BSM1602
ASSIGNMENT 1 FOR 2ND SEMESTER 2023
FEND TUTORIALS
, Started on Saturday, 5 August 2023, 2:14 AM
State Finished
Completed on Wednesday, 16 August 2023, 12:17 PM
Time taken 11 days 10 hours
Grade 10.00 out of 10.00 (100%)
Question 1
Correct
Mark 1.00 out of 1.00
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Question text
The macro-environment in which enterprises operate is classified according to six variables. Which
one of the following statements, with regards to the macro-environmental variables,
is INCORRECT?
a.
The regulatory sub-environment influences how enterprises are managed in various ways.
b.
Sustainable business practices require that enterprises act responsibly to ensure that they protect
scarce resources.
c.
A country’s economic growth and wealth cannot be measured by the products and services it
produces.
d.
Society and culture influence individual behaviour and have a direct influence on the preferences and
spending of individuals.
Question 2
Correct
Mark 1.00 out of 1.00
Flag question
Question text
Grace, who is a qualified Chartered Accountant, worked as a senior manager at one of the biggest
accounting firms in Pretoria. In 2012, a new law came into play that stipulates that
accounting/auditing firms are not allowed to do both the financial reporting and auditing procedures
of their clients. As a result, Grace’s job became redundant. This is a variable that formed part of
Grace’s company’s __________ environment.
a.
ASSIGNMENT 1 FOR 2ND SEMESTER 2023
FEND TUTORIALS
, Started on Saturday, 5 August 2023, 2:14 AM
State Finished
Completed on Wednesday, 16 August 2023, 12:17 PM
Time taken 11 days 10 hours
Grade 10.00 out of 10.00 (100%)
Question 1
Correct
Mark 1.00 out of 1.00
Flag question
Question text
The macro-environment in which enterprises operate is classified according to six variables. Which
one of the following statements, with regards to the macro-environmental variables,
is INCORRECT?
a.
The regulatory sub-environment influences how enterprises are managed in various ways.
b.
Sustainable business practices require that enterprises act responsibly to ensure that they protect
scarce resources.
c.
A country’s economic growth and wealth cannot be measured by the products and services it
produces.
d.
Society and culture influence individual behaviour and have a direct influence on the preferences and
spending of individuals.
Question 2
Correct
Mark 1.00 out of 1.00
Flag question
Question text
Grace, who is a qualified Chartered Accountant, worked as a senior manager at one of the biggest
accounting firms in Pretoria. In 2012, a new law came into play that stipulates that
accounting/auditing firms are not allowed to do both the financial reporting and auditing procedures
of their clients. As a result, Grace’s job became redundant. This is a variable that formed part of
Grace’s company’s __________ environment.
a.
