Exam (elaborations)
BSM1501 - ASSESSMENT 6 - QUESTIONS AND ANSWERS - SEMESTER 2 - 2024
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2024 – S1 – BSM1501 – ASSESSMENT 6 – Q&AAssessment 6
Started on Saturday, 1 June 2024,
State Finished
Completed on Saturday, 1 June 2024,
Time taken
Marks 40.00/50.00
Grade 24.00 out of 30.00 (80%)
Question 1
What is the focus of a viability study?
a.
Analysing market competition
b.
Identifying target customers
c.
Evaluating the market and profit potential
d.
Assessing the entrepreneur’s skills
Question 2
An entrepreneur worked in a certain industry for eight years. To generate a business
idea of starting his own enterprise, the entrepreneur used his/her _______.
a.
aptitudes
b.
expertise
c.
skills
d.
talents
1
,2024 – S1 – BSM1501 – ASSESSMENT 6 – Q&A
Question 3
What does a production branch refer to?
a.
Enterprises that use the same production processes or perform the same activities.
b.
Enterprises that exploit natural resources in their raw form.
c.
Enterprises involved in conveying or distributing final products.
d.
Enterprises that produce or sell similar products or provide similar services.
Question 4
To which one of the following management skills does this statement refer:
“Contribute to marketing, as they generate new clients through personal
recommendations by existing, satisfied clients.”
a.
Accounting for own purposes
b.
Importance of quality products or services
c.
Knowledge of competitors
d.
General management skills
Question 5
To which one of the following personal characteristics does this statement refer:
“Entrepreneurs have confidence in themselves and their enterprise and carry on in
spite of setbacks.”
2
, 2024 – S1 – BSM1501 – ASSESSMENT 6 – Q&A
a.
Positive attitude and approach
b.
Commitment to the enterprise
c.
Perseverance
d.
Involvement in the enterprise
Question 6
What is the maximum number of partners allowed in a partnership?
a.
15
b.
20
c.
5
d.
10
Question 7
An entrepreneur would invest his/her savings during the _______ stage in the
creation of an enterprise.
a.
implementation
b.
idea
3
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