MNE2601 Assignment 1 QUIZ (COMPLETE ANSWERS) Semester 1 2025 (201210) - DUE 1 April 2025

MNE2601 Assignment 1 QUIZ (COMPLETE ANSWERS) Semester 1 2025 (201210) - DUE 1 April 2025; 100% TRUSTED Complete, trusted solutions and explanations. For assistance, Whats-App 0.6.7-1.7.1-1.7.3.9. Ensure your success with us. ... Question 1 Not yet answered Marked out of 1.00 Question 2 Not yet answered Marked out of 1.00 QUIZ The small business owner’s ability to transmit their ideas and preference to others in both oral and written forms is known as… skills. 1. interpersonal 2. communication 3. conceptual 4. technical Clear my choice The principle of … means that care is taken to complete a task so that those involved remain safe. 1. fairness 2. accountability 3. due diligence 4. responsiveness Clear my choice Question 3 Not yet answered Marked out of 1.00 Question 4 Not yet answered Marked out of 1.00 Question 5 Not yet answered Marked out of 1.00 The upper limit for a … enterprise is 50 employees and it is generally more established and exhibit more complex business practices. 1. medium 2. small 3. micro 4. survivalist Clear my choice The … feasibility determines whether the business has sufficient management expertise, organisational competence andnon-financial resources to successfully start the business. 1. fi nancial 2. technical 3. organisational 4. product/service Clear my choice The following refer to marketing challenges faced by small businesses in an emerging market except ... 1. building customer loyalty 2. low product demand 3. lack of administrative skills 4. ineffective marketing of products Clear my choice Question 6 Not yet answered Marked out of 1.00 Question 7 Not yet answered Marked out of 1.00 Question 8 Not yet answered Marked out of 1.00 When businesses offer close substitute products and compete against each other by aiming to satisfy the same need thereis … competition. 1. indirect 2. direct 3. future 4. rivalry Clear my choice One of the barriers of regional cooperation as embodied in the Southern African Development Cooperation (SADC) is ... 1. labour mobility 2. cultural diversity 3. labour disputes 4. trade liberalisation Clear my choice The management of a business relationship starts with selecting a partner that the business is likely to have a long-termrelationship with. This calls for partners to possess all of the following except … 1. shared business values and ethics 2. trust for one another 3. commitment to the objectives of the relationship 4. formal collaborations Clear my choice Question 9 Not yet answered Marked out of 1.00 Question 10 Not yet answered Marked out of 1.00 Question 11 Not yet answered Marked out of 1.00 In strategy implementation … is/are needed to place resources, employees and their work appropriately to makeimplementation smooth. 1. effective communication 2. unique creative skills 3. control mechanisms 4. feedback Clear my choice The … of a firm is derived by dividing the percentage change in earnings before interest and tax by a percentage change insales. 1. payback period 2. average cashflow 3. breakeven point 4. operating leverage Clear my choice One of the benefits of … planning is that it does not interfere with the day-to-day running of the business. 1. formal 2. future 3. present 4. informal Clear my choice Question 12 Not yet answered Marked out of 1.00 Question 13 Not yet answered Marked out of 1.00 Question 14 Not yet answered Marked out of 1.00 In addressing the challenge of ... in a small business, a good strategy is to create a solid and comprehensive human resourcepolicy so that problems can be managed if they do arise. 1. crime 2. recruiting qualified staff 3. corruption 4. cultural risks Clear my choice Myths and misconceptions about innovation are based on opinions that became beliefs and may not be conducive toinnovation. The following are some of the myths and misconceptions about innovation except ... 1. innovation is new product development 2. innovation is research and development 3. innovation entails new knowledge 4. innovation can only be done by large organisations Clear my choice Entrepreneurial financial ... constitutes of all sources of finance through which entrepreneurs can raise finance without anyreliance on institutional sources. 1. bootstrapping 2. management 3. sourcing 4. planning Clear my choice Question 15 Not yet answered Marked out of 1.00 Question 16 Not yet answered Marked out of 1.00 Question 17 Not yet answered Marked out of 1.00 The … cycle is a world of dreaming, imagination, experiments, ideas, exploration, speculation, intrigue, uncertainty,possibilities and fun. 1. open innovation 2. operations 3. creativity 4. innovation Clear my choice The following refer to examples of establishment costs except … costs. 1. marketing 2. legal 3. rental 4. installation Clear my choice The … value of money is the value of an amount in a certain future period that entrepreneurs put aside for their use inbusiness. 1. savings 2. future 3. present 4. real Clear my choice Question 18 Not yet answered Marked out of 1.00 Question 19 Not yet answered Marked out of 1.00 Question 20 Not yet answered Marked out of 1.00 Accessing information from sources such as trade and industry associations as well as published reports, including marketresearch reports, is known as … 1. secondary research 2. feasibility analysis 3. concept test 4. primary research Clear my choice There are numerous ways to stimulate original thinking such as …, which is a school of thought that advocates the use ofexamples from nature in solving problems. 1. mind mapping 2. six thinking hats 3. biomimicry 4. synetics Clear my choice The following are benefits of an innovation audit except … 1. organisation of responsibilities and units in support of strategy. 2. establishment of learning resources to acquire knowledge. 3. alignment across the organisation in terms of common purpose and action. 4. benchmarking baselines to compare units and projects both internally and externally. Clear my choice Question 21 Not yet answered Marked out of 1.00 Question 22 Not yet answered Marked out of 1.00 Question 23 Not yet answered Marked out of 1.00 In ethics, the business must be open to constructive engagement with shareholders and provide full disclosures on allmatters, especially on financial reporting. This is referred to as ... 1. policies 2. transparency 3. accountability 4. fairness Clear my choice A/an … industry is one that is characterised by a large number of firms of approximately the same size. 1. global 2. emerging 3. fragmented 4. mature Clear my choice Intellectual property rights in the form of … refers to the protection of new inventions or discoveries. 1. trademark 2. copyright 3. trade secrets 4. patents Clear my choice Question 24 Not yet answered Marked out of 1.00 Question 25 Not yet answered Marked out of 1.00 Question 26 Not yet answered Marked out of 1.00 A/An… strategic planning type refers to a strategy that is forced on the organisation by the environment and is probably themost emergent. 1. imposed 2. process 3. umbrella 4. planned Clear my choice The following are some of the strategies that a small business can employ to overcome the macro environmental challengesthat affect their business operations except … 1. create a means of receiving credit and funding. 2. develop community-based tourism and small-scale farming projects. 3. implement rigid practices to respond to challenges. 4. develop training facilities to give access to machinery and technology. Clear my choice The possibility that something untoward may happen in the course of running a business need to be identified, analysed andmanaged wherever possible. This refers to … management. 1. fi nancial 2. risk 3. people 4. change Clear my choice Question 27 Not yet answered Marked out of 1.00 Question 28 Not yet answered Marked out of 1.00 Question 29 Not yet answered Marked out of 1.00 The following refer to the common motives for collaboration as identified by Hurry (2012) except … 1. inventory savings 2. quality improvement 3. accessing expertise 4. intangible assets Clear my choice A … is a segment of the larger market at which a firm directs its goods/services and marketing efforts. 1. market size 2. target market 3. market capacity 4. market structure Clear my choice The third King Report requires that companies consider their social responsibilities where they operate in terms of thefollowing aspects except … 1. health and HIV/AIDS 2. exemplary leadership 3. black economic empowerment 4. human development Clear my choice Question 30 Not yet answered Marked out of 1.00 Question 31 Not yet answered Marked out of 1.00 Question 32 Not yet answered Marked out of 1.00 The issue of … in strategic planning is characterised by employees who do not know what they are doing in relation to goalsset and they do not know whether they are achieving the goals or not. 1. poor implementation 2. leadership 3. failure to develop measurable outcomes 4. organisational culture Clear my choice During the … financing stage, the entrepreneur’s plan, strategies and prototype products/services become operational. 1. start-up 2. growth 3. bridge 4. seed Clear my choice Which one of the following is an argument for South Africa’s inclusion in BRICS? South Africa … 1. is the smallest in economic output. 2. has a strong regulatory framework. 3. has lower growth prospects than the average for the rest of Africa. 4. has an economy less than a quarter of Russia’s. Clear my choice Question 33 Not yet answered Marked out of 1.00 Question 34 Not yet answered Marked out of 1.00 Question 35 Not yet answered Marked out of 1.00 Financial institutions such as banks offer different types of support to entrepreneurs and small businesses. A recentinitiative by … bank allows blacklisted business owners to open a transaction account which assists small business toconduct their business and rehabilitate their financial record. 1. Peoples 2. Standard 3. ABSA 4. Capitec Clear my choice The following pose a challenge specifically for entrepreneurs in South Africa as an emerging economy. 1. High levels of unemployment, poverty and inequality 2. Factory employment is close to maximum capacity 3. Low levels of investment in social infrastructure 4. Social infrastructure is lacking (e.g. road and rail transport) Clear my choice One of the disadvantages of a … is that legal formalities need to be sorted out before trade can begin. 1. partnership 2. legal personality 3. sole trader 4. company