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BSM1501 ASSESSMENT 5 SEMESTER 1 QUESTIONS AND ANSWERS 2024 $3.77
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BSM1501 ASSESSMENT 5 SEMESTER 1 QUESTIONS AND ANSWERS 2024

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QUESTIONS AND ANSWERS FOR BSM1501 ASSESMENT 5 SEMESTER 1 2024

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  • May 17, 2024
  • 14
  • 2023/2024
  • Exam (elaborations)
  • Questions & answers
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Started on Friday, 17 May 2024, 3:51 PM
State Finished
Completed on Friday, 17 May 2024, 5:21 PM
Time taken 1 hour 30 mins
Marks 32.00/35.00
Grade 18.28 out of 20.00 (91.43%)
Question 1
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Question text
According to the golden rules, what should a business plan be based on?


A.Entrepreneurial success stories.

b. Intuition and personal beliefs.

c. Marketing strategies.

d. Facts and figures.


Question 2
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Why is investing one's own funds in the enterprise emphasised, when discussing capital needs?


A.To comply with legal requirements

b. To show commitment as an entrepreneur

c. To maximise profits

d. To qualify for government incentives

, Question 3
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What does the leading function involve in the general management of an enterprise?


a.Transforming inputs into outputs

b. Negotiating with suppliers for better prices

c. Motivating subordinates to work together voluntarily

d. Comparing suppliers for prices and quality


Question 4
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Inviting journalists from a local newspaper to the opening of an enterprise would be considered as
part of the _______ management function.


a.human resources

b. public relations

c. marketing

d. information

Question 5
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Which function promotes the enterprise's image and ensures positive support from all interest
groups?


A.Marketing

b. Human resources

c. Information management

d. Public relations

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