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MNB1501Assignment 2 2023

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In the _______________ section of the business plan, Herman Heunis will identify the “key
role players”: the active investors, management team and directors; as well as cite the
experience and competence they possess.

Select one:

a.
management plan

b.
operating plan

c.
general company description

d.
executive summary
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The correct answer is: management plan

Question 2
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Which one of the following statements is true for a partnership?

Select one:

a.
The continued existence of the partnership is not dependent on the legal capacity of the
partners. .

b.
The partners are jointly liable for all claims made against the partnership.

c.
The partnership has a separate estate from its partners and their personal assets.

d.
The partnership is regarded as a separate taxpayer.
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, The correct answer is: The partners are jointly liable for all claims made against the
partnership.

Question 3
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MXit’s name and location will be included in the ____________ of the business plan.

Select one:

a.
executive summary

b.
management plan

c.
general company description

d.
operating plan
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The correct answer is: general company description

Question 4
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Question text
JTX Incorporated is an example of a __________ company.

Select one:

a.
state owned

b.
public

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