MNB1501 – ASSESSMENT 6 – Q&A – SEMESTER 1 – 2023
Marks 20.00/20.00
Grade 100.00 out of 100.00
Question 1
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Question text
Deregulation within the airline industry was introduced in South Africa in 1991. Before
deregulation, South African Airways (SAA) was the only service provider on the main
domestic airline routes as well as the international airline routes. The first decade after
deregulation resulted in a wave of low cost airline competitions such as Flitestar, Sun Air,
Phoenix Air, Nationwide, 1time and Velvet sky entering the domestic market.
There are several factors in the business world that apply pressure on a modern-day
organisation such as SAA. Which one of these factors is depicted in the mini-case study
above?
a.
Environmental change
b.
Consumerism
c.
Profitability
d.
Corporate Social Investment
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Your answer is correct.
The correct answer is:
Environmental change
Question 2
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1
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Question text
The voluntary compliance of businesses with practices that are sustainable is known as
___________________.
a.
business ethics
b.
consumerism
c.
corporate sustainability
d.
corporate social responsibility
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Your answer is correct.
The correct answer is:
corporate social responsibility
Question 3
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When SABMiller first started in 1895 as Castle Breweries, they would have needed to
consider what the future might offer, how this impacts on the business, and what needs
to be done now to prepare for it. Which management skill does this refer to?
Select one:
a.
Project management
b.
2
,Planning skills
c.
Strategy skills
d.
Marketing skills
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The correct answer is: Planning skills
Question 4
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Lucy Dlamini aims to open her own hairdressing salon in Cape Town. Which of the
following are traits and characteristics that she should possess in order to be classified as
an entrepreneur?
a Achievement motivation
b Risk- taking
c High tolerance for ambiguity
d Innovation and creativity
Select one:
a.
ad
b.
abc
c.
acd
d.
abcd
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The correct answer is: a b c d
3
, Question 5
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Sophie decides to register her business as a legal business entity. Her friend, Alice, is
going to be her business partner and will contribute 50% of the capital that they will
require to get the business started. However, neither Sophie nor Alice wants to take
personal liability for the business, nor do they want to appoint a director. For which type
of legal entity would you suggest she register?
Select one:
a.
Company
b.
Sole proprietorship
c.
Business trust
d.
Partnership
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The correct answer is: Business trust
Question 6
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Question text
The name of Herman Heunis’s company ends with words “(Pty) Ltd”, which means that it
can be classified as a _______________.
Select one:
a.
private company
4
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