Summary
Summary Business Studies - Business Environments - Notes
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Summary of BUSINESS STUDIES Chapter 1, IEB
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Available practice questions
Business Studies Past Questions IEB
Flashcards
30 Flashcards
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Flashcards
30 Flashcards
Free
5 sales
Some examples from this set of practice questions
1.
A method of obtaining all the information about the tasks related to a cashier at a Mr Price store would be a …
Answer: job analysis
2.
Which marketing policy describes the process that a manufacturer uses to get the product to the consumer?
Answer: Distribution
3.
When Mr Price Ltd borrows money and pays interest, it is known as …
Answer: debentures
4.
When the rights of a life insurance policy are transferred to a bank as security for a loan, this is referred to as
Answer: a cession
5.
The unauthorised and illegal duplication of products protected by patents refers to …
Answer: piracy
6.
Mr Price has an extensive recycling programme. This shows that Mr Price has a commitment towards
Answer: Triple Bottom Line
7.
A Mr Price manager who understands that suppliers may originate from a range of countries is showing a … competency
Answer: global awareness
8.
Mr Price is committed to the promotion of black people, women and the disabled. This shows that Mr Price is implementing the requirements of the … Act.
Answer: Employment Equity
9.
To resolve a wage dispute in the workplace, a trade union representative met with management. This meeting resulted in a compromise. Which conflict resolution process is outlined above?
Answer: Negotiation
10.
Which compulsory insurance covers employees against loss of income when they are retrenched due to economic circumstances?
Answer: UIF
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