QUESTION 2
[20]
2.1
Define the “communication process” and illustrate with examples.
(5)
2.2
Various forms of ownership of businesses exist. A relative of yours would like to start his
own business. Advise your relative on the following:
a)
Define a partnership.
(3)
b)
Discuss five (5) features/characteristics of a close corporation.
(5)
c)
List five (5) disadvantages of a sole proprietor.
(5)
2.3
Explain the term “unlimited liability” and state which type of business has unlimited liability.
(2)
QUESTION 3
[20]
3.1
Maslow’s hierarchy of needs are very popular and well-studied. Name and discuss Maslow’s
hierarchy of needs and illustrate further in a diagram how human needs influence human
behaviour.
(10)
3.2
One of the responsibilities of a Management Assistants to do introductions of clients and
business people. Discuss how he/she can go about when making introductions.
(5)
3.3
Define the following terms and illustrate with examples:
3.3.1 Entrepreneur
(3)
3.3.2 Quaternary sector
(2)
QUESTION 4
[20]
In table form differentiate between a private and public company by distinguishing between
their 4.1 name 4.2 management 4.3 stock exchange 4.4 capital.
(8)
4.5
Namibia and in many African countries are home to various and distinct cultures.
Discuss four (4) points/tips of traditional order of precedence that should be kept in
mind when dealing with traditional groups.
(8)
4.6
Various types of economic systems exist and can be practiced. Distinguish between a mix
economic system and a communist economic system.
(4)