MNB1501 ASSIGNMENT 2 SEMESTER 2 EXAM
SCRIPT 2026 FULL QUESTIONS AND
ANSWERS
⩥ Non-exclusive directors. Answer: Are not involved in the day-to-day
operation of the business of the company and do not receive any
remuneration other that their director's fees. They are independent of
management and should be free from any significant business or other
relationship with the company that could materially hamper their
independence.
⩥ Value-based system. Answer: The CSR (Corporate Social
Responsibility) policy is aligned with the company's own vision,
mission, values and guiding principles, is used when a company
addresses CSR in a proactive manner.
⩥ Stakeholder-Engagement Process. Answer: Allows stakeholders to
determine what they want from the company and what they consider to
be the issues and culture of the company, is a reactive approach.
⩥ Combined Value-based and stakeholder-engagement processes.
Answer: Ofther wmerges from an original emphasis on a values-based
approach but develops in a combination approach when the company
moves from setting its own objectives aligned with its values to
involving its stakeholders. This allows the company to ensure that its
strategy satisfies its own needs as well as the needs of its stakeholders.
, ⩥ Primary Stakeholders. Answer: Stakeholders whose ongoing support
for the company is vital for its survival. Have a direct stake in the
organization and its success.
⩥ Secondary Stakeholders. Answer: Stakeholders who have a less direct
impact on the company.
⩥ Steps in the stakeholder-engagement process. Answer: 1. Prepare -
Identify and understand the territory.
2. Plan - Set objectives and parameters.
3. Design - Co-develop the engagement plan.
4. Engage - Successfully meet the objectives through execution.
5. Evaluate - Assess the outcomes of engagement for both company and
stakeholders.
6. Apply - Share information and integrate the outcomes.
⩥ 4 basic resources in company. Answer: 1. Human resources
(managers)
2. Financial resources (Shareholders)
3. Physical resources (Buildings)
4. Information resources (Market research reports)
SCRIPT 2026 FULL QUESTIONS AND
ANSWERS
⩥ Non-exclusive directors. Answer: Are not involved in the day-to-day
operation of the business of the company and do not receive any
remuneration other that their director's fees. They are independent of
management and should be free from any significant business or other
relationship with the company that could materially hamper their
independence.
⩥ Value-based system. Answer: The CSR (Corporate Social
Responsibility) policy is aligned with the company's own vision,
mission, values and guiding principles, is used when a company
addresses CSR in a proactive manner.
⩥ Stakeholder-Engagement Process. Answer: Allows stakeholders to
determine what they want from the company and what they consider to
be the issues and culture of the company, is a reactive approach.
⩥ Combined Value-based and stakeholder-engagement processes.
Answer: Ofther wmerges from an original emphasis on a values-based
approach but develops in a combination approach when the company
moves from setting its own objectives aligned with its values to
involving its stakeholders. This allows the company to ensure that its
strategy satisfies its own needs as well as the needs of its stakeholders.
, ⩥ Primary Stakeholders. Answer: Stakeholders whose ongoing support
for the company is vital for its survival. Have a direct stake in the
organization and its success.
⩥ Secondary Stakeholders. Answer: Stakeholders who have a less direct
impact on the company.
⩥ Steps in the stakeholder-engagement process. Answer: 1. Prepare -
Identify and understand the territory.
2. Plan - Set objectives and parameters.
3. Design - Co-develop the engagement plan.
4. Engage - Successfully meet the objectives through execution.
5. Evaluate - Assess the outcomes of engagement for both company and
stakeholders.
6. Apply - Share information and integrate the outcomes.
⩥ 4 basic resources in company. Answer: 1. Human resources
(managers)
2. Financial resources (Shareholders)
3. Physical resources (Buildings)
4. Information resources (Market research reports)
