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MNE3701 ASSIGNMENT 5 GUIDE 2023
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THE DOCUMENT CONTAINS THE EXPECTED RESPONSES FOR ASSIGNMENT 5 2023
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PASSMATE TUTORIALS passmatetutorials@gmail.comDISCLAIMER: THIS IS NOT AN OFFICIAL GUIDE FROM UNISA. THE
FRAMEWORK IS NOT PREPARED NOR APPROVED BY UNISA, RATHER
REPRESENTS A POSSIBLE SOLUTION TO THE TASK CONSISTENT WITH
THEORY OF HMEMS80. THIS FRAMEWORK IS ONLY INTENDED TO ASSIST
STUDENTS IN GETTING STARTED WITH THEIR ASSIGNMENT, AND IN NO CASE
THIS DOCUMENT SHOULD BE USED FOR CHEATING, THUS NO STUDENT IS
ENCOURAGED TO COPY THIS DOCUMENT, NOR ITS SECTIONS FOR
SUBMISSION. WE BELIEVE THE FRAMEWORK WILL BE A GOOD STARTING
POINT AS IT WAS PREPARED BY OUR TEAM OF PROFESSIONAL PRIVATE
TUTORS WHO ARE EXPERTS IN THE FIELD, AND IT WAS PREPARED USING
VARIOUS SOURCES. ANY SIMILARITY WITH ANY EXISTING THEORY OR
DISCUSION BY OTHER AUTHORS IS EXCUSED. THE AUTHORS HOWEVER DO
NOT CLAIM MONOPOLY TO KNOWLEDGE HENCE MODIFICATION OF THE
ANSWERS CONTAINED IN THIS FRAMEWORK MAY NOT BE PROHIBITED AS IT
CONTRIBUTES TO EXPANSION OF KNOWEDGE. FOR ANY FURTHER
GUIDELINE ABOUT THE INFORMATION CONTAINED HERE AND THE MODULE
IN GENERAL, CONTACT PASSMATE TUTORIALS
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Making Life In The Markets
PASSMATE TUTORIALS 0612621185/0717513144/0680538213
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Having acquired sufficient knowledge and skills on entrepreneurship and small
business management, you must demonstrate practical competencies in managing
business’s assets and risks. Think of any business you would like to start and answer
the following questions:
QUESTION 1
By using practical examples, critically discuss how you would manage the
assets of your business. (10)
Assets of a business can be defined as the resources that are, used and controlled by
the business as a result of past events (Allen, 2015). Assets are generally classified
into two broad categories namely current and noncurrent assets, in which categories
physical and non-physical assts can be further grouped (Longenecker, Petty, Palich &
Hoy, 2013). According to Kuratko (2006) assets of a business are reported in the
businesses balance sheet at any given date. The common type of assets are vehicles,
premises, equipment, inventories, financial investments, debtors and cash held at
bank or hand as petty cash (Burns, 2016). The business must strategically manage
these assets for sound performance and success.
Taking an example of B2FX a business that is into online financial trading, the following
are the businesses assets as reported in its balance sheet
PASSMATE TUTORIALS 0612621185/0717513144/0680538213
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