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MNB1501 ASSIGNMENT 8 FOR 2ND SEMESTER 2024 - Distinction
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MNB1501ASSIGNMENT 8 FOR 2ND SEMESTER 2024
FEND TUTORIALS
, Started on Saturday, 27 July 2024, 4:28 PM
State Finished
Completed on Saturday, 27 July 2024, 4:48 PM
Time taken 19 mins 58 secs
Marks 29.00/35.00
Grade 82.86 out of 100.00
Question 1
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Question text
If SAB were to introduce a rewards programme whereby employees who performed very well every
month are given recognition and financial incentives, which needs of their employees would the
company be satisfying?
a.
esteem
b.
physiological
c.
self-actualisation
d.
security
Feedback
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The correct answer is:
esteem
Question 2
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Which one of the following countries has a command economy?
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,a.
North Korea
b.
South Africa
c.
England
d.
America
Feedback
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The correct answer is:
North Korea
Question 3
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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 profits 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
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, Feedback
Your answer is correct.
The correct answer is:
Free market
Question 4
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The Fourth Industrial Revolution (4IR) has fundamentally changed how we relate, work and live at
various levels. It brings a speed of change and disruption at an unprecedented rate, with new
inventions transforming industries at a pace we cannot avoid. Which one of the following statements
is not correct about the 4IR?
a.
Businesses may be left behind as they cannot adapt their operations quickly.
b.
Governments may struggle to regulate this revolution as power shifts to innovators.
c.
Governments may fail to embrace innovative technologies, thus losing out on the benefits and the
opportunities that these technologies bring.
d.
Inequalities in communities may decrease as more people embrace technology.
Feedback
Your answer is correct.
Businesses may be left behind if they are unable to adapt their operations quickly. Governments may
fail to embrace innovative technologies, thus losing out on the benefits and the opportunities that
these technologies bring. Governments may also struggle to regulate this new revolution as the power
shifts away from them to the innovators. Inequalities may grow; only those with the means would
embrace the opportunities that innovative technologies bring, thus increasing disparities in
communities. (See 2.7, lesson 2.)
The correct answer is:
Inequalities in communities may decrease as more people embrace technology.
Question 5
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