Summary Gr 11 Business Studies Paper 2 Novemeber Exam
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Business Studies
Instelling
11th Grade
Grade 11 Business Studies was compiled by using at 2019 – 2021 DBE/ SACAI previous examination papers. The notes are compact, colourful and easy to study, making it perfect for learners with learning barriers.
BUSINESS STUDIES
PAPER 2
GRADE 11
NOVEMBER EXAMINATION
2023
These notes were compiled using past examination papers. SACAI NOV 2019, NOV 2020
NOTE: There are more possible answers, these suggested answers according to die mark allocation.
Good luck. Teacher Ansie.
Multiple-choice questions.
Mortgage bond Loans used to finance the purchase of a property.
Transparency Revealing exactly what the business wants and what it stands for.
Royalty The amount the franchisee pays to the franchisor for the effort they made
to establish the business and use the idea.
Jungian The theory is based on the four functional types: thinking, feeling, sensation
and intuition.
Conflict A disagreement between people.
Memorandum of A document that states the rights, duties, and responsibilities of
incorporation shareholders, directors, and other stakeholders in the company.
Lease The contract between parties giving conditional ownership of an asset for a
fixed period
Indigenous knowledge Knowledge, practices, and skills developed by indigenous people to improve
their quality of life.
Objectivity theory Moral values can be objectively true independent of individual personal
feelings.
Creative thinking The process of creating something new, that is valuable and useful.
, Force field analysis This problem-solving technique considers all the advantages and
disadvantages of a decision.
Quality assurance Example: Caring about the quality of work before submitting it.
Stakeholders All parties who have an interest in the business and who are affected by the
change
Franchising Franchising refers to the purchase of a business idea.
Integrity Refers to working honestly, according to the norms and standards of the
business.
Partnership Is a business where all the owners have unlimited liability for the debts of
the business.
Contrarian thinking Contrarian thinking is going against popular beliefs.
Optimal stress Optimal stress is the right balance of influences to create the best result.
Royalties A percentage of sales is paid to the owner of the business idea.
Stressors Factors that cause you to experience stress.
Continuity The ability to carry on with operations despite big changes or events.
Three-point test A tool that can help managers and employees to make the right decisions.
Consensus Agreement between all parties through analytical discussion
BUSINESS VENTURES
1. Scenario (SACAI NOV 2019)
1.1 Challenges you face when you want to start a company.
• Directors may not have a personal interest in the business and this could prevent the business
from gaining maximum growth and profits.
• There may be conflict between the owners of the company and management.
• The more shares the less profit per share.
• A company is required to submit a full report to all stakeholders each financial year.
1.2 Procedure for starting a company
I. Determine who is starting the company.
II. Reserve a company name with the Registrar of Companies.
III. Prepare the Memorandum of Incorporation.
IV. File a Notice of Incorporation.
, V. Receive a registration number.
VI. Open a bank account and register for taxation.
Businessmen have realised that it is not always necessary to start a business from scratch. In order to
expand, wise businessmen have given other businesses a right to sell their similar products within
some regulations. Others have been smart enough to realise that their small items that require
regular maintenance can make money for them by contracting them to another business. It is even
more advantageous when an institution decides to focus on its vision and improve their quality by
allowing specialists to perform other duties on their behalf.
1.3 Ways of acquiring a business from the scenario.
Business venture Motivation from scenario
Franchising Wise businessmen have given other businesses a right to sell their
similar products within some regulations.
Leasing Others have been smart enough to realise that their small items
that require regular maintenance can make money for them by
contracting them to another business.
Outsourcing An institution decides to focus on its vision and improve their
quality by allowing specialists to perform other duties on their
behalf.
2. You might get a similar question in the exam. Try to answer it, without looking at the answers:
2.1 (SACAI NOV 2019)
,SACAI NOV 2020
During a meeting on 30 September 2019, members William, Patrick and Nceba decided that certain
functions had to be performed to establish their business. (The responsible member’s name is
indicated in brackets)
• The intended close corporation has to be registered by the 1st week of October and additional
capital of R20 000 must be raised in the 1st and 2nd week. (Patrick)
• Staffing is still a problem, as a sales manager and support staff must still be recruited, interviewed
and appointed within three weeks, before the opening of the business. (Nceba)
• The business intends to rent a building which has to be fully furnished. The leasing contract, as well
as all communication lines (including telephone and internet connections) have to be finalised within
two weeks. (William)
• Stock has to be purchased, priced and displayed by the second week. (Patrick)
• In-service training will take place from week 3 to week 5. (Nceba)
Study and use the info to develop and draw a Gantt chart
,2.2 Description - Gantt chart
→ A type of bar chart that illustrates the start and end dates of the elements of a project.
→ Extension of a timeline.
→ Depicts activities against dates and shows the duration of activity.
2.3 The value of a Gannt chart (SACAI NOV 2019)
→ Sets out what needs to be done.
→ Sets due dates for tasks to be completed.
→ Shows the people responsible for specific tasks.
→ Indicates the manner in which tasks must be completed.
→ Easy to prepare.
→ Easy to read and understand.
→ Events are show in chronological order.
2.4 Description – Timelines
→ A timeline is a representation of all the tasks to be
completed and when these tasks can be completed.
→ Timelines help team members to know what milestones must be achieved and by when.
3. Sources of funding (SACAI NOV 2019 & 2021)
Equity capital • Capital the owner contributes is referred to as the owner’s interest (or
‘owner’s equity’).
• The owner’s equity increases when the owner puts in additional funds to
expand the business.
Debt capital • Many businesses need to borrow funds.
• The business plan will indicate how much a debt capital is crucial for
business funding.
Bank loan • The business can borrow money from the bank.
• The amount will be specified for a set period of time.
• Interest is payable on the loan.
Trade credit • This is the time, usually between one and three months, which a
business has before it must settle a debt.
Bank overdraft • When the bank allows a customer to withdraw more funds than what
is available in their bank account.
, • The bank decides on the maximum amount to be withdrawn.
Leasing and hire- • Businesses can lease certain assets from suppliers.
purchase • A fixed amount of money is paid monthly for using the asset.
• Parties in a leasing contract.
→ Lessee and lessor
Grants • The business can qualify for government support to help get started.
• The main advantage of grants is that it is cheap financing
Venture capital • Financing is given in exchange for a share in the business at its start
up.
• Some venture capitalists also request a position in management or to
serve on the board.
Angel funding • These are often wealthy entrepreneurs who offer financing in
exchange for a share in the business.
• This carries a high risk for the investor.
Donations • Getting donations to start a business, this is money that you do not
need to pay back
Debentures • The business borrows money from the public or investors by issuing a
certificate to them. They are entitled to a refund of their money as
well as interest.
3.2 The positive impact of leasing (SACAI NOV 2021)
→ Leasing improves the cash flow of the business.
→ Leasing is regarded as an expense for the lessee and is not regarded as debt.
→ The lessor receives a continual rental income.
→ The lessor may receive a quantity discount by buying goods in bulk to supply various lessees.
→ The asset can be returned to the lessor when it is no longer needed
3.3 Factors that influence the choice of funding. (SACAI NOV 2021)
→ Nature of finance
→ Amount of capital needed
→ Risk
→ Cost of finance
→ Period of finance
→ Availability
→ Tax considerations
, 4. Presentations (SACAI NOV 2019 )
4.1 Factors to consider when preparing for the presentation (SACAI NOV 2020 )
• Identify your audience.
• Included diagrams in the presentation.
• Proofread verbal presentation to ensure that it is error free.
• List the objectives and main points of the presentation.
• Capture main aims in the opening statement of the presentation.
• Information presented should be relevant and accurate.
• Be fully conversant with the content of the presentation.
4.2 The factors that are important to remember when responding to questions in a professional
manner. (SACAI NOV 2019 & 2020 )
• Stand throughout the feedback session.
• Be polite/confident/courteous when responding to questions.
• Ensure you understand each question/comment clearly before responding / rephrase
questions if you are uncertain.
• Listen and then respond.
• Provide feedback as soon as possible – after the question was asked or after the
session.
4.3 Characteristics of a brochure
➢ Expensive to print
➢ Often in colour
➢ Usually A4 or A3
➢ Four or six blocks.
➢ Available where potential target market goes.
➢ Design and printed professionally.
4.4 Things to avoid during a question and answer session. (SACAI NOV 2021)
➢ Avoid during a question and answer session.
➢ Do not answer the question if you do not know the answer.
➢ Do not answer too many questions and exceed your time limit.
➢ Do not address the person, address the question.
➢ Do not be aggressive when answering the questions.
4.5 Factors below refer to before, during, or after a presentation. (SACAI NOV 2021)
Before Create visual aids that will consolidate the information to be conveyed to the board of
directors.
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