A business management exam typically assesses students' understanding of various aspects related to organizational management. It may cover topics such as strategic planning, leadership styles, organizational structure, human resource management, financial decision-making, marketing strategies, and...
Final Supplementary Summative Assessment: July 2020 BMA01A1/BEM11A2/BME1A00/BME0YA1
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SECTION A [60 MARKS]
QUESTION 1
Which one of the following is a characteristic of a socialist system?
A There is free competition among enterprises
B Prices of goods and services are determined by demand and supply
C Government determines all employment opportunities
D Individuals have free choice, but the government influences job opportunities
QUESTION 2
Which one is a characteristic of a communist system?
A Government owns industries, but private ownership of resources is also
allowed
B Private individuals own the factors of production
C Government makes all decisions regarding what to produce
D Individuals have free choice, but the government influences job opportunities
QUESTION 3
A __________ economic system is one in which a country’s economic decisions are
the result of individual decisions by buyers and sellers in the marketplace.
A traditional
B market
C command
D mixed
QUESTION 4
__________ involves the whole process of motivating staff in such a way that their
actions are directed towards reaching the objectives of the business.
A Organising
B Controlling
C Leading
D Planning
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,Final Supplementary Summative Assessment: July 2020 BMA01A1/BEM11A2/BME1A00/BME0YA1
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QUESTION 5
The engineer of Mega Engineering has resigned and joined LTA Construction for a
higher salary. LTA is part of Mega Engineering’s __________ environment.
A macro
B social
C micro
D market
QUESTION 6
Business means __________.
A all the actions aimed at satisfying customer needs
B all the actions that allow you to plan and organise the resources of the
organisation to achieve specific objectives
C all the activities that are related to the management of different organisations
D how the organisation should be established and how to manage it
QUESTION 7
Which one of the following needs refer to the need for friendship, love and social
acceptance?
A Self-actualisation needs
B Social needs
C Esteem needs
D Physiological needs
QUESTION 8
The ___________ refers to the external variable influencing consumer purchasing
power, behaviour and affects business performance.
A social environment
B economic environment
C ecological environment
D political environment
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, Final Supplementary Summative Assessment: July 2020 BMA01A1/BEM11A2/BME1A00/BME0YA1
_________________________________________________________________________________
QUESTION 9
Which one of the following statements is correct of the business environment?
A The interdependency of environmental factors makes business environment
volatile and static.
B Environmental certainty accelerates environmental change.
C All environmental variables are interrelated.
D The environment is becoming more complex and predictable.
QUESTION 10
Customers buying groceries from Pick n Pay find one week that some of the items
they want are not on the shelves. These customers then decide to buy from
Woolworths and Checkers. In this case, Woolworths and Checkers fall under which
environment of Pick n Pay?
A Microenvironment
B Market environment
C Macro environment
D General environment
Read the following scenario and answer Questions 11-14
Leather Jackets for Jozi
Charlie operates a leather jackets outlet. Most of his leather jackets are imported
from China, India and Brazil. During the first three years of business, since he
started his business in 2018, the business did relatively well, with a steady increase
in profits. However, since 2019, his business has been experiencing a gradual
decrease in profits, due to factors such as the spread of the Corona virus,
especially in China. He is very concerned that if the negative trend continues he will
be forced to sell off some of his personal assets to cover the debts of the business.
After consulting with experts, some reasons for this decline in profits were identified.
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