MNB1601 ASSIGNMENT 2 FOR 1ST SEMESTER 2025

MNB1601 ASSIGNMENT 2
FOR 1ST SEMESTER 2025




FEND TUTORIALS

FEND TUTORIALS

, Started on Tuesday, 28 January 2025, 11:18 AM
State Finished
Completed on Tuesday, 28 January 2025, 11:24 AM
Time taken 6 mins 4 secs
Marks 30.00/30.00
Grade 100.00 out of 100.00
Question 1
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Question text
Carol is the purchasing manager for J’Divine, a popular wedding photography business. She is
responsible for assessing the purchasing and supply activities performed by J’Divine’s purchasing
and supply function. Carol is busy comparing the actual prices they have paid for their high quality
photo paper from which their books are made with market prices in the industry. This is known as
__________ .
Select one:

a.
cost-saving

b.
price proficiency

c.
supplier performance

d.
purchasing cost
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The correct answer is: price proficiency

Question 2
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Question text
The short-term financial objective should be to ensure the _____________ .
Select one:

a.
profitability of the business

,b.
increased value of the business

c.
financial risk of short-term investments are mitigated

d.
expenses of the business exceeds profit
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The correct answer is: profitability of the business

Question 3
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The formula for calculating the future value of an original investment is:


FVn = PV (1 + i)n


Where i is:
Select one:

a.
The original investment


b.
The future value of the investment


c.
The interest rate per period


d.
The number of discrete periods over which the investment extends
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The correct answer is: The interest rate per period

Question 4
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Question text
Despite a better statement of financial position and a renaissance in the laboratories, IBM fell further
behind every year. In Unix servers, the backbone of the internet, IBM’s sales rose 3% in 1998, but
sales of their competitors soared, for example Sun Microsystems grew by 29%. Which one of the
following best describes the statement of financial position?
Select one:

a.
Can be described as the accrued power of disposal over the products and services used by the
business to generate a monetary return.

b.
Consists of primarily receipts resulting in the sale of the business’s products and/or services.

c.
Reflects all the possessions of the business as well as the nature and extent of the interests in
these possessions.

d.
Furnishes details about the way the profit or loss for a particular period was arrived at and how it has
been distributed.
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The correct answer is: Reflects all the possessions of the business as well as the nature and extent of
the interests in these possessions.

Question 5
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Which one of the following represents a level at which co-ordination of the purchasing and supply
function occurs?
Select one:

a.
Various purchasing and supply activities must be co-ordinated externally in the purchasing and
supply function.

b.
The purchasing environment (buyers) must be co-ordinated with purchasing activities.