BUSINESS (FOR DAD)

Question 1

Identify two reasons (other than finacial) why people work

Answer 1

Personal fulfillment: Work provides purpose and satisfaction.

Skill development: Work helps individuals learn and grow professionally

Question 2

Define job rotation

Answer 2

Job rotation is a technique where employees switch tasks or roles to gain new skills and avoid monotony.

Question 3

Identify two hygiene factors from Herzberg’s two-factor theory

Answer 3

Salary: Fair pay prevents dissatisfaction but doesn’t motivate.

Work conditions: A safe, comfortable environment prevents dissatisfaction

Question 4

Define partnership

Answer 4

partnership in business is an agreement where two or more people share responsibilities, profits, and risks in running a business.

Question 5

Define sole trader

Answer 5

A sole trader is a business owned and operated by one individual who is responsible for all aspects of the business, including profits, decisions, and risks.

Question 6

What is a private limited company.

Answer 6

private limited company (Ltd) is a business with shares not traded publicly, where owners’ liability is limited to their investment