Business Studies Grade 12 Key Terms - Business Environment

Question 1

Money collected from skills development levy to fund NSDS

Accepted Answer

National Skills Fund

Question 2

Act that promotes employment equity and regulates affirmative action

Accepted Answer

Employment Equity Act

Question 3

Organisation that provides and promotes the education and training within a economic sector

Accepted Answer

SETA

Question 4

Section of the economy in which businesses have related products and services

Accepted Answer

Sectors

Question 5

To put right a wrong or a grievance

Accepted Answer

redress

Question 6

Which one is NOT a purpose of the SDA?

Accepted Answer

Designing learnerships of on-job-training

Question 7

The person appointed by a company to ensure that skills development takes place

Accepted Answer

Skills Development Facilitator

Question 8

Fairness and justice

Accepted Answer

equity

Question 9

A levy paid to SARS for the purpose of financing the skills development strategy

Accepted Answer

Skills development levy

Question 10

All taxable compensation (not only cash) for work done

Accepted Answer

Remuneration

Question 11

Comprehensive framework to develop skills, incl govt, business and labour

Accepted Answer

National Skills Development Strategy

Question 12

A framework that classifies the levels of occupational qualifications

Accepted Answer

NQF

Question 13

Theoretical and practical training opportunities that can lead to a recognised qualification

Accepted Answer

Learnership

Questions 13