BSM1501 Assignment 6
Semester 2 2023. 100% CORRECT questions, answers, workings and explanations. Question 1 Not yet answered Marked out of 1.00 Flag question Question text What must a small business manager be able to do? a. Plan, organise, lead and control various business functions. b. Start hi...
, Question 1: What must a small business manager be able to do?
Correct answer: a. Plan, organise, lead and control various business functions.
Question 2: What is the main advantage of a formal business?
Correct answer: d. Easier access to finance.
Question 3: Trade unions fight for the rights of workers who are in the same branch of industry.
Trade unions are a variable that influences the individual enterprise in the _______ environment.
Correct answer: a. political
Question 4: Life expectancy has increased as a result of better medical services and healthier
lifestyles. Life expectancy is a variable that influences the enterprise in the _______ environment.
Correct answer: c. social
Question 5: Why do we conduct a feasibility study?
Correct answer: c. To evaluate the financial viability of an enterprise.
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