12 IEB BUSINESS REPORT PRACTICE INVESTMENT AND INSURANCE
QUESTION 7 Adapted from November 2023
The following aspects will be considered when marks are allocated in this question:
• Format:
‒ The CORRECT format for each question must be used, i.e. business report.
‒ Where applicable, include an introduction and conclusion.
‒ Use headings and subheadings where appropriate.
• Terminology: Correct business terminology should be used.
• Content: Must be sufficient to cover all aspects of the question.
• Substantiation: Justification for statements made.
• Application to case study/context/theme.
• Problem-solving rather than just giving theoretical facts.
• Synthesis and sequencing.
Study the following sources before answering the question that follows.
SOURCE A
Financial planning helps you determine your short- and long-term financial goals and create a balanced
plan to help you meet those goals. It's advisable to begin with a review of your current financial
circumstances, anticipated changes and future goals.
Your investment strategy can then reflect the goals you are trying to achieve, as well as your tolerance
for investment risk.
[Source: <https://www.standardbank.co.za/southafrica/personal/learn/investment-tips-for-
first%E2%80%93timers December 2022>]
Source B:
[Source: <https://www.vecteezy.com/free-vector/insurance-agent December 2022>]
1
, 12 IEB BUSINESS REPORT PRACTICE INVESTMENT AND INSURANCE
Planning for the future of a business is important. It is essential as part of the vision of a business, and
the management plan for possible growth opportunities. Businesses also have to identify possible risks
and ways to reduce these risks.
Required:
Assist the manager of a clothing retailer to evaluate possible future risks by writing a business report.
Discuss how investments and insurance can be used as strategies to secure the financial success of
the retailer over the short, medium, and long term.
2
QUESTION 7 Adapted from November 2023
The following aspects will be considered when marks are allocated in this question:
• Format:
‒ The CORRECT format for each question must be used, i.e. business report.
‒ Where applicable, include an introduction and conclusion.
‒ Use headings and subheadings where appropriate.
• Terminology: Correct business terminology should be used.
• Content: Must be sufficient to cover all aspects of the question.
• Substantiation: Justification for statements made.
• Application to case study/context/theme.
• Problem-solving rather than just giving theoretical facts.
• Synthesis and sequencing.
Study the following sources before answering the question that follows.
SOURCE A
Financial planning helps you determine your short- and long-term financial goals and create a balanced
plan to help you meet those goals. It's advisable to begin with a review of your current financial
circumstances, anticipated changes and future goals.
Your investment strategy can then reflect the goals you are trying to achieve, as well as your tolerance
for investment risk.
[Source: <https://www.standardbank.co.za/southafrica/personal/learn/investment-tips-for-
first%E2%80%93timers December 2022>]
Source B:
[Source: <https://www.vecteezy.com/free-vector/insurance-agent December 2022>]
1
, 12 IEB BUSINESS REPORT PRACTICE INVESTMENT AND INSURANCE
Planning for the future of a business is important. It is essential as part of the vision of a business, and
the management plan for possible growth opportunities. Businesses also have to identify possible risks
and ways to reduce these risks.
Required:
Assist the manager of a clothing retailer to evaluate possible future risks by writing a business report.
Discuss how investments and insurance can be used as strategies to secure the financial success of
the retailer over the short, medium, and long term.
2
