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MNB 1501 Assessment 2 2024
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MNB 1501 Assessment 2 2024
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Question 1Incorrect
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Question text
How many of the following statements would be correct for Southern
Sun Hotel Corporation (Pty)Ltd?
i. It requires at least one director.
ii.Shares can be listed on the stock exchange.
iii. There must be a memorandum of incorporation stipulating
certain restrictions regarding the transferability of their securities.
iv. Past and present directors are jointly and severally liable for
debts contracted during their terms of appointment.
a.
four
, b.
three
c.
two
d.
one
Feedback
Your answer is incorrect.
The correct answer is three. Southern Sun Hotel Corporation has
(Pty) Ltd at the end and is therefore a private company. The
statements that apply to private companies are: (i). It requires at
least one director; (iii). There must be a memorandum of
incorporation stipulating certain restrictions regarding the
transferability of their securities; and (iv). Past and present directors
are jointly and severally liable for debts contracted during their terms
of appointment. Refer to section 3.7.
The correct answer is:
three
Question 2
Incorrect
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Which one of the following is NOT one of the criteria used by
Woolworths to select the premises of its stores?
a.
The site should provide adequate security.
b.
There should be less convenient parking facilities.
c.
The premises should be located near other national retailers, banking
and other facilities.
d.
The building must comply with Woolworths' specifications of size,
quality of finish and so forth.
Feedback
Your answer is incorrect.
, The correct answer is there should be less convenient parking
facilities. This option is incorrect because there should be convenient
parking facilities. The other criteria are used by Woolworths to select
the premises of its stores. Refer to section 3.4.1.
The correct answer is:
There should be less convenient parking facilities.
Question 3
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Question text
Which one of the following represents the most important objective
of a business plan?
a.
It identifies and describes the nature of the business opportunity or
new venture.
b.
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