MNB1601 May/Jun 2014 exam paper — questions

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  1. Question 1 · Operations management · 1 marks

    Refer to the extract from Case Study 7, 'Air traffic operations excellence', which explains that the importance of production and operations management (POM) and the operations system becomes obvious when a person's life depends on it, since no airline passenger wants to know that some airlines, airports or aircraft are of poor standard while others are good - there should only be one standard of excellence, especially when a plane is airborne. In the airline industry, operations systems are extremely important because passengers' lives depend on them, and operational failures are often catastrophic. Which one of the following is a mechanism used to detect such failures?Show the full question

  2. Question 2 · Operations management · 1 marks

    Continuing with the airline case study extract about the importance of operations systems, there are many critical events that determine whether a flight reaches its destination safely. If a specific type of aircraft experiences a problem where the landing gear becomes stuck after take-off, this would be regarded as a certain type of failure. Identify the correct type of failure from the options given.Show the full question

  3. Question 3 · Operations management · 1 marks

    Sarah owns a factory that produces fine quality chocolate. Since signing a large contract with Woolworths, the factory's operations have fallen behind and it has been unable to meet the demand created by Woolworths' big orders. Sarah needs to dramatically improve her operations if she is to honour the contract. Match the performance standard she can use to evaluate overall performance (Column A) with the correct description (Column B). Column A lists: a. Historical performance standards; b. Target performance standards; c. Competitors' performance standards; d. Absolute performance standards. Column B lists: i. Sarah's present performance is compared to that of Nestle Chocolates; ii. Sarah's performance is compared to the standards set by Woolworths that serve as a guideline for supplier performance; iii. Sarah compares her present performance to that of the previous year; iv. Sarah compares her current performance to the maximum achievable performance standards set for the chocolate industry; v. Sarah compares her past performance to the maximum achievable performance standards set for the chocolate industry. Select the option that correctly matches each letter in Column A to the corresponding numeral in Column B.Show the full question

  4. Question 4 · Operations management · 1 marks

    Identify which type of operations system a jeweller is an example of, by selecting the most appropriate term from the options provided.Show the full question

  5. Question 5 · Operations management · 1 marks

    Thabo works for a company that supplies various airlines with blankets that passengers can use during flights to stay warm. The company has designed a new pillow it wishes to introduce to airlines, and Thabo is responsible for developing a prototype of the pillow, which will then be tested by various airlines. Determine which stage in the design of a product this scenario illustrates.Show the full question

  6. Question 6 · Operations management · 1 marks

    Determine what type of facility layout would typically be used for the construction site of a stadium built for a mega sports event.Show the full question

  7. Question 7 · Operations management · 1 marks

    Select the option that correctly completes the definition: in operations management, capacity is defined as the blank level of value-added activity over a period of time or at a specific time that a process can achieve under a certain type of operating circumstances, as described in each of the four options given.Show the full question

  8. Question 8 · Operations management · 1 marks

    Complete the statement: the blank of output refers to how much of the operation's activities the customers or clients experience themselves or are exposed to. Choose the correct term to fill the blank.Show the full question

  9. Question 9 · Operations management · 1 marks

    The popular steakhouse Spur has made it their mission to do things right every time a customer decides to dine with them, from taking the customer's dining orders to entertaining the little ones. Determine what this approach will lead to, by selecting the correct completion of the sentence: this approach will lead to blank.Show the full question

  10. Question 10 · Operations management · 1 marks

    Owing to high popularity, airlines charge travellers high rates during peak times such as the December holidays, while during off-season periods they often offer much lower rates in the hope of attracting travellers so as to fill up their capacity. Determine what type of capacity plan is used here to accommodate variations in demand.Show the full question

  11. Question 11 · Operations management · 1 marks

    The passengers transported by the TGV, France's high-speed passenger train, from one destination to another are part of a specific element in the transformation model. Identify which element of the transformation model these passengers form part of.Show the full question

  12. Question 12 · Operations management · 1 marks

    Consider the following statements concerning the basic layout types used in the design of operations processes: a. the fixed position layout is used where the product cannot be shifted on account of its size, shape or location; b. the process layout is used where the different operations are arranged in consecutive order; c. the product layout is used where similar operations are grouped together into sections; d. the cellular layout is used where certain processes are placed in a cell and the particular cell is then arranged according to either a process or a product layout. Determine which of these statements are correct.Show the full question

  13. Question 13 · Operations management · 1 marks

    Consider the following characteristics with regard to the service which a private trainer at the local gym renders: a. outputs are not kept in stock; b. there is little customer contact; c. large production facilities are used; d. quality is difficult to measure. Determine which of these characteristics are correct for such a service.Show the full question

  14. Question 14 · Operations management · 1 marks

    As the manager of Shoes Ltd, Taylor determines the priority areas of improvement within the company. There are two divergent approaches Taylor can follow. If Taylor decides to make more regular, but smaller, changes to the operations process of Shoes Ltd, determine which type of improvement he is making use of.Show the full question

  15. Question 15 · Human resource management · 1 marks

    Mary Mashego is the human resources manager of KZB Computers, a company situated in Durban. She has decided to fill a vacant financial-analyst post through head-hunting. Given that head-hunting is her chosen method, by which of the following means will Mary actually have to recruit?Show the full question

  16. Question 16 · Human resource management · 1 marks

    Once Mary Mashego has finished the preliminary screening of the applicants for the financial-analyst position at KZB Computers, she still has to carry out an intensive assessment. This intensive assessment consists of two steps: a first type of testing and a second type of interviewing (the blanks in the original question ask which type of testing and which type of interviewing these are).Show the full question

  17. Question 17 · Human resource management · 1 marks

    Read the following extract from case study 7, 'Air traffic operations excellence': flight and crew scheduling is a very complex process, and a master production schedule (MPS) of flights, based on forecasts and actual bookings, can be exploded (disaggregated) to work out all the resources needed to support the MPS. In service industries such as airlines, the workforce schedule always takes higher priority than other resources, and this staff plan can also be shaped by legal requirements — for example, Air New Zealand must always keep a minimum number of flight attendants on duty. Given that human-resource planning at Air New Zealand is vital for meeting legal requirements such as this minimum-staffing rule, during which step of human-resource planning is the actual number of employees needed determined?Show the full question

  18. Question 18 · Human resource management · 1 marks

    Continuing from the same case study 7 extract on Air New Zealand's flight and crew scheduling (where the master production schedule is disaggregated to determine resource needs and workforce planning is influenced by legal minimum-staffing rules): when drawing up staff plans, human-resource specialists also need to work out which air hostesses will look after the business-class passengers and exactly what tasks each air hostess will carry out. Which part of the job process does this represent — the job blank in question is completed by which of the following terms?Show the full question

  19. Question 19 · Human resource management · 1 marks

    According to Vroom's expectancy theory, one particular concept describes the strength of a person's belief that achieving a certain level of performance will lead to a specific outcome. Which term correctly completes this description?Show the full question

  20. Question 20 · Human resource management · 1 marks

    Lizzie is the human resources manager at a game lodge in the Western Cape. She has noticed that many of her game rangers seem unmotivated: they arrive late for game drives and ignore requests from clients. After investigating, Lizzie identifies three categories of needs affecting her staff's motivation levels: existence needs, relatedness needs and growth needs. Which motivation theory is Lizzie referring to when she identifies these three types of needs?Show the full question

  21. Question 21 · Human resource management · 1 marks

    Hazel Luscht's salary advice (pay slip), dated 2014-05-25, shows the following details: a basic salary of R6 500,00; PAYE of R3 080,00; medical aid of R1 000,00; UIF of R115,00; a pension-plan contribution of R850,00; a housing subsidy of R600,00; a bonus of R2 000,00; and leave credit consisting of 10 days' vacation leave and 12 days' sick leave. Based on this information, which combination of these items would be regarded as part of Hazel's indirect compensation?Show the full question

  22. Question 22 · Human resource management · 1 marks

    Edcon has invested 4,6% of its total payroll into learning and development, and it offers bursaries to permanent staff members to encourage them to further their education. By doing so, which category of needs, according to Maslow's hierarchy of needs, is Edcon satisfying?Show the full question

  23. Question 23 · Human resource management · 1 marks

    Which method of job analysis is particularly well suited to analysing the job of an unskilled worker?Show the full question

  24. Question 24 · Human resource management · 1 marks

    A company informs its line managers that performance appraisals will be conducted throughout the year. For what purpose will the resulting performance information be used?Show the full question

  25. Question 25 · Human resource management · 1 marks

    When an employee experiences equity tension, several actions can be taken to restore equity: (a) the employee may leave the job; (b) the employee may change his or her attitude; (c) the employee may change inputs; (d) the employee may change outputs. Which combination of these represents correct ways of restoring equity?Show the full question

  26. Question 26 · Human resource management · 1 marks

    Air traffic controllers are said to have among the most stressful jobs, with some handling up to 100 landings and take-offs per hour. Which part of the job process for an air traffic controller would indicate that a high tolerance for stress is essential for the position?Show the full question

  27. Question 27 · Human resource management · 1 marks

    Edcon offers a performance-based reward incentive that takes into account both the individual employee's performance and the performance of the group. Which one of the following statements correctly describes this type of reward incentive?Show the full question

  28. Question 28 · Human resource management · 1 marks

    It is Andria's first day working as a paralegal at SS Attorneys. The HR manager has taken her around the office and introduced her to her fellow colleagues, and has also explained the organisational structure and policies of SS Attorneys to her. What is this process, in which a new employee is shown around and told about the organisation's structure and policies, referred to as?Show the full question

  29. Question 29 · Marketing management · 1 marks

    Referring back to case study 8, 'The beer war in South Africa – two multinational corporations fighting for market share', consider the following extract: SAB decided to withdraw its 'Grootman of Laaitie? Vra vir die volle 750ml' ('Big man or Little Boy? Ask for the full 750ml') advertisement after consumers complained that it linked excessive drinking with masculinity. The wording 'Grootman of Laaitie?' that formed part of this withdrawn SAB advertisement represents which element of the advertising message?Show the full question

  30. Question 30 · Marketing management · 1 marks

    Still referring to SAB's decision to withdraw the 'Grootman of Laaitie?' advertisement after the outcry from consumers, this action shows that SAB was adhering to which principle of the marketing concept?Show the full question

  31. Question 31 · Marketing management · 1 marks

    Vuyo owns a large store in Polokwane that is well known for its high stock turnover and its low prices. Based on this description, what type of retailer does Vuyo own?Show the full question

  32. Question 32 · Marketing management · 1 marks

    DoingBusiness is a company that conducts market research for major South African businesses. Chips 'n Sticks has hired DoingBusiness to conduct research on its behalf. DoingBusiness decides to carry out the survey among 500 people aged between 30 and 40 who fall into the middle- to high-income group. This decision relates to which step in the survey research process?Show the full question

  33. Question 33 · Marketing management · 1 marks

    Nooka manages a game lodge in the Northern Cape and frequently advertises the lodge's standard rooms at exceptionally low prices. However, whenever clients phone to book, they are told these rooms are always 'booked out', and they are then persuaded to book the more expensive superior rooms instead. What type of pricing strategy is Nooka using?Show the full question

  34. Question 34 · Marketing management · 1 marks

    Thandi wants a pair of Diesel jeans but first considers whether she can actually afford them. This deliberation illustrates which process of consumer behaviour?Show the full question

  35. Question 35 · Marketing management · 1 marks

    Lexus vehicles are advertised in prestigious magazines and sold through exclusive dealerships at a much higher price than the Toyota RAV4. This positioning illustrates which marketing concept?Show the full question

  36. Question 36 · Marketing management · 1 marks

    Q Jewellery is a newly opened jewellery store in a busy shopping centre. Because the store wants to penetrate the market rapidly, its initial prices are set quite low, even though the blue and silver packaging in which the jewellery is sold is distinctively unique. Which statement correctly describes Q Jewellery's approach?Show the full question

  37. Question 37 · Marketing management · 1 marks

    Consider the following scenario: after Danny's car breaks down for the third time, he decides to buy a new one. He recalls that his friend Susan had a bad experience with her Fiat, and after visiting several dealers he decides to choose between a Toyota or a Volkswagen. He compares all the information he gathered about the Toyota Yaris and the Volkswagen Polo and ultimately decides to buy the Yaris. After the purchase, he wonders if he made the right choice, but seeing new advertisements about the Yaris's features reassures him that he made the correct decision. When Danny recalls Susan's bad experience with her Fiat, what stage of the decision-making process does this represent?Show the full question

  38. Question 38 · Marketing management · 1 marks

    Continuing with the scenario of Danny buying his new Toyota Yaris after comparing it with the Volkswagen Polo, the advertisements that reassure him after his purchase are directed at him during which phase of the consumer decision-making process?Show the full question

  39. Question 39 · Marketing management · 1 marks

    Red Square sells internationally and nationally branded cosmetics to men and women in the middle and higher income bracket. If Red Square were to distribute samples of the new Paco Rabanne fragrance to the general public in order to introduce this new product, what would this promotional activity be known as?Show the full question

  40. Question 40 · Marketing management · 1 marks

    Samantha has an impulsive personality. Whenever she feels the urge to walk into a Mr Price Home store, she ends up buying several items, usually on impulse. If Mr Price Home decided to segment its market based on customers like Samantha, which type of segmentation would it be using?Show the full question

  41. Question 41 · Marketing management · 1 marks

    Thandi is an avid beer drinker who has recently travelled through Russia and now prefers the premium Russian beer over South African beer. Even though she knows she cannot buy this Russian beer in South Africa, she refuses to accept a substitute. Which phase of brand loyalty is Thandi moving through?Show the full question

  42. Question 42 · Marketing management · 1 marks

    During which phase of the integrated marketing strategy does advertising rely on an emotional message to persuade consumers?Show the full question

  43. Question 43 · Financial management · 1 marks

    This block covers the Financial Management section. Two reference tables of discounting factors are supplied for present values and future values, each listed for periods 1 to 5 at 5%, 10% and 15% interest. The present-value discounting factors are: period 1 - 0,9524 (5%), 0,9091 (10%), 0,8696 (15%); period 2 - 0,9070, 0,8264, 0,7561; period 3 - 0,8638, 0,7513, 0,6575; period 4 - 0,8227, 0,6830, 0,5718; period 5 - 0,7835, 0,6209, 0,4972. The future-value discounting factors are: period 1 - 1,0500, 1,1000, 1,1500; period 2 - 1,1025, 1,2100, 1,3225; period 3 - 1,1576, 1,3310, 1,5209; period 4 - 1,2155, 1,4641, 1,7490; period 5 - 1,2763, 1,6105, 2,0114. Candidates should use these tables where needed to answer the questions below. You are given data on two capital projects, both discounted at 10%. Project X requires an initial investment of R100 000 and Project Y requires R180 000. Project X's net cash flows are R20 000 at T=1, R30 000 at T=2, R50 000 at T=3 and R10 000 at T=4 (printed as T=3 in the table). Project Y's net cash flows are R90 000 at T=1, R150 000 at T=2, R60 000 at T=3 and R30 000 at T=4 (also printed as T=3). What are the net present values (NPV) for Project X and Project Y respectively?Show the full question

  44. Question 44 · Financial management · 1 marks

    This block covers the Financial Management section. Two reference tables of discounting factors are supplied for present values and future values, each listed for periods 1 to 5 at 5%, 10% and 15% interest. The present-value discounting factors are: period 1 - 0,9524 (5%), 0,9091 (10%), 0,8696 (15%); period 2 - 0,9070, 0,8264, 0,7561; period 3 - 0,8638, 0,7513, 0,6575; period 4 - 0,8227, 0,6830, 0,5718; period 5 - 0,7835, 0,6209, 0,4972. The future-value discounting factors are: period 1 - 1,0500, 1,1000, 1,1500; period 2 - 1,1025, 1,2100, 1,3225; period 3 - 1,1576, 1,3310, 1,5209; period 4 - 1,2155, 1,4641, 1,7490; period 5 - 1,2763, 1,6105, 2,0114. Candidates should use these tables where needed to answer the questions below. Donald deposits money into an account earning 10% annual interest: R1 000 at the beginning of year 1, R2 000 at the beginning of year 2, and R800 at the beginning of year 4. How much will Donald have accumulated by the end of year 5?Show the full question

  45. Question 45 · Financial management · 1 marks

    This block covers the Financial Management section. Two reference tables of discounting factors are supplied for present values and future values, each listed for periods 1 to 5 at 5%, 10% and 15% interest. The present-value discounting factors are: period 1 - 0,9524 (5%), 0,9091 (10%), 0,8696 (15%); period 2 - 0,9070, 0,8264, 0,7561; period 3 - 0,8638, 0,7513, 0,6575; period 4 - 0,8227, 0,6830, 0,5718; period 5 - 0,7835, 0,6209, 0,4972. The future-value discounting factors are: period 1 - 1,0500, 1,1000, 1,1500; period 2 - 1,1025, 1,2100, 1,3225; period 3 - 1,1576, 1,3310, 1,5209; period 4 - 1,2155, 1,4641, 1,7490; period 5 - 1,2763, 1,6105, 2,0114. Candidates should use these tables where needed to answer the questions below. Read the extract from case study 10 on International Business Machines Corporation (IBM): in 1991 IBM's revenues approached $67 billion; although profits had dropped slightly from the 1984 peak of $6.5 billion, its common stock still commanded a price-earnings ratio of over 100. Four years later, in 1993, IBM was among the biggest loss-makers in corporate history, reporting a record $5.46 billion loss for the fourth quarter of 1992 (announced on 19 January 1993). Given that IBM noted revenue (income) of $67 billion in 1991, which formula would they have used to calculate this figure?Show the full question

  46. Question 46 · Financial management · 1 marks

    This block covers the Financial Management section. Two reference tables of discounting factors are supplied for present values and future values, each listed for periods 1 to 5 at 5%, 10% and 15% interest. The present-value discounting factors are: period 1 - 0,9524 (5%), 0,9091 (10%), 0,8696 (15%); period 2 - 0,9070, 0,8264, 0,7561; period 3 - 0,8638, 0,7513, 0,6575; period 4 - 0,8227, 0,6830, 0,5718; period 5 - 0,7835, 0,6209, 0,4972. The future-value discounting factors are: period 1 - 1,0500, 1,1000, 1,1500; period 2 - 1,1025, 1,2100, 1,3225; period 3 - 1,1576, 1,3310, 1,5209; period 4 - 1,2155, 1,4641, 1,7490; period 5 - 1,2763, 1,6105, 2,0114. Candidates should use these tables where needed to answer the questions below. Continuing with the IBM case study, in 1993 IBM was one of the biggest loss-makers in corporate history. A loss results when a certain figure exceeds another. Which pair of terms correctly completes the statement 'a loss results when the ___ exceeds the ___'?Show the full question

  47. Question 47 · Financial management · 1 marks

    This block covers the Financial Management section. Two reference tables of discounting factors are supplied for present values and future values, each listed for periods 1 to 5 at 5%, 10% and 15% interest. The present-value discounting factors are: period 1 - 0,9524 (5%), 0,9091 (10%), 0,8696 (15%); period 2 - 0,9070, 0,8264, 0,7561; period 3 - 0,8638, 0,7513, 0,6575; period 4 - 0,8227, 0,6830, 0,5718; period 5 - 0,7835, 0,6209, 0,4972. The future-value discounting factors are: period 1 - 1,0500, 1,1000, 1,1500; period 2 - 1,1025, 1,2100, 1,3225; period 3 - 1,1576, 1,3310, 1,5209; period 4 - 1,2155, 1,4641, 1,7490; period 5 - 1,2763, 1,6105, 2,0114. Candidates should use these tables where needed to answer the questions below. The financial manager of B Boost Ltd wants to use more long-term funds to finance the company's current assets. Which approach would be appropriate for this strategy - a/an ___ approach?Show the full question

  48. Question 48 · Financial management · 1 marks

    This block covers the Financial Management section. Two reference tables of discounting factors are supplied for present values and future values, each listed for periods 1 to 5 at 5%, 10% and 15% interest. The present-value discounting factors are: period 1 - 0,9524 (5%), 0,9091 (10%), 0,8696 (15%); period 2 - 0,9070, 0,8264, 0,7561; period 3 - 0,8638, 0,7513, 0,6575; period 4 - 0,8227, 0,6830, 0,5718; period 5 - 0,7835, 0,6209, 0,4972. The future-value discounting factors are: period 1 - 1,0500, 1,1000, 1,1500; period 2 - 1,1025, 1,2100, 1,3225; period 3 - 1,1576, 1,3310, 1,5209; period 4 - 1,2155, 1,4641, 1,7490; period 5 - 1,2763, 1,6105, 2,0114. Candidates should use these tables where needed to answer the questions below. Edcon's Edgars stores need cash in their registers to process customers' cash transactions. Which one of the following would represent a cost of holding cash for Edcon?Show the full question

  49. Question 49 · Financial management · 1 marks

    This block covers the Financial Management section. Two reference tables of discounting factors are supplied for present values and future values, each listed for periods 1 to 5 at 5%, 10% and 15% interest. The present-value discounting factors are: period 1 - 0,9524 (5%), 0,9091 (10%), 0,8696 (15%); period 2 - 0,9070, 0,8264, 0,7561; period 3 - 0,8638, 0,7513, 0,6575; period 4 - 0,8227, 0,6830, 0,5718; period 5 - 0,7835, 0,6209, 0,4972. The future-value discounting factors are: period 1 - 1,0500, 1,1000, 1,1500; period 2 - 1,1025, 1,2100, 1,3225; period 3 - 1,1576, 1,3310, 1,5209; period 4 - 1,2155, 1,4641, 1,7490; period 5 - 1,2763, 1,6105, 2,0114. Candidates should use these tables where needed to answer the questions below. Toyota's production process focuses on efficiency, which requires accurately measuring outputs. These outputs include the material and labour costs of each production item, as well as estimated overhead costs. Which budget would you recommend Toyota use to measure this efficiency?Show the full question

  50. Question 50 · Financial management · 1 marks

    This block covers the Financial Management section. Two reference tables of discounting factors are supplied for present values and future values, each listed for periods 1 to 5 at 5%, 10% and 15% interest. The present-value discounting factors are: period 1 - 0,9524 (5%), 0,9091 (10%), 0,8696 (15%); period 2 - 0,9070, 0,8264, 0,7561; period 3 - 0,8638, 0,7513, 0,6575; period 4 - 0,8227, 0,6830, 0,5718; period 5 - 0,7835, 0,6209, 0,4972. The future-value discounting factors are: period 1 - 1,0500, 1,1000, 1,1500; period 2 - 1,1025, 1,2100, 1,3225; period 3 - 1,1576, 1,3310, 1,5209; period 4 - 1,2155, 1,4641, 1,7490; period 5 - 1,2763, 1,6105, 2,0114. Candidates should use these tables where needed to answer the questions below. K-ZEE Ltd, a local manufacturer of a South African soccer team's jerseys, has a fixed cost of R150 000 per year. The variable cost per jersey is R250, and jerseys are sold at R450 each. How much profit will K-ZEE Ltd make if they sell 1000 jerseys?Show the full question

  51. Question 51 · Financial management · 1 marks

    This block covers the Financial Management section. Two reference tables of discounting factors are supplied for present values and future values, each listed for periods 1 to 5 at 5%, 10% and 15% interest. The present-value discounting factors are: period 1 - 0,9524 (5%), 0,9091 (10%), 0,8696 (15%); period 2 - 0,9070, 0,8264, 0,7561; period 3 - 0,8638, 0,7513, 0,6575; period 4 - 0,8227, 0,6830, 0,5718; period 5 - 0,7835, 0,6209, 0,4972. The future-value discounting factors are: period 1 - 1,0500, 1,1000, 1,1500; period 2 - 1,1025, 1,2100, 1,3225; period 3 - 1,1576, 1,3310, 1,5209; period 4 - 1,2155, 1,4641, 1,7490; period 5 - 1,2763, 1,6105, 2,0114. Candidates should use these tables where needed to answer the questions below. Still considering K-ZEE Ltd, which has a fixed cost of R150 000 per year, a variable cost per jersey of R250, and a selling price of R450 per jersey, if the company's fixed cost decreases by R50 000, how many jerseys must they sell to achieve a profit of R200 000?Show the full question

  52. Question 52 · Financial management · 1 marks

    This block covers the Financial Management section. Two reference tables of discounting factors are supplied for present values and future values, each listed for periods 1 to 5 at 5%, 10% and 15% interest. The present-value discounting factors are: period 1 - 0,9524 (5%), 0,9091 (10%), 0,8696 (15%); period 2 - 0,9070, 0,8264, 0,7561; period 3 - 0,8638, 0,7513, 0,6575; period 4 - 0,8227, 0,6830, 0,5718; period 5 - 0,7835, 0,6209, 0,4972. The future-value discounting factors are: period 1 - 1,0500, 1,1000, 1,1500; period 2 - 1,1025, 1,2100, 1,3225; period 3 - 1,1576, 1,3310, 1,5209; period 4 - 1,2155, 1,4641, 1,7490; period 5 - 1,2763, 1,6105, 2,0114. Candidates should use these tables where needed to answer the questions below. Bank overdrafts are classified as which of the following?Show the full question

  53. Question 53 · Financial management · 1 marks

    This block covers the Financial Management section. Two reference tables of discounting factors are supplied for present values and future values, each listed for periods 1 to 5 at 5%, 10% and 15% interest. The present-value discounting factors are: period 1 - 0,9524 (5%), 0,9091 (10%), 0,8696 (15%); period 2 - 0,9070, 0,8264, 0,7561; period 3 - 0,8638, 0,7513, 0,6575; period 4 - 0,8227, 0,6830, 0,5718; period 5 - 0,7835, 0,6209, 0,4972. The future-value discounting factors are: period 1 - 1,0500, 1,1000, 1,1500; period 2 - 1,1025, 1,2100, 1,3225; period 3 - 1,1576, 1,3310, 1,5209; period 4 - 1,2155, 1,4641, 1,7490; period 5 - 1,2763, 1,6105, 2,0114. Candidates should use these tables where needed to answer the questions below. Itu owns his own business, and the current bank account of the business has a positive balance of R35 000. He intends to use this money within eight months for needs within the business. On the balance sheet, how would this amount be classified - as a/an ___?Show the full question

  54. Question 54 · Financial management · 1 marks

    This block covers the Financial Management section. Two reference tables of discounting factors are supplied for present values and future values, each listed for periods 1 to 5 at 5%, 10% and 15% interest. The present-value discounting factors are: period 1 - 0,9524 (5%), 0,9091 (10%), 0,8696 (15%); period 2 - 0,9070, 0,8264, 0,7561; period 3 - 0,8638, 0,7513, 0,6575; period 4 - 0,8227, 0,6830, 0,5718; period 5 - 0,7835, 0,6209, 0,4972. The future-value discounting factors are: period 1 - 1,0500, 1,1000, 1,1500; period 2 - 1,1025, 1,2100, 1,3225; period 3 - 1,1576, 1,3310, 1,5209; period 4 - 1,2155, 1,4641, 1,7490; period 5 - 1,2763, 1,6105, 2,0114. Candidates should use these tables where needed to answer the questions below. Which term describes the process used to calculate the future value of an initial investment by adding interest to the investment amount at the end of each preceding period?Show the full question

  55. Question 55 · Financial management · 1 marks

    This block covers the Financial Management section. Two reference tables of discounting factors are supplied for present values and future values, each listed for periods 1 to 5 at 5%, 10% and 15% interest. The present-value discounting factors are: period 1 - 0,9524 (5%), 0,9091 (10%), 0,8696 (15%); period 2 - 0,9070, 0,8264, 0,7561; period 3 - 0,8638, 0,7513, 0,6575; period 4 - 0,8227, 0,6830, 0,5718; period 5 - 0,7835, 0,6209, 0,4972. The future-value discounting factors are: period 1 - 1,0500, 1,1000, 1,1500; period 2 - 1,1025, 1,2100, 1,3225; period 3 - 1,1576, 1,3310, 1,5209; period 4 - 1,2155, 1,4641, 1,7490; period 5 - 1,2763, 1,6105, 2,0114. Candidates should use these tables where needed to answer the questions below. Study IBM's financial statements for the years ended 31 December 2010, 2009 and 2008. Current assets were R48 116 000, R48 935 000 and R49 004 000 respectively. Current liabilities were R40 562 000, R36 002 000 and R42 435 000. Inventory was R2 450 000, R2 494 000 and R2 701 000. Total liabilities were R90 405 000, R86 385 000 and R96 058 000. Total assets were R113 452 000, R109 022 000 and R109 524 000. Net income was R14 833 000, R13 425 000 and R12 334 000. Gross profit was R46 014 000, R43 785 000 and R45 661 000. Sales were R99 870 000, R95 758 000 and R103 630 000. Based on this information, what is the acid-test ratio for the year 2008?Show the full question

  56. Question 56 · Financial management · 1 marks

    This block covers the Financial Management section. Two reference tables of discounting factors are supplied for present values and future values, each listed for periods 1 to 5 at 5%, 10% and 15% interest. The present-value discounting factors are: period 1 - 0,9524 (5%), 0,9091 (10%), 0,8696 (15%); period 2 - 0,9070, 0,8264, 0,7561; period 3 - 0,8638, 0,7513, 0,6575; period 4 - 0,8227, 0,6830, 0,5718; period 5 - 0,7835, 0,6209, 0,4972. The future-value discounting factors are: period 1 - 1,0500, 1,1000, 1,1500; period 2 - 1,1025, 1,2100, 1,3225; period 3 - 1,1576, 1,3310, 1,5209; period 4 - 1,2155, 1,4641, 1,7490; period 5 - 1,2763, 1,6105, 2,0114. Candidates should use these tables where needed to answer the questions below. Using the same IBM financial statement figures for 2010, 2009 and 2008 (current assets, current liabilities, inventory, total liabilities, total assets, net income, gross profit and sales as given), what is the gross profit margin for the year 2010?Show the full question

  57. Question 57 · Purchasing and supply management · 1 marks

    According to case study 9 on Toyota's purchasing function, Toyota aims to keep its inventory to a minimum by using the JIT (just-in-time) system: nothing is produced until the customer requests it, and thereafter nothing is purchased until the production process begins and materials are requested from the supplier - materials are therefore 'pulled' from their source and never 'pushed' into the process. Given that Toyota purchases material only just before it is needed, and that this approach is especially effective during boom periods when economic activity is high, complete the statement: this works well provided that...Show the full question

  58. Question 58 · Purchasing and supply management · 1 marks

    Still referring to the Toyota case study on the JIT purchasing system used across its operations, identify which one of the following external factors will influence the scheduling of Toyota's purchasing.Show the full question

  59. Question 59 · Purchasing and supply management · 1 marks

    Carol works as the quality controller for J'Divine, a popular wedding photography business, and it is her job to make sure that the photo books sent out to customers meet strict quality requirements. Complete the sentence: Carol makes use of ___ to describe the required quality of the books, and ___ to control the quality of the photo books.Show the full question

  60. Question 60 · Purchasing and supply management · 1 marks

    Printmate's, a large printing company, undertakes planning at a certain level that involves elements such as supplier alliances, supplier development, supply chain process integration, availability forecasting, and purchasing and supply policy. At which level is this planning taking place?Show the full question

  61. Question 61 · Purchasing and supply management · 1 marks

    Marcus owns a large warehouse that rents out storage space to companies. The fee that Annabella Boutique pays Marcus to store its excess summer stock during the winter season is known as which type of cost?Show the full question

  62. Question 62 · Purchasing and supply management · 1 marks

    From the end of August 2013, Edgars will stock a new international brand in some of its stores called Paul Frank, a fun, vibrant and edgy apparel range. Edgars has chosen Paul Frank Industries as the supplier for this new summer range, having researched the prices and availability of various ranges. An order has already been issued and a contract concluded. What would the next step in the purchasing process be?Show the full question

  63. Question 63 · Purchasing and supply management · 1 marks

    Inbus Ltd needs an IT company to develop a software program tailored to its very specific needs, and this development is expected to be a costly process. Which price determination method should Inbus Ltd use to identify a potential IT service provider capable of developing this customised programme?Show the full question

  64. Question 64 · Purchasing and supply management · 1 marks

    The purchasing manager of a toy company has decided that whenever the stock of Snow White Barbie dolls drops to only 20 units, an order for 50 new Barbie dolls will be placed. Which inventory control system does this describe?Show the full question

  65. Question 65 · Purchasing and supply management · 1 marks

    Complete the statement: the aim of inventory management is to ___.Show the full question

  66. Question 66 · Purchasing and supply management · 1 marks

    Identify which one of the following statements about a cross-functional team is INCORRECT.Show the full question

  67. Question 67 · Purchasing and supply management · 1 marks

    Telkom's head office negotiates large contracts with suppliers of copper cable to be used across South Africa, while its regional offices independently buy non-strategic items such as tools from local suppliers. Complete the statement: they are using a ___ purchasing and supply structure.Show the full question

  68. Question 68 · Purchasing and supply management · 1 marks

    Consider the following possible criteria for gauging the effectiveness of the execution of purchasing activities: (a) the number of purchasing contracts established; (b) noting rejected orders; (c) comparing costs with those of previous periods; (d) investigating the number of orders and requisitions. Which combination of these represents valid criteria for gauging effectiveness?Show the full question

  69. Question 69 · Purchasing and supply management · 1 marks

    Identify which one of the following will be a factor when determining the importance of the purchasing and supply chain function.Show the full question

  70. Question 70 · Purchasing and supply management · 1 marks

    Complete the statement: the profit leverage effect dictates that a ___.Show the full question

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