MNE 2601 answers

Tutorial Letter 201/1/2017 INTRODUCTION TO ENTREPRENEURSHIP AND SMALL BUSINESS MANAGEMENT MNE2601 Semester 1 Department of Entrepreneurship, Supply Chain, Transport, Tourism and Logistics Management (DESTTL) IMPORTANT INFORMATION This tutorial letter contains important information about your module. CONTENTS BARCO DE 2 Page 1 INTRODUCTION ..........................................................................................................................3 2 LECTURER(S) AND CONTACT DETAILS...................................................................................3 3 EXAMINATION GUIDELINES ......................................................................................................3 4 FEEDBACK ON ASSIGNMENTS.................................................................................................5 5 CONCLUDING REMARKS.........................................................................................................14 MNE2601/201/1/2017 3 1 INTRODUCTION Thank you for completing Assignments 01 and 02. We know that it is not always easy to adhere to due dates, and that most of you work under a lot of pressure because of work and personal commitments. This tutorial letter contains comments on Assignment 01 and 02 as indicated in Tutorial Letter 101/3/2017 2 LECTURER(S) AND CONTACT DETAILS 2.1 Lecturer(s) The contact details for the lecturer for this module are as follows: Lecturer e-mail address Ms WT Sami Primary Lecturer Details of other lecturers in the Section: Entrepreneurship are as follows: Lecturer e-mail address Mrs MJ Phillips Secondary Lecturer Ms NM Mmako Section Head: Entrepreneurship Only academic queries concerning the content of this module, and not administrative queries should be directed to the primary lecturer. Please have your study material with you, when contacting us. 3 EXAMINATION GUIDELINES Please note the following important information: 3.1Year mark To pass this module, you require a final mark of 50%. The assignments will contribute 20%, and the examination 80% to your final mark. You must obtain a subminimum of 40% in the examination, irrespective of the year mark obtained. You will therefore not pass the examination if your examination mark is less than 40%. Please refer to Tutorial Letter 101, 4 which you received when you registered for the module for more information on the calculation of the year mark. It also contains more details on the calculation of your final mark. Study the example below to see how the assignment mark (the weighted mark of the two assignments) will contribute to the final assessment mark. For example If you obtain 50% in Assignment 01, this mark is multiplied by 0.5 to give you 25% towards your year mark. If you obtain 60% in Assignment 02, this mark is multiplied by 0.5 to give you 30% towards your year mark. The total mark for Assignments 01 and 02 (25% + 30%) will constitute your final year mark of 55%. This figure is then calculated to give you a weight of 11% for your year mark (55% x 0.2). If you obtain 50% in the examination, this figure is multiplied by 0.8 to give you a weight of 40% for the examination mark. The two results are then combined to give you a final assessment of 51% (11% + 40%) for the module. 3.2 Examination Paper Study the following valuable information on the examination paper carefully:  The following chapters/study units will be covered in the examination paper: Chapters 1-12 of the prescribed textbook.  The examination paper may include some of the questions that appeared in the assignments.  Short, direct and/or indirect case studies will be included in the examination.  You must be able to define and describe concepts; give examples and explain what is meant by certain concepts.  Read each question carefully before answering it. Take note of key words such as “list” or “discuss”; and do what the question asks you to do. For example, if you are asked to list and discuss concepts, please do so. If you only list without discussing, you will only get part of the marks.  The examination paper is set in English and Afrikaans.  The examination paper counts 70 marks and comprises two sections (Section A and B).  Section A (30 marks) is compulsory and comprises 30 multiple-choice questions.  Section B comprises three questions worth 20 marks each, of which you must do two questions. Question 1 is compulsory, and you need to choose either question 2 or question 3.  Previous examination papers are available on myUnisa and the lecturer will not supply you with these.  The examination department will notify you of the examination date and time.  You are advised to study the model answers to Assignments 01, 02 and 03 (selfassessment) as part of your examination preparation. MNE2601/201/1/2017 5  Comprehensive details on the administration of examinations, including criteria and dates of supplementary examinations, are available on myUnisa under “Examinations”.  Several resources and tips are also available on myUnisa to assist you with stress management and other related issues during examination periods. 4 FEEDBACK ON ASSIGNMENTS Assignment 01 Question 1 The correct answer is 4. See page 102 of the prescribed textbook. An opportunity is an idea that is attractive, durable and timely as well as anchored in a product or service that creates and adds value for the end user.