BUSINESS STUDIES

GRADE 12
PAPER 2: REVISION
PREPARATORY EXAMINATION REVISION STRATEGY
2023
 TOPICS TO BE COVERED IN PAPER 1
 Paper 2 covers the following TWO main topics:
 Business Ventures which consists of FIVE sub-topics
 Business Roles which consists of FIVE sub-topics
 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

2
 BUSINESS VENTURES
This topic will also be assessed in
Section A : Compulsory
Section B : Question 2 and 4
Section C : Question 5

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 BUSINESS OPERATIONS
 This main topic consists of the following FIVE sub-topics that will be equally assessed in
BREAKDOWN OF MARKS FOR THIS TOPIC
SUB TOPICS MARKS
Management and leadership A maximum of 16 marks if it is only assessed in
section A and B
A maximum of 52 marks if it is assessed in section B and C
Investment Securities/Opportunities A maximum of 16 marks if it is only assessed in
section A and B
Investment: A maximum of 16 marks if it is only assessed in
Insurance and Assurance section A and B
A maximum of 52 marks if it is assessed in section B and C
Forms of ownership with the focus on how they can A maximum of 10 marks if it is only assessed
contribute to the success/failure of a business. in section A and B

Presentation and data response A maximum of 16 marks if it is only assessed in section A

and B
A maximum of 52 marks if it is assessed in section B and C

4
 MANAGEMENT AND LEADERSHIP
LEADERSHIP STYLES
 Identify the leadership styles from given
scenarios/case studies
 Discuss/Evaluate/Analyse the impact of each
leadership style.
 Suggest/Recommend situations in which each
leadership style can be applied in the workplace
LEADERSHIP THEORIES
 Discuss/Explain theories of management and
leadership:
 Identify the role of personal attitude in successful
leadership from given scenarios/case studies
5
 MANAGEMENT AND LEADERSHIP

 Management and Leadership which covers all aspects that must be taught in detail.
 Learners must be able elaborate on the meaning of management or leadership as page 17 of 2021
examination guidelines.
 Differentiate/Distinguish between management and leadership. (8 marks)
 Be able to identify leadership styles and/or leadership theories from the scenarios.

 (6 marks )
 Describe the role of personal attitude in successful leadership. (6 marks )
 Identify leadership from a given scenario (6 marks)
 Discuss each leadership Theories
 Situational leadership
 Transformational leadership
 Leaders and followers
 Role of personal attitude inn successful leadership (6 Marks) 6
BUSINESS VENTURES –INVESTMENT: SECURITIES

LEARNERS SHOULD BE ABLE TO:

 Outline/Explain/Discuss the functions of the JSE (6 marks)

 Outline/Name/Discuss/Explain factors that must be considered when making an investment decisions.

Refer to PAGE 18 EG (6marks)

 Types of investment opportunities
 Discuss/Explain/Evaluate the following forms of investments:
RSA Retail Savings Bonds
Unit trusts
Shares
Fixed deposits (6 marks)
 Identify the above-mentioned forms of investments from given statements/scenarios.
 Outline/State/Explain types of shares (6 marks)
 Discuss/Explain types of preference shares (6 marks)
 Differentiate between ordinary and preference shares (6 marks)
7
INVESTMENT SECURITIES CONTINUED

 Differentiate/Distinguish between ordinary and preference shares. (8

marks)
 Define/Explain the meaning of debentures, dividends, capital gain, simple interest
and compound interest. (4
marks)

 Differentiate/Distinguish between simple interest and compound

interest. (8 marks)
 Identify simple and compound interest from given scenarios and
motivate your answer (3 marks )

 Calculate simple and compound interest from given scenarios. (6 marks )

 Recommend the best investment option based on the calculations. (4 marks )
INVESTMENT INSURANCE
Learners should be able to:
 Learners must be able elaborate on the meaning insurance page 20 of 2021 examination
guidelines
 Define/Elaborate on the meaning of insurance concepts (4 marks)
 Differentiate between insurance and assurance
 Explain/Distinguish the difference between over and under insurance
(4 marks)
 Explain/Elaborate on the meaning of average clause and show how this is calculated

(4 marks)
 Define the meaning of reinstatement or excess
(4 marks)
 Explain the difference between insurable and non-insurable risks and give practical
examples
( 8 marks)
INVESTMENT INSURANCE CONTINUED

 Discuss/Explain the advantages/importance of insurance (6 marks )

 Identify them from scenarios or given statements (3 marks )
 Discuss/Explain the principles of insurance (6 marks )
 Discuss/Explain types of the compulsory insurance: (6 marks )
 Explain the differences between compulsory and non-compulsory insurance
(8 marks)
FORMS OF OWNERSHIP
Learners should be able to:
 Identify the form of ownership from a given scenario
 Recap the Characteristics, impact of each form of ownership page 22 of 2021 examination
guidelines.
 Explain/Discuss/Differentiate between forms of ownership.
 Discuss/Explain how the following criteria contribute to the success and/or failure of a business:
 Capital (4 marks )
 Management (4 marks )
 Division of profits (4 marks)
 Legislation (4 marks )
 Taxation (4 marks)
PRESENTATION AND DATA RESPONSE
 Forms of ownership which covers all aspects that must be taught in detail.
 Learners must be able elaborate on the meaning of management or leadership as page 23 of 2021
examination guidelines
 Discuss/Explain factors that must be considered when preparing/while presenting /after the
presentation
(6 marks)
 Recommend/Explain ways in which the presenter can improve in his next presentation.
(6 marks)
 Outline/ Advise businesses on aspects that must be considered when designing a multimedia
presentation. (6 marks)
 Identify types of visual aids from given scenarios/statements. (3 marks)
 Discuss/Explain/Analyse/Evaluate types of visual aids or the effectiveness of visual aids .
(6 marks)
 Advise/Recommend areas for improvement in the next presentation ( 6marks)
 QUICK WINS FOR BUSINESS VENTURES: Q1, 2,4,5
 Management and Leadership: Low hanging fruits: Leadership styles and their impacts and/or
application of leadership styles , leadership theories, role of personal attitude in
successful leadership
 Investment securities : Low hanging fruits: Investment decision factors, forms of
investments, types of preference shares, calculations on simple and compound
interests, differences between simple and compound interest
 Investment insurance: Low hanging fruits: Insurance concepts, principles of insurance,
advantages of insurance, types of compulsory insurance, benefits of UIF.
 Forms of Ownership: Low hanging fruits: success and failure of a sole trader,
partnership, private company in terms of the 5 criteria in the 2021 exam guidelines.
 Presentation : Low hanging fruits: Presentation factors when preparing, while
presenting, handling of questions, areas of improvement
 Data response : Visual aids and their impacts, multimedia aspects that must be
considered when designing a multimedia presentation.
 BUSINESS ROLES
Section A : Compulsory
Section B : Question 3 and 4
Section C : Question 6

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 BUSINESS ROLES
BREAKDOWN OF MARKS FOR THIS TOPIC
SUB TOPICS MARKS
Ethics and professionalism A maximum of 12 marks if it is only assessed in section A and B
A maximum of 50 marks if it is assessed in section B and C

Creative thinking A maximum of 12 marks if it is only assessed in section A and B

Problem solving A maximum of 50 marks if it is assessed in section B and C

Social Responsibility A maximum of 12 marks if it is only assessed in section A and B

A maximum of 50 marks if it is assessed in section B and C

Corporate Social Responsibility (CSR) A maximum of 12 marks if it is only assessed in section A and B
Corporate Social Investment (CSI) A maximum of 50 marks if it is assessed in section B and C

Human rights, inclusivity and A maximum of 12 marks if it is only assessed in section A and B
environmental issues A maximum of 50 marks if it is assessed in section B and C

Team performance assessment A maximum of 12 marks if it is only assessed in section A and B

Conflict management A maximum of 50 marks if it is assessed in section B and C

15
 ETHICS AND PROFESSIONALISM
LEARNERS SHOULD BE ABLE TO: Page 25 of 2021 examination guidelines
 Learners must be able elaborate on the meaning of ethical behavior and/or professional behavior.
 Differentiate/distinguish between ethics and professionalism. (6
marks)
 Suggest/recommend/ways in which businesses can be conducted professionally, responsibly and
ethically
(6marks)
 Identify the KING CODE principle from a give scenario and motivate by quoting from the scenario

 Explain/Discuss how businesses can apply the following King Code principles for good corporate
governance:
 Transparency
(4 marks)
 Accountability
(4 marks)
 Responsibility
(4 marks)
 ETHICS AND PROFESSIONALISM
 Identify /Explain types of unethical business practices from given scenarios

(6 marks)
NOTE: Only focus on the unethical business practices that are in the exam
guidelines page 25.
 Recommend/Suggest ways in which businesses can deal with these unethical
businesses practices. (6 marks)
NOTE: You will not be awarded marks for negative strategies.
CREATIVE THINKING AND PROBLEM SOLVING
 Creative thinking and problem solving which covers all aspects that must be taught in
detail.
 Learners must be able elaborate on the meaning of creative thinking and problem
solving as page 27 of 2021 examination guidelines
• Define/Elaborate on the meaning of creative thinking. (4 marks)
• Explain the benefits/advantages of creative thinking in the workplace.

(4 marks)
• Explain/Recommend ways businesses can create an environment that promotes
creative thinking in the workplace. (4 marks)
PROBLEM SOLVING
• Elaborate on the meaning of problem-solving and/or decision making. (4 marks)
• Explain/Differentiate/Distinguish between problem- solving and decision making.

(4
marks)
• Identify/Name/Outline/Explain/Discuss the problem- solving steps from the
scenario/statements (4
marks)
• Apply the problem-solving steps from given scenarios/case studies
• Identify/Name the problem- solving techniques from given scenarios/statements:

(4
marks)
• Discuss/Evaluate/ the impact of the problem-solving techniques. (6 marks)
SOCIAL RESPONSIBILITY

 Explain/Discuss the relationship/link between triple bottom line and Social
responsibility.
(6 marks)
 Identify socio- economic issues from a given scenario
 Discuss strategies in which business can deal with the socio economic issues
(6
marks)
 Explain/Suggest ways in which a business can contribute to the wellbeing of
employees and/or communities.
(6 marks)
NOTE: Refrain from only giving examples, you need to explain how businesses can
contribute to the wellbeing of employees & community.
CORPORATE SOCIAL RESPONSIBILIY AND CORPORATE SOCIAL INVESTMENT
Learners should be able to:

 Define/Elaborate on the meaning of CSR & CSI

(4 marks)
 Components of CSR
 Focus areas of CSI
 Explain/Distinguish between CSR & CSI
(8 marks)
 Discuss/Explain/Evaluate the impact of CSI/CSR on businesses
 Discuss/Explain/Evaluate the impact of CSI/CSR on communities.

(6 marks)
HUMAN RIGHTS , INCLUSIVITY AND ENVIRONMENTAL ISSUES

PAGE 31 EXAMINATION GUIDELINES

 Human rights , inclusivity and environmental issues which covers all aspects that must be
taught in detail.
 Outline/Name 6 human rights in the workplace ( 6 marks)
 Identify the human rights from a given scenario (3 marks)
 Discuss/Explain/Describe how businesses could deal human rights in the workplace.

(6 marks )
 Recommend ways businesses could promote economic, social and cultural rights in the
workplace
(4 marks)
HUMAN RIGHTS , INCLUSIVITY AND ENVIRONMENTAL ISSUES

 Define, elaborate on the meaning of diversity (4

marks)
 Identify diversity issues from given scenarios/statements. ( 3 marks)
 Suggest/Recommend/Explain how businesses can deal with the diversity issues in the
workplace Refrain from giving negative ways to deal with diversity issues ( 4 marks)
 Discuss the benefits of diversity in the workplace (NOT BENEFITS OF CREATIVE THINKING)
(6 marks)
TEAM PERFORMANCE ASSESSMENT CONFLICT MANAGEMENT

 Team performance and conflict management which covers all aspects that must be taught in detail as page 32 of 2021

examination guidelines

 Discuss/Explain THREE or FOUR stages of team development. (6marks)

 NOTE: You will not be awarded marks for writing Stage 1,2,3 & 4 instead of naming stages).

 Discuss/Explain the criteria for successful team performance. ( 6 marks)

 Discuss/Explain the characteristics of successful teams. (6 marks)

 Describe/Explain/Discuss the importance of team dynamics theories in understanding team performance.

(6 marks)

 Advise businesses on ways in which they could deal with difficult employees in the workplace.

(6 marks)
CONFLICT MANAGEMENT
• Identify/Outline/Name causes of conflict from given scenarios/statements

(4 marks)
• Discuss/Explain causes of conflict in the workplace. (6
marks)
• Apply conflict resolution techniques/steps
(6 marks)
• Explain/Discuss the correct procedures to deal with grievances in the workplace.

(6 marks)
• Suggest different ways/strategies of dealing with difficult people (personalities).

(6 marks)
NOTE: Refrain from giving negative strategies
 QUICK WINS FOR BUSINES ROLES: Q1,3,4,6
 Ethics and Professionalism: Low Hanging fruits: meaning of ethics and professional behaviour,
Challenges posed by types of unethical and unprofessional behaviour and recommendations. Ways of
professional, ethical and responsible business practices, King code principles,
 Creative thinking & problem solving: Low Hanging fruits: Advantages of creative thinking , Ways
businesses can create an environment that promotes creative thinking in the workplace, Differences
between problem solving & decision making, Problem- solving techniques and their impacts , steps of
problem solving,
 Social responsibility: Low Hanging fruits: Meaning of social responsibility, The relationship between social
responsibility and the triple bottom line, Strategies to deal with the THREE socio-economic issues, Ways
in which businesses can contribute time and effort in improving the well-being of
employees/communities
 CSR and CSI: Low Hanging fruits: Purposes of CSR/CSI, components of CSR and/or focus areas of CSI,
impact of CSR/CSI on businesses/communities ,
 Human rights, inclusivity and environmental issues: Low hanging fruits: Type of rights, dealing with
diversity issues, roles of the health and safety representatives or responsibilities of employer/employee
in promoting human health and safety in the workplace , benefits of diversity in the workplace
 Team performance, assessment and conflict management: Low hanging fruits: Stages of team development,
criteria for successful teams, causes of conflict grievance procedure and dealing with difficult
personalities in the workplace.