MNB1501-"2024" - ASSESSMENT 2 (Due 04 April 2024) SEMESTER 1 - 100%

MNB 1501 QUIZ
ASSESSMENT 2
BUSINESS SEMESTER 1
DUE : 04 APRIL 2024
Started on Friday, 8 March 2024
State Finished

MANAGEMENT 1A Completed on
Time taken
Friday, 8 March 2024, 10:00 PM
54 mins 14 secs
Marks 20.00/20.00
Grade 100.00 out of 100.00




Varsity
Assist

, Assessment 2-MNB 1501-2024
Started on Friday, 8 March 2024
State Finished
Completed on Friday, 8 March 2024, 10:00 PM
Time taken 54 mins 14 secs
Marks 20.00/20.00
Grade 100.00 out of 100.00
Question 1
Correct
Mark 1.00 out of 1.00

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Question text
Swanson (2017) proposed a business plan development checklist and project planner
that entrepreneurs can use when developing their business plans. Which of the following
is NOT one of the necessary aspects to be attended to when developing a business
plan?
a.
initial research
b.
the business model
c.
initial business plan draft
d.
sourcing funds to run the business
Feedback
Your answer is correct.
The correct answer is souring funds to run the business. The checklist proposed by
Swanson (2017) provides the necessary aspects to be attended to when developing a
business plan such as conducting initial research; adopting the business model;
compiling the initial business plan; ensuring that the business plan is realistic and
appealing; finalising the business plan and preparing to present the business plan.
Sourcing funds to run the business is not one of the aspects that were identified. Refer
to section 3.8.5.
The correct answer is:
sourcing funds to run the business

Question 2
Correct
Mark 1.00 out of 1.00