
community/environment. √
- Any other relevant answer related
to how businesses can apply
Transparency as a King Code
principle for good corporate
governance.
Submax. (4)
Accountability - Businesses should be
accountable/responsible√ for their
decisions. √
- Businesses should present
accurate annual reports√ to
shareholders at the Annual General
Meeting (AGM). √
- Top management should ensure
that other levels of top
management are clear√ about their
roles and responsibilities to improve
accountability. √
- Any other relevant answer related to
how businesses can apply
Accountability as a King Code
principle for good corporate
governance.
Submax. (4)
BREAKDOWN OF MARKS
QUESTION 3 MARKS
3.1 3
3.2 4
3.3.1 3
3.3.2 8
3.4 4
3.5.1 2
3.5.2 8
3.6 8
TOTAL 40
BUSINESS VENTURES
4.2 Investments
4.2.1 Simple interest (Kelly)
FORMULA: Interest = P x R x T √
=R5 000 x 12%√ x 2 years √
= R1 200 √√√√
Motivation
Keith receives more interest/R72 more interest/has a higher
return on his investment over 2 years/earns interest on interest
accrued.√ (1)
Max. (2)
BUSINESS ROLES
4.6 Strategies that businesses may introduce to deal with employees who
abuse work time
- Speak directly to those employees who abuse work time. √√
- Code of conduct/ethics should contain clear rules about abuse of work
time. √√
- Conduct training on the contents of the code of conduct/ethics. √√
- Code of conduct/ethics should be signed by all employees so that they
are aware of its contents. √√
- Monitor employees to ensure that tasks are completed.√√
- Structure working hours in such a way that employees have free/flexible
time for personal matters. √√
- Create a culture of responsibility/strengthen team spirit in order for all
employees to feel responsible for what has to be achieved.√√
- Remind employees that profit will decrease resulting in fewer
incentives/bonuses pay-outs. √√
- Any other relevant answer related to strategies to deal with employees
who abuse work time as an unethical/unprofessional business practice.
Max. (8)
[40]
BREAKDOWN OF MARKS
QUESTION 4 MARKS
4.1 3
4.2.1 3
4.2.2 4
4.2.3 2
4.3 8
4.4 6
4.5 6
4.6 8
TOTAL 40
TOTAL SECTION B: 80
SECTION C
5.1 Introduction
- The Johannesburg Securities Exchange (JSE) is a formal market
comprising of all the public companies that have been listed. √
- Various services are offered to listed companies by the JSE. √
- Shares represent the parts of the company that a person/group of people
own. √
- Preference shares can be considered as a viable investment option as
investors have various options to choose from. √
- Investors have a range of investment opportunities to choose from. √
- They measure these investment opportunities against criteria for good
investment. √
- Investors set financial goals and consider different factors when making
these decisions. √
- Entrepreneurs who started business ventures must show a return on their
investment. √
- Unit trusts consist of a number of different shares and securities put
together and managed by a fund manager. √
- Any other relevant answer related to the functions of JSE/ Types of
preference shares/factors that must be considered when making an
investment decision/effectiveness of unit trusts as a good investment.
(Any 2 x 1) (2)
Types (8)
Description (8)
Max. (16)
5.4.2 Taxation
- Refers to a compulsory payment √ made by citizens to the
government. √
- A good investment √ will yield good after-tax returns. √
- Income tax implications must be considered √ in order to ensure a
high net after-tax return. √
- Tax rates are not necessarily the same √ for different
investments. √
- Any other relevant answer related to taxation as a factor to be
considered when making an investment decision.
Submax. (4)
5.6 Conclusion
- Listed companies on the JSE will get more exposure to possible investors. √√
- Dividends paid out on preference shares will attract more people to invest in a
company. √√
- A business that is managed successfuly will make a number of investments
over a period of time. √√
- Businesses should invest extra cash to generate more income rather than
leaving it in the business's current account. √√
- Anyone can invest in unit trusts by investing a single lump sum/certain
amount every month. √√
- Any other relevant conclusion related to the function of JSE/types of
preference shares/factors that must be considered when making an
investment decision/effectiveness of unit trusts as a good investment.
(Any 1 x 2) (2)
[40]
6.1 Introduction
- A grievance procedure is a process/steps which ensure(s) that the well-
being of employees is alerted management. √
- Teamwork refers to a number of people collaborating/working together
effectively in order to reach a common goal. √
- Successful teams go through different stages of team development in
order to become successful/effective. √
- Poor conflict management may lead to team failure or the dissolution of a
team. √
- Any other relevant introduction related the differences between
grievance and conflict/criteria for successful team performance/stages of
team development/correct procedure to deal with grievances.
Any (2 x 1) (2)
6.3.4 Co-operation/Collaboration √√
- Clearly defined realistic goals are set, √ so that all members know
exactly what is to be accomplished.√
- Willingness to co-operate as a unit √ to achieve team objectives. √
- Co-operate with management √ to achieve team/business objectives.
√
- Agree on methods/ways to get the job done effectively √ without
wasting time on conflict resolution. √
- All members take part √ in decision making. √
- A balanced composition of skills/knowledge/experience/expertise √
ensures that teams achieve their objectives. √
- Any other relevant answer related to co-operation/collaboration as a
criterion for successful team performance.
Criteria (2)
Explanation (2)
Sub max (4)
NOTE: Mark the first THREE (3) criteria only.
(3 x 4) (12)
6.4 Stages of team development
6.4.1 Forming √√
- Individuals gather information/impressions about each other/the scope
of the task √ and how to approach it. √
- This is a comfortable stage √ to be in as the work has not yet started. √
- Individuals focus on being busy with routine tasks, √ such as team
organisation/who does what/when to meet each other, √ etc.
- Individuals are motivated by the desire/drive √ to be accepted by fel ow
team members. √
- Team members can determine how each one, as an individual, √ will
respond under pressure. √
- Any other relevant answer related to forming as a stage in team
development.
Stage (2)
Discussion (2)
Sub max (4)
6.4.2 Storming √√
- Teams go through a period of unease/conflict √ after formation. √
- Different ideas from team members √ will compete for
consideration. √
- Team members open up to each other √ and confront each
other's ideas/perspectives. √
- Tension/struggle/arguments occur √ and upset the team
members/there may be power struggles for the position of team
leader. √
- In some instances storming can be resolved quickly; √ in others,
the team never leaves this stage. √
- Many teams fail during this stage √ as they are not focused on
their task. √
- This phase can become destructive for the team/will negatively
impact on team performance, √ if al owed to get out of control. √
- This stage is necessary/important√ for the growth of the team. √
- Some team members tolerate each other √ to survive this stage.√
- Any other relevant answer related to storming as a stage in
team development.
Stage (2)
Discussion (2)
Sub max (4)
6.4.5 Adjourning/Mourning √√
- The focus is on the completion √ of the task/ending the
project. √
- Breaking up the team may be traumatic √ as team members
may find it difficult to perform as individuals once again. √
- All tasks need to be completed √ before the team finally
dissolves. √
- Any other relevant answer related to adjourning/mourning as a
stage in team development.
Stage (2)
Discussion (2)
Sub max (4)
Max (16)
6.6 Conclusion
- Businesses must ensure that the process is fair and transparent when dealing
with all grievances. √√
- Conflict cannot always be resolved/avoided/eliminated, therefore people need
to learn how to manage conflict within a team in order to work in harmony. √√
- The success of a business depends on the successful col aboration within a
team to ensure that the objectives of the business will be met. √√
- Any other relevant conclusion related to the distinction between
grievances and conflict/criteria for successful team performance/phases of
team development/correct procedure to deal with grievances.
(Any 1 x 2) (2)
[40]
TOTAL SECTION C: 40
GRAND TOTAL: 150