QUESTION 1
Which one of the following is a disadvantage of a command economy?
a. State organisations can be unproductive.
b. Planning is difficult or impossible.
c. There are high social costs.
d. The environment is unstable.
QUESTION 2
When SABMiller first started in 1895 as Castle Breweries, they would have needed
to consider what the future might offer, how this impacts on the business, and what
needs to be done now to prepare for it. Which management skill does this refer to?
Select one:
a. Project management
b. Planning skills
c. Strategy skills
d. Marketing skills
QUESTION 3
_________________ is characterised by actions of intense, prolonged and repeated
efforts to accomplish something that is difficult.
Select one:
a. Achievement motivation
b. Risk-taking
c. An internal locus of control
d. An external locus of control
QUESTION 4
Which one of the following statements about being an entrepreneur is INCORRECT?
Select one:
a. Entrepreneurs bring about change, growth and wealth in the economy.
b. An entrepreneur assumes the risk of losing all of his/her resources if the venture
fails.
c. An entrepreneur is someone who starts a business with the intention of making a
profit.
, d. Entrepreneurs assume relatively little risk for the success or failure of the
business.
QUESTION 5
Which one of the following statements about being an entrepreneur is INCORRECT?
Select one:
a. Entrepreneurs bring about change, growth and wealth in the economy.
b. An entrepreneur assumes the risk of losing all of his/her resources if the
venture fails.
c. An entrepreneur is someone who starts a business with the intention of making a
profit.
d. Entrepreneurs assume relatively little risk for the success or failure of the
business.
QUESTION 6
Which entrepreneurial trait is characterised by actions of intense, prolonged and
repeated effort to accomplish something that is difficult.
Select one:
a. Risk taking
b. Achievement motivation
c. Innovation
d. An internal locus of control
QUESTION 7
In order for MXit to be successful, Herman Heunis needed to have the ability to
consider the business as a whole and to understand how it fits within its
marketplace. Which skill is referred to here?
Select one:
a. Strategy skills
b. Planning skills
c. Marketing skills
d. Project management skills
QUESTION 8
Which one of the following is a disadvantage of a command economy?
a. State organisations can be unproductive.
b. Planning is difficult or impossible.
c. There are high social costs.
d. The environment is unstable.
QUESTION 2
When SABMiller first started in 1895 as Castle Breweries, they would have needed
to consider what the future might offer, how this impacts on the business, and what
needs to be done now to prepare for it. Which management skill does this refer to?
Select one:
a. Project management
b. Planning skills
c. Strategy skills
d. Marketing skills
QUESTION 3
_________________ is characterised by actions of intense, prolonged and repeated
efforts to accomplish something that is difficult.
Select one:
a. Achievement motivation
b. Risk-taking
c. An internal locus of control
d. An external locus of control
QUESTION 4
Which one of the following statements about being an entrepreneur is INCORRECT?
Select one:
a. Entrepreneurs bring about change, growth and wealth in the economy.
b. An entrepreneur assumes the risk of losing all of his/her resources if the venture
fails.
c. An entrepreneur is someone who starts a business with the intention of making a
profit.
, d. Entrepreneurs assume relatively little risk for the success or failure of the
business.
QUESTION 5
Which one of the following statements about being an entrepreneur is INCORRECT?
Select one:
a. Entrepreneurs bring about change, growth and wealth in the economy.
b. An entrepreneur assumes the risk of losing all of his/her resources if the
venture fails.
c. An entrepreneur is someone who starts a business with the intention of making a
profit.
d. Entrepreneurs assume relatively little risk for the success or failure of the
business.
QUESTION 6
Which entrepreneurial trait is characterised by actions of intense, prolonged and
repeated effort to accomplish something that is difficult.
Select one:
a. Risk taking
b. Achievement motivation
c. Innovation
d. An internal locus of control
QUESTION 7
In order for MXit to be successful, Herman Heunis needed to have the ability to
consider the business as a whole and to understand how it fits within its
marketplace. Which skill is referred to here?
Select one:
a. Strategy skills
b. Planning skills
c. Marketing skills
d. Project management skills
QUESTION 8
