Business Studies June exam P1 (Medium)

What is the main objective of the recruitment process?

Which of the following is NOT part of the job analysis during recruitment?

What is the purpose of background checks during the selection process?

What does induction or onboarding aim to achieve in an organization?

What is the significance of role fit in the placement process?

Which aspect is considered when determining salaries in an organization?

What is one impact of fringe benefits on employees?

'The Labour Relations Act' primarily deals with:

'The Basic Conditions of Employment Act' focuses on setting minimum standards for:

'Sourcing' during recruitment involves:

What is the purpose of the Employment Equity Act, 1998?

What impact does the National Credit Act, 2005 have on businesses?

What is the main purpose of the Skills Development Act, 1998?

Which Act sets minimum employment conditions while ensuring social and economic development?

How does the Skills Development Act, 1998 impact businesses?

What is the impact of the Consumer Protection Act, 2008 on businesses?

What consequences may businesses face for failing to comply with the Skills Development Act, 1998?

What could be a consequence of non-compliance with the Broad-Based Black Economic Empowerment Act, 2003?

How does the Skills Development Act, 1998 contribute to improving business competitiveness?

How can businesses ensure compliance with the Labour Relations Act, 1995?

Which group does the Skills Development Act, 1998 specifically focus on empowering?

What is one long-term benefit for businesses complying with the Skills Development Act, 1998?

What is the primary purpose of the Broad-Based Black Economic Empowerment Act, 2003?

Which sector involves transforming raw materials into products?

What is an example of a business in the Tertiary Sector mentioned in the text?

Which integration strategy involves a business acquiring a steel plant?

What does the Employment Equity Act (EEA) aim to promote?

Which diversification strategy involves businesses moving into entirely new lines of business?

What does the National Credit Act (NCA) aim to regulate?

Which Act ensures fairness, transparency, and accountability in business-consumer interactions?

What is the primary goal of the Employment Equity Act?

How does quality impact the Marketing Function of a business?

What does Total Quality Management (TQM) emphasize in terms of employee development?

How does Quality Assurance (QA) differ from Quality Control (QC)?

In what way does quality impact Sole Traders differently than Large Businesses?

Why is continuous improvement of business processes essential in Total Quality Management (TQM)?

Which element is NOT a part of Total Quality Management (TQM)?

How does the Quality of Performance relate to business success?

What are quality circles primarily focused on in TQM implementation?

Which cycle is adopted for continuous improvement in TQM?

What is a potential consequence of poor TQM implementation?

How does effective TQM help in reducing costs?

Which factor is NOT mentioned as a potential impact of poor quality in the text?

What is a key aspect emphasized for the sustainability and success of a business according to the text?

What is the primary purpose of evaluating strategies in business?

Which phase of the strategic management process involves the comparison of actual performance with expected outcomes?

What is the main purpose of Porter's Five Forces analysis?

Which diversification strategy involves adding new but related products or services?

What is the main focus of market development as an intensive strategy?

Which defensive strategy involves scaling down operations to ensure financial stability?

In the strategic management process, what does 'SWOT' stand for?

What does PESTLE analysis help businesses identify?

Which integration strategy involves expanding within the same level of operation?

What is the main objective of product development as an intensive strategy?

What is the primary focus of the Skills Development Act, 1998 in South Africa?

How does the Skills Development Act, 1998 impact businesses' operational costs?

What are some potential benefits for businesses complying with the Skills Development Act, 1998 in the long term?

What consequences might businesses face for failing to comply with the Skills Development Act, 1998 in South Africa?

Which aspect of business operations does the Skills Development Act, 1998 aim to regulate in South Africa?

How does the Skills Development Act, 1998 contribute to improving business competitiveness in South Africa?

What type of business would typically interact mainly with the natural environment and face challenges like weather variations and natural disasters?

Which business sector has a higher degree of control where services can be tailored to meet customer needs?

What strategy involves businesses adding related products or services, like a bakery starting to offer catering services?

Which legislation aims to promote equitable employment practices, fight discrimination, and enforce affirmative action?

What type of integration strategy involves a business expanding into new markets, like a manufacturer exporting goods to other countries?

Which diversification strategy involves adding new, unrelated products or services aimed at current customers?

'Divestiture' as a defensive strategy involves businesses:

'Market Penetration' as an intensive strategy involves businesses:

'Backward Vertical Integration' typically involves a business like a car manufacturer acquiring:

Which Act aims to regulate the credit industry, ensuring responsible lending and borrowing?

How does effective Total Quality Management (TQM) contribute to reducing costs in businesses?

What is a potential consequence of poorly implemented Total Quality Management (TQM) in businesses?

What is the primary focus of Quality Circles in the context of Total Quality Management (TQM)?

In which phase of business operations is Customer Satisfaction crucial according to the text?

How does Continuous Skills Development contribute to the effectiveness of Total Quality Management (TQM) in businesses?

What is the significance of implementing the PDCA cycle in Total Quality Management (TQM) processes?

What is the main purpose of conducting preliminary screening in the selection process?

How does the Labour Relations Act impact businesses?

What is the key function of salary determination within Human Resource Management?

Why is the role fit crucial in the placement process?

What is a significant aspect of fringe benefits for employers?

In what way does legislation impact business operations in South Africa?

What is the main goal of the Basic Conditions of Employment Act within business operations?

'Induction' within Human Resource Management aims to achieve what objective?

'Job Analysis' during recruitment involves a detailed examination of what aspects?

What is a critical challenge faced during recruitment processes in businesses?

What is the primary focus of backward vertical integration in business strategy?

Which industrial analysis tool helps businesses understand their external macro-environmental factors?

What does market penetration as an intensive strategy primarily aim to achieve?

What is the key purpose of evaluating strategies post-implementation?

In which diversification strategy does a business add new but related products or services?

What is the primary outcome of utilizing Porter's Five Forces in strategic planning?

Why is continuous strategy evaluation and adjustment important for businesses?

What can happen to businesses if they fail to comply with the Broad-Based Black Economic Empowerment Act, 2003?

What is a key impact of the National Credit Act, 2005 on businesses?

What is the primary purpose of the Consumer Protection Act, 2008?

How does the Employment Equity Act, 1998 contribute to business operations?

What could be a consequence of non-compliance with the Basic Conditions of Employment Act, 1997?

How does the Labour Relations Act, 1995 impact businesses?

What is the main focus of the Employment Equity Act, 1998?

How can businesses ensure compliance with the National Credit Act, 2005?

What is the primary goal of the Quality of Performance within business operations?

How does Quality impact the Marketing Function in a business according to the text?

What is an essential element of Total Quality Management (TQM) according to the text?

How does Quality affect Large Businesses differently than Sole Traders?

Which element is NOT part of a Quality Management System as discussed in the text?

What is the impact of high-quality standards on business success?

Which function does Quality primarily impact in a business's Operations?

How does Total Quality Management (TQM) contribute to business success?

What is the primary focus of the Skills Development Act, 1998 in South Africa?

How does non-compliance with the Skills Development Act, 1998 impact businesses in South Africa?

What is a likely consequence for businesses failing to adhere to the Skills Development Act, 1998?

How does the Skills Development Act, 1998 contribute to business operations in South Africa?

What is the purpose of the Skills Development Levy mandated by the Skills Development Act, 1998?

Which aspect of business operations does the Skills Development Act, 1998 primarily aim to improve?

What is the primary focus of the Implementation phase in the strategic management process?

Which industrial analysis tool is specifically focused on external macro-environmental factors?

What is the primary objective of Market Development as an intensive strategy?

Which integration strategy involves a business expanding within the same level?

What is the main purpose of diversification through Conglomerate Diversification?

Which defensive strategy focuses on selling off underperforming portions of a company?

What is the essential outcome of continuously monitoring and evaluating business strategies?

How does Porter's Five Forces analysis assist businesses in strategic planning?

What is a key element of Total Quality Management (TQM) that involves groups of workers meeting regularly to discuss process improvements?

What is the primary purpose of implementing the PDCA (Plan-Do-Check-Act) cycle in Total Quality Management (TQM)?

How does effective Total Quality Management (TQM) primarily contribute to reducing costs in businesses?

Which consequence can result from poorly implemented Total Quality Management (TQM) in businesses?

What is an impact of poor TQM implementation that might affect a business financially?

Which aspect does Effective TQM primarily focus on reducing to enhance business success?

What does the Employment Equity Act aim to promote in employment?

How does quality impact brand perception in the Marketing Function?

What is the primary goal of Total Quality Management (TQM) regarding employee training?

How does quality management differ from quality control and quality assurance?

In what way does the Quality of Performance influence business success?

Why is Quality Control (QC) considered an essential part of business operations?

How does Total Client Satisfaction contribute to the success of a business?

What is the impact of Continuous Improvements to Processes and Systems on business operations?

How does Quality Financial Management contribute to overall business efficiency?

What is the significance of Hiring Skilled Employees in Human Resources?

Which sector involves transforming raw materials into products?

What does Horizontal Integration involve?

What is the main goal of Market Development as an intensive strategy?

Which legislation aims to ensure fairness, transparency, and accountability in business-consumer interactions?

What does Concentric Diversification involve?

In which sector do businesses interact mainly with the natural environment and face weather variations and natural disasters?

What do forward vertical integration and backward vertical integration focus on, respectively?

What is the primary purpose of the National Credit Act (NCA) according to the text?

What is the purpose of the National Credit Act, 2005?

How does the Broad-Based Black Economic Empowerment Act, 2003 impact businesses?

What is a consequence of non-compliance with the Employment Equity Act, 1998?

How does the Labour Relations Act, 1995 impact businesses?

What is recommended for compliance with the Basic Conditions of Employment Act, 1997?

What does the Consumer Protection Act, 2008 aim to ensure?

How do non-compliance consequences of the Basic Conditions of Employment Act differ from non-compliance with the Consumer Protection Act?

What is a key impact of non-compliance with the Broad-Based Black Economic Empowerment Act, 2003?

What is the primary objective of the Selection process within Human Resource Management?

Which component of Recruitment involves developing an employer brand and creating compelling job advertisements?

What is the primary purpose of Induction (Onboarding) in Human Resource Management?

What does Salary Determination in business operations involve?

What is the strategic focus of Placement within Human Resource Management?

Which factor is considered in Salary Determination to ensure legal compliance?

What is the primary goal of introducing Fringe Benefits in business operations?

What does the Labour Relations Act primarily govern within businesses?

What is the primary focus of the Skills Development Act, 1998?

How does the Skills Development Act, 1998 impact businesses financially?

What is a consequence for businesses failing to comply with the Skills Development Act, 1998?

What is the main purpose of the Business Environment Acts in South Africa?

How does the Skills Development Act, 1998 contribute to business competitiveness?

What are the long-term benefits for businesses complying with the Skills Development Act, 1998?

What is a potential consequence of poorly implemented Total Quality Management (TQM)?

How does Continuous Skills Development contribute to effective Total Quality Management (TQM)?

What is the primary focus of Quality Circles in Total Quality Management (TQM) implementation?

Which of the following is a key element in reducing the cost of quality through Total Quality Management (TQM)?

What does the PDCA cycle stand for in the context of continuous improvement in TQM?

How can ineffective TQM implementation impact a business?

Which sector involves providing services instead of goods?

What type of diversification strategy involves moving into entirely new lines of business?

In which integration strategy does a business acquire a steel plant?

Which intensive strategy focuses on introducing new products or improving existing ones?

What does the Employment Equity Act (EEA) aim to promote?

What is the primary purpose of the National Credit Act (NCA)?

What is a potential consequence of businesses not adhering to fair practices in hiring and treatment of workers under the Labour Relations Act?

How do companies ensure compliance with the Employment Equity Act regarding hiring practices?

Under the Basic Conditions of Employment Act, what may happen to businesses that fail to align their HR policies with the Act's provisions?

What is one effect of the Broad-Based Black Economic Empowerment Act on businesses that do not comply with its provisions?

In what way does non-compliance with the National Credit Act affect businesses?

What is a consequence for businesses that do not provide transparent dealings and high-quality products as required by the Consumer Protection Act?

How do companies address the impact of regulatory shifts and economic fluctuations on their business strategies?

What is a recommended step for companies to enhance workforce capabilities in line with compliance recommendations?

What is the primary objective of the Recruitment process in Human Resource Management?

During the Selection process, what is the purpose of Background Checks?

In the context of Induction (Onboarding), what is the role of Training Sessions?

What is the strategic focus of Placement within Human Resource Management?

When determining salaries, what is the key aspect of a Compensation Strategy?

What is the primary impact of Fringe Benefits on employees according to the text?

What is the primary focus of the Implementation phase in the strategic management process?

Which tool assists businesses in understanding the competitive landscape by analyzing competition intensity, supplier and buyer power, and threat of new entrants?

In the context of business strategies, what does 'Horizontal Integration' involve?

What does 'Market Development' as an intensive strategy primarily involve?

Which strategy involves scaling down operations to become more financially stable?

What is the main goal of 'Concentric Diversification' as a strategy?

'Divestiture' as a defensive strategy involves:

'Liquidation' as a defensive strategy entails:

'Backward Vertical Integration' primarily involves:

'Market Penetration' strategy focuses on:

In the context of business operations, what does the concept of quality mainly focus on?

Which function in a business is responsible for ensuring materials are both cost-effective and meet quality specifications?

What is the primary goal of Total Quality Management (TQM) regarding employee training?

How does Total Quality Management (TQM) contribute to reducing wastage and costs in businesses?

What does Quality Assurance (QA) mainly focus on within a business?

Which business structure requires systematic management of quality integrated into every department for success?

How does Total Quality Management (TQM) strive to impact customer satisfaction?

What role does Total Client Satisfaction play in the context of Total Quality Management (TQM)?

How does Quality Control (QC) differ from Quality Management (QM)?

What area of a business is mainly responsible for ensuring hiring skilled employees and providing ongoing training?