How often Entrepreneurship is asked
Where it was asked
What costs marks here
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A memo tells us what the markers actually rewarded and penalised. With one, this section fills in for every student — help us get one.
The questions
Oct/Nov 2018, Q81 mark · multiple choice
Read the case study and answer questions 8 and 9: In January 2005, MXit was launched as a subscription service, which Heunis knew would not work, but he decided to try anyway. By the end of April 2005 MXit had only 40 subscribers. At the end of May 2005, it was relaunched as a free service and the user numbers started skyrocketing. The growth of MXit since its 2005 launch has been astronomical and can only be attributed to an exceptionally visionary entrepreneur, Herman Heunis. Herman Heunis was able to consider what the future might offer, how this would impact on the business, and which resources and actions would be necessary to prepare for it. Which management skill is apparent in this scenario? Option 1: Strategy skills. Option 2: Planning skills. Option 3: Marketing skills. Option 4: Financial skills.
Oct/Nov 2018, Q91 mark · multiple choice
Read the case study and answer questions 8 and 9: In January 2005, MXit was launched as a subscription service, which Heunis knew would not work, but he decided to try anyway. By the end of April 2005 MXit had only 40 subscribers. At the end of May 2005, it was relaunched as a free service and the user numbers started skyrocketing. In order to accommodate their meteoric rise in the user base, MXit continually upgraded their servers. The servers form part of which type of resources of the business? Option 1: human. Option 2: physical. Option 3: financial. Option 4: natural.
Oct/Nov 2018, Q101 mark · multiple choice
Read the case study and answer questions 8 and 9: In January 2005, MXit was launched as a subscription service, which Heunis knew would not work, but he decided to try anyway. By the end of April 2005 MXit had only 40 subscribers. At the end of May 2005, it was relaunched as a free service and the user numbers started skyrocketing. Technology forms an important part of almost any business in the modern business world. During the entrepreneurial process, many businesses need to determine whether the technology they require exists and whether they can gain access to it. During which phase of the entrepreneurial process would this decision be made? Option 1: Decision to become an entrepreneur. Option 2: Identifying opportunities and ideas. Option 3: Access to resources. Option 4: Writing a business plan.
Oct/Nov 2018, Q111 mark · multiple choice
Read the case study and answer questions 8 and 9: In January 2005, MXit was launched as a subscription service, which Heunis knew would not work, but he decided to try anyway. By the end of April 2005 MXit had only 40 subscribers. At the end of May 2005, it was relaunched as a free service and the user numbers started skyrocketing. Identify which one of the following options represents an advantage of buying an existing business. Option 1: Employees are inherited. Option 2: The image will be difficult to change. Option 3: There will be an established customer base. Option 4: The inventory may be obsolete.
Oct/Nov 2018, Q121 mark · multiple choice
Read the case study and answer questions 8 and 9: In January 2005, MXit was launched as a subscription service, which Heunis knew would not work, but he decided to try anyway. By the end of April 2005 MXit had only 40 subscribers. At the end of May 2005, it was relaunched as a free service and the user numbers started skyrocketing. Peter intends to open a cell phone repair business in his rural community. He is currently busy collecting information from local residents that will help him establish whether the business idea will work, including how many people in the area own cell phones and how often they require repair services for their phones. What is the correct business term for the activity Peter is currently undertaking? Option 1: Business study. Option 2: Feasibility study. Option 3: Business analysis. Option 4: Forecasting proposal.
Oct/Nov 2018, Q131 mark · multiple choice
Read the case study and answer questions 8 and 9: In January 2005, MXit was launched as a subscription service, which Heunis knew would not work, but he decided to try anyway. By the end of April 2005 MXit had only 40 subscribers. At the end of May 2005, it was relaunched as a free service and the user numbers started skyrocketing. Fill in the blank: ______ skills involve the ability to evaluate the offerings of the business and their features, to determine how they satisfy customers' wants and needs, and to establish why customers find them attractive. Option 1: Planning. Option 2: Strategy. Option 3: Project management. Option 4: Marketing.
May/Jun 2017, Q81 mark · multiple choice
South African Breweries (SAB) is one of the main operators in the South African liquor market, alongside United National Breweries, Distell and Brandhouse. SAB forms part of the multinational beer brewer SABMiller, which mainly manufactures malt beer but also produces Flavoured Alcoholic Beverages (FABs) and owns more than 60% of the market for Coca-Cola soft drink sales in South Africa. SAB used to rely on its own large trucks to distribute the beer it brewed to customer outlets, but it has since stopped using its own trucks and now uses owner-drivers of trucks instead. These owner-drivers receive contracts from SAB to deliver beer to clients within demarcated areas. What term describes this arrangement?
May/Jun 2017, Q91 mark · multiple choice
SABMiller began in 1895 under the name Castle Breweries. At that time the company would have needed to think about what the future might hold, how such developments could affect the business, and what actions needed to be taken in the present to prepare for them. Which management skill does this scenario describe?
May/Jun 2017, Q101 mark · multiple choice
Which one of the following scenarios can be considered an entrepreneurial activity: Lucy starting her own cleaning business after a local insurance firm asks her to take over their cleaning; Sam, who wants to learn professional photography, applying for a position at the local photography shop; Kabelo, who is afraid of working at a high-risk firm, asking for a demotion; or Caron, who is tired of being driven to perform at the hotel where she works, deciding to run her mother's guesthouse instead?
May/Jun 2017, Q111 mark · multiple choice
Having conducted market research, an entrepreneur is able to establish that a feasible opportunity exists that could be exploited for profit. According to the entrepreneurial process, which of the following steps is undertaken next?
May/Jun 2017, Q121 mark · multiple choice
What does an internal locus of control indicate about a person?
May/Jun 2017, Q131 mark · multiple choice
M&M Consulting is a recruitment company dedicated to identifying the most talented applicants and introducing them to its valuable clients. The company employs 24 employees and has an annual turnover of R4.65 million. Based on these figures, how would M&M Consulting be classified?
Oct/Nov 2015, Q81 mark · multiple choice
Under the heading Entrepreneurship, question 8 asks which one of the following statements about the entrepreneurial trait of risk-taking is correct.
Oct/Nov 2015, Q91 mark · multiple choice
A case scenario explains that when IBM decided to enter the personal computer market, it plunged in a way later described as a historic blunder. At the time, IBM was the world leader in both microprocessor chips and software, yet when it launched the PC in 1981 it chose to buy the key components of the machine from outside companies: the chip from Intel and the operating system software from Microsoft. Based on this scenario, question 9 asks what tactic IBM used when it bought its components from Intel and Microsoft.
Oct/Nov 2015, Q101 mark · multiple choice
A case scenario introduces Herman Heunis as not your typical social-media start-up entrepreneur; he can be described as a serial entrepreneur, having started several new ventures. Question 10 notes that one reason entrepreneurs like Herman Heunis do what they do is that they are achievement motivated, and asks which one of the following options relates to Herman Heunis's achievement motivation trait.
Oct/Nov 2015, Q111 mark · multiple choice
Continuing with Herman Heunis, question 11 states that he started Clockspeed Mobile as a research and development division of Swist Group Technologies, and asks which one of the following would have been correct if Clockspeed Mobile had instead been defined as a 'small and medium-sized enterprise (SME)' within the South African business environment.
Oct/Nov 2015, Q121 mark · multiple choice
Question 12 requires filling in the blank: a ______ is the collection of data that helps forecast whether an idea, opportunity or venture will survive.
Oct/Nov 2015, Q131 mark · multiple choice
Question 13 describes Nicole wanting to buy 'Vets on Wheels', a veterinary practice, from Baselsana, and asks which one of the following is a disadvantage of buying an existing business such as this one.
The full Spot Map and the marks by year.