$1\mathrm{.}1.$ Which of the following is an example of an action that relates to primary stakeholders

influencing the strategy of an organisation?

$($a$)$ Customers that boycott against Dischem Pharmacies due to its employment policies that

restricts employing or promoting a certain ethnic group.

$($b$)$ An increase of taxation on alcoholic beverages by SARS.

$($c$)$ National Union of Mineworkers demanding an increase in salaries for mineworkers.

$($d$)$ Banning of smoking in public areas through legislation.

$1\mathrm{.}2.$ Which one of the examples below is an example of divisible projects?

$($a$)$ Craft Breweries plans to build a new bottling facility in a new area to service a different

market. The entire project must be completed to operate on its own.

$($b$)$ Atterbury Property Developers wants to develop a vacant area into a new shopping mall.

Phase one includes anchor enteprises such as Dischem, Clicks, and Checkers. Phase two

will include stationery shops, hair and beauty salons, and restaurants.

$($c$)$ Mobile Homes Ltd will not be able to raise enough funds for both Project Trailer Homes, and

Project Tiny Homes, and must therefore choose one with better returns and reject the other.

$($d$)$ Animal Laboratories Ltd can either acquire a shareholding in Pets Vaccinnes $($Pty$)$ Ltd or

enter into a joint venture with governament owned vaccines producer.

$1\mathrm{.}3.$ The cost of financing trade payables changes when discounts are offered. Select a rule that is

applicable to when to take up discount offered by a supplier?

$($a$)$ The nominal annual percentage cost equation should not take the effect of compounding into

account.

$($b$)$ The cost should be compared to the cost of other long$-$term financing sources.

$($c$)$ The effective cost of discount forgone should be weighed against the organisation's regular

cost of short$-$term debt. If the overdraft rate is lower than the effective cost of the discount

forgone, the discount should be taken, but when the overdraft rate is higher it is not cost

effective to take the discount.

$($d$)$ If the organisation's regular cost of short$-$term funding $($such as overdraft rate$)$ is lower, it is

not cost effective to take the discount.

$1\mathrm{.}4.$ Apply your capital budgeting knowledge and select a statement that is not true.

$($a$)$ Capital budgeting decisions determine how an organisation commit its scarce and valuable

resources in the short$-$term.

$($b$)$ Capital budgeting is the formal process that an organisation uses for the acquisition and

investment of capital.

$($c$)$ Capital budgeting also involves the decisions of the organisation to invest its current funds

for additions to$,$ modifications as well as replacement of long$-$term assets.

$($d$)$ Capital budgeting provides methods by which capital investments are evaluated regarding

their profitability and acceptable returns on the funds to be invested.

$(2)$