NAME:
SURNAME:
STUDENT NO.
MODULE CODE: OTE2601
ASSIGNMENT UNIQUE NO. 734211
ASSIGNMENT 2 2022
NB: QUESTIONNAIRE IS ATTACHED
I (full names):
Student number: Module: OTE2601
Declare that…
1. I understand what plagiarism entails and am aware of the University’s policy in this regard.
2. I declare that this assignment is my own, original work. Where I used someone else’s work, whether a
printed source, the internet or any other source, I give the proper acknowledgement and include a
complete reference list.
3. I did not use another current or previous student’s work, submitting it as my own.
4. I did not allow and will not allow anyone to copy my work with the intention of submitting it as his or
her own work.
Signature
Date: 05/07/2022
, QUESTION 1
1.1 Consequences of unemployment
(1) Pride and human dignity are affected and their standard of living drops. Sell their home/possessions.
(2) Society suffers - increase in crime, then an increase in frustration, often expressed in violence.
(3) Leads to the loss of valuable and potential skills, because their skills or nor utilised.
(4) The effect on stability in society has already had a negative impact on general confidence, mutual
respect, tolerance and peace.
(5) Negative effect on people' s perception of the success of the market economy.
(6) Macroeconomic consequence: country cannot achieve its full potential in the production of goods
and services.
(7) Microeconomic consequences: someone without work and without an income is dependent on
someone else. Production underutilised.
(8) Increase in suicides, heart-attacks, metal-illnesses and hospital admissions.
(9) Possible reduced life-expectancy
1.2 Different levels of skills in South Africa
- An unskilled occupation = no training
e.g. cleaners, labourers, bus conductors and hospital porters. Training done on the job.
- A semi-skilled occupation = certain amount of basic training
e.g. factory machine operators, typists or waiters. Refresher courses are given so that employees can
improve their skills when necessary.
- A skilled occupation = several years of training is necessary.
e.g. jewellers, electricians, carpenters, secretaries and building supervisors. During training people
become aware of the commitment expected if they are to maintain the expected standard of service.
- A professional and managerial occupation = high qualifications.
e.g. specialisation in certain direction; lawyers, social workers, teachers, doctors, engineers, opticians
and chemists.
QUESTION 2
2.1 Concepts (names) associated with money
In school or university, it is termed fees
SURNAME:
STUDENT NO.
MODULE CODE: OTE2601
ASSIGNMENT UNIQUE NO. 734211
ASSIGNMENT 2 2022
NB: QUESTIONNAIRE IS ATTACHED
I (full names):
Student number: Module: OTE2601
Declare that…
1. I understand what plagiarism entails and am aware of the University’s policy in this regard.
2. I declare that this assignment is my own, original work. Where I used someone else’s work, whether a
printed source, the internet or any other source, I give the proper acknowledgement and include a
complete reference list.
3. I did not use another current or previous student’s work, submitting it as my own.
4. I did not allow and will not allow anyone to copy my work with the intention of submitting it as his or
her own work.
Signature
Date: 05/07/2022
, QUESTION 1
1.1 Consequences of unemployment
(1) Pride and human dignity are affected and their standard of living drops. Sell their home/possessions.
(2) Society suffers - increase in crime, then an increase in frustration, often expressed in violence.
(3) Leads to the loss of valuable and potential skills, because their skills or nor utilised.
(4) The effect on stability in society has already had a negative impact on general confidence, mutual
respect, tolerance and peace.
(5) Negative effect on people' s perception of the success of the market economy.
(6) Macroeconomic consequence: country cannot achieve its full potential in the production of goods
and services.
(7) Microeconomic consequences: someone without work and without an income is dependent on
someone else. Production underutilised.
(8) Increase in suicides, heart-attacks, metal-illnesses and hospital admissions.
(9) Possible reduced life-expectancy
1.2 Different levels of skills in South Africa
- An unskilled occupation = no training
e.g. cleaners, labourers, bus conductors and hospital porters. Training done on the job.
- A semi-skilled occupation = certain amount of basic training
e.g. factory machine operators, typists or waiters. Refresher courses are given so that employees can
improve their skills when necessary.
- A skilled occupation = several years of training is necessary.
e.g. jewellers, electricians, carpenters, secretaries and building supervisors. During training people
become aware of the commitment expected if they are to maintain the expected standard of service.
- A professional and managerial occupation = high qualifications.
e.g. specialisation in certain direction; lawyers, social workers, teachers, doctors, engineers, opticians
and chemists.
QUESTION 2
2.1 Concepts (names) associated with money
In school or university, it is termed fees
