Exam (elaborations)
MAC2602 Assignment 3 (COMPLETE ANSWERS) Semester 2 2024 - DUE 16 September 2024
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- MAC2602
- Institution
- University Of South Africa
MAC2602 Assignment 3 (COMPLETE ANSWERS) Semester 2 2024 - DUE 16 September 2024
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,MAC2602 Assignment 3 (COMPLETE ANSWERS)Semester 2 2024 - DUE 16 September 2024 ; 100%
TRUSTED Complete, trusted solutions and
explanations.
1.1 Select one example of what should be reflected in a
mission statement. a) We are a distribution organisation
that provides fresh produce and high-quality produce to a
network of independent retailers who trade under our
brands. We are not in the grocery business; we are in the
people business. b) Nothing means more to us than our
valued customers, and we believe in going the extra mile
to give them the very best. From sourcing the finest
products to providing willing, efficient, and effective staff
who take a personal interest in our customers’ needs. c)
The principles that guide our organisation are
entrepreneurship, family values, and passion. d) We are a
part of the community, and the community is like family.
We strive to give you the highest quality produce, and the
freshest meats, all at the right price, each time, every day.
e) Despite having operations in many countries around the
African continent, with different national cultures, we
operate as one company, with one dream and one culture
to unite us, and a clear focus on having the right people in
the right place at the right time. (2) 1.2 Select examples of
actions relating to secondary stakeholders influencing an
organisation's strategy. (1) Black Economic Empowerment
legislation. (2) An increase of taxation on alcoholic
, beverages. (3) Banning of smoking in public areas. (4)
NUMSA demanding an increase in salaries for mine
workers. (5) Customers that boycott a company due to its
employment policy restricting employing or promoting a
certain race. a) Statement (1) and (2) b) Statement (1), (2),
and (3) c) Statement (1), (2), (3), and (4) d) All of the above
statements (2) MAC2602 ASSESSMENT THREE (3) S2-2024
4
1.1 The most appropriate example of what should be reflected in
a mission statement is a).
Explanation: Option (a) clearly states what the organisation does
(distribution of fresh and high-quality produce to independent
retailers) and includes a broader purpose ("We are not in the
grocery business; we are in the people business"), which aligns
with a mission statement's focus on the organisation's overall
purpose and values.
1.2 The correct answer is d) All of the above statements.
Explanation: All the listed statements represent actions or
situations where secondary stakeholders (such as regulatory
bodies, legislation, unions, and customers) influence an
organisation’s strategy.
1.1. The most suitable example for a mission statement would be
(a):
"We are a distribution organisation that provides fresh produce
and high-quality produce to a network of independent retailers
who trade under our brands. We are not in the grocery
business; we are in the people business."
, A mission statement should reflect the purpose of the
organization, its core values, and its approach to serving
customers, which is clearly expressed in option (a).
1.2. The correct selection of examples of actions relating to
secondary stakeholders influencing an organisation's strategy
would be (d):
"All of the above statements."
All the options presented (1 to 5) reflect actions by
secondary stakeholders (government, trade unions, and
customers) that can influence an organization's strategy.
kay
QUESTION 1 (continued) 1.3 Apply cash flow principles and
select an example that does not represent a sunk cost. a)
SENWES Ltd paid R800 000 to a market research company to
research the proposed new financial product for small-scale
farmers. b) BMW PLC invested R in imported parts used in the
assembly of electric vehicles at the beginning of production of
these vehicles. c) Big Pharm Ltd paid R100 000 to a legal firm for
the protection of intellectual rights of the food-and-mouth
vaccine it developed. d) Solar Galore Ltd spent R5 000 000 on
research and development relating to the latest technology
used in solar inventors. (2) 1.4 Select an alternative that is not a
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