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MNB1501 ASSIGNMENT 02_SEMESTER 1_2024
Started on Monday, 25 March 2024, 8:51 AM
State Finished
Completed on Monday, 25 March 2024, 9:31 AM
Time taken 39 mins 32 secs
Marks 20.00/20.00
Grade 100.00 out of 100.00
Question 1
Incorrect
Mark 0.00 out of 1.00
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Question text
How many of the following statements would be correct for Southern Sun Hotel
Corporation (Pty)Ltd?
i. It requires at least one director.
ii. Shares can be listed on the stock exchange.
iii. There must be a memorandum of incorporation stipulating certain restrictions
regarding the transferability of their securities.
iv. Past and present directors are jointly and severally liable for debts contracted during
their terms of appointment.
a.
four
b.
three
c.
two
d.
one
Feedback
The correct answer is three. Southern Sun Hotel Corporation has (Pty) Ltd at the end and is
therefore a private company. The statements that apply to private companies are: (i). It
requires at least one director; (iii). There must be a memorandum of incorporation
stipulating certain restrictions regarding the transferability of their securities; and (iv). Past
and present directors are jointly and severally liable for debts contracted during their terms
of appointment. Refer to section 3.7.
The correct answer is:
three
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, Website: www.sirmthembu.store | 0617568718/0670276883 | Email:
Question 2
Correct
Mark 1.00 out of 1.00
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Question text
Which of the following is a common reason for small businesses to fail due to external
factors?
a.
economic recession
b.
cash-flow problems
c.
failure to learn from past mistakes
d.
overlooking the insights of qualified accountants
Feedback
Your answer is correct.
The correct answer is economic recession, which is one of the external factors linked to the
failure of small businesses. Failure to learn from past mistakes is one of the managerial
reasons for small businesses to fail, while cash-flow problems and overlooking the insights
of qualified accountants are classified as financial inadequacy. Refer to Table 3.1.
The correct answer is:
economic recession
Question 3
Correct
Mark 1.00 out of 1.00
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Question text
Which one of the following is NOT a possible source of business ideas in South Africa?
a.
government directives
b.
personal interests and educational courses
c.
suggestions from customers, family and friends
d.
previous work experience and industry-related exposure
Feedback
All rights reserved SIR MTHEMBU (PTY) LTD
MNB1501 ASSIGNMENT 02_SEMESTER 1_2024
Started on Monday, 25 March 2024, 8:51 AM
State Finished
Completed on Monday, 25 March 2024, 9:31 AM
Time taken 39 mins 32 secs
Marks 20.00/20.00
Grade 100.00 out of 100.00
Question 1
Incorrect
Mark 0.00 out of 1.00
Flag question
Question text
How many of the following statements would be correct for Southern Sun Hotel
Corporation (Pty)Ltd?
i. It requires at least one director.
ii. Shares can be listed on the stock exchange.
iii. There must be a memorandum of incorporation stipulating certain restrictions
regarding the transferability of their securities.
iv. Past and present directors are jointly and severally liable for debts contracted during
their terms of appointment.
a.
four
b.
three
c.
two
d.
one
Feedback
The correct answer is three. Southern Sun Hotel Corporation has (Pty) Ltd at the end and is
therefore a private company. The statements that apply to private companies are: (i). It
requires at least one director; (iii). There must be a memorandum of incorporation
stipulating certain restrictions regarding the transferability of their securities; and (iv). Past
and present directors are jointly and severally liable for debts contracted during their terms
of appointment. Refer to section 3.7.
The correct answer is:
three
All rights reserved SIR MTHEMBU (PTY) LTD
, Website: www.sirmthembu.store | 0617568718/0670276883 | Email:
Question 2
Correct
Mark 1.00 out of 1.00
Flag question
Question text
Which of the following is a common reason for small businesses to fail due to external
factors?
a.
economic recession
b.
cash-flow problems
c.
failure to learn from past mistakes
d.
overlooking the insights of qualified accountants
Feedback
Your answer is correct.
The correct answer is economic recession, which is one of the external factors linked to the
failure of small businesses. Failure to learn from past mistakes is one of the managerial
reasons for small businesses to fail, while cash-flow problems and overlooking the insights
of qualified accountants are classified as financial inadequacy. Refer to Table 3.1.
The correct answer is:
economic recession
Question 3
Correct
Mark 1.00 out of 1.00
Flag question
Question text
Which one of the following is NOT a possible source of business ideas in South Africa?
a.
government directives
b.
personal interests and educational courses
c.
suggestions from customers, family and friends
d.
previous work experience and industry-related exposure
Feedback
All rights reserved SIR MTHEMBU (PTY) LTD
