Business Management 1A
BSM1501
Department of Business Management
Assignment 01 for Semester 02 (compulsory)
Unique Number 611268
PLEASE NOTE
Study Chapters 1 and 2 thoroughly before you answer this assignment.
MULTIPLE-CHOICE QUESTIONS
We recommend submitting your assignment online on myUnisa. You may also use a
markreading sheet to answer and submit the assignment.
Chapter 1
1. An entrepreneur can be described as someone who:
, a) works full-time in a lifestyle business.
b) is responsible for growth.
c) is known as a corporate entrepreneur.
d) is creative and innovative.
e) takes calculated risks.
Choose the correct combination:
1) a, b, c
2) a, c, d
3) b, c, e
4) b, d, e
Answer:
Refer to page 6 of the study guide:
Also refer to page 2 of the prescribed textbook:
1.1 Defining entrepreneur and entrepreneurship
Entrepreneurs have the ability to identify and seize an opportunity, and create and develop
a business by adding value to the business.
They do this by applying resources that include finance, time, effort, people and skills. They
are willing to take risks; and through their businesses they organise, manage and achieve
results.
Entrepreneurs can therefore be described as those people who:
• start their own business
• manage the business
• identify new products or opportunities
• seize opportunities
• create and innovate
• organise and control resources of capital, labour and materials to realise profit
BSM1501
Department of Business Management
Assignment 01 for Semester 02 (compulsory)
Unique Number 611268
PLEASE NOTE
Study Chapters 1 and 2 thoroughly before you answer this assignment.
MULTIPLE-CHOICE QUESTIONS
We recommend submitting your assignment online on myUnisa. You may also use a
markreading sheet to answer and submit the assignment.
Chapter 1
1. An entrepreneur can be described as someone who:
, a) works full-time in a lifestyle business.
b) is responsible for growth.
c) is known as a corporate entrepreneur.
d) is creative and innovative.
e) takes calculated risks.
Choose the correct combination:
1) a, b, c
2) a, c, d
3) b, c, e
4) b, d, e
Answer:
Refer to page 6 of the study guide:
Also refer to page 2 of the prescribed textbook:
1.1 Defining entrepreneur and entrepreneurship
Entrepreneurs have the ability to identify and seize an opportunity, and create and develop
a business by adding value to the business.
They do this by applying resources that include finance, time, effort, people and skills. They
are willing to take risks; and through their businesses they organise, manage and achieve
results.
Entrepreneurs can therefore be described as those people who:
• start their own business
• manage the business
• identify new products or opportunities
• seize opportunities
• create and innovate
• organise and control resources of capital, labour and materials to realise profit
