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QUESTION 3: BUSINESS ROLES Answer only TWO of the THREE…

QUESTION 3: BUSINESS ROLES Answer only TWO of the THREE questions. Number your work clearly and answer in bullet form. 3.1 Explain how businesses can use trademarks and patents to deal with piracy as a socio-economic issue. (8) 3.2 Elaborate on the meaning of social responsibility. (4) 3.3 Read the scenario below and answer the questions that follow:   Amandla Enterprise is located in an informal settlement area. The business was looted during a service delivery protest. Some employees have stopped working demanding a salary increase.   3.3.1 Identify TWO socio-economic issues that affect Amandla Enterprise from the scenario above. Motivate your answer by quoting from the scenario. (6)   Use the table below to answer this question.     SOCIO-ECONOMIC ISSUE MOTIVATION 1.   2.     3.3.2 Recommend ONE strategy to deal with ONE of the socio-economic issues identified in QUESTION 3.3.1 (2)   TOTAL FOR QUESTION 3: [20]   OR    

SECTION C: ESSAY QUESTIONS QUESTION 5:  BUSINESS VENTURE…

SECTION C: ESSAY QUESTIONS QUESTION 5:  BUSINESS VENTURES Answer only ONE of the TWO essay questions. Number your work clearly and answer in bullet form.   Four years ago James and Theo started their own business called Threads. They have designed a unique cultural range of clothing. Their business is growing fast and they are considering asking their friend Ntombi to join them in their venture as a co-owner. In their present form of ownership they are fully liable for any debts of the business. With reference to the above scenario, write an essay on the following aspects:     Discuss a partnership by explaining the characteristics.  Justify the establishment of a partnership by elaborating on the advantages. Explain the disadvantages of a partnership. Identify and elaborate on any FOUR entrepreneurial qualities.     TOTAL FOR QUESTION 5: [40]   OR  

SECTION B: CONTEXTUAL QUESTIONS QUESTION 2: BUSINESS VEN…

SECTION B: CONTEXTUAL QUESTIONS QUESTION 2: BUSINESS VENTURES Answer only TWO of the THREE questions. Number your work clearly and answer in bullet form. 2.1 State whether the following forms of ownership have limited or unlimited liability:   2.1.1 Sole proprietorship (1) 2.1.2 Partnership (1) 2.1.3 Private company (1) 2.1.4 Public company (1) 2.2 Explain the disadvantages of a non-profit company. (6) 2.3 Name another form of ownership that has similar characteristics with the private company. (2) 2.4 Outline FOUR factors that can be considered when choosing a form of ownership. (8)   TOTAL FOR QUESTION 2 [20]   OR  

QUESTION 4: MISCELLANEOUS QUESTIONS   Answer only TWO …

QUESTION 4: MISCELLANEOUS QUESTIONS   Answer only TWO of the THREE questions. Number your work clearly and answer in bullet form.    4.1 Read the following case study and answer the questions that follow:     Justine owns a business on her own. She has complete ownership and liability. However, she has decided that she would like to share the business with another owner and the two of them will be joint owners in the business. Justine wants to make the process as simple as possible and still wants to be taxed in her personal capacity.   4.1.1 What form of ownership does Justine’s business currently have? (2) 4.1.2 Provide TWO reasons for your answer in question 4.1.1. (4) 4.1.3 Discuss TWO disadvantages for Justine if she were to establish a public company. (4) 4.2 Explain the purpose of inclusivity in the workplace. (6) 4.3 Distinguish between Corporate Social Responsibility and Corporate Social Investment. Use the table below to answer the above question. (4)   CSR CSI         TOTAL FOR QUESTION 4: [20]   TOTAL FOR SECTION B [40]