100% satisfaction guarantee Immediately available after payment Both online and in PDF No strings attached
logo-home
MNB1501 - ASSESSMENT 2 - Q&A - SEMESTER 1 - 2023 $5.49
Add to cart

Exam (elaborations)

MNB1501 - ASSESSMENT 2 - Q&A - SEMESTER 1 - 2023

 16 views  0 purchase
  • Course
  • Institution

This document consists of ten assessments that have correct answers. Feedback is provided for each question. When used correctly, it can ensure that you receive a distinction.

Preview 4 out of 126  pages

  • June 24, 2023
  • 126
  • 2022/2023
  • Exam (elaborations)
  • Questions & answers
avatar-seller
MNB1501 – ASS2 – Q&A - S1 – 2023
Marks 19.00/20.00
Grade 95.00 out of 100.00
Question 1
Correct
Mark 1.00 out of 1.00




Flag question
Question text
Sophie decides to register her business as a legal business entity. Her friend, Alice,
is going to be her business partner and will contribute 50% of the capital that they
will require to get the business started. However, neither Sophie nor Alice wants to
take personal liability for the business, nor do they want to appoint a director. For
which type of legal entity would you suggest she register?
Select one:

a.
Company

b.
Sole proprietorship

c.
Business trust

d.
Partnership
Feedback
The correct answer is: Business trust

Question 2
Incorrect
Mark 0.00 out of 1.00




Flag question
Question text
How many of the following statements would be correct for Southern Sun Hotel
Corporation (Pty)Ltd?
a It requires at least one director.


1

,b Shares can be listed on the stock exchange.
c It is not as strictly controlled as a Mr Price Holdings Limited.
d Past and present directors are jointly and severally liable for debts contracted
during their terms of appointment.
Select one:

a.
Four

b.
One

c.
Two

d.
Three
Feedback
The correct answer is: Two

Question 3
Correct
Mark 1.00 out of 1.00




Flag question
Question text
MXit’s name and location will be included in the ____________ of the business plan.
Select one:

a.
executive summary

b.
management plan

c.
general company description

d.
operating plan



2

,Feedback
The correct answer is: general company description

Question 4
Correct
Mark 1.00 out of 1.00




Flag question
Question text
In 2007 Bain Capital bought the Edcon group and de-listed it. The company then
traded as Edcon (Pty) Limited and therefore traded as a ____________ company.
Select one:

a.
private

b.
public

c.
state-owned

d.
sole-proprietorship
Feedback
The correct answer is: private

Question 5
Correct
Mark 1.00 out of 1.00




Flag question
Question text
Jo is the owner of Jo’s Cakes in Centurion. She wants to expand her business and
has approached Emerald Bank to apply for a loan. The bank requests that Jo pledge
some of her business assets to serve as security for repayment of the loan. To which
of the four Cs that are used to evaluate a loan application does this scenario refer?
Select one:

a.

3

, Capital

b.
Character

c.
Collateral

d.
Condition
Feedback
The correct answer is: Collateral

Question 6
Correct
Mark 1.00 out of 1.00




Flag question
Question text
The entrepreneur George B. Boedecker, Jr developed the shoe brand Crocs Inc.
Crocs Inc. is an example of a___________________.
Select one:

a.
public company

b.
personal-liability company

c.
state-owned company

d.
private company
Feedback
The correct answer is: personal-liability company

Question 7
Correct
Mark 1.00 out of 1.00




4

The benefits of buying summaries with Stuvia:

Guaranteed quality through customer reviews

Guaranteed quality through customer reviews

Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.

Quick and easy check-out

Quick and easy check-out

You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.

Focus on what matters

Focus on what matters

Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!

Frequently asked questions

What do I get when I buy this document?

You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.

Satisfaction guarantee: how does it work?

Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.

Who am I buying these notes from?

Stuvia is a marketplace, so you are not buying this document from us, but from seller sotholesothole0. Stuvia facilitates payment to the seller.

Will I be stuck with a subscription?

No, you only buy these notes for $5.49. You're not tied to anything after your purchase.

Can Stuvia be trusted?

4.6 stars on Google & Trustpilot (+1000 reviews)

53068 documents were sold in the last 30 days

Founded in 2010, the go-to place to buy study notes for 14 years now

Start selling
$5.49
  • (0)
Add to cart
Added