Podcast
Questions and Answers
What is a key characteristic of business organisations in a market economy?
What is a key characteristic of business organisations in a market economy?
- They are not found in a market economy.
- They are non-profit seeking institutions.
- They are owned by the government.
- They accept risks in pursuit of profit. (correct)
What is a major challenge facing the South African economy?
What is a major challenge facing the South African economy?
- Modern transport/communication systems.
- High levels of unemployment. (correct)
- 100 per cent ownership permitted.
- Large, growing domestic market.
What is a key difference between business organisations and government organisations?
What is a key difference between business organisations and government organisations?
- Business organisations are owned by the government.
- Government organisations offer products/services for profit.
- Business organisations are non-profit seeking institutions.
- Business organisations are private need-satisfying institutions of market economy. (correct)
What is the main goal of non-profit seeking organisations?
What is the main goal of non-profit seeking organisations?
What is an example of a government organisation in South Africa?
What is an example of a government organisation in South Africa?
What is a benefit of the South African economy?
What is a benefit of the South African economy?
What is the primary goal of business organisations in a market economy?
What is the primary goal of business organisations in a market economy?
What is a characteristic common to all need-satisfying institutions in a market economy?
What is a characteristic common to all need-satisfying institutions in a market economy?
How do public corporations in South Africa differ from private businesses?
How do public corporations in South Africa differ from private businesses?
What is a major obstacle facing the South African economy, according to the text?
What is a major obstacle facing the South African economy, according to the text?
What is a benefit of the South African economy mentioned in the text?
What is a benefit of the South African economy mentioned in the text?
What type of organisations offer services not provided by private enterprise or government organisations?
What type of organisations offer services not provided by private enterprise or government organisations?
