Podcast
Questions and Answers
What is the primary function of a trade union?
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?
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?
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?
What does COSATU stand for?
When was COSATU officially launched?
When was COSATU officially launched?
Which of the following principles does COSATU support?
Which of the following principles does COSATU support?
What role do trade unions play in government legislation?
What role do trade unions play in government legislation?
Why are trade unions crucial for employees?
Why are trade unions crucial for employees?
What are the three labor federations affiliated under the ICFTU in South Africa?
What are the three labor federations affiliated under the ICFTU in South Africa?
Which initiative is FEDUSA known to advocate for?
Which initiative is FEDUSA known to advocate for?
What does the law of demand state about a situation with high demand?
What does the law of demand state about a situation with high demand?
Which factor does NOT influence demand for a product?
Which factor does NOT influence demand for a product?
What happens to the price of a good when there is an oversupply in the market?
What happens to the price of a good when there is an oversupply in the market?
What is the primary role of NACTU aside from regular union activities?
What is the primary role of NACTU aside from regular union activities?
Which of the following best describes the concept of supply?
Which of the following best describes the concept of supply?
An increase in income levels typically affects demand how?
An increase in income levels typically affects demand how?
Which sector involves the exploitation of natural resources?
Which sector involves the exploitation of natural resources?
What type of activities are included in the secondary sector?
What type of activities are included in the secondary sector?
Which option primarily describes services provided in the tertiary sector?
Which option primarily describes services provided in the tertiary sector?
Which of the following is NOT an activity of the primary sector?
Which of the following is NOT an activity of the primary sector?
What is the main focus of the tertiary sector?
What is the main focus of the tertiary sector?
Which of the following is an example of the secondary sector?
Which of the following is an example of the secondary sector?
Which sector deals primarily with the production of manufactured goods?
Which sector deals primarily with the production of manufactured goods?
Which of these does not belong to the tertiary sector?
Which of these does not belong to the tertiary sector?
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.
Studying That Suits You
Use AI to generate personalized quizzes and flashcards to suit your learning preferences.
Related Documents
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.
