MNE2601 assignments 2020-Q AND A.

ASSIGNMENT 1 SEMESTER 1 Entrepreneurs should be encouraged to have a sound understanding of their impact on others and acknowledge others’ interests as being as valid and significant as their own. According to Allis (2012), entrepreneurs and small-business managers need to conduct business using the values of Ubuntu. Choose the description that best describes each of the following values of Ubuntu as identified by Allis (2012). 1. To be forthright in all presentations and deliberation with others. Honest 2. Work both hard and intelligently and do not leave for tomorrow what can be done today. Work ethic 3. Maintain the ability to flow, learn and modify yourself to fit new surroundings and circumstances. Adaption 4. Put forth full and best attempt within the boundaries of proper physical and mental health. Best Effort 5. Understand that deliberate and careful accomplishments can be agents of change. Action 1 best effort 2 honesty 3 adaptation 4 action 5 work ethic 6. Do not give up or give in too soon, as long as a goal is worthy of the effort. Perseverance 7. Always be self-assured and optimistic and set realistic but ambitious goals. Confident 8. Uphold obligations and always strive to under promise and overdeliver. Commitmet 9. Recognise the unique humanity of those with whom one does business that is stakeholders. Acceptance 10. Scrutinise what you do and do not do and attempt to define and derive inherent laws, axioms, tenets, and guideposts based on the effects of these actions or inactions. Analysis MNE2601 assignments 2020-Q AND A. 1 commitment 2 perseverance 3 acceptance 4 analysis 5 confident ASSIGNMENT 2 SEMESTER 1 1. Scholars give many different interpretations of emerging economies. Which of the following represents the characteristic of trade within an emerging economy? 1 They choose to finance their own economies. 2 They prefer to trade among themselves. Pg 2 3 There is growth of inequality. 4 They have large debt burdens. 2. There are many characteristics of emerging economies that present opportunities for doing business. Which of the following is an opportunity that is present in South Africa as an emerging economy? 1 the rise of labour costs 2 high levels of unemployment 3 a risk-averse environment 4 an advanced banking system Pg 9 3. One of the benefits of regional co-operation as embodied in the South African Development Community (SADC) is ______. 1 loosening of border controls Pg 10 Table 1.3 2 intellectual property rights 3 labour disputes 4 environmental degradation 4. A ______ enterprise has a turnover that is less than the VAT registration limit, which is R150 000 per year. 1 micro Pg 15 Table 2.1 2 very small 3 survivalist 4 small 5. One of the advantages of a ______ is that the responsibility of managing the business is shared. 1 sole trader 2 partnership Pg 7 3 private company 4 public company 6. The fact that a business can exist independently of its owners refers to ______. 1 ownership 2 division of income 3 legal personality Pg 19 4 management 7. Changes in ______ offers opportunities such as e-commerce, where products and services can be sold via the internet. 1 society 2 technology Pg 20 3 politics 4 environment 8. One of the reasons a ______ is carried out, is to use customer feedback to help tweak the business idea. This is done by asking potential customers to offer comments or make suggestions on how the idea could be improved. 1 feasibility study 2 concept test Pg 28 3 prototype 4 product analysis