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MNB1501 - Business Management IA - Exam May/June 2020
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MNB1501 - Business Management IA (MNB1501)
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2 MNB1501/RMB151K
May/June 2019
THE BUSINESS WORLD AND BUSINESS MANAGEMENT
Te Pe al malt
al Sal! coma) e oF Swe ater ’ ” oa
1 Which one of the following systems represents a compromise between a pure market
economy and a pure command economy?
“4
Socialism
2 Mixed economies ae i<
3 Command market ,
4 Such a system does not exist
Read the case study below and answer questions 2 and 3.
A reason for the success of Southwest Airlines lies in the treatment of the airline's personnel
Management believes that when employees are treated well, they will treat customers well,
providing a beneficial situation for all stakeholders Southwest Arlines’ wages are generally
lower than those of competitors but the company sweetens the deal by making stock options
available to employees, enabling them to benefit from the airline's financial success
2 Southwest Airlines functions within a free-market environment The primary purpose in
a free-market system Is while satisfying the needs of the
people
1 to work for the glory of the state Pct GOL
2 to ensure sustainability P =]
4 to adhere to the ethics code of conduct
James started in his new position as in-flight manager at Southwest Airlines more than a
month ago However, he feels that his colleagues do not respect him and that he ts not
accepted and valued by the company This refers to James’ needs that
are not satisfied according to Maslow’s hierarchy of needs
1 self-realisation A i
2 security P J USS
4 social
4 A parastatal ts a/an
2 business owned by private individuals .
3 non-profit organisation PS cy
4 internationally managed organisation s
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UNISA
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