Book Title:
Author(s):
Some examples from this set of practice questions
1.
What is the remuneration for LABOUR
Answer: Salaries and wages
2.
What are the four factors of production?
Answer: - Natural resources - Labour - Capital - Entrepreneurs
3.
Marginalized people are?
Answer: Those unlikely to find employment and satisfy their needs. E.g. Disabled, inexperienced school leavers and previously disadvantaged groups.
4.
Which Act is the Procurement Policy part of?
Answer: Broad Based Black Economic Empowerment Act 53
5.
What can be discussed in the meetings called by businesses or local government?
Answer: -Transport facilities. - New mining activity - The building of new schools - Compilation of the local government budget - New housing projects
6.
What is the act number of the BEE?
Answer: Act 53
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