Professional Documents
Culture Documents
GRADE 12 PAPER 2
BUSINESS STUDIES
JUNE 2023
MARKING GUIDELINES
NOTES TO MARKERS
• Uses a different expression from that which appears in the marking guidelines.
• Comes from another source.
• Original
• A different approach is used
3. Take note of other relevant answers provided by candidates and allocate marks
accordingly. (In cases where the answer is unclear or indicates some understanding,
part-marks should be awarded, for example, one mark instead of the maximum of two
marks.)
4. The word ‘Sub-max’ is used to facilitate the allocation of marks within a question or
sub-question.
5. The purpose of circling marks (guided by ‘max’ in the breakdown of marks) on the
right-hand side is to ensure consistency and accuracy in the marking of scripts as
well as for calculation and moderation purposes.
6. Subtotals to questions must be written in the right-hand margin. Circle the subtotals
as indicated by the allocation of marks. This must be guided by ‘max’ in the marking
guideline. Only the total for each question should appear in the left-hand margin next
to the appropriate question number.
7. In an indirect question, the theory as well as the response must be relevant and
related to the question.
10. Note that no marks will be awarded for indicating Yes/No in evaluation type questions
requiring substantiation or motivation. (Applicable to SECTIONS B and C).
11. The differentiation between 'evaluate' and 'critically evaluate' can be explained as
follows:
Positive: 'COIDA eliminates time and costs spent√ on lengthy civil court
proceedings.'√
11.2 When 'critically evaluate' is used, candidates are expected to respond in either
a positive/negative manner or take a neutral (positive and negative) stance. In
this instance, candidates are also expected to support their responses with
more depth, e.g. 'COIDA eliminates time and costs spent√ on lengthy civil
court proceedings√, because the employer will not be liable for compensation
to the employee for injuries sustained during working hours as long as it can
be proved that the business was not negligent.'√
12. The allocation of marks must be informed by the nature of the question, cognitive
verb used, mark allocation in the marking guidelines and the context of each
question.
12.1 Advise, name, state, mention, outline, motivate, recommend, suggest, (list not
exhaustive) do not usually require much depth in candidates' responses.
Therefore, the mark allocation for each statement/answer appears at the end.
13. Mark only the FIRST answer where candidates offer more than one answer for
SECTION B and C questions that require one answer.
14. SECTION B
14.1 If for example, FIVE facts are required, mark the candidate’s FIRST FIVE
responses, and ignore the rest of the responses. Indicate by drawing a line
across the unmarked portion.
NOTE:
1. This only applies to questions where the number of facts is specified.
2. The above also applies to responses in SECTION C (where applicable)
14.2 If two facts are written in one sentence, award the candidate FULL credit. Point
14.1 above still applies.
14.3 If candidates are required to provide their own examples/views, brainstorm this
at the District to finalise alternative answer and consult with the Province for
approval.
14.4.2 If the number of facts required is not specified, the allocation of marks
must be informed by the nature of the question and the maximum
mark allocated in the marking guidelines.
14.5 ONE mark may be awarded for answers that are easy to recall, requires
one-word answers or is quoted directly from a scenario/case study. This
applies to SECTIONS B and C in particular (where applicable).
15. SECTION C
15.1 The breakdown of the mark allocation for the essays is as follows:
Introduction
Content Maximum: 32
Conclusion
Insight 8
TOTAL 40
15.5 Mark all relevant facts until the SUBMAX/MAX mark in a subsection has been
attained. Write SUBMAX/MAX after maximum marks have been obtained.
15.6 At the end of each essay, indicate the allocation of marks for facts and marks
for insight as follows: (L – Layout, A – Analysis, S – Synthesis, O –
Originality) as in the table below.
CONTENT MARKS
Facts 32 (max.)
L 2
A 2
S 2
O 2
TOTAL 40
15.7 When awarding marks for facts, take note of the sub-maxima indicated,
especially if candidates do not make use of the same subheadings.
Remember headings and sub-headings are encouraged and contribute to
insight (structuring/logical flow/sequencing) and indicate clarity of thought.
(See MARKS BREAKDOWN at the end of each question.)
15.9 If a different approach is used by candidates, ensure that the answers are
assessed according to the mark allocation/subheadings as indicated in the
memorandum.
15.10 15.10.1 Award TWO marks for complete sentences. Award ONE mark for
phrases, incomplete sentences, and vague answers.
15.10.2 With effect from November 2015, the TWO marks will not
necessarily appear at the end of each completed sentence. The
ticks (√) will be separated and indicated next to each fact, e.g.
‘Product development is a growth strategy/where businesses aim
to introduce new products√ into existing markets.’√
This will be informed by the nature and context of the question, as
well as the cognitive verb used.
15.11 With effect from November 2017, the maximum of TWO (2) marks for facts
shown as headings in the memo, will not necessarily apply to each question.
This would also depend on the nature of the question.
SECTION A
QUESTION 1
1.1.1 B √√
1.1.2 A √√
1.1.3 C √√
1.1.4 C √√
1.1.5 A √√
(5 × 2) (10)
1.3.1 E √√
1.3.2 D √√
1.3.3 F√√
1.3.4 H √√
1.3.5 I √√
(5 × 2) (10)
SECTION B
2.3
2.3.1 INVESTMENT DECISIONS MOTIVATION
Return on investment √√ The management of decided that
they want to receive returns in the
form of capital gains where the
asset appreciates in value over
time. √
Investment period √√ They also realise that the longer the
investment period the higher the
returns. √
Sub-max (4) Sub-max (2)
Max (6)
Risk √√
- Refers to the chance that the invested amount may be reduced in
value/lost in total over a period of time√, due to unforeseen
circumstances. √
- The higher the potential return√, the higher the risk of a potential
loss. √
- Investing in shares has a higher risk√ than investing in a fixed
deposit. √
- Shares have low/medium risk√ over a longer investment period. √
- Shares with higher risks √ have a greater potential for higher returns.
√
- Ordinary shares have the highest risk√ as the investor may lose the
full/part of the investment when the company is
dissolved/bankrupt/liquidated. √
- Preference shareholders' risk is lower√, as they have preferential
claims on the assets of the liquidated company/may receive some
compensation before ordinary shareholders. √
- Share prices are linked to factors such as economic
conditions/operational success of the company√ which investors
cannot always control. √
- Share prices are volatile/unstable/unpredictable/may
increase/decrease sharply within hours√ which contribute to the risk.
- Any other relevant answer related to risk as a factor to be considered
when making investment decisions.
Factor (2)
Discussion (1)
Sub-max (3)
Inflation rate √√
- Investors/People are affected by a high inflation rate√ because their
money/purchasing power decreases. √
- The return on investment should be higher√ than the inflation rate. √
- Inflation has a positive effect on some investments√ such as
- property/shares where the income will increase as inflation
increases. √
- Any other relevant answer related to inflation rate as a factor to be
considered when making investment decisions.
Factor (2)
Discussion (1)
Sub-max (3)
Liquidity √√
- An amount could be invested in a type of investment√ that can easily
be converted to cash. √
- It is used to describe the ease and speed√ with which investors can
convert an investment into cash. √
- Example: An investment in a savings account/unit trust will be easier
to convert into cash√ than an investment in a fixed deposit which is
usually deposited for a fixed period. √
- Any other relevant answer related to liquidity as a factor to be
considered when making investment decisions.
Factor (2)
Discussion (1)
Sub-max (3)
Taxation √√
- Refers to a compulsory payment√ made by citizens to the
government. √
- A good investment√ will yield good after-tax returns. √
- Income tax implications must be considered√ in order to ensure a
high net after tax return. √
- Tax rates are not necessarily the same√ for different investments. √
- Any other relevant answer related to taxation as a factor to be
considered when making investment decisions.
Factor (2)
Discussion (1)
Sub-max (3)
NOTE: Mark the first TWO factors only.
Max (6)
2.5
2.5.1 =PxRxT√
= R5 000 x 10% x 2 years √
= R1 000 √√
NOTE: 1. Allocate full marks (4) if the answer is correct and no workings
are shown.
2. If workings were shown correctly, but the final answer is wrong,
award a maximum of ONE (1) mark.
3. If there are no workings shown and the answer is incorrect,
allocate a ZERO mark.
Max (4)
Max (6)
[40]
3.2.1 Transparency √√
3.2.2 Responsibility √√
3.2.3 Accountability √√
Max (6)
3.4
3.4.1
PROBLEM SOLVING MOTIVATION
TECHNIQUES
Force Field Analysis √√ FB considered the advantages and
disadvantages of the decision to
change the structure of their
business. √
AND /OR
Negatives/Disadvantages
- Requires the participation√ of all business units. √
- It is time consuming since the business must stabilise√ before more
changes can be made. √
- The analysis developed is entirely dependent upon the skill level√
and knowledge of the group working on the analysis. √
- Any other answer related to the negative impact of Force Field
analysis.
Max (6)
OR
Nominal-group technique
Positives/Advantages
- It provides time to think about the question√ in silence before
responding. √
- Voting on the ideas is anonymous√ and may be more
reliable/honest. √
- Strong technique√ for preventing conformity to group pressure. √
AND /OR
Negatives/Disadvantages
- Small groups limit participation√ and are pre-selected. √
- Suggestions may not be as creative√ as when a group throws ideas
around. √
- Good ideas can be voted out√ because its potential cannot be
developed further. √
- It minimises discussion, √and thus does not allow the full
development of ideas. √
- Ideas/Inputs made by members√ may not converge and cannot lead
to the same solution (s) √.
- Any other answer related to the negative impact of Nominal-group
technique.
Max (6)
Max (6)
[40]
BUSINESS VENTURES
NOTE:
1. The answer does not have to be in tabular form.
Max (4)
4.5 Problem-solving steps
- Identify the problem. √
- Define the problem. √
- Identify possible solutions to the problem. √
- Select the most appropriate alternative. √
- Develop an action plan. √
- Implement the suggested solution/action plan. √
- Monitor the implementation of the solution/action plan. √
- Evaluate the implemented solution. √
- Any other relevant answer related to the steps in problem-solving.
NOTE: Mark the first TWO (2) only.
Max (2)
4.6
4.7.1 STAGES OF TEAM MOTIVATION
DEVELOPMENT
Storming √√ Josiah always questioned the other
members' ideas and opinions as
he wanted to be the team leader. √
NOTE:
1. Do not award marks for motivation if the stages of team
development were incorrectly identified.
2. Award marks for the stages of team development even if the
quote is incomplete.
Max (6)
Explanation (1)
Sub-max (3)
Adjourning/Mourning stage √√
- The focus is on the completion of the task/ending the project. √
- Breaking up the team may be traumatic as team members may
find it difficult to perform as individuals once again. √
- All tasks need to be completed before the team finally dissolves.
√
- Any other relevant answer related to the adjourning/mourning
stage of team development
Stage (2)
Explanation (1)
Sub-max (3)
NOTE:
1. Mark the first TWO (2) only.
2. Do not allocate marks for Storming/ Norming as identified in
Question 4.3.1
Max (6)
[40]
SECTION C
5.1 Introduction
- The attitude of a leader has an influence on the success and or failure of the
business. √
- Leaders and managers can create opportunities and motivate people to be
productive which leads to successful businesses. √
- Businesses use situational and transformational leadership theories in
different situations to influence employees. √
- Good leaders can also be good managers, as both can inspire/energise
people and bring about change. √
- Many managers are also good leaders with excellent management skills. √
- The transactional leadership style can be used to influence employees
positively. √
- Any other relevant introduction related to the role of personal attitude in
successful leadership / situational and transformational leadership theories /
the impact of the transactional and charismatic leadership styles /application of
transactional leadership style.
(2 × 1) (2)
AND/OR
Negatives/Disadvantages
- Employees may become bored/lose creativity √ as they must follow rules/
procedures. √
- A transactional leader will have to monitor the work performance of employees
√ to ensure that expectations are met. √
- Managing/controlling employees √ may be time-consuming. √
- Some employees may be demoralised/ unmotivated if they fail to reach/meet
targets √ despite having worked very hard. √
- Not suitable for teamwork as all team members can be punished for poor
performance √ caused by one team member. √
- Any other relevant answer related to the negative impact/disadvantages of the
transactional leadership style.
Sub-max (8)
AND/OR
Negatives/Disadvantages
- Leader believes more in him/her √ than the team. √
- Projects can collapse √ if the leader leaves the team. √
- Leaders are intolerant of challenges √ and regard themselves as irreplaceable.
√
- Any other relevant answer related to the negative impact/disadvantages of the
charismatic leadership styles
Sub-max (8)
Max (16)
5.5 Situations in which the transactional leadership style can be applied in the
workplace
- The business wants to maximise employee performance. √√
- Deadlines have to be met on short notice/under pressure. √√
- Workers have low morale. √√
- The strategies/business structures are clear and do not have to change. √√
- Productivity levels are very low/not according to targets. √√
- Any other relevant answer related to situations in which the transactional
- leadership style can be applied in the workplace.
Max (8)
5.6 Conclusion
- Managers can also be successful leaders if they do not only focus on the task
at hand, but also the people/workers who will execute the task. √√
- A leader who is positive/enthusiastic/energetic will inspire his followers to
improve/empower/uplift themselves to achieve their own personal goals. √√
- The transactional and charismatic leadership styles encourage innovative
ideas and boosts the morale of workers. √√
- The style used depends on the personality of the leader and nature of the
business. √√
- Leaders who understand various leadership styles may be able to lead
effective and handle any situation. √√
- Any other relevant conclusion related to the role of personal attitude in
successful leadership / situational and transformational leadership theories /
the impact of the transactional and charismatic leadership styles /application of
transactional leadership style.
Any (1 × 2) (2)
[40]
6.1 Introduction
- Grievance takes place when an employee is unhappy/ has a
problem/complaint in the workplace. √
- Conflict refers to disagreements between two or more parties. √
- Lack of proper communication between management and workers can lead to
conflict. √
- The business can deal with difficult people by treating them with respect,
irrespective of whether they are capable/ competent or not√
- Any other relevant introduction related to causes of conflict/ how to handle
conflict/ correct procedure of dealing with grievance/ dealing with difficult
people.
Any (2 × 1) (2)
- Make intentions for intervention clear√ so that parties involved may feel at
ease. √
- Each party has the opportunity√ to express his/her own opinions/feelings√
- Conflicting parties may recognise√ that their views are different during the
meeting. √
- Analyse/Evaluate the cause (s) of conflict√ by breaking it down into different
parts. √
- Blame shifting should be avoided√ and a joint effort should be made. √
- Direct conflicting parties towards√ finding/focusing on solutions. √
- Devise/Brainstorm possible√ ways of resolving the conflict. √
- Conflicting parties agree√ on criteria to evaluate the alternatives. √
- Select and implement√ the best solution. √
- Provide opportunities for parties√ to agree on the best solution. √
- Evaluate/Follow up√ on the implementation of the solution(s). √
- Monitor progress to ensure√ that the conflict has been resolved. √
- Source experts on handling√ conflict from outside the business. √
- Any other relevant answer related to handling conflict in the workplace.
Max (12)
6.6 Conclusion
- Causes of conflict in the workplace should always be dealt with as soon as
possible to avoid problems from piling up and affecting the operations
negatively. √√
- Different techniques should be used to deal with conflict correctly at the
workplace. √√
- Keep communication channels open/Encourage employees to communicate
their grievances to management. √√
- Get perspective from others who have experienced the same kind of situation
to be able to understand difficult employees. √√
- Any other relevant conclusion related to causes of conflict/ how to handle
conflict/ correct procedure of dealing with grievance/ dealing with difficult
employees in the workplace.
Any (1 х 2) (2)
[40]
TOTAL SECTION C 40