Summary Business Studies Grade 10 Term 3

Youth Entrepreneurs {Ans: Groups of youth often trained through Private-Public-Partner-Partnerships Focus in SA to improve employment & improve standard of living}Legal Definition {Ans: The duties of the contract must be legal One cannot agree to perform illegal actions}RHA {Ans: Rental Housing Act Looks after rights of both Landlords & Tenants in South Africa}Primary Research {Ans: Original research conducted by a business or individual via interviews, questionnaires, surveys &/or observations}Private Sector Sections {Ans: Divided into Formal & Informal Sections}SWOT Analysis {Ans: Strengths Weaknesses Opportunities Threats}Employment Contract {Ans: Agreement between an employer & employee where the employee agrees to undertake certain duties & meet deadlines and the employer promises to remunerate for work done}Secondary Research {Ans: Data already available due to previous research May be further refined to produce new conclusions}Insured {Ans: Individual attempting to protect their assets against potential loss Make a monthly payment / premium to transfer the risk to the insurer}Quinary Sector {Ans: Extension of Quaternary Sector Decision making at highest level of society - Government decisions, Top management operations}Research Ethics {Ans: Get permission from those being researched Some data has potential to cause harm - Need to