MAC2602 Assignment
3 (COMPLETE
ANSWERS) Semester 2
2024 - DUE 16
September 2024 ;
100% TRUSTED
Complete, trusted
solutions and
explanations.
ADMIN
[COMPANY NAME]
,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 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 not
, very often, if there is a large expense the company will capitalise
it, but only it if is over R100 000. Which of the above actions
adhere to good corporate governance? a) All of the above
statements b) Statements (1) (2) and (3) c) Statement (1) and (2)
d) Statement (2) only (2) MAC2602 ASSESSMENT THREE (3)
S2-2024 5
Let's break down each question and identify the correct answers:
1.1 Select one example of what should be reflected in a mission
statement.
A mission statement generally focuses on the core purpose and
values of the organization. It should communicate the company's
purpose, core values, and what it stands for. Based on this:
• a) This example is a bit specific and includes operational
details that are not typical for a mission statement.
• b) This example is more about customer service and
operational philosophy, which are often part of a mission
statement but not the sole focus.
• c) This example is about guiding principles, which can be
part of a mission statement but are usually broader in
scope.
• d) This example focuses on community engagement and
quality, which aligns well with a mission statement’s aim to
reflect core values and purpose.
• e) This example describes the operational culture and
focus, which can also be part of a mission statement but is
more about the operational aspect.
