Business studies Summative

South Africa is a mixed economy

• True

• False

Answer explanation

South Africa is a mixed economy because it has a private sector and public sector!

These refer to businesses that are controlled by the government

• State own enterpride

• State owned enterprises

• Woolworths

• Education department

_____ consists of business activity that is owned and run by sole proprietors, partnerships, etc

This is when individuals are more successful than other people because they have better opportunities than others

• Inequality

• Bribery

• Millionaires

High employment rates contribute to unemployment

• True

• False

Answer explanation

High employment rates will decrease the unemployment rate.

This means more people will be employed

Negative effect on individuals, society and business is known as

• Social responsibility

• Social abuse

• Employment

• Socioeconomic issues

People who affected by _______ usually have low income levels, education and skills

• Mental illness

• Poverty

• Inequality

• No school

Select the business that is part of the PUBLIC sector

• Eskom

• Sanlam

• Woolworths

• Romans pizza

____ is a disease that affects the business negatively because employees are usually absent due to doctor visits

People of all races, genders and religions working in a business and respecting each others values and beliefs is known as

• Tolerance

• Inclusivity

• Education

• Respectful