MNB1501 – ASSESSMENT 3 – Q&A - S1 - 2023
Grade 95.00 out of 100.00
Question 1
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Question text
During the ____________ step of the stakeholder engagement process, the organisation
would successfully meet the objectives through execution of the engagement plan with
stakeholders.
Select one:
a.
apply
b.
engage
c.
plan
d.
plan
Feedback
The correct answer is: engage
Question 2
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If information is shared and the outcomes of the engagement process are integrated
into business practice, this would be the __________________ step of the stakeholder
engagement process.
Select one:
1
,a.
application
b.
planning
c.
preparation
d.
evaluation
Feedback
The correct answer is: application
Question 3
Correct
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When SAB identifies its stakeholders and sets objectives and parameters for the
engagement process, it would be part of the __________________ step of the stakeholder-
engagement process.
Select one:
a.
planning
b.
design
c.
evaluation
d.
preparation
Feedback
The correct answer is: planning
Question 4
Correct
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2
, Flag question
Question text
Which one of the following statements regarding corporate governance is correct?
Select one:
a.
A director stands in a fiduciary relationship to the company.
b.
Management is primarily responsible for the implementation of its own strategy.
c.
Top management is the focal point of good corporate governance.
d.
The board’s collective accountability and responsibility can be transferred through
delegation.
Feedback
The correct answer is: A director stands in a fiduciary relationship to the company.
Question 5
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Edcon is a socially responsible organisation and is committed to the reasonable and cost
effective management of its direct and indirect impacts on the environment. It also aims
to provide a healthy and safe environment for employees, customers and the society.
The society is part of the _____________ stakeholders of Edcon.
Select one:
a.
formal
b.
external
3
, c.
primary
d.
internal
Feedback
The correct answer is: external
Question 6
Correct
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Tom Winterboer, African Bank’s curator, is in the process of stakeholder engagement
and needs to seek a mutual understanding and search for beneficial solutions to African
Bank’s problems. In the stakeholder-engagement process, this is known as ____________ .
Select one:
a.
Candour.
b.
Action.
c.
Learning.
d.
Involvement.
Feedback
The correct answer is: Learning.
Question 7
Correct
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Question text
If SAB wants to address CSR in a proactive manner, what system would they use?
4
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