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MNB1501 Assignment 2 Semester 1 2024 (Solutions)
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  • MNB1501 (MNB1501)
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  • University Of South Africa (Unisa)

MNB1501 Assignment 2 Semester 1 2024 (Solutions) Question 1 Not yet answered Marked out of 1.00 Flag question Question text Which one of the following statements is true regarding a partnership? a. The enterprise has a lack of continuity in that a new enterprise will be formed when ...

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  • 28 de marzo de 2024
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  • 2023/2024
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  • mnb1501 assignment 2 semester 1 2024 solutions

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  • University of South Africa (Unisa)
  • MNB1501 (MNB1501)
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, 1. MNB1501-24-S1
2. Welcome Message
3. Assessment 2



QUIZ

Assessment 2
Open block drawer
Started on Thursday, 28 March 2024, 9:36 PM
State Finished
Completed on Thursday, 28 March 2024, 9:52 PM
Time taken 16 mins 32 secs
Marks 16.00/20.00
Grade 80.00 out of 100.00
Question 1
Correct
Mark 1.00 out of 1.00

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Question text
Which one of the following statements is true regarding a partnership?


a.
The enterprise has a lack of continuity in that a new enterprise will be formed when the previous one is disbanded.


b.
A founding statement and a Memorandum of Incorporation are needed to start this form of enterprise.


c.
The enterprise has the advantage of being a legal person that exists separately from its members.


d.
The members’ personal assets in their private estates are not at risk of being lost in the business.
Feedback
Your answer is correct.
The correct answer is the enterprise has a lack of continuity in that a new enterprise will be formed when the
previous one is disbanded. Refer to section 3.7.
The correct answer is:
The enterprise has a lack of continuity in that a new enterprise will be formed when the previous one is disbanded.

Question 2
Correct
Mark 1.00 out of 1.00

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Question text
Which one of the following statements is NOT true regarding a business with a legal personality?


a.
The business is dependent on its members.

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