The BMZ Academy @ 061 262
THE BMZ ACADEMY
@061 262 1185/068 053 8213
BMZ ACADEMY 061 262 1185/068 053 8213
, UNISA 2025 MNB1601-25-S1 Welcome to MNB1601! Assessment 2
QUIZ
Question 1
Not yet answered
Marked out of 1.00
The following information is supplied for Hetisani Ltd. for the month of October 2020:
Fixed assets R1 000 000
Current assets:
Cash R80 000
Marketable securities R100 000
Inventory R500 000
Debtors R300 000
Shareholder’s capital R700 000
Long-term debt R250 000
Current liabilities R300 000
The acid-test ratio for Hetisani Ltd. would be _________________ .
Select one:
a. 1.7:1
b. 1.6:1
c. 1.5:1
d. 3.2:1
,Question 2
Not yet answered
Marked out of 1.00
Which one of the following applies to the cyclical ordering system?
Select one:
a. Each time new inventory is required, a fixed quantity is ordered.
b. Each item in the inventory is checked at fixed intervals and is supplemented by an order to bring the inventory level
to its maximum level again.
c. The manufacturer strives to provide products and services to its retail customers in exact quantities on a continuous
basis with minimum lead times.
d. The supplier replenishes inventory based on actual product usage and stock-level information provided by the retail
buyer.
Question 3
Not yet answered
Marked out of 1.00
Mavis is the marketing manager for Mars Plastics. She is serving on a cross-functional purchasing team for the company’s
toy division. The team includes members from the finance department, the purchasing and supply department and Mars
Plastic’s main toy supplier, Kidz R Us. In order to assess the management performance of the cross-functional team on which
Mavis serves, Mars Plastics has put together an evaluation sheet. Which one of the following options would be included in
the evaluation sheet used for management performance?
Select one:
a. The adequacy of performance appraisal
b. Noting the number of orders marked as urgent
c. The diligence with which purchasing requests are executed
d. Measuring the contribution purchasers make
Question 4
Not yet answered
Marked out of 1.00
Quality planning and control can be divided into six steps. Which one of the following options represents the first step in this
process?
Select one:
a. Setting standards for each quality characteristic.
b. Defining the quality characteristics.
c. Measuring the quality characteristics.
d. Controlling quality against the set standards.
, Question 5
Not yet answered
Marked out of 1.00
Despite a better statement of financial position and a renaissance in the laboratories, IBM fell further behind every year. In
Unix servers, the backbone of the internet, IBM’s sales rose 3% in 1998, but sales of their competitors soared, for example
Sun Microsystems grew by 29%. Which one of the following best describes the statement of financial position?
Select one:
a. Can be described as the accrued power of disposal over the products and services used by the business to generate
a monetary return.
b. Consists of primarily receipts resulting in the sale of the business’s products and/or services.
c. Reflects all the possessions of the business as well as the nature and extent of the interests in these possessions.
d. Furnishes details about the way the profit or loss for a particular period was arrived at and how it has been
distributed.
Question 6
Not yet answered
Marked out of 1.00
For the period 1983 to 1989, IBM’s profit as a percentage of revenue decreased from 13.6% to 6%. In 1991 and 1992, the
company made a loss. Microsoft and Intel, on the hand, showed significant increases in their profit as a percentage of
revenue. Which one of the following equations would IBM have used to calculate the company’s profit or loss?
Select one:
a. Profit/Sales x 100/1
b. Income – cost
c. (Price x cost per unit) – units sold
d. Price x units sold
Question 7
Not yet answered
Marked out of 1.00
In modern organisations like Toyota the purchasing function forms an inherent and integrative part of an integrated supply
chain. A supply chain consists of purchasing (inputs or sourcing), the operational process (assembling or transformation)
and distribution of half-finished or finished consumer goods. Supply-chain process integration at Toyota will occur at the
___________ level of purchasing and supply planning.
Select one:
a. strategic
b. tactical
c. middle-management
d. operations
THE BMZ ACADEMY
@061 262 1185/068 053 8213
BMZ ACADEMY 061 262 1185/068 053 8213
, UNISA 2025 MNB1601-25-S1 Welcome to MNB1601! Assessment 2
QUIZ
Question 1
Not yet answered
Marked out of 1.00
The following information is supplied for Hetisani Ltd. for the month of October 2020:
Fixed assets R1 000 000
Current assets:
Cash R80 000
Marketable securities R100 000
Inventory R500 000
Debtors R300 000
Shareholder’s capital R700 000
Long-term debt R250 000
Current liabilities R300 000
The acid-test ratio for Hetisani Ltd. would be _________________ .
Select one:
a. 1.7:1
b. 1.6:1
c. 1.5:1
d. 3.2:1
,Question 2
Not yet answered
Marked out of 1.00
Which one of the following applies to the cyclical ordering system?
Select one:
a. Each time new inventory is required, a fixed quantity is ordered.
b. Each item in the inventory is checked at fixed intervals and is supplemented by an order to bring the inventory level
to its maximum level again.
c. The manufacturer strives to provide products and services to its retail customers in exact quantities on a continuous
basis with minimum lead times.
d. The supplier replenishes inventory based on actual product usage and stock-level information provided by the retail
buyer.
Question 3
Not yet answered
Marked out of 1.00
Mavis is the marketing manager for Mars Plastics. She is serving on a cross-functional purchasing team for the company’s
toy division. The team includes members from the finance department, the purchasing and supply department and Mars
Plastic’s main toy supplier, Kidz R Us. In order to assess the management performance of the cross-functional team on which
Mavis serves, Mars Plastics has put together an evaluation sheet. Which one of the following options would be included in
the evaluation sheet used for management performance?
Select one:
a. The adequacy of performance appraisal
b. Noting the number of orders marked as urgent
c. The diligence with which purchasing requests are executed
d. Measuring the contribution purchasers make
Question 4
Not yet answered
Marked out of 1.00
Quality planning and control can be divided into six steps. Which one of the following options represents the first step in this
process?
Select one:
a. Setting standards for each quality characteristic.
b. Defining the quality characteristics.
c. Measuring the quality characteristics.
d. Controlling quality against the set standards.
, Question 5
Not yet answered
Marked out of 1.00
Despite a better statement of financial position and a renaissance in the laboratories, IBM fell further behind every year. In
Unix servers, the backbone of the internet, IBM’s sales rose 3% in 1998, but sales of their competitors soared, for example
Sun Microsystems grew by 29%. Which one of the following best describes the statement of financial position?
Select one:
a. Can be described as the accrued power of disposal over the products and services used by the business to generate
a monetary return.
b. Consists of primarily receipts resulting in the sale of the business’s products and/or services.
c. Reflects all the possessions of the business as well as the nature and extent of the interests in these possessions.
d. Furnishes details about the way the profit or loss for a particular period was arrived at and how it has been
distributed.
Question 6
Not yet answered
Marked out of 1.00
For the period 1983 to 1989, IBM’s profit as a percentage of revenue decreased from 13.6% to 6%. In 1991 and 1992, the
company made a loss. Microsoft and Intel, on the hand, showed significant increases in their profit as a percentage of
revenue. Which one of the following equations would IBM have used to calculate the company’s profit or loss?
Select one:
a. Profit/Sales x 100/1
b. Income – cost
c. (Price x cost per unit) – units sold
d. Price x units sold
Question 7
Not yet answered
Marked out of 1.00
In modern organisations like Toyota the purchasing function forms an inherent and integrative part of an integrated supply
chain. A supply chain consists of purchasing (inputs or sourcing), the operational process (assembling or transformation)
and distribution of half-finished or finished consumer goods. Supply-chain process integration at Toyota will occur at the
___________ level of purchasing and supply planning.
Select one:
a. strategic
b. tactical
c. middle-management
d. operations
