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MNB1501 ASSIGNMNT 1 FOR 2ND SEMESTER 2024 - Distinction
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MNB1501 ASSIGNMNT 1 FOR 2ND SEMESTER 2024 with two attempts
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MNB1501ASSIGNMENT 1 FOR 2ND SEMESTER 2024
STUDENT NUMBER: 51115301
, Started on Friday, 26 July 2024, 1:03 PM
State Finished
Completed on Friday, 26 July 2024, 1:41 PM
Time taken 38 mins 2 secs
Marks 19.00/20.00
Grade 95.00 out of 100.00
Question 1
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Question text
Which of the following attributes are characteristics of a free-market economy as an economic
system?
a private ownership of production factors
b free competition
c profit motive recognised
d limited right to strike in state enterprises
a.
ab
b.
ac
c.
abc
d.
abcd
Clear my choice
Question 2
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Which one of the following statements is correct?
Whatsapp Marlvin @ +2763 173 8181
, a.
According to Maslow, human needs are classified in a hierarchy where the highest needs must be
satisfied before the lower-level needs can receive attention.
b.
Psychological needs are the basic survival needs such as the need for water, food and clothing.
c.
According to Maslow, not all people have the same basic needs.
d.
Esteem needs are all ego-driven needs.
Question 3
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Which of the following statements are correct? An entrepreneur is someone who .....................
a pursues profit.
b accepts risk.
c makes the most of opportunities in the environment.
d combines expertise and resources to produce products and services.
a.
ab
b.
cd
c.
bcd
d.
abcd
Clear my choice
Question 4
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