Exam (elaborations)
Mnb1501 Assignment 2 semester 1 2024
- Institution
- University Of South Africa (Unisa)
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3/4/24, 11:01 AM Assessment 2: Attempt reviewMNB1501-24-S1 Welcome Message Assessment 2
QUIZ
Started on Monday, 4 March
2024, 10:40 AM
State Finished
Completed on Monday, 4 March 1 5 0
1 3 0
2024, 11:01 AM
Time taken 20 mins 59 secs
Marks
out of 100.00
Question 1
Incorrect
Mark 0.00 out of 1.00
Which one of the following was identi ed
as the most problematic factor for doing
business in South Africa according to the
World Economic Forum?
a. tax rates
b. in ation
c. corruption
d. tax regulations
Your answer is incorrect.
The correct answer is tax rates.
According to the World Economic Forum,
as reported in Schwab (2017), the most
problematic factor for doing business in
South Africa was tax rates contributing
to 21.7%. The less problematic factors
were foreign currency and restrictive
labour regulations. Refer to Figure 3.2.
The correct answer is:
tax rates
https://mymodules.dtls.unisa.ac.za/mod/quiz/review.php?attempt=15144299&cmid=844989 1/16
,3/4/24, 11:01 AM Assessment 2: Attempt review
Question 2
Correct
Mark 1.00 out of 1.00
Which of the following is a common
reason for small businesses to fail due
to nancial inadequacy?
a. economic recession
b. cash- ow problems
c. higher interest rates
d. lack of experience in managing
business operations
Your answer is correct.
The correct answer is cash- ow
problems, which is one of the nancial
inadequacies linked to the failure of
small businesses. A lack of experience in
managing business operations is one of
the managerial reasons for small
businesses to fail, while economic
recession and higher interest rates are
classi ed as external factors. Refer to
Table 3.1.
The correct answer is:
cash- ow problems
https://mymodules.dtls.unisa.ac.za/mod/quiz/review.php?attempt=15144299&cmid=844989 2/16
,3/4/24, 11:01 AM Assessment 2: Attempt review
Question 3
Correct
Mark 1.00 out of 1.00
Which one of the following is NOT a
possible source of business ideas in
South Africa?
a. government directives
b. personal interests and
educational courses
c. suggestions from customers,
family and friends
d. previous work experience and
industry-related exposure
Your answer is correct.
The answer is government directives.
The government does not issue
directives regarding the types of
businesses that people should establish.
Possible sources of business ideas
include previous work experience,
personal interests, industry-related
exposure, educational courses and
suggestions from customers, family and
friends. Refer to section 3.3.
The correct answer is:
government directives
https://mymodules.dtls.unisa.ac.za/mod/quiz/review.php?attempt=15144299&cmid=844989 3/16
, 3/4/24, 11:01 AM Assessment 2: Attempt review
Question 4
Incorrect
Mark 0.00 out of 1.00
Thandi Zulu and Mike Engelbrecht would
like to form a partnership to establish
their domestic cleaning services
company. Which one of the following is
correct with regard to a partnership?
a. A partnership is a juristic
personality.
b. It is a contractual agreement
between partners
c. Partnerships cannot be
extended to juristic persons
d. The partnership is liable for
the debts of the partnership,
not the individual partners
Your answer is incorrect.
The correct answer is “It is a contractual
agreement between partners.” A
partnership is a business jointly owned
by two or more people to generate a
pro t. A partnership is characterised by
each partner contributing something to
the business and each partner expecting
a share of the pro t. Refer to section
3.7.
The correct answer is:
It is a contractual agreement between
partners
https://mymodules.dtls.unisa.ac.za/mod/quiz/review.php?attempt=15144299&cmid=844989 4/16
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