2026
MNE2601 Assignment 1
Answers
RANDOMIZED QUIZ ANSWERS
, Assessment 1
Question 1
One of the disadvantages of a ... is that there is lack of capital which means the business has a risk of staying
small.
1. partnership
2. sole trader
3. limited liability company
4. cooperative
Question 2
The skill that includes attracting customers, conducting a market research and finding out what the customers
really need is referred to as ... management.
1. risk
2. financial
3. change
4. marketing
Question 3
An enterprise with less than 50 employees and less than R4,5 million can be classified as a ... business
according to the National Small Business Act.
1. medium
2. micro
3. small
4. very small
Question 4
The resources that can help an organisation to realise a competitive edge can be in the form of .... which refers to
processes, talents, competencies and skills present in the organisation.
1. intangible assets
2. organisational capabilities
3. tangible assets
4. financial resources
Question 5
Research indicates that lack of planning, improper financing and poor management are the main causes of the
failure of small businesses.
True
False
MNE2601 Assignment 1
Answers
RANDOMIZED QUIZ ANSWERS
, Assessment 1
Question 1
One of the disadvantages of a ... is that there is lack of capital which means the business has a risk of staying
small.
1. partnership
2. sole trader
3. limited liability company
4. cooperative
Question 2
The skill that includes attracting customers, conducting a market research and finding out what the customers
really need is referred to as ... management.
1. risk
2. financial
3. change
4. marketing
Question 3
An enterprise with less than 50 employees and less than R4,5 million can be classified as a ... business
according to the National Small Business Act.
1. medium
2. micro
3. small
4. very small
Question 4
The resources that can help an organisation to realise a competitive edge can be in the form of .... which refers to
processes, talents, competencies and skills present in the organisation.
1. intangible assets
2. organisational capabilities
3. tangible assets
4. financial resources
Question 5
Research indicates that lack of planning, improper financing and poor management are the main causes of the
failure of small businesses.
True
False
