BSM1501
Questions and Answers (+ Feedback)
1. Assignment 01 – Semester 01 - 2018
Questions and Answers (+Feedback)
2. Assignment 02 – Semester 01 - 2018
Questions and Answers (+Feedback)
3. MayJune 2016 - Answers (+Feedback) 4.
OctNov 2016 - Answers (+Feedback)
5. MayJune 2017 Paper 2 - Answers
(+Feedback)
6. OctNov 2017 - Answers (+Feedback)
7. Study Guide (Scenarios after each Chapter)
– Questions and Answers (+Feedback)
, BSM1501/2018/Assignment 01 Questions and Answers
Assignment 01 for Semester 01 (compulsory)
PLEASE NOTE
Study Chapters 1 and 2 thoroughly before you answer this assignment.
MULTIPLE-CHOICE QUESTIONS
We recommend submitting your assignment online on myUnisa. You may also use a
markreading sheet to answer and submit the assignment.
Chapter 1
Questions 1 to 5. Match the following concepts in column A with the correct definitions in column
B.
Column A Column B
1. Expertise 1) Entrepreneurs dedicate their skills,
expertise and resources to
establish and build the business.
2. Aptitude 2) Entrepreneurs have confidence in
themselves and their business
and carry on in spite of setbacks,
difficult situations and problems.
3. Perseverance 3) Maintaining good human relations,
for example, after sales service,
attention to detail, personal
presentability and attractive
premises.
4. Commitment to the business 4) Based on knowledge you acquire,
through studying or experience.
5. Customer 5) Each person is born with a talent.
service
6. A small business is a business with _______ employees and a turnover of between R3
million and R32 million.
1) five or fewer
2) ten or fewer
3) 11 to 50
4) 200
1
, BSM1501/2018/Assignment 01 Questions and Answers
7. Planning is part of the _______ function and is part of drawing up the business plan.
1) financial
2) general management
3) operations
4) marketing
8. Successful entrepreneurs _______, as they should know who or what their target market is;
its demands and needs; and how to meet those needs profitably.
1) are knowledgeable about their competitors
2) know the importance of quality
3) are market-oriented
4) have insight into expenditure, income, profit and loss
9. Accounting for your own purposes is part of the _______ and _______ function.
1) administrative; financial
2) general management; operational
3) financial; purchasing
4) general management; financial
10. An entrepreneur must know to adapt to fluctuating interest rates or declining levels of
customer spending power. To which one of the following external factors which an
entrepreneur should be aware of does this refer?
1) Economic conditions
2) Social and cultural forces
3) Physical variables
4) Political and legislative variables
2
, BSM1501/2018/Assignment 01 Questions and Answers
Chapter 2
Questions 11 to 15. Match the following concepts in column A with the correct definitions in
column B.
Column A Column B
11. Branch of industry 1) All the enterprises that perform the same
activities
12. Establishment 2) The course that a product takes from its
unprocessed, natural resource state
to the final form in which it is supplied
to the customer
13. Enterprise 3) The place where inputs are converted
to outputs; this is the place where
physical production takes place
14. Industrial column 4) An independent body that is established
by an entrepreneur to provide
products and services that will meet
the needs of consumers, with the
main aim or motive of making a profit
15. Production branch 5) All the enterprises that provide the same
services
16. As the manager of your own business, you will exert a direct influence on the _______ and
_______ of the business.
1) mission statement; objectives
2) market; competitors
3) suppliers; consumers
4) micro environment; market environment
3
Questions and Answers (+ Feedback)
1. Assignment 01 – Semester 01 - 2018
Questions and Answers (+Feedback)
2. Assignment 02 – Semester 01 - 2018
Questions and Answers (+Feedback)
3. MayJune 2016 - Answers (+Feedback) 4.
OctNov 2016 - Answers (+Feedback)
5. MayJune 2017 Paper 2 - Answers
(+Feedback)
6. OctNov 2017 - Answers (+Feedback)
7. Study Guide (Scenarios after each Chapter)
– Questions and Answers (+Feedback)
, BSM1501/2018/Assignment 01 Questions and Answers
Assignment 01 for Semester 01 (compulsory)
PLEASE NOTE
Study Chapters 1 and 2 thoroughly before you answer this assignment.
MULTIPLE-CHOICE QUESTIONS
We recommend submitting your assignment online on myUnisa. You may also use a
markreading sheet to answer and submit the assignment.
Chapter 1
Questions 1 to 5. Match the following concepts in column A with the correct definitions in column
B.
Column A Column B
1. Expertise 1) Entrepreneurs dedicate their skills,
expertise and resources to
establish and build the business.
2. Aptitude 2) Entrepreneurs have confidence in
themselves and their business
and carry on in spite of setbacks,
difficult situations and problems.
3. Perseverance 3) Maintaining good human relations,
for example, after sales service,
attention to detail, personal
presentability and attractive
premises.
4. Commitment to the business 4) Based on knowledge you acquire,
through studying or experience.
5. Customer 5) Each person is born with a talent.
service
6. A small business is a business with _______ employees and a turnover of between R3
million and R32 million.
1) five or fewer
2) ten or fewer
3) 11 to 50
4) 200
1
, BSM1501/2018/Assignment 01 Questions and Answers
7. Planning is part of the _______ function and is part of drawing up the business plan.
1) financial
2) general management
3) operations
4) marketing
8. Successful entrepreneurs _______, as they should know who or what their target market is;
its demands and needs; and how to meet those needs profitably.
1) are knowledgeable about their competitors
2) know the importance of quality
3) are market-oriented
4) have insight into expenditure, income, profit and loss
9. Accounting for your own purposes is part of the _______ and _______ function.
1) administrative; financial
2) general management; operational
3) financial; purchasing
4) general management; financial
10. An entrepreneur must know to adapt to fluctuating interest rates or declining levels of
customer spending power. To which one of the following external factors which an
entrepreneur should be aware of does this refer?
1) Economic conditions
2) Social and cultural forces
3) Physical variables
4) Political and legislative variables
2
, BSM1501/2018/Assignment 01 Questions and Answers
Chapter 2
Questions 11 to 15. Match the following concepts in column A with the correct definitions in
column B.
Column A Column B
11. Branch of industry 1) All the enterprises that perform the same
activities
12. Establishment 2) The course that a product takes from its
unprocessed, natural resource state
to the final form in which it is supplied
to the customer
13. Enterprise 3) The place where inputs are converted
to outputs; this is the place where
physical production takes place
14. Industrial column 4) An independent body that is established
by an entrepreneur to provide
products and services that will meet
the needs of consumers, with the
main aim or motive of making a profit
15. Production branch 5) All the enterprises that provide the same
services
16. As the manager of your own business, you will exert a direct influence on the _______ and
_______ of the business.
1) mission statement; objectives
2) market; competitors
3) suppliers; consumers
4) micro environment; market environment
3
