THE BMZ ACADEMY
THE BMZ ACADEMY
MORE INFO 061 262 1185/068 053 8213
053 8213
BMZ ACADEMY 061 262 1185/068 053 8213Page 1 of 13
,THE BMZ ACADEMY 2026
7/11/26, 3:23 PM Assessment 2 (page 1 of 25)
RSK4803-26-Y Welcome Message Assessment 2
QUIZ
Question 1
Answer saved
Marked out of 6.00
Ada Fleet Company is a transport SMME which has an insured fleet of four
passenger buses. The insurance policy is due for renewal, the Managing
Director of the company wants to determine the MPY in preparations for
renewal negotiations. The company assumes that losses have an equal chance
of occurring.
Bus records are as follows:
Buses Losses
Liner 105 000
Biler 260 000
Zyder R170 000
Xyer R98 000
MORE INFO 061 262 1185/068 053 8213
Question
Calculate the MPYc using Chebyshev method and a factor of 1.05.
a. R128 340,43
b. R158 250,00
c. R293 007,45
d. R134 757,45
Clear my choice
MORE INFO 061 262 1185/068 053 8213
https://mymodules.dtls.unisa.ac.za/mod/quiz/attempt.php?attempt=34094544&cmid=1301707 1/4
,THE BMZ ACADEMY 2026
7/11/26, 3:23 PM Assessment 2 (page 1 of 25)
Question 2
Answer saved
Marked out of 1.00
Umda University is a privately owned education institution operating in four
provinces of South Africa. The council of the university held four meetings
during the 2023 academic year ending July 2023, where the following
documents were discussed:
(1) Risk register (5 top risks)
No Risk Control Residual risk Responsible
executive
manager
1 High rate of failure in Recruit 500 e-tutors at An overall average of Chief Financial
all undergraduate R5 000 remuneration 10% failure rate is Officer (chartered
degrees, certificates per month per tutor. anticipated accountant)
and diplomas
2022: 45% average
2023: 40% average
2 Increasing Secure the services of An average of 50% Registrar of
outstanding fees per a debt collector at a outstanding fees per students (PhD
year cost of 5% per each year is anticipated. Business
100% collected Management)
2022: 55% of fees
account.
2023: 60% of fees
MORE INFO
3 061spending
Irregular 262 1185/068 053 8213
by No irregular spending Zero tolerance Risk, governance
management per is permitted. and assurance
annual budget services officer
(PhD Risk
2022: R3 million
Management)
2023: R3,5 million
4 Staff costs negative Freeze vacant posts Maintain staff Human resource
variance per annual and do not recruit. negative cost director (PhD
budget variance of less than Business
R500 000 per annum Management)
2022: R1,5 million
2023: R2 million
5 Decreasing funding Increase student fees 20% of the annual Vice-Chancellor
from sponsors per by 1% for all budget could be (PhD Business
annual budget registered students in funded by sponsors. Management)
the next academic
2022: 30%
period.
2023: 25%
Notes:
All risk management reports were timely communicated to both the
management and council.
(2) Audit report (matters needing urgent attention)
a. Debt costs increased from 3% to 5% of university income.
MORE INFO 061 262 1185/068 053 8213
https://mymodules.dtls.unisa.ac.za/mod/quiz/attempt.php?attempt=34094544&cmid=1301707 2/4
, THE BMZ ACADEMY 2026
7/11/26, 3:23 PM Assessment 2 (page 1 of 25)
b. Non-adherence to accounting policies.
c. All computer assets of the university have exceeded the SARS-
prescribed depreciation rates and period.
d. Insurance policies of the university have lapsed due to non-payment of
premium.
(3) Financial information
Account 2021 2022 2023
Deficit R32 million R40 million R45 million
Bank overdraft R300 000 R4 500 000 R5 200 000
Financial reserves R12 million R6 million R2 million
e. Performance information
· The university has only achieved 2 out of 6 strategic objectives.
· A recognised institution has downgraded the university teaching and
research from a ranking of 11 to 26.
· Council has not ensured the implementations of recommendations made
by both the Internal Audit and Auditors during the last three years.
MORE INFO
f. 061 262 the
Audit opinion: 1185/068 053a disqualified
university obtained 8213 opinion from
auditors.
Council minutes (approved)
Composition
Council has five non-executive members who receive remuneration. Risk-related
fees for non-executive members are R25 000 per meeting. The chair of the
Council, who is a non-executive member, receives R50 000 per meeting, while
the deputy chair, also a non-executive member, receives R45 000 per meeting.
All other members of Council do not receive remuneration. The cost of each
meeting, excluding the remuneration of members, is R45 000. It is expected
that this cost will increase by 5% in the next academic period.
Decisions
· Zero increase on meeting fees of Council members in the next academic
period.
· Increase the number of Council meetings from 4 to 6 per academic year.
· Management to apply for government funding even though the Minister of
Finance announced a blanket 20% budget cut in all social spending.
· Management is not allowed to make any loans.
· Replenish the university financial reserves by contributing 10% of surplus
each year for the next ten years.
MORE INFO 061 262 1185/068 053 8213
https://mymodules.dtls.unisa.ac.za/mod/quiz/attempt.php?attempt=34094544&cmid=1301707 3/4
THE BMZ ACADEMY
MORE INFO 061 262 1185/068 053 8213
053 8213
BMZ ACADEMY 061 262 1185/068 053 8213Page 1 of 13
,THE BMZ ACADEMY 2026
7/11/26, 3:23 PM Assessment 2 (page 1 of 25)
RSK4803-26-Y Welcome Message Assessment 2
QUIZ
Question 1
Answer saved
Marked out of 6.00
Ada Fleet Company is a transport SMME which has an insured fleet of four
passenger buses. The insurance policy is due for renewal, the Managing
Director of the company wants to determine the MPY in preparations for
renewal negotiations. The company assumes that losses have an equal chance
of occurring.
Bus records are as follows:
Buses Losses
Liner 105 000
Biler 260 000
Zyder R170 000
Xyer R98 000
MORE INFO 061 262 1185/068 053 8213
Question
Calculate the MPYc using Chebyshev method and a factor of 1.05.
a. R128 340,43
b. R158 250,00
c. R293 007,45
d. R134 757,45
Clear my choice
MORE INFO 061 262 1185/068 053 8213
https://mymodules.dtls.unisa.ac.za/mod/quiz/attempt.php?attempt=34094544&cmid=1301707 1/4
,THE BMZ ACADEMY 2026
7/11/26, 3:23 PM Assessment 2 (page 1 of 25)
Question 2
Answer saved
Marked out of 1.00
Umda University is a privately owned education institution operating in four
provinces of South Africa. The council of the university held four meetings
during the 2023 academic year ending July 2023, where the following
documents were discussed:
(1) Risk register (5 top risks)
No Risk Control Residual risk Responsible
executive
manager
1 High rate of failure in Recruit 500 e-tutors at An overall average of Chief Financial
all undergraduate R5 000 remuneration 10% failure rate is Officer (chartered
degrees, certificates per month per tutor. anticipated accountant)
and diplomas
2022: 45% average
2023: 40% average
2 Increasing Secure the services of An average of 50% Registrar of
outstanding fees per a debt collector at a outstanding fees per students (PhD
year cost of 5% per each year is anticipated. Business
100% collected Management)
2022: 55% of fees
account.
2023: 60% of fees
MORE INFO
3 061spending
Irregular 262 1185/068 053 8213
by No irregular spending Zero tolerance Risk, governance
management per is permitted. and assurance
annual budget services officer
(PhD Risk
2022: R3 million
Management)
2023: R3,5 million
4 Staff costs negative Freeze vacant posts Maintain staff Human resource
variance per annual and do not recruit. negative cost director (PhD
budget variance of less than Business
R500 000 per annum Management)
2022: R1,5 million
2023: R2 million
5 Decreasing funding Increase student fees 20% of the annual Vice-Chancellor
from sponsors per by 1% for all budget could be (PhD Business
annual budget registered students in funded by sponsors. Management)
the next academic
2022: 30%
period.
2023: 25%
Notes:
All risk management reports were timely communicated to both the
management and council.
(2) Audit report (matters needing urgent attention)
a. Debt costs increased from 3% to 5% of university income.
MORE INFO 061 262 1185/068 053 8213
https://mymodules.dtls.unisa.ac.za/mod/quiz/attempt.php?attempt=34094544&cmid=1301707 2/4
, THE BMZ ACADEMY 2026
7/11/26, 3:23 PM Assessment 2 (page 1 of 25)
b. Non-adherence to accounting policies.
c. All computer assets of the university have exceeded the SARS-
prescribed depreciation rates and period.
d. Insurance policies of the university have lapsed due to non-payment of
premium.
(3) Financial information
Account 2021 2022 2023
Deficit R32 million R40 million R45 million
Bank overdraft R300 000 R4 500 000 R5 200 000
Financial reserves R12 million R6 million R2 million
e. Performance information
· The university has only achieved 2 out of 6 strategic objectives.
· A recognised institution has downgraded the university teaching and
research from a ranking of 11 to 26.
· Council has not ensured the implementations of recommendations made
by both the Internal Audit and Auditors during the last three years.
MORE INFO
f. 061 262 the
Audit opinion: 1185/068 053a disqualified
university obtained 8213 opinion from
auditors.
Council minutes (approved)
Composition
Council has five non-executive members who receive remuneration. Risk-related
fees for non-executive members are R25 000 per meeting. The chair of the
Council, who is a non-executive member, receives R50 000 per meeting, while
the deputy chair, also a non-executive member, receives R45 000 per meeting.
All other members of Council do not receive remuneration. The cost of each
meeting, excluding the remuneration of members, is R45 000. It is expected
that this cost will increase by 5% in the next academic period.
Decisions
· Zero increase on meeting fees of Council members in the next academic
period.
· Increase the number of Council meetings from 4 to 6 per academic year.
· Management to apply for government funding even though the Minister of
Finance announced a blanket 20% budget cut in all social spending.
· Management is not allowed to make any loans.
· Replenish the university financial reserves by contributing 10% of surplus
each year for the next ten years.
MORE INFO 061 262 1185/068 053 8213
https://mymodules.dtls.unisa.ac.za/mod/quiz/attempt.php?attempt=34094544&cmid=1301707 3/4
