1.1 Emmah will receive a pre-determined amount invested in a ... when she reaches a certain age. Answer: A fixed deposit.
- A fixed deposit is a type of savings account that offers a fixed interest rate for a specified period of time. The interest rate is usually higher than that offered on a regular savings account, but the money cannot be withdrawn without penalty before the end of the term. Fixed deposits are often used as a way to save for a specific goal, such as a down payment on a house or a child's education.
1.2 Non-profit companies are able to raise money through various donations. This refers to ... as a criterion for contributing to the success of a business. Answer: taxation
- Taxation is the process by which a government imposes a charge on a person or entity. The charge can be based on income, property, or other factors. Taxation is used to raise revenue for the government, which is then used to fund public services such as education, healthcare, and infrastructure.
1.3 Presenters use ... as a visual aid to display large illustrations of products to support the core message of their presentation. Answer: posters
- A poster is a large printed sheet of paper that is typically used to advertise or promote something. Posters are often used in public spaces, such as on walls or billboards, but they can also be used in private settings, such as in a classroom or office.
1.4 Chiliza Traders submitted false returns to SARS. This is known as ... , a type of unethical business practice. Answer: tax evasion
- Tax evasion is the illegal practice of deliberately not paying taxes that are owed. Tax evasion can be done in a variety of ways, such as by not reporting all of one's income, claiming false deductions, or using offshore accounts to hide assets. Tax evasion is a serious crime that can result in fines, imprisonment, or both.
1.5 Team leaders implement ... as a criterion for successful team performance by providing regular feedback to their members. Answer: interpersonal attitude and behavior
- Interpersonal skills are the skills that people use to interact with each other. These skills include communication, teamwork, and conflict resolution. Interpersonal skills are important in all aspects of life, but they are especially important in the workplace. People with good interpersonal skills are able to build strong relationships with others, which can lead to success in their careers.
The image shows a table with five columns and two rows. The first column is labeled "Question", the second column is labeled "Answer", the third column is labeled "Explanation", the fourth column is labeled "Example", and the fifth column is labeled "Source". The first row in the table contains the question "What is the difference between a fixed deposit and a savings account?", the answer "A fixed deposit is a type of savings account that offers a fixed interest rate for a specified period of time, while a savings account is a type of bank account that allows you to deposit and withdraw money at any time.", the explanation "Fixed deposits are often used for short-term savings goals, while savings accounts are used for long-term savings goals.", the example "A fixed deposit might be used to save for a down payment on a house, while a savings account might be used to save for retirement.", and the source "Investopedia". The second row in the table contains the question "What is taxation?", the answer "Taxation is the process by which a government imposes a charge on a person or entity.", the explanation "The charge can be based on income, property, or other factors.", the example "Taxation is used to raise revenue for the government, which is then used to fund public services such as education, healthcare, and infrastructure.", and the source "Investopedia".