MNO2601 - ASSESSMENT 5 - EXPECTED QUESTIONS AND ANSWERS - SEMESTER 2 - 2024

2024 – S1 – MNO2601 – ASSESSMENT 5 – Q&A



Assessment 5
Started on Sunday, 14 April 2024,
State Finished
Completed on Monday, 15 April 2024,
Time taken
Marks 25/25
Grade 100 out of 100


Question 1
Where a business is involved in an activity that has long term strategic importance,
the business is likely to produce the product in-house .




outsource the production of the product
Feedback
The correct answer is:
Where a business is involved in an activity that has long term strategic importance,
the business is likely to [produce the product in-house].



Question 2
Disintermediation is concerned with bringing in a middleman to mediate among
various organisations.

Select one:
True
False

Feedback
Disintermediation is concerned with cutting out the middleman.

The correct answer is 'False'.




1

, 2024 – S1 – MNO2601 – ASSESSMENT 5 – Q&A


Question 3
Where a business is able to achieve economies of scale, the business
should produce the product in-house .




outsource the production of the product
Feedback
The correct answer is:
Where a business is able to achieve economies of scale, the business should
[produce the product in-house].



Question 4
Businesses usually decide to change a location because of changes in demand
and changes in supply .




coopetition disintermediation labour
Feedback
The correct answer is:
Businesses usually decide to change a location because of [changes in demand]
and [changes in supply].



Question 5
The most common approach to deciding how much to order of a particular item to
replenish stock is called:

1. Little's Law
2. The economic order quantity
3. Forecasting
4. Periodic review

1.


2