Business Studies June exam P2 (Easy)

What does inequality refer to?

How does poverty impact economic participation?

What perpetuates cyclical poverty across generations?

Why do poverty and inequality impact businesses' operational costs?

What is the main aim of inclusivity in a business context?

How does poverty restrict full participation in the economy?

Which form of ownership is characterized by having a maximum of 10 members referred to as members?

What type of business has continuity that does not depend on the involvement of any particular shareholder?

Which form of ownership has a governance structure involving a board of directors elected by members?

What type of business requires the least complex registration process, mainly needing a trading license?

Which form of ownership is characterized by having an unlimited joint and several liability for the partners?

In which type of business must owners increase the complexity of their registration by reserving a business name and registering a founding statement?

What legislation encourages businesses to reflect the demographic makeup of society in their workforce?

What is the definition of unemployment?

What is the primary impact of unemployment?

What is the business impact of HIV and AIDS?

Which term refers to the unauthorized use of another's work infringing intellectual property rights?

How does counterfeiting impact consumers?

What is the primary business impact of intellectual property theft?

Which activity often funds organized crime and detracts from the regulated economy?

What do pyramid schemes primarily benefit?

What is the impact of workplace violence on businesses?

What is one way investing in community well-being can benefit a company according to the text?

Which stakeholder plays a crucial role in advocating for fair labor practices?

How can businesses help reduce poverty directly?

What is a key role that entrepreneurs play in economic growth according to the text?

Which quality among entrepreneurs allows them to identify new business opportunities effectively?

What is a critical trait of successful entrepreneurs according to the text?

How do entrepreneurs contribute to market efficiency?

What group of qualities do entrepreneurs possess according to the text?

What role do Trade Unions have in advocating for employee benefits according to the text?

What can businesses do to enhance their market opportunities according to the text?

Which quality helps entrepreneurs set specific goals and feel in control of their business trajectory?

What quality is crucial for overcoming challenges and establishing a successful business?

How do entrepreneurs ensure business success when they lack leadership and management skills?

What term describes the financial assets provided by owners to establish and operate their business?

In terms of liability, which ownership type makes owners personally responsible for all business debts?

What impacts the amount of tax paid by a business?

Which quality involves continuously seeking information to make informed decisions and aligning strategies with market demands?

What legal feature allows a business to have a legal identity separate from its owners?

What characteristic refers to a business's capacity to continue operations despite the death, retirement, or exit of any owners?

What is one of the key reasons entrepreneurs engage in manageable risks?

Which form of ownership offers the least continuity as it depends on the owner's involvement?

In which form of ownership does management require a minimum of three directors and is heavily regulated?

Which form of ownership involves a board of directors elected by members for governance?

Which ownership type is limited by the number of shares issued and offers limited liability to shareholders?

In which form of ownership do owners have unlimited joint and several liabilities?

Which form of ownership requires a more complex registration process involving a memorandum of incorporation?

How does cyclical poverty differ from other forms of poverty?

In the context of business, how does inclusivity aim to reduce inequality?

Why does poverty impact businesses' operational costs according to the text?

What is the primary impact of insecurity due to poverty and inequality on businesses?

How does a focus on inclusivity in business contribute to workforce development?

What role does economic participation play in reinforcing societal divides, as per the text?

What describes an entrepreneur's ability to continuously seek information to make informed decisions and align strategies with market demands?

What quality does an entrepreneur need to have a strong will to overcome obstacles and resolve problems?

How are corporations and close corporations different from partnerships and sole proprietorships?

What describes the capability of a business to continue operations despite the death, retirement, or exit of any owners?

What impacts the amount of tax paid by a business based on the legal structure?

Which ownership type involves owners being personally responsible for all business debts and risking personal assets?

What feature allows a company to have a legal identity separate from its owners, enabling it to enter into contracts and be sued independently?

What quality do entrepreneurs possess to create and deliver value efficiently by organizing and synergizing factors of production?

Which quality is crucial for driving businesses forward by bringing infectious energy and passion to work?

What is a significant trait that successful entrepreneurs possess, indicating confidence in capabilities and belief in their potential for business success?

What is the impact of HIV and AIDS on businesses?

What is the primary business impact of counterfeiting?

How does workplace violence impact businesses?

What perpetuates cyclical poverty across generations?

What is the main impact of illegal gambling on the economy?

How do strikes impact a company's reputation?

What role do lock-outs and go-slows play in labor disputes?

What is the primary goal of corporate social responsibility initiatives?

What is a key characteristic of pyramid schemes?

How does intellectual property theft discourage innovation?

What is one of the benefits of investing in community development according to the text?

How can entrepreneurs contribute to economic growth according to the text?

What is a role that Trade Unions play in advocating for according to the text?

What is an impact of entrepreneurs identifying new business opportunities effectively?

How can businesses reduce poverty and improve community well-being directly according to the text?

What do entrepreneurs contribute to market efficiency through according to the text?

Why is fair compensation important for employees according to the text?

How can businesses enhance their reputation, customer loyalty, and profits according to the text?

What do collaborative relationships with suppliers aim to achieve according to the text?

Why do regulatory frameworks sometimes mandate CSR activities according to the text?

What does inequality represent?

How does poverty impact economic participation according to the text?

What is the impact of cyclical poverty?

How does inclusivity aim to benefit businesses?

What is one of the security costs associated with poverty and inequality?

How does poverty impact the perpetuation of poverty across generations?

What is a common beneficial outcome of investing in community development?

What is a key role that Trade Unions play according to the text?

What can fair compensation and benefits for employees lead to according to the text?

What is a primary role of the government in Corporate Social Responsibility activities?

What type of investment scams promise high returns but primarily benefit those at the top at the expense of newer recruits?

How can entrepreneurs contribute to economic growth according to the text?

What is an essential characteristic of successful entrepreneurs?

What type of unethical activity obscures the origins of illicitly obtained money, undermining economic stability and legal business operations?

How do entrepreneurs help improve market efficiency?

Which scenario leads to reduced living standards, economic strain, and increased dependence on social welfare programs?

What increases dependency on social welfare systems and heightens social issues like crime and poverty?

What is a crucial outcome of businesses investing in employment creation?

How do entrepreneurs distinguish themselves according to the text?

What can disrupt daily operations, increase insurance costs, and lead to investment in security measures for businesses?

Which activity refers to the illegal production and sale of alcoholic drinks or recording media?

What is one important way trade unions contribute to the business environment?

What refers to the unauthorized use or reproduction of another's work that infringes on intellectual property rights?

Which business activity deters investment in new product development due to potential revenue loss from intellectual property theft?

Which form of unethical activity protects consumers from substandard and potentially harmful products?

Which condition can increase healthcare costs, reduce labor productivity, and necessitate continuous investment in employee training due to high turnover?

Which form of ownership involves owners who are limited to a maximum of 10 members known as members?

In which form of ownership is continuity limited and heavily depends on the partnership agreement?

Which form of ownership requires a minimum of three directors and is subject to heavy regulation?

In which form of ownership is the management solely handled by the owner?

Which form of ownership requires reserving a business name and registering a founding statement for establishment?

Which ownership type offers limited liability for shareholders but involves a more complex registration process?

What is a common characteristic of successful entrepreneurs according to the text?

Which form of ownership involves owners being legally indistinguishable from the business itself?

What quality is crucial for entrepreneurs to continuously adapt their strategies to align with market demands?

Which factor describes a business's capacity to continue operations despite changes in ownership?

What is the primary determinant of the amount of tax a business pays based on its legal structure?

What term describes an entrepreneur's ability to bring infectious energy and passion to their work?

Which type of ownership involves owners being personally responsible for all business debts and risking personal assets?

Which quality is crucial for establishing and sustaining a successful business in the face of challenges?

What is the primary focus of entrepreneurs who dream big and have clear visions for their businesses?

Which ownership type ensures owners are only responsible for the amount they invest in the business and not for additional debts?

What does poverty restrict, causing a decrease in consumer markets and business opportunities?

Which cost, stemming from poverty and inequality, often leads to increased crime rates and higher security spending by businesses?

What is the primary goal of aiming for inclusivity in a business context?

What perpetuates poverty across generations according to the text?

In a business context, what does inclusivity aim to harness by embracing diversity?

How do poverty and inequality impact business operations as per the text?

Which form of ownership is managed solely by the owner?

In which form of ownership is continuity not dependent on any particular shareholder?

Which type of business involves a board of directors elected by the members for governance?

In which form of ownership is there unlimited joint and several liability for the owners?

Which form of ownership is characterized by having a maximum of 10 members?

Which form of ownership requires reserving a business name and registering a founding statement?

What does the Employment Equity Act encourage businesses to do?

What is the primary impact of unemployment according to the text?

What do entrepreneurs do to contribute to economic growth, according to the text?

What term describes the unauthorized use or reproduction of another's work that infringes on intellectual property rights?

How do entrepreneurs stay ahead of competitors and increase profitability?

Which activity involves producing imitation products intended to be passed off as genuine?

What distinguishes entrepreneurs when identifying and seizing new business opportunities?

What does workplace violence typically include?

What impact does crime have on businesses according to the text?

What is essential for entrepreneurs to continuously seek and capitalize on business opportunities effectively?

How do entrepreneurial opportunities relate to a thriving business according to the text?

What is a common feature of pyramid schemes?

Why do entrepreneurs need to manage various resources effectively according to the text?

What type of investment scams promise high returns to participants?

How do entrepreneurs affect market efficiency?

What do strikes reflect, according to the text?

What is a key role of entrepreneurs in improving economic growth according to the text?

What is the business impact of HIV and AIDS as discussed in the text?

Why is perseverance crucial for entrepreneurs according to the text?

What is a significant trait of successful entrepreneurs as per the text?

What is the primary role of entrepreneurs in driving change and societal advancement through their businesses?

Which form of ownership allows owners to only be responsible for business debts up to the amount they have invested?

What is the primary factor determining the amount of tax paid by a business based on its legal structure?

Which quality is essential for establishing and sustaining a successful business and is highlighted in overcoming obstacles?

What characteristic allows companies to have a legal identity separate from their owners to enter into contracts independently?

What is the primary outcome of entrepreneurs embracing the responsibility that comes with running a business?

Which term refers to a business's capability to continue its operations despite owners' deaths, retirements, or exits?

What is the quality that defines entrepreneurs' ability to synergize factors of production and deliver value efficiently?

Which group of ownership types are legally indistinguishable from their owners, leading to joint responsibility for all business debts?

What is the primary factor determining the business tax rate paid by corporations compared to sole proprietorships?