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Exam (elaborations)

Exam (elaborations) Business Management IB

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This document is a completed online quiz or assessment for a course, business management (implied by "MNB1601"). The assessment consists of 30 multiple-choice questions covering a range of topics including supply chain management, finance, operations management, and purchasing. Each question is marked as correct, with a score of 1.00 out of 1.00, indicating a perfect score of 100%. The quiz aims to evaluate the student's understanding and application of core business principles in various practical scenarios.

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Institution
Course

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Uploaded on
February 21, 2025
Number of pages
18
Written in
2024/2025
Type
Exam (elaborations)
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Questions & answers

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2/18/25, 3:13 PM Assessment 2: Attempt review




1601-25-S1  Welcome to MNB1601!  Assessment 2


QUIZ




Started on Wednesday, 5
February 2025, 6:55
PM
State Finished
Completed on Friday, 7 February
2025, 11:49 AM
Time taken 1 day 16 hours
Marks 30.00/30.00
Grade 100.00 out of 100.00


Question 1

Correct

Mark 1.00 out of 1.00




A jeweller is an example of a ___________
system.


Select one:

a. project
b. jobbing 
c. job-lot
d. repetitive




The correct answer is: jobbing




Question 2

Correct

Mark 1.00 out of 1.00




The different processes required to
manufacture the new Toyota Prius are
arranged in consecutive order and the
layout is adapted to the Prius. This is
known as the ____________________ layout.


Select one:

a. fixed-position
b. process

c. product 
d. cellular




The correct answer is: product




https://mymodules.dtls.unisa.ac.za/mod/quiz/review.php?attempt=23688493&cmid=1074724 1/18

,2/18/25, 3:13 PM Assessment 2: Attempt review

Question 3

Correct

Mark 1.00 out of 1.00




In order to determine the future
availability of materials or services, a
study of the technical, managerial and
financial abilities of suppliers is
necessary. This is done by ___________.


Select one:

a. doing an internal audit of
suppliers
b. drawing up quality specifications

c. going on business retreats
d. analysing suppliers’ 
financial statements




The correct answer is: analysing
suppliers’ financial statements




Question 4

Correct

Mark 1.00 out of 1.00




If IBM decided to increase their
profitability by looking at the return on
assets, which one of the following
options would be an appropriate
suggestion?


Select one:
a. Disinvest non-core business 
units.
b. Reduce operation expenses.

c. Stock products with a faster
turnover rate.
d. Buy back shares.




The correct answer is: Disinvest non-core
business units.




https://mymodules.dtls.unisa.ac.za/mod/quiz/review.php?attempt=23688493&cmid=1074724 2/18

, 2/18/25, 3:13 PM Assessment 2: Attempt review

Question 5

Correct

Mark 1.00 out of 1.00




Mohammad is the owner of a gourmet
ice-cream shop in Durban. For the 2020
December holidays, Mohammad has
designed a brand-new marketing and
promotion campaign. Which budget
would Mohammad use to measure the
marketing and sales effectiveness of his
December campaign?


Select one:

a. Manufacturing-cost budget
b. Income budget 
c. Profit budget
d. Discretionary-cost budget




The correct answer is: Income budget




Question 6

Correct

Mark 1.00 out of 1.00




Technology will become a crucial part of
supply chains. E-procurement and online
costs are part of _______________ costs.


Select one:
a. inventory-carrying

b. inventory-management
c. inventory-ordering 
d. inventory-warehousing




The correct answer is: inventory-ordering




https://mymodules.dtls.unisa.ac.za/mod/quiz/review.php?attempt=23688493&cmid=1074724 3/18
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