BPT1501 Assignment 3 Semester 2 2023 || Verified
Business Practice Assignment Solutions
Description: BPT1501 Assignment 3 (Semester 2, 2023) with verified answers
covering foundational business practices, ethics, and workplace communication.
Suitable for entry-level business students.
Keywords: BPT1501 assignment 3 2023 business practice unisa workplace ethics
answers verified business study guide semester 2 assignment
Section 1: Introduction to Business Practice & The Business Environment
(Q1-20)
1. What is the primary purpose of a business in a capitalist society?
a) To provide social services
b) To maximise shareholder value
c) To employ as many people as possible
d) To be regulated by the government
2. Which element is part of a business's internal environment?
a) Competitors
b) Customers
c) Employees
d) Legislation
3. The macro-environment of a business is best analysed using which
framework?
a) SWOT Analysis
b) PESTLE Analysis
c) Porter's Five Forces
d) Value Chain Analysis
,4. 'S' in a PESTLE analysis stands for:
a) Strategy
b) Social
c) System
d) Supply
5. A sudden change in interest rates is an example of a change in which macro-
environmental factor?
a) Political
b) Economic
c) Social
d) Technological
6. What does CSR stand for?
a) Corporate Social Responsibility
b) Customer Service Relations
c) Company Standard Regulation
d) Central Strategic Resource
7. The triple bottom line concept emphasises which three pillars?
a) Profit, Product, Promotion
b) People, Planet, Profit
c) Policy, Procedure, Practice
d) Production, Planning, Performance
8. A business that focuses on meeting the needs of the present without
compromising the future is practicing:
a) Corporate governance
b) Sustainability
c) Monopolisation
d) Deregulation
9. Which of the following is an example of a non-profit organisation?
a) Private Limited Company
b) Public Listed Company
, c) Charity
d) Partnership
10. Globalisation refers to:
a) The process of international integration arising from the interchange of world
views, products, ideas, and culture.
b) The practice of only operating within a single country's borders.
c) The nationalisation of private industries.
d) The decline of international trade.
11. A key challenge of the South African business environment is often cited
as:
a) Lack of natural resources
b) Political and economic instability
c) Overpopulation
d) Excessive technological advancement
12. The 'L' in PESTLE stands for:
a) Logistics
b) Legal
c) Labour
d) Liquidity
13. Which stakeholder group is typically most interested in a company's
dividend payments?
a) Employees
b) Government
c) Shareholders
d) Suppliers
14. Micro-environment factors are:
a) Broad societal forces
b) Factors that the business has some control over
c) Global economic trends
d) Unchangeable and fixed
Business Practice Assignment Solutions
Description: BPT1501 Assignment 3 (Semester 2, 2023) with verified answers
covering foundational business practices, ethics, and workplace communication.
Suitable for entry-level business students.
Keywords: BPT1501 assignment 3 2023 business practice unisa workplace ethics
answers verified business study guide semester 2 assignment
Section 1: Introduction to Business Practice & The Business Environment
(Q1-20)
1. What is the primary purpose of a business in a capitalist society?
a) To provide social services
b) To maximise shareholder value
c) To employ as many people as possible
d) To be regulated by the government
2. Which element is part of a business's internal environment?
a) Competitors
b) Customers
c) Employees
d) Legislation
3. The macro-environment of a business is best analysed using which
framework?
a) SWOT Analysis
b) PESTLE Analysis
c) Porter's Five Forces
d) Value Chain Analysis
,4. 'S' in a PESTLE analysis stands for:
a) Strategy
b) Social
c) System
d) Supply
5. A sudden change in interest rates is an example of a change in which macro-
environmental factor?
a) Political
b) Economic
c) Social
d) Technological
6. What does CSR stand for?
a) Corporate Social Responsibility
b) Customer Service Relations
c) Company Standard Regulation
d) Central Strategic Resource
7. The triple bottom line concept emphasises which three pillars?
a) Profit, Product, Promotion
b) People, Planet, Profit
c) Policy, Procedure, Practice
d) Production, Planning, Performance
8. A business that focuses on meeting the needs of the present without
compromising the future is practicing:
a) Corporate governance
b) Sustainability
c) Monopolisation
d) Deregulation
9. Which of the following is an example of a non-profit organisation?
a) Private Limited Company
b) Public Listed Company
, c) Charity
d) Partnership
10. Globalisation refers to:
a) The process of international integration arising from the interchange of world
views, products, ideas, and culture.
b) The practice of only operating within a single country's borders.
c) The nationalisation of private industries.
d) The decline of international trade.
11. A key challenge of the South African business environment is often cited
as:
a) Lack of natural resources
b) Political and economic instability
c) Overpopulation
d) Excessive technological advancement
12. The 'L' in PESTLE stands for:
a) Logistics
b) Legal
c) Labour
d) Liquidity
13. Which stakeholder group is typically most interested in a company's
dividend payments?
a) Employees
b) Government
c) Shareholders
d) Suppliers
14. Micro-environment factors are:
a) Broad societal forces
b) Factors that the business has some control over
c) Global economic trends
d) Unchangeable and fixed
