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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 example that should be reflected in a mission statement
is:
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 focuses on what an organisation does, its
purpose, and its value to stakeholders, which aligns with the
description provided in option (a).
1.2 The examples of actions relating to secondary stakeholders
influencing an organisation's strategy are:
d) All of the above statements.
All the statements refer to external factors that could influence
the strategy of an organisation, such as legislation, taxation,
regulations, union demands, and customer actions.
, 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
reason why stakeholders can influence the future strategies of
an organisation. a) The organisation is in existence for more
than ten years and is in its maturity phase. b) The organisation
has a large institutional shareholder that expects high returns
from their investment. c) The company has cash flow problems
and needs an overdraft facility or loan from its bank. d) The
main customer of the organisation expects special discounts. (2)
1.5 You observed the following at a company you recently
started a new job at: (1) All staff have access to a wide range of
information including details of client accounts, to enable good
client service. (2) The organisation has a graduate program,
whereby they offer bursaries to students and then employ them
as trainees once they have completed their studies. (3) A free
annual holiday is given to all directors, and this is not declared
as it is not in the form of a cash payment. (4) Sometimes, but
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