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Mnb1501 Assignement 8 Semester 2 2024
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5/23/24, 10:33 AM Assessment 8: Attempt reviewUNISA 2024 MNB1501-24-S1 Welcome Message Assessment 8
QUIZ
Started on Thursday, 23 May 2024, 9:36 AM
State Finished
Completed on Thursday, 23 May 2024, 10:33 AM
Time taken 56 mins 54 secs
Marks 33.00/35.00
Grade 94.29 out of 100.00
Question 1
Correct
Mark 1.00 out of 1.00
The number of cellphones in South Africa surpasses the number of people
living in the country. Cellphone use in South Africa has increased enormously
during the last decade. Besides calling people, South Africans use their phones
to send text messages, access social media sites, chat with a group of friends
on instant messaging services and browse the internet. The need for constant
communication with friends is a ______________ need according to Maslow’s
hierarchy of needs.
a. self-actualisation
b. esteem
c. physiological
d. social
Your answer is correct.
The correct answer is:
social
https://mymodules.dtls.unisa.ac.za/mod/quiz/review.php?attempt=19547426&cmid=844995 1/20
,5/23/24, 10:33 AM Assessment 8: Attempt review
Question 2
Correct
Mark 1.00 out of 1.00
In a ___________________ economy, individuals will need to take the tastes,
preferences and demands of consumers into account when deciding about
production and marketing if they want to make a pro t.
a. market
b.
command
c.
socialist
d. centrally directed
Your answer is correct.
The correct answer is:
market
Question 3
Correct
Mark 1.00 out of 1.00
There are several economic systems in the world. The country of Utopia allows
and encourages all members of the community to possess houses and to earn
pro ts on them by renting the houses out to overseas tourists. Clothing and
food are allocated based on free-market demand and are not controlled by the
government. All residents of Utopia are allowed to choose which careers they
want to follow. Which economic system does Utopia use?
a. Free market
b. Command economy
c. Socialism
d. Communism
Your answer is correct.
The correct answer is:
Free market
https://mymodules.dtls.unisa.ac.za/mod/quiz/review.php?attempt=19547426&cmid=844995 2/20
,5/23/24, 10:33 AM Assessment 8: Attempt review
Question 4
Correct
Mark 1.00 out of 1.00
_________ skills refer to the ability to view an organisation holistically to see
where it ts and to position it in a competitive business environment.
a.
Planning
b. Organisational
c. Marketing
d. Strategic thinking
Your answer is correct.
Strategic thinking skills are essential to positioning a business in a competitive
environment. These skills relate to the ability to view a company holistically to
see where it ts in the marketplace and whether it delivers value e ciently and
effectively to its customers compared to its competitors. (See 2.4, lesson 2.)
The correct answer is:
Strategic thinking
https://mymodules.dtls.unisa.ac.za/mod/quiz/review.php?attempt=19547426&cmid=844995 3/20
, 5/23/24, 10:33 AM Assessment 8: Attempt review
Question 5
Correct
Mark 1.00 out of 1.00
Thomas is an aspiring entrepreneur who is innovative and creative. He likes to
take control, to make decisions, to make operational changes and to have total
exibility and autonomy. He would like to start a business through a franchise.
Which of the following statements suggest that entering a franchise will not be
a good idea for Thomas?
a. The franchisee needs to comply with the franchise standards.
b. The franchise allows access to lower prices.
c. The franchise provides training and knowledge.
d. Creative entrepreneurs may nd franchising frustrating.
e. Maintaining consistency in the franchising process is critical for the
franchisor.
a. a; b; c
b. b; c; d
c. a; d; e
d. c; d; e
Your answer is correct.
Creative entrepreneurs who might want to change certain operations will nd
franchising frustrating. While the franchisee may nd some exibility in areas
such as marketing, maintaining consistency in the franchising process is critical
for the franchisor. The franchisee needs to comply with the franchise
standards. (See 2.6.2, lesson 2.)
The correct answer is:
a; d; e
https://mymodules.dtls.unisa.ac.za/mod/quiz/review.php?attempt=19547426&cmid=844995 4/20
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