1
2026 – S2 – MNB1501 – ASSESSMENT 1 – Q&A
QUIZ
Assessment 1
Started on Saturday, 4 July 2026,
State Finished
Completed on Saturday, 4 July 2026,
Time taken
Marks 20.00/20.00
Grade 100.00 out of 100.00
Question 1
Which one of the following is NOT a possible source of business ideas in South Africa?
a.
government directives
b.
previous work experience and industry-related exposure
c.
personal interests and educational courses
d.
suggestions from customers, family and friends
Question 2
The productivity of people and resources objectives include aspects such as__________.
a.
Controlling costs and expenses.
b.
Ensuring profitability.
c.
Purchasing new equipment.
d.
Keeping customers happy.
, 2
2026 – S2 – MNB1501 – ASSESSMENT 1 – Q&A
Question 3
CSR cuts across the business, including all business functions. In the ______ management
function, CSR practices can create market opportunities and increase the competitiveness of
companies that use innovation to develop products or services based on sustainability
criteria.
a.
corporate
b.
procurement
c.
operations
d.
top
Question 4
Sipho would like to own a business through a franchise. How many of the following
statements are not correct about a franchise?
a. A franchisee grants a license to the franchise.
b. A franchise pays the franchisee an initial fee.
c. A franchisee trains the franchisor.
d. A franchisor allows creativity and innovation.
e. A franchisee benefits from the franchise’s known brand.
a.
one
b.
three
2026 – S2 – MNB1501 – ASSESSMENT 1 – Q&A
QUIZ
Assessment 1
Started on Saturday, 4 July 2026,
State Finished
Completed on Saturday, 4 July 2026,
Time taken
Marks 20.00/20.00
Grade 100.00 out of 100.00
Question 1
Which one of the following is NOT a possible source of business ideas in South Africa?
a.
government directives
b.
previous work experience and industry-related exposure
c.
personal interests and educational courses
d.
suggestions from customers, family and friends
Question 2
The productivity of people and resources objectives include aspects such as__________.
a.
Controlling costs and expenses.
b.
Ensuring profitability.
c.
Purchasing new equipment.
d.
Keeping customers happy.
, 2
2026 – S2 – MNB1501 – ASSESSMENT 1 – Q&A
Question 3
CSR cuts across the business, including all business functions. In the ______ management
function, CSR practices can create market opportunities and increase the competitiveness of
companies that use innovation to develop products or services based on sustainability
criteria.
a.
corporate
b.
procurement
c.
operations
d.
top
Question 4
Sipho would like to own a business through a franchise. How many of the following
statements are not correct about a franchise?
a. A franchisee grants a license to the franchise.
b. A franchise pays the franchisee an initial fee.
c. A franchisee trains the franchisor.
d. A franchisor allows creativity and innovation.
e. A franchisee benefits from the franchise’s known brand.
a.
one
b.
three
