Business Studies

The government is divided into three levels. Which one is not a level of government?

• Parliament

• National

• Local

• Provincial

The current Minister of Finance is:

• Tito Mboweni

• Nhlanhla Nene

• Trevor Manuel

• Pravin Gordon

Government is not responsible for

• Food

• Health

• Infrastructure

• Safety

The acronym CPI stands for Consumer Price Index

• Consumer Price Index

• Crime Policies Investigations

• Currency Policies

• None of the above

National budget is

• Payable by employers at a rate of 1% of the total remuneration paid to employees

• A plan that shows the government’s income and expenditure

• Government’s main source of income

• Tax paid by individuals who receive a salary.

An unskilled worker has no formal qualifications and has most likely not finished school.

• True

• False

Capital is defined as money only invested in a business

• True

• False

The president is elected by parliament and appoints a cabinet of ministers.

• True

• False

Unemployment refers to people who are willing and able to work, but cannot find jobs.

• True

• False

Government has the responsibility to make policies and laws about the rights and responsibilities of citizens and the delivery of government services.

• True

• False