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MNE3701 ASSIGNMENT 5 GUIDE 2023
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THE DOCUMENT CONTAINS RESPONSES FOR THE ASSIGNMENT 5 2023. FOR FURTHER ASSISTANCE CONTACT 4
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MNE3701 ASS5 2023 0717513144DISCLAIMER
The MNE3701 ASSIGNMENT 5 GUIDE IS A PRODUCT OF INTERNAL AND
EXTERNAL RESEARCH THAT INCLUDES THE STUDY GUIDE, PRESCRIBED
TEXTBOOK, AND OTHER AUTHENTIC SOURCES.
NB: Students must not copy and paste. For clarity, students are free to call on
the provided number and/ email.
, MNE3701 ASS5 2023 0717513144
Making Life In The Markets
, MNE3701 ASS5 2023 0717513144
Having acquired sufficient knowledge and skills on entrepreneurship and small
business management, you must demonstrate practical competencies in managing
business’s assets and risks. Think of any business you would like to start and answer
the following questions:
QUESTION 1
By using practical examples, critically discuss how you would manage the
assets of your business. (10)
Assets of a business can be defined as the resources that are, used and controlled by
the business as a result of past events (Allen, 2015). Assets are generally classified
into two broad categories namely current and noncurrent assets, in which categories
physical and non-physical assts can be further grouped (Longenecker, Petty, Palich &
Hoy, 2013). According to Kuratko (2006) assets of a business are reported in the
businesses balance sheet at any given date. The common type of assets are vehicles,
premises, equipment, inventories, financial investments, debtors and cash held at
bank or hand as petty cash (Burns, 2016). The business must strategically manage
these assets for sound performance and success.
Taking an example of B2FX a business that is into online financial trading, the following
are the businesses assets as reported in its balance sheet
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