Examen
Mnb1501 Assignment 8 semester 1 2024 questions and answers Due(29 May 2024)
- Grado
- Institución
The document contains Assignment question Together with answers Distinction Guaranteed 100%
[Mostrar más]Vista previa 4 fuera de 51 páginas
Vista previa 4 fuera de 51 páginas
Añadir al carrito
Añadir al carrito
3 reseñas
Por: antonjbotes • 5 meses hace
need other answers
Por: mologadimmabuke • 5 meses hace
Por: sphesihlekunen • 5 meses hace
Por: movietrailers • 5 meses hace
Thank you
Vendedor
Seguir
movietrailers
Comentarios recibidos
Vista previa del contenido
Started on Monday, 1 May 2024, 10:09 AMState Finished
Completed on Monday, 1 May 2024, 11:07 AM
Time taken 50 mins 12 secs
Marks 35.00/35.00
Grade 100 out of 100.00
Question 1
Incorrect
Mark 0.00 out of 1.00
Flag question
Question text
Pirates Soccer Club can be classified as a ________________.
a.
private enterprise
b.
public corporation
c.
non-profit-seeking organisation
d.
government organisation
Feedback
Your answer is correct.
The correct answer is:
private enterprise
Question 2
Correct
Mark 1.00 out of 1.00
Flag question
Question text
Transnet is an example of a ______.
a.
non-profit organisation
b.
,public corporation
c.
privately owned enterprise
d.
personal liability company
Feedback
Your answer is correct.
The correct answer is:
public corporation
Question 3
Correct
Mark 1.00 out of 1.00
Flag question
Question text
Paul was recently appointed to a sales manager position. After his promotion, he felt that his
co-workers were more distant and that he had lost some of his friends. According to Maslow’s
hierarchy of needs, Paul has a desire to satisfy his _____ needs.
a.
ego
b.
self-actualisation
c.
social
d.
physiological
Feedback
Your answer is correct.
The correct answer is:
social
Question 4
Incorrect
Mark 0.00 out of 1.00
, Flag question
Question text
Which of the following options represent characteristics that define an entrepreneur?
a. An entrepreneur starts a new venture.
b. An entrepreneur takes financial risks.
c. An entrepreneur accepts full responsibility for the outcome of the business.
d. An entrepreneur harnesses factors of production to generate products.
e. An entrepreneur consistently earns a profit.
a.
b; c; d; e
b.
a; c; d; e
c.
a; d; b; e
d.
a; b; c; d
Feedback
Your answer is correct.
An entrepreneur is a person who takes up a new venture and is willing to accept full
responsibility for the outcome. Entrepreneurs take the initiative to start new ventures and
assume financial risk in harnessing the factors of production to generate products and services
with a view of earning a profit. However, they can also incur losses if they make the wrong
decisions. (See 2.2, lesson 2.)
The correct answer is:
a; b; c; d
Question 5
Correct
Mark 1.00 out of 1.00
Flag question
Question text
Which of the following statements does not represent a benefit of buying an existing business?
, a.
It involves the continuation of a current business.
b.
Customers are familiar with the location of the business.
c.
The new owner does not inherit past liabilities.
d.
Inventory and equipment will be in place.
Feedback
Your answer is correct.
If an entrepreneur buys an existing business, he/she buys a going concern with opportunities
and problems that he/she, as the new owner, may not know about. In terms of Section 197 of
the Labour Relations Act, buying or selling a business as a going concern means that the
current employment contracts are transferred under the same conditions to the new employer.
(See 2.5.1, lesson 2.)
The correct answer is:
The new owner does not inherit past liabilities.
Question 6
Correct
Mark 1.00 out of 1.00
Flag question
Question text
Dominique started a small business that produces woollen products, such as jerseys, scarves
and socks, in Bloemfontein in the Free State. She needs to be able to position her business
holistically and know where it fits in the marketplace. Which skills does Dominique need?
a.
management skills
b.
strategic thinking skills
c.
planning skills
Los beneficios de comprar resúmenes en Stuvia estan en línea:
Garantiza la calidad de los comentarios
Compradores de Stuvia evaluaron más de 700.000 resúmenes. Así estas seguro que compras los mejores documentos!
Compra fácil y rápido
Puedes pagar rápidamente y en una vez con iDeal, tarjeta de crédito o con tu crédito de Stuvia. Sin tener que hacerte miembro.
Enfócate en lo más importante
Tus compañeros escriben los resúmenes. Por eso tienes la seguridad que tienes un resumen actual y confiable. Así llegas a la conclusión rapidamente!
Preguntas frecuentes
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
100% de satisfacción garantizada: ¿Cómo funciona?
Nuestra garantía de satisfacción le asegura que siempre encontrará un documento de estudio a tu medida. Tu rellenas un formulario y nuestro equipo de atención al cliente se encarga del resto.
Who am I buying this summary from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller movietrailers. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy this summary for 3,27 €. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
45,681 summaries were sold in the last 30 days
Founded in 2010, the go-to place to buy summaries for 14 years now