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True/false: The provision of electricity to households and businesses is a function of local government.


True/false: An example of free riding is when government imposes a tax on companies based on their carbon emissions.


Which one is better suited to explain trade between nations Ricardo's or HO thoery and why?


Draw parallels between Ricardo's and HO theory?


Airlines sometimes offer reduced rates during certain times of the week to members of a businessperson’s family if they accompany him or her on trips. How does the concept of relevant costs enter into the decision by the airline to offer reduced rates of this type?


1. Critically discuss the employees’ perceptions on the practice of distributive justice in the promotion of the employees within the workplace/s.


Explain the relationship between stakeholder engagement and corporate social responsibility. (10)



Reflect on the statement given below and give your insight/s. Write you answer in your portfolio.

“Marketing involves, among others, the delivery of value to consumers. 

However, the value of consumer places on a particular product or service is subjective. “


16.Taxes may be divided into two types, namely indirect and _____ taxes. Select the 

correct alternative from the list provided below. 

(1) Direct. 

(2) Local. 

(3) Informal. 

(4) Indirect. 

 

17.Select an alternative that contains the source from which

indirect taxes are based 

from the list provided below. 

(1) Income. 

(2) Expenditure. 

(3) Legal entities. 

(4) Levies and fines. 


10. In terms of tax legislation, the less affluent income earners pay ______ tax on a pro 

rata basis than will be the more affluent one. Select the

correct alternative from the 

list provided below.

 (1) Less.

 (2) More.

 (3) Equal.

 (4) Equivalent.

 

11.Privatisation is about ________ a government enterprise to a

private sector owner. 

Select the correct alternative from the list provided below.

(1) Renting-out.

(2) Marketing.

(3) Selling.

(4) Promoting.



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