Exam (elaborations)
MNB1501 ASSESSMENT 6, SEMESTER 1. 2023
- Institution
- University Of South Africa (Unisa)
MNB1501 ASSESSMENT 6 100% GUARANTEED PASS
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Dashboard CalendarDashboard / Courses / UNISA / 2023 / Semester 1 / MNB1501-23-S1 / Welcome Message / Assessment 6
Started on Friday, 3 March 2023, 12:07 PM
State Finished
Completed on Friday, 3 March 2023, 3:13 PM
Time taken 3 hours 5 mins
Marks 18.00/20.00
Grade 90.00 out of 100.00
Question 1
Correct
The _____________________ function is responsible for acquiring all products and materials that are required by the business to function
Mark 1.00 out of
profitably.
1.00
a. operations
b. purchasing and supply
c. human resources
d. general management
Your answer is correct.
The correct answer is:
purchasing and supply
Question 2
Correct
In a country such as South Africa, the most important characteristic of the business world in which it operates includes ___________________ .
Mark 1.00 out of
1.00
a. the freedom of individuals to establish any business of their choice
b. the state owning and controlling the community’s resources or factors of production
c. the limited choice of products and services that the state offers
d. the allocation of resources which are not affected by free markets
Your answer is correct.
The correct answer is:
the freedom of individuals to establish any business of their choice
, Question 3
Correct
What business tactic was used by IBM when they bought their components from Intel and Microsoft?
Mark 1.00 out of
1.00
Dashboard Calendar
Select one:
a. Franchising
Dashboard / Courses / UNISA / 2023 / Semester 1 / MNB1501-23-S1 / Welcome Message / Assessment 6
b. Promoting social trends
c. Outsourcing
d. Investing in new business ventures
The correct answer is: Outsourcing
Question 4
Correct
Which one of the following statements referring to the entrepreneurial process is NOT correct?
Mark 1.00 out of
1.00
Select one:
a. Entrepreneurship is constituted by those individuals in society who use their initiative and take risk to provide products and services.
b. Entrepreneurship is the process of starting a new business that will succeed.
c. The entrepreneur’s reward for taking the initiative and taking risks is profit.
d. Entrepreneurship is the process of creating and building something of value from practically nothing.
The correct answer is: Entrepreneurship is the process of starting a new business that will succeed.
Question 5
Correct
Which one of the following statements is NOT true for a business with a legal personality?
Mark 1.00 out of
1.00
Select one:
a. The business has its own rights, assets and obligations.
b. The business is dependent on its members.
c. The business is recognised as a legal subject alongside natural persons or individuals.
d. The existence of the business is not affected by changes in its membership.
The correct answer is: The business is dependent on its members.
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