Business Studies Memo 2 (English)

May-June 2024 — Grade 12 / Matric — Business Studies

Memo 2024 Grade 12 English Business Studies Hub →

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🎯 150 marks 📄 9 pages 📝 72 items found 📚 4 topics

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Q1— Section header —

1.1.4

1.1.5x 2\ 0\

1.2manager

1.2.2simple

1.2.3collaboration

1.2.5(5 x 2\ (10\

1.3.5(5 x 2\ (10\ TOTAL SECTION A: BREAKDOWN OF MARKS

Q1— Section header —

1.210

1.310 TOTAL Business Studies P2 DBE/ May/June 2024

Q2— Section header —

2.1Examples of long term insurance Life

2.3Forms of investment

2.3.1Form of investment from the scenario Gover nment/RSA Retail S avings (2\

2.3.2Advantages of Government/RSA Retail S avings onds Guaranteed returns

Q2— Section header —

2.4Difference between limited liability and unlimited liability LIMITED LIABILITY UNLIMITED LIABILITY that the owner invested in the The liability of the owner to pay

2.5Impact of la ssez faire/free reign leadership style Positives/ Advantages

2.6Visual aids rom the scenario VISUAL AIDS MOTIVATIONS 1. Interactive whiteboard/Smartboard Sam used a special pen to make notes while images were being displayed.

2.7Principles of insurance Usually applies to short term insurance, as the insured is compensated for Insurer agrees to compensate the insured for damages/losses specified in the insurance contract, in return for premiums pa

2.8Aspects that should be considered when designing a multimedia presentation Start with the text /heading Select the background to

Q2— Section header —

2.8TOTAL QUESTION BUSINESS ROLES

3.1Social rights of employees in the workplace Education Protection Health care

3.2Correct procedure to deal with grievances in the workplace An aggrieved employee must verbally report the incident/grievance to his/her Supervisor/manager needs to resolve the issue within three to five (3 to 5\working

3.3Human rights from statements

3.3.1Privacy (2\

3.3.2afety, security and protection of life (2\

3.4Ways in which busin esses can deal with taxation/tax evasion Value Added Tax/VAT needs to be charged on VAT able items.

3.5Problem solving steps Identify the problem Acknowledge that there is a problem. Identify the exact problem.

3.6King Code principles

3.6.1King Code principle from the scenario Responsibility (2\ Motivation AD developed remedial programmes to r educe air and water pollution which will (1\ NOTE:

3.6.2Application of o ther King Code principles Transparency Decisions/Actions must be Employees/Shareholders/Directors should be aware of the employment policies

3.7Storming as a s ta ge of team development Teams go through a period of unease/conflict Different ideas from team members

3.8Ways in which businesses could deal with language Provide training in the official language of the business. No worker should feel excluded in meetings conducted in one language only. Employ an interpreter so that everyone can fully understand what is being said

3.8TOTAL 40 Business Studies P2 17 DBE/ May/June 2024

Q4— Section header —

4.1Factors that should be consider ed when making investment decisions Return on investment /ROI

4.2Functions of the Johannesburg Securities E xchange/JSE Gives opportunities to financial institutions such as insurance companies

4.3Forms of ownersh ip from the scenario FORMS OF OWNERSHIP MOTIVATIONS 1. Sole proprietorship/ Sole trader Sandy, the owner of Sandy Bakery

4.4Factors that must be considered when preparing for a presentation Information presented sh

4.5Meaning of professional behaviour Professional behaviour is a certain standard of behaviour/specific level of competence ethical code of conduct. Provides guidelines

4.6andling conflict in the workplace Arrange pre their case/views separately.

4.7Ways in which business can deal with unemployment

4.7.1Ways in which business can deal with unemployment from the scenario They offer bursaries to community members in order to improve their level of

4.7.2Other ways in which business can deal with unemployment Support Any other relevant answer

Q4— Section header —

4.8Impact of corporate social responsibility/CSR on businesses Positives/Advantages and conducts

Q4— Section header —

4.7.1 4.

4.8TOTAL 40 TOTAL SECTION B: 80 Business Studies P2 22 DBE/

Q5— Section header —

5.1Introduction The personal attitude of managers and leaders play an important role in encouraging employees to work harmoniously The democratic and autocratic leadership styl es

5.2Role of personal attitude in successful leadership Positive attitude releases leadership potential Leaders must know their strengths and weakne sses to apply their leadership A great leader understands that the right attitude will set the right

5.3Differences between democratic and autocratic leadership styles DEMOCRATIC LEADERSHIP STYLE AUTOCRATIC LEADERSHIP STYLE Clear/Two ensures group commitment to final

5.4eadership theories

5.4.1Situational leadership theory The task/situation dictates the leadership style that should be applied leaders are adaptable/flexible/self

5.4.2Tran sformational leadership theory Suitable for a dynamic The passion/vision

5.5Situations in which the transactional leadership style could be applied in the workplace The business

5.6Conclusion Leaders with a positive attitude may experience increased productivity as employees may Leaders can apply the democratic and autocratic leadership styles interchangeably depending

Q5— Section header —

Q6— Section header —

6.1Introduction Creative thinking e nables businesses to improve their products and develop new An environment that promotes creative thinking enables employees to unleash their potential needed for successful business operations.

6.2dvantages of creative thinking in the workplace Better/Unique/Unconventional ideas/solutio May give the business a competitive advantage if unusual/unique solutions/ Broadens the range of possible solutions

6.3Ways in which businesses can create an env ironment that promotes creative thinking Encourage alternative ways Emphasise the importance of creative thinking Make time for brainstorming sessions

6.4Impact of the Delphi technique and ominal group technique

6.4.1Delphi technique Positives/Advantages Businesses may use a group of experts without bringing them together. The experts will give the business clear ideas/solutions on how to improve on productivity/profitability.

6.4.2Nominal group technique Positives/Advantages It provides time to think about the question in silence Each team member/director has a chance to participate Voting on the ideas is anonymous

6.5Application of brainstorming State/Define the business problem clearly, so that all participants/stake holders understand the problem. Members state possible causes of the business problems.

6.6Conclusion Creative thinking ena bles businesses to conduct continuous research on latest trends in market Employees that work in an environment that promotes creative thinking

Q6— Section header —

Topics Identified

Business EnvironmentsForms of OwnershipLeadershipBusiness Plan

Mark Allocation

Total150 marks

Sections40 + 40 + 40 + 40 + 40 = 200 marks

Paper information

SubjectBusiness Studies

Year2024

SessionMay-June

TypeMemo

PaperPaper 2

LanguageEnglish

Pages29

Downloads4

Examination context

Decade2020s

Years ago2y

Season—

Start day—

Exam period—

Days since exam—

About Business Studies examination preparation

Grade 12 Business Studies combines business concepts, application, and written responses. Past papers help learners practise identifying what a question asks, applying knowledge to scenarios, and structuring longer answers.

Every available Grade 12 Business Studies past paper and memorandum is collected in the Business Studies hub at business-studies.freemode.co.za — browse all years, sessions and languages in one place.

How to use this resource for revision

A past examination paper is most useful when it is treated as an active revision exercise. Try the questions yourself before checking the corresponding memorandum. Where you make an error, identify the reason — was it a knowledge gap, a calculation mistake, an interpretation issue, or an examination technique problem?

For stronger examination practice, complete the paper without unnecessary interruptions and keep track of the questions that take the most time. Afterwards, review the memorandum and separate knowledge gaps from mistakes caused by interpretation, calculation, structure, or examination technique.

applying business concepts

interpreting scenarios

using appropriate terminology

structuring longer responses

distinguishing related concepts

A practical revision approach

Before checking the memorandum, identify the command word in each question. The memorandum rewards candidates who apply theory directly to the case-study scenario.

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Corresponding examination paper

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Business Studies Paper 2 (English) →

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