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MNE3701 - Entrepreneurship And Small Business Management Assignment 01 Year 2021 TL001

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Essay MNE3701 - Entrepreneurship And Small Business Management

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MNE3701
ASSIGNMENT 01
YEAR 2021
TL001
FOR ASSISTANCE CONTACT
RALPH
+27 680 77 9615

, MNE3701 ASSIGNMENT 01: SUPER SEMESTER 2021

ASSIGNMENT 01 First semester
YEAR 2021
Unique number 793890

This assignment consists of twenty (20) multiple choice questions and must be submitted it via
myUnisa. Remember to write the unique number of the assignment. The prescribed book will
assist in answering this assignment. All the chapters of the syllabus and corresponding learning
units are covered in this assignment. (20)

1. Quentin, a venture capitalist, is scanning Mildred’s business plan to see if and when he can
recoup his investment and make a profit. Quentin is looking for:
1. a financial plan
2. a marketing plan
3. an investment plan
4. an exit strategy

A financial business plan is created by gathering all the components of the business and
expressing them in numbers both revenue and startup expenses. Every business plan needs a
cash flow projection. The rest of the plan tells the story of the business and how the company
will execute that plan.

2. John is a prospective entrepreneur who has just presented his business plan to a venture
capitalist, enthusiastically pointing out the unique features of a new invention he is promoting.
The most likely question in the venture capitalist's mind is:
1. How strong is the patent protection?
2. How costly will it be to produce the product?
3. What is the demand for the product?
4. What management skills does this venture have?

Venture capital is a form of private equity financing that is provided by venture capital firms or
funds to startups, early-stage, and emerging companies that have been deemed to have high
growth potential or which have demonstrated high growth.

3. Creators Plus, a modest-size manufacturer of quality crafts, expends considerable resources
to ensure that its products are created in the most efficient manner. According to the owner,
distribution and promotion are secondary considerations to managing an expedient
production process. Creators Plus subscribes to the ____ marketing philosophy.
1. process-oriented
2. market-oriented
3. sales-oriented
4. production-oriented

Production orientation is an approach that focuses on the manufacturing and production
process.

4. Jane and Roy have a partnership with their company of JR Enterprises. Which statements
reflect how the partnership pays taxes?
1. JR Enterprises does not pay any taxes.
2. JR Enterprises pays taxes only as a partnership.
3. Jane and Roy each pay taxes on the total income.

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Uploaded on
March 31, 2021
Number of pages
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Written in
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Type
Essay
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Grade
A
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