Started on Tuesday, 5 November 2024, 12:11 PM
State Finished
Completed on Tuesday, 5 November 2024, 12:40 PM
Time taken 28 mins 45 secs
Marks 30.00/35.00
Grade 85.71 out of 100.00
Question 1
Correct
Mark 1.00 out of 1.00
Flag question
Question text
Which one of the following statements is incorrect?
a.
Labour also refers to the services of those who follow professions.
b.
When we refer to capital, we refer to money.
c.
Natural resources are the raw materials in the production process.
d.
The entrepreneur is a bearer of risk.
Feedback
Your answer is correct.
The correct answer is:
When we refer to capital, we refer to money.
Question 2
Correct
Mark 1.00 out of 1.00
Flag question
Question text
Which one of the following statements is correct?
a.
,According to Maslow, human needs are classified in a hierarchy where the highest needs must be
satisfied before the lower-level needs can receive attention.
b.
Psychological needs are the basic survival needs such as the need for water, food and clothing.
c.
According to Maslow, not all people have the same basic needs.
d.
Esteem needs are all ego-driven needs.
Feedback
Your answer is correct.
The correct answer is:
Esteem needs are all ego-driven needs.
Question 3
Correct
Mark 1.00 out of 1.00
Flag question
Question text
Which management function is responsible for maintaining, implementing and controlling
technology in an organisation?
a.
Marketing management
b.
Purchasing and supply management
c.
Information management
d.
Operations management
Feedback
Your answer is correct.
The correct answer is:
Information management
, Question 4
Correct
Mark 1.00 out of 1.00
Flag question
Question text
Catherine, an aspiring entrepreneur, told her friend Martha that she would like to join a Burger King
franchise. She enjoys spending time with friends and family. She is under the impression that joining
a franchise is less demanding. Which challenge will Catherine encounter in running a franchise
business?
a.
A franchise is responsible for the management of employees of a franchisee.
b.
Running a franchise requires tremendous time to learn the trade.
c.
A franchisee and a franchise have a lengthy, legally binding relationship.
d.
Creative entrepreneurs may find working in a franchise frustrating.
Feedback
Your answer is correct.
Success does not come easy. An aspiring entrepreneur may enter a franchise and expect quick results.
The franchisee may ultimately run a successful business. However, like any other business, running a
franchise requires tremendous time to learn the trade. It also requires commitment and an
understanding of the franchise environment. (See 2.6.2, lesson 2.)
The correct answer is:
Running a franchise requires tremendous time to learn the trade.
Question 5
Correct
Mark 1.00 out of 1.00
Flag question
Question text
Gloria, an entrepreneur who owns the Sebenza Cleaning Company, has just secured a five-year
contract with the Alex Shopping Centre to clean the building. Gloria needs to know what resources
are required to provide cleaning services to the shopping centre for the next five years. _______ are
the most relevant management skills for performing this function.
a.
State Finished
Completed on Tuesday, 5 November 2024, 12:40 PM
Time taken 28 mins 45 secs
Marks 30.00/35.00
Grade 85.71 out of 100.00
Question 1
Correct
Mark 1.00 out of 1.00
Flag question
Question text
Which one of the following statements is incorrect?
a.
Labour also refers to the services of those who follow professions.
b.
When we refer to capital, we refer to money.
c.
Natural resources are the raw materials in the production process.
d.
The entrepreneur is a bearer of risk.
Feedback
Your answer is correct.
The correct answer is:
When we refer to capital, we refer to money.
Question 2
Correct
Mark 1.00 out of 1.00
Flag question
Question text
Which one of the following statements is correct?
a.
,According to Maslow, human needs are classified in a hierarchy where the highest needs must be
satisfied before the lower-level needs can receive attention.
b.
Psychological needs are the basic survival needs such as the need for water, food and clothing.
c.
According to Maslow, not all people have the same basic needs.
d.
Esteem needs are all ego-driven needs.
Feedback
Your answer is correct.
The correct answer is:
Esteem needs are all ego-driven needs.
Question 3
Correct
Mark 1.00 out of 1.00
Flag question
Question text
Which management function is responsible for maintaining, implementing and controlling
technology in an organisation?
a.
Marketing management
b.
Purchasing and supply management
c.
Information management
d.
Operations management
Feedback
Your answer is correct.
The correct answer is:
Information management
, Question 4
Correct
Mark 1.00 out of 1.00
Flag question
Question text
Catherine, an aspiring entrepreneur, told her friend Martha that she would like to join a Burger King
franchise. She enjoys spending time with friends and family. She is under the impression that joining
a franchise is less demanding. Which challenge will Catherine encounter in running a franchise
business?
a.
A franchise is responsible for the management of employees of a franchisee.
b.
Running a franchise requires tremendous time to learn the trade.
c.
A franchisee and a franchise have a lengthy, legally binding relationship.
d.
Creative entrepreneurs may find working in a franchise frustrating.
Feedback
Your answer is correct.
Success does not come easy. An aspiring entrepreneur may enter a franchise and expect quick results.
The franchisee may ultimately run a successful business. However, like any other business, running a
franchise requires tremendous time to learn the trade. It also requires commitment and an
understanding of the franchise environment. (See 2.6.2, lesson 2.)
The correct answer is:
Running a franchise requires tremendous time to learn the trade.
Question 5
Correct
Mark 1.00 out of 1.00
Flag question
Question text
Gloria, an entrepreneur who owns the Sebenza Cleaning Company, has just secured a five-year
contract with the Alex Shopping Centre to clean the building. Gloria needs to know what resources
are required to provide cleaning services to the shopping centre for the next five years. _______ are
the most relevant management skills for performing this function.
a.
