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MNB1501 ASSIGNMENT 08 SEMESTER 1 2024 (539332)
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MNB1501 ASSIGNMENT 08 SEMESTER 1 2024
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Varsity College BCOM Year 1 Business Management 1A LU 10
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Varsity College BCOM Year 1 Business Management 1A LU 9
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Varsity College BCOM Year 1 Business Management 1A LU 8
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Online store: www.sirmthembu.store | 0617568718/0670276883 | Email: info@sirmthembu.storeMNB1501 ASSIGNMENT 08_SEMESTER 1_2024
Started on Wednesday, 1 May 2024, 8:22 PM
State Finished
Completed on Wednesday, 1 May 2024, 8:41 PM
Time taken 18 mins 56 secs
Marks 35.00/35.00
Grade 100.00 out of 100.00
Question 1
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Which one of the following statements is incorrect?
a.
All non-profit seeking organisations are state owned.
b.
Welfare organisations are non-profit-seeking organisations.
c.
Society pays for the services of the South African Police Services by means of taxes.
d.
A closed corporation is a type of business organisation.
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The correct answer is:
All non-profit seeking organisations are state owned.
Question 2
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Which one of the following is a characteristic of a command economy?
a.
The means of production are owned privately.
b.
There are high social costs.
c.
Taxes are very high.
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d.
The economy is not influenced by business fluctuations.
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The correct answer is:
Taxes are very high.
Question 3
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Paul was recently appointed to a sales manager position. After his promotion, he felt that
his co-workers were more distant and that he had lost some of his friends. According to
Maslow’s hierarchy of needs, Paul has a desire to satisfy his _____ needs.
a.
ego
b.
self-actualisation
c.
social
d.
physiological
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The correct answer is:
social
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Which of the following options represent environmental variables that make it attractive for
individuals to embark on an entrepreneurial journey?
a. low interest rates
b. a desire to succeed
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c. innovation and creativity
d. favourable exchange rates
e. opportunities to make a considerable profit
a.
a; b; c
b.
b; c; d
c.
a; b; e
d.
a; d; e
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Your answer is correct.
Environmental variables, such as low interest rates, favourable exchange rates and
opportunities to make a considerable profit, will make it attractive for a person to be an
entrepreneur. (See 2.2, lesson 2.)
The correct answer is:
a; d; e
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Themba started his business by selling vegetables. Later, he noticed there was more
demand for vegetables and other goods and services in his community. Three years ago, he
took out a bank loan and used it to open a supermarket in Vosloorus. Since then, he has
opened four more supermarkets and three petrol stations in other townships in the East
Rand. He has created over one thousand jobs. How many of the following entrepreneurial
traits does Themba possess?
a. product or service knowledge
b. self-starter
c. risk-averse
d. open-minded
e. self-motivated
a.
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