Business Management 1B
BSM1602
Department of Business Management
Assignment 01 for 2021 (compulsory)
Due Date: 5 May 2021
MULTIPLE- CHOICE QUESTIONS
Chapter 1: Introduction to business management for the entrepreneur
1. Which of the following statements are TRUE?
a) All entrepreneurs know how to manage an enterprise as they have the ability to adapt to the
changing needs of the enterprise.
b) When an enterprise grows and is no longer considered a micro- or very small enterprise, a
managerial approach to business management must be applied.
c) A manager will perform better in an enterprise that was established by an entrepreneur.
d) The continued success of an enterprise is dependant on the entrepreneur’s ability to manage
and lead the enterprise through its development stages.
, Choose the correct combination:
1) a, b, c, d
2) a, b, c
3) b, d
4) a, c, d
Answer:
Refer to page 6-7 of the prescribed textbook:
a) However, not all entrepreneurs know how to manage a business and they frequently fail at a
later stage due to their inability to adapt to the changing needs of the business.
b) This brings into focus the need for a more managerial and functional business management
approach. The need for a more managerial style becomes important when the business has
grown and is no longer a micro- or very small business.
c) However, there is no evidence that a manager will perform better in a business established
by the original entrepreneur.
d) The continued success of an entrepreneurial business is determined by the ability of the
entrepreneur to manage and lead the business through different stages of its development.
BSM1602
Department of Business Management
Assignment 01 for 2021 (compulsory)
Due Date: 5 May 2021
MULTIPLE- CHOICE QUESTIONS
Chapter 1: Introduction to business management for the entrepreneur
1. Which of the following statements are TRUE?
a) All entrepreneurs know how to manage an enterprise as they have the ability to adapt to the
changing needs of the enterprise.
b) When an enterprise grows and is no longer considered a micro- or very small enterprise, a
managerial approach to business management must be applied.
c) A manager will perform better in an enterprise that was established by an entrepreneur.
d) The continued success of an enterprise is dependant on the entrepreneur’s ability to manage
and lead the enterprise through its development stages.
, Choose the correct combination:
1) a, b, c, d
2) a, b, c
3) b, d
4) a, c, d
Answer:
Refer to page 6-7 of the prescribed textbook:
a) However, not all entrepreneurs know how to manage a business and they frequently fail at a
later stage due to their inability to adapt to the changing needs of the business.
b) This brings into focus the need for a more managerial and functional business management
approach. The need for a more managerial style becomes important when the business has
grown and is no longer a micro- or very small business.
c) However, there is no evidence that a manager will perform better in a business established
by the original entrepreneur.
d) The continued success of an entrepreneurial business is determined by the ability of the
entrepreneur to manage and lead the business through different stages of its development.
