BUSINESS STUDIES

GRADE 12
PAPER 2
REVISION STRATEGY MID-YEAR EXAMINATION
DATE: 06 JUNE 2024
2024

GET FET ET&SP

 TOPICS TO BE COVERED IN PAPER 2
Paper 2 covers the following TWO main topics:

BUSINESS VENTURES which consists of TWO sub-topics for May/June Examination 2024
BUSINESS ROLES which consists of TWO sub-topics for May/June Examination 2024
Both MAIN TOPIC are equally assessed in this paper ,
The total mark allocation for this paper is 150 marks which will be written for 2 hours

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 BUSINESS VENTURES AND BUSINESS ROLES

BREAKDOWN OF MARKS FOR THIS TOPIC MAY/ JUNE EXAMINATION 2024

1. BUSINESS VENTURES 2. BUSINESS ROLES
SUBTOPICS SUBTOPICS
EXAMINATION GUIDELINES PAGE 17-21 EXAMINATION GUIDELINES PAGE 25-27

1.1 MANAGEMENT AND LEADERSHIP 2.1 ETHICS AND PROFESSIONALISM

1.2 INVESTMENT : SECURITIES 2.2 CREATIVE THINKING AND PROBLEM-
SOLVING
1.3 INVESTMENT : INSURANCE

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 BUSINESS VENTURES
This main topic consists of the following FIVE sub-topics that will be equally assessed in
BREAKDOWN OF MARKS FOR THIS TOPIC
SUBTOPICS MARKS
Management and leadership A maximum of 16 –20 marks if it is only assessed in
section A and B SECTION C 40 MARKS
Investment Securities A maximum of 16 -20 marks if it is only assessed in
section A and B SECTION C 40 MARKS
Investment: Insurance A maximum of 16- 20 marks if it is only assessed in
section A and B

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 BUSINESS ROLES
BREAKDOWN OF MARKS FOR THIS TOPIC

SUBTOPICS MARKS

2.1 Ethics and Professionalism A maximum of 16 –20 marks if it is only assessed in

section A and B
2.2 Creative thinking and Problem- A maximum of 16 -20 marks if it is only assessed in
Solving section A and B SECTION C 40 MARKS

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 MANAGEMENT AND LEADERSHIP learners should be able to…
MANAGEMENT AND LEADERSHIP LEADERSHIP THEORIES
Elaborate on the meaning of management and leadership. Discuss the following theories of management and
leadership:
Situational leadership theory.
Differentiate between management and leadership. Transformational
Leaders and follower
LEADERSHIP STYLES THE ROLE OF PERSONAL ATTITUDE IN
Democratic, Autocratic, Liassez- Faire, Charismatic , SUCCESSFUL LEADERSHIP
Transactional
Differences between Democratic and Autocratic. Explain/Discuss the role of personal attitude in
successful leadership.
Identify leadership from a given scenario and motivate your answer. Quote the role of personal attitude in successful
leadership in the scenario.
Situation in which leadership style can be applied in the workplace.
Impact positives/advantages and/or negatives/disadvantages of each
leadership style.
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 INVESTMENT: SECURITIES learners should be able to….
THE JOHANNESBURG SECURITIES EXCHANGE (JSE)
Explain the function of Johannesburg Securities Exchange/JSE.

FACTORS THAT MUST BE CONSIDERED WHEN MAKING INVESTMENT DECISIONS

Explain/Discuss : Liquidity – Taxation – Inflation rate – Investment term/period – Risk – Return on investment.

VARIOUS TYPES OF INVESTMENT OPPORTUNITIES AND THEIR RISK FACTORS

Mutual funds/Stokvel, Managed portfolio, Venture capital, 32- day notice account, Debentures, Endowment/Retirement
annuities.
FORMS OF INVESTMENT

Identify the form of investment from the given scenario and motivate your answer
Explain the impact of RSA Retail Saving Bonds, Unit trust, Shares, Fixed deposit.

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INVESTMENT: SECURITIES learners should be able to…..
TYPES OF SHARES
Identify the following types of shares from a given scenarios/statements
Discuss Ordinary shares, Preference shares, Bonus shares, Founders shares.

TYPES OF PREFERENCE SHARES

Name type of preference shares.

Identify the types of preference shares from a given scenario/statement.
Discuss types of preference shares.
The rights of ordinary and preference shareholders.
Differentiate between ordinary and preference shares.
ELABORATE ON THE MEANING OF THE FOLLOWING CONCEPTS

Debentures, Dividends, Capital gain, Simple and Compound interest .

Distinguish between Simple and Compound interest.
Calculate Simple and Compound interest from a given scenario.
Recommend the best investment option based on the calculations.
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 INVESTMENT: INSURANCE learners should be able to….
NON-COMPULSORY INSURANCE
Elaborate on the meaning of insurance

Elaborate on the meaning of the following insurance concepts:

Over insurance, – Under insurance, Average clause, Reinstatement, Excess.
Apply the average clause to calculate compensation in case of under-insurance

Explain the differences between over and under insurance

Differentiate between insurance and assurance Give practical example.

Name examples of short term and long term insurance.

PRINCIPLES OF INSURANCE
Indemnification/Indemnity
Security/Certainty
Utmost good faith
Insurable interest
Identify principles of insurance from a given scenario, explain the above mentioned principles of insurance.
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 INVESTMENT: INSURANCE learners should be able to…
ADVANTAGES OF INSURANCE

Explain/outline/discuss the advantages/importance of insurance for businesses.

Explain the meaning of insurable and non-insurable risk.

Outline/give examples of insurable and non- insurable risk.

COMPULSORY INSURANCE

Elaborate on the meaning of compulsory insurance.

Differentiate between compulsory and non – compulsory and give practical examples.

Discuss types of compulsory insurance: Unemployment Insurance Fund , Road Accident Fund , and Compensation for
Occupational Injuries and Diseases Fund .
Explain benefits paid out by UIF.
Identify the type of compulsory insurance from a give scenario/statement.

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 BUSINESS ROLES : ETHICS AND PROFESSIONALISM
ETHIC AND PROFESSIONALISM
Elaborate on the meaning of ethical behaviour and professional behaviour.
Outline the differences between ethical and professional behaviour
KING CODE PRINCIPLES
Transparency, Accountability, and Responsibility
Identify the principle from a given scenario/statement
Explain how business can apply the abovementioned principle for good corporate governance to improve ethical
business practice.
Recommend/Advise ways in which professional, responsible, ethical and effective business practices should be
conducted. Do not separate your explanation
UNETHICAL BUSINESS PRACTICES
Unfair advertising, Pricing of goods in rural areas, Taxation/Tax Evasion.
Identify from a given scenario/statement
Explain how the above-mentioned unethical business practice pose a challenge to businesses.
Recommend/Advice ways in which could deal with the above-mentioned types of unethical business practice.
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BUSINESS ROLES : ETHICS AND PROFESSIONALISM
UNPROFESSIONALISM BUSINESS

Sexual harassment, Unauthorised used of workplace funds and resources, Abuse of work time.
Identify from a given scenario/statement.
Explain how the above-mentioned unprofessional business practice pose a challenge to businesses.
Recommend/Advice ways in which could deal with the above-mentioned types of unprofessional
business practice.

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BUSINESS ROLES : PROBLEM- SOLVING AND CREATIVE THINKING
PROBLEM- SOLVING

Elaborate on the meaning of problem- solving and decision making.

Differentiate between problem-solving and decision making.
Explain the problem-solving steps.
PROBLEM SOLVING TECHNIQUES
Identify/Name the following problem-solving techniques from a given scenario/statements:
Delphi technique.
Force field analysis.
Brainstorming.
Nominal group technique.

Explain/Advise businesses on how they can apply the above-stated problem-solving techniques to solve
complex business problem.
Discuss the impact of the above state problem-solving techniques.

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BUSINESS ROLES : CREATIVE THINKING
CREATIVE THINKING

Elaborate on the meaning of creative thinking.

Explain the benefits/advantages of creative thinking

Recommend ways in which business can create an environment that promotes creative thinking in the
workplace.

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