UNISA 2023 MAC2602-23-S2 Welcome Message Assessment 2
QUIZ
Started on Saturday, 9 September 2023, 10:03 PM
State Finished
Completed on Saturday, 9 September 2023, 11:01 PM
Time taken 58 mins 2 secs
Marks 35.00/50.00
Grade 70.00 out of 100.00
Question 1
Correct
Mark 2.00 out of 2.00
Apply your knowledge about pricing strategies and select the explanation that best describes selective pricing.
(a) The setting of a low selling price for a product or service to gain market share.
(b) The setting of high selling prices for unique products, thereby maximising short-term profits.
(c) The setting of the selling price for a product or service on the perceived value to the customer.
(d) The setting of different selling prices for the same product or service in different markets.
Select one:
a. The setting of high selling prices for unique products, thereby maximising short-term profits.
b. The setting of different selling prices for the same product or service in different markets.
c. The setting of the selling price for a product or service on the perceived value to the customer.
d. The setting of a low selling price for a product or service to gain market share.
,Question 2
Correct
Mark 2.00 out of 2.00
Which ONE of the following options will NOT be a main objective when you are conducting financial analysis?
(a) To use as evaluation of the organisation’s prospects for the future in order to help external fund providers with investment
decisions as well.
(b) To be of assistance in the management of long-term funds only.
(c) To be used for internal decision-making by the management of the organisation regarding cash management, investment
of funds etcetera.
(d) To be used to evaluate the performance of the management of the organisation as reflected in the analysis of their
historical financial information in the organisation’s annual financial statements.
Select one:
a. To be used for internal decision-making by the management of the organisation regarding cash management,
investment of funds etcetera.
b. To be used to evaluate the performance of the management of the organisation as reflected in the analysis of their
historical financial information in the organisation’s annual financial statements.
c. To be of assistance in the management of long-term funds only.
d. To use as evaluation of the organisation’s prospects for the future in order to help external fund providers with
investment decisions as well.
Question 3
Correct
Mark 2.00 out of 2.00
Select the concept that can be explained as being ‘a set of processes, customs, policies, laws, and institutions affecting the way
that a business is managed and that includes the relationships among the many stakeholders involved with an organisation and
the goal of the business.
(a) Memorandum of incorporation (MOI)
(b) Corporate governance
(c) Sustainability for businesses
(d) Strategic financial management
Select one:
a. Sustainability for businesses
b. Memorandum of incorporation (MOI)
c. Strategic financial management
d. Corporate governance
,Question 4
Correct
Mark 2.00 out of 2.00
Which ONE of the following explanations best describes differentiation strategy as competitive strategy?
(a) The company minimise their selling-, advertising-, research and development expenses to have lower selling prices than
competitors.
(b) The company supply and sell standard and high-volume products at better prices than competitors.
(c) The company sets the selling price for a product at the perceived value that the customers have regarding the product.
(d) The company aims to create very high-quality, unique, well designed, and creative products that will distinguish their
products from that of competitors and gaining a reputation for the quality of their products as well as building a good
corporate image.
Select one:
a. The company aims to create very high-quality, unique, well designed, and creative products that will distinguish
their products from that of competitors and gaining a reputation for the quality of their products as well as
building a good corporate image.
b. The company sets the selling price for a product at the perceived value that the customers have regarding the
product.
c. The company supply and sell standard and high-volume products at better prices than competitors.
d. The company minimise their selling-, advertising-, research and development expenses to have lower selling prices
than competitors.
Question 5
Correct
Mark 2.00 out of 2.00
Select the correct explanation for capital structure, from the options below.
(a) It is the money the organisation has on hand (including petty cash, unbanked payments received) as well as the money in
the bank (including cheque accounts or short-term deposits).
(b) It describes the annual return or compensation earned on an investment.
(c) It refers to the controlling of balances included in the current assets and current liabilities, the way the related functions
within the organisation are performed and the way working capital is financed.
(d) It is the manner in which an organisation’s non-current assets are financed and is normally expressed in percentages of
each type of capital used by the organisation.
Select one:
a. It refers to the controlling of balances included in the current assets and current liabilities, the way the related
functions within the organisation are performed and the way working capital is financed.
b. It is the manner in which an organisation’s non-current assets are financed and is normally expressed in
percentages of each type of capital used by the organisation.
c. It describes the annual return or compensation earned on an investment.
d. It is the money the organisation has on hand (including petty cash, unbanked payments received) as well as the
money in the bank (including cheque accounts or short-term deposits).
, Question 6
Correct
Mark 2.00 out of 2.00
Select the combination of the following statements regarding growth rate as applied in ratio analysis that are all TRUE.
(1) Further comparison and investigation should be done when there is an increase or decrease in the growth rate for the
result to be sensible.
(2) Growth rate refers to the percentage that a line item in the financial information of an organisation has increased or
decreased from one period to another.
(3) Growth rates could not be used in conjunction with other ratios that were analysed to help clarify the results.
(4) The growth rate can provide an indication of the success of an organisation’s operations over several periods or years.
(5) Growth rates can only be calculated on figures in the statement of profit or loss and other comprehensive income.
(a) Statements (1), (2) and (3)
(b) Statement (1), (3) and (4)
(c) Statements (1), (2) and (4)
(d) Statement (1), (2), (3) and (5)
Select one:
a. Statements (1), (2) and (3)
b. Statements (1), (2) and (4)
c. Statement (1), (2), (3) and (5)
d. Statement (1), (3) and (4)
Question 7
Incorrect
Mark 0.00 out of 2.00
Which ONE of the following relates to price skimming as pricing strategy?
(a) A short-lived product.
(b) A newly launched product.
(c) An improved high-demand product.
(d) A product in a highly competitive industry.
Select one:
a. A newly launched product.
b. A short-lived product.
c. A product in a highly competitive industry.
d. An improved high-demand product.
QUIZ
Started on Saturday, 9 September 2023, 10:03 PM
State Finished
Completed on Saturday, 9 September 2023, 11:01 PM
Time taken 58 mins 2 secs
Marks 35.00/50.00
Grade 70.00 out of 100.00
Question 1
Correct
Mark 2.00 out of 2.00
Apply your knowledge about pricing strategies and select the explanation that best describes selective pricing.
(a) The setting of a low selling price for a product or service to gain market share.
(b) The setting of high selling prices for unique products, thereby maximising short-term profits.
(c) The setting of the selling price for a product or service on the perceived value to the customer.
(d) The setting of different selling prices for the same product or service in different markets.
Select one:
a. The setting of high selling prices for unique products, thereby maximising short-term profits.
b. The setting of different selling prices for the same product or service in different markets.
c. The setting of the selling price for a product or service on the perceived value to the customer.
d. The setting of a low selling price for a product or service to gain market share.
,Question 2
Correct
Mark 2.00 out of 2.00
Which ONE of the following options will NOT be a main objective when you are conducting financial analysis?
(a) To use as evaluation of the organisation’s prospects for the future in order to help external fund providers with investment
decisions as well.
(b) To be of assistance in the management of long-term funds only.
(c) To be used for internal decision-making by the management of the organisation regarding cash management, investment
of funds etcetera.
(d) To be used to evaluate the performance of the management of the organisation as reflected in the analysis of their
historical financial information in the organisation’s annual financial statements.
Select one:
a. To be used for internal decision-making by the management of the organisation regarding cash management,
investment of funds etcetera.
b. To be used to evaluate the performance of the management of the organisation as reflected in the analysis of their
historical financial information in the organisation’s annual financial statements.
c. To be of assistance in the management of long-term funds only.
d. To use as evaluation of the organisation’s prospects for the future in order to help external fund providers with
investment decisions as well.
Question 3
Correct
Mark 2.00 out of 2.00
Select the concept that can be explained as being ‘a set of processes, customs, policies, laws, and institutions affecting the way
that a business is managed and that includes the relationships among the many stakeholders involved with an organisation and
the goal of the business.
(a) Memorandum of incorporation (MOI)
(b) Corporate governance
(c) Sustainability for businesses
(d) Strategic financial management
Select one:
a. Sustainability for businesses
b. Memorandum of incorporation (MOI)
c. Strategic financial management
d. Corporate governance
,Question 4
Correct
Mark 2.00 out of 2.00
Which ONE of the following explanations best describes differentiation strategy as competitive strategy?
(a) The company minimise their selling-, advertising-, research and development expenses to have lower selling prices than
competitors.
(b) The company supply and sell standard and high-volume products at better prices than competitors.
(c) The company sets the selling price for a product at the perceived value that the customers have regarding the product.
(d) The company aims to create very high-quality, unique, well designed, and creative products that will distinguish their
products from that of competitors and gaining a reputation for the quality of their products as well as building a good
corporate image.
Select one:
a. The company aims to create very high-quality, unique, well designed, and creative products that will distinguish
their products from that of competitors and gaining a reputation for the quality of their products as well as
building a good corporate image.
b. The company sets the selling price for a product at the perceived value that the customers have regarding the
product.
c. The company supply and sell standard and high-volume products at better prices than competitors.
d. The company minimise their selling-, advertising-, research and development expenses to have lower selling prices
than competitors.
Question 5
Correct
Mark 2.00 out of 2.00
Select the correct explanation for capital structure, from the options below.
(a) It is the money the organisation has on hand (including petty cash, unbanked payments received) as well as the money in
the bank (including cheque accounts or short-term deposits).
(b) It describes the annual return or compensation earned on an investment.
(c) It refers to the controlling of balances included in the current assets and current liabilities, the way the related functions
within the organisation are performed and the way working capital is financed.
(d) It is the manner in which an organisation’s non-current assets are financed and is normally expressed in percentages of
each type of capital used by the organisation.
Select one:
a. It refers to the controlling of balances included in the current assets and current liabilities, the way the related
functions within the organisation are performed and the way working capital is financed.
b. It is the manner in which an organisation’s non-current assets are financed and is normally expressed in
percentages of each type of capital used by the organisation.
c. It describes the annual return or compensation earned on an investment.
d. It is the money the organisation has on hand (including petty cash, unbanked payments received) as well as the
money in the bank (including cheque accounts or short-term deposits).
, Question 6
Correct
Mark 2.00 out of 2.00
Select the combination of the following statements regarding growth rate as applied in ratio analysis that are all TRUE.
(1) Further comparison and investigation should be done when there is an increase or decrease in the growth rate for the
result to be sensible.
(2) Growth rate refers to the percentage that a line item in the financial information of an organisation has increased or
decreased from one period to another.
(3) Growth rates could not be used in conjunction with other ratios that were analysed to help clarify the results.
(4) The growth rate can provide an indication of the success of an organisation’s operations over several periods or years.
(5) Growth rates can only be calculated on figures in the statement of profit or loss and other comprehensive income.
(a) Statements (1), (2) and (3)
(b) Statement (1), (3) and (4)
(c) Statements (1), (2) and (4)
(d) Statement (1), (2), (3) and (5)
Select one:
a. Statements (1), (2) and (3)
b. Statements (1), (2) and (4)
c. Statement (1), (2), (3) and (5)
d. Statement (1), (3) and (4)
Question 7
Incorrect
Mark 0.00 out of 2.00
Which ONE of the following relates to price skimming as pricing strategy?
(a) A short-lived product.
(b) A newly launched product.
(c) An improved high-demand product.
(d) A product in a highly competitive industry.
Select one:
a. A newly launched product.
b. A short-lived product.
c. A product in a highly competitive industry.
d. An improved high-demand product.
