Business Studies Term 3: Trade Unions

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Questions and Answers

What is the primary function of a trade union?

To enforce government laws

To represent workers in negotiations with employers (correct)

To manage company operations

To provide financial support to members

Which of the following is NOT a function of trade unions?

Negotiate for better wages

Represent employees in disputes

Hold government positions (correct)

Inform employees of their rights

How does registration benefit a trade union?

It reduces their membership fees

It allows them to operate without any rights

It provides them with additional rights (correct)

It limits their ability to negotiate

What does COSATU stand for?

Congress of South African Trade Unions Signup and view all the answers

When was COSATU officially launched?

31 December 1985 Signup and view all the answers

Which of the following principles does COSATU support?

A democratic society free of oppression Signup and view all the answers

What role do trade unions play in government legislation?

They ensure employees' rights are considered Signup and view all the answers

Why are trade unions crucial for employees?

They protect against unfair practices and provide legal support. Signup and view all the answers

What are the three labor federations affiliated under the ICFTU in South Africa?

COSATU, FEDUSA, NACTU Signup and view all the answers

Which initiative is FEDUSA known to advocate for?

Wage increases Signup and view all the answers

What does the law of demand state about a situation with high demand?

Prices will increase Signup and view all the answers

Which factor does NOT influence demand for a product?

Number of suppliers Signup and view all the answers

What happens to the price of a good when there is an oversupply in the market?

Prices will fall Signup and view all the answers

What is the primary role of NACTU aside from regular union activities?

Anti-privatization campaigns Signup and view all the answers

Which of the following best describes the concept of supply?

The market's ability to produce goods Signup and view all the answers

An increase in income levels typically affects demand how?

Increases demand for normal goods Signup and view all the answers

Which sector involves the exploitation of natural resources?

Primary sector Signup and view all the answers

What type of activities are included in the secondary sector?

Metalwork and clothing manufacture Signup and view all the answers

Which option primarily describes services provided in the tertiary sector?

Health and education services Signup and view all the answers

Which of the following is NOT an activity of the primary sector?

Construction Signup and view all the answers

What is the main focus of the tertiary sector?

Providing services to consumers Signup and view all the answers

Which of the following is an example of the secondary sector?

Clothing manufacture Signup and view all the answers

Which sector deals primarily with the production of manufactured goods?

Secondary sector Signup and view all the answers

Which of these does not belong to the tertiary sector?

Canned food production Signup and view all the answers

Study Notes

Trade Unions

Organizations formed by workers to advocate for their interests, such as wages and working conditions.
Registered unions have additional rights compared to unregistered ones.
Functions include negotiating for better working conditions, representing employees in disputes, and taking legal action when necessary.
Protect workers from discrimination, unfair labor practices, and dismissals.
Serve as a link between employees, employers, and the government, ensuring employee rights are upheld.

COSATU

The Congress of South African Trade Unions is the largest trade union federation in South Africa, established on November 30, 1985.
Believes in a democratic and racially inclusive society, empowering workers.
Works with democratic forces to eradicate oppression and exploitation among the working class.

FEDUSA

The Federation of Unions of South Africa is affiliated with COSATU and NACTU under ICFTU.
Advocates for wage increases and poverty alleviation, focusing on uplifting workers and their communities.
Encourages employers to recognize the socio-economic realities of workers during negotiations.

NACTU

Engages in organizing and representing workers while participating in anti-privatization and employment campaigns.
Challenges existing labor laws to improve workers' rights.

Price Theory

Supply: Market's ability to produce goods or services, driven by producers willing to sell.
Demand: Market's desire to purchase goods or services, influenced by consumers willing to buy.

Law of Demand

High demand leads to higher prices, while low demand results in lower prices.
Demand is influenced by product price, related product prices, consumer income, preferences, and household size.

Law of Supply

An abundance of goods available leads to lower prices, while scarcity results in higher prices.

Sectors of the Economy

Primary Sector: Involves exploitation of natural resources through agriculture, forestry, fishing, mining, and quarrying.
Secondary Sector: Focuses on processing raw materials into manufactured goods, including construction, metalwork, and textiles.
Tertiary Sector: Provides services to consumers, encompassing health, education, tourism, finance, and public services.

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Description

This quiz covers the concept of trade unions within the context of Business Studies. It explores the formation, functions, and rights of trade unions, highlighting their role in representing workers' interests in negotiations. Test your understanding of how trade unions operate and their significance in the workforce.