RDP, CSR, Cash and Credit Purchasing, Laws

Question 1

What does CSR stand for?

Answer 1

Corporate Social Responsibility

Question 2

What is the aim of CSR?

Answer 2

A concept which encourages business enterprises to give something back to society
-contributing to sustainable development

Question 3

Give some examples of CSR

Answer 3

Sponsorships - think of DHL courier services, they are the main sponsor for the Stormers rugby team

Question 4

What does RDP stand for?

Answer 4

Reconstruction and Development Programme

Question 5

What is RDP?

Answer 5

• Strategy for economic growth and development

- To build a better South Africa by fighting poverty and inequality

Question 6

What is the aim of RDP

Answer 6

• meeting the basic needs of South Africans e.g. housing, water, electricity, food
• development of Human Resources e.g. Education, training, and skills development
• Building the economy e.g. focusing on the strengths of the economy
• democratization of the state and society e.g. everyone participate in the economy of our land

Question 7

Name some of the successes of the RDP

Answer 7

• Providing many rural areas with running water
• Free health care provided
• over a million electrical connections have been made

Question 8

Name some of the failures of the RDP

Answer 8

• Slow in providing housing to the poor

- Problems with land reform

Question 9

What is Cash purchasing?

Answer 9

• Takes place when the goods are paid at the same time it is taken from the store
• Notes, coins, cheques, debit cards, internet transfers

Question 10

What is Credit purchasing?

Answer 10

• Takes place when goods are sold now, but only paid for in the future
• credit cards, credit on account, credit on instalment sale

Question 11

What are the advantages of Credit purchasing?

Answer 11

• no problems with outstanding debts
• no accounts to be sent to debtors
• qualify for cash discount

Question 12

What are the advantages of cash purchasing?

Answer 12

• Credit traders charge more for their goods because they have to wait for payment
• enables consumers to buy goods now and pay laer

Question 13

What is the Basic Conditions of Employment Act (law in SA)

Answer 13

• Sick leave
• Annual leave
• Family responsibility leave
• Working hours
• Notice of termination of employment

Question 14

What is the Employment Equity Act (law in SA)

Answer 14

• To eliminate unfair discrimination in the workplace

- Promote equal opportunities and fair treatment

Question 15

What does BEE stand for

Answer 15

Black Economic Empowerment

Question 16

What is Black Economic Empowerment?

Answer 16

• Increasing participation of black people in the economy
• To achieve equity in the workplace
• includes women and disabled people