STUDY UNIT 1: THE BUSINESS WORLD AND BUSINESS MANAGEMENT
QUESTION 1
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
2 to ensure sustainability
3 to make a profit (Refer to Section 1.4.2...
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MNB1501
ASSIGNMENT 1
SEMESTER 2 (2020)
This assignment covers chapters 1 to 4 of the prescribed book. We recommend submitting your
assignment online on myUnisa. You may also use a mark-reading sheet to answer and submit the
assignment.
This assignment consists of 20 multiple-choice questions.
Note: You must submit this assignment in order to obtain entrance to the examination!
STUDY UNIT 1: THE BUSINESS WORLD AND BUSINESS MANAGEMENT
QUESTION 1
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The primary purpose in a free-market system is _______________________ while satisfying the needs
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of the people.
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1
rs e
to work for the glory of the state
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2 to ensure sustainability
3 to make a profit (Refer to Section 1.4.2 in the textbook)
4 to adhere to the ethics code of conduct
o
aC s
QUESTION 2
v i y re
The economy in which Vodacom and MTN function is characterised by intense competition and rivalry.
What type of economy is this?
ed d
1 Free-market economy (Refer to Section 1.4.2 in the textbook)
ar stu
2 Competitive economy
3 Socialistic economy
4 Freedom economy
sh is
QUESTION 3
Th
Charmaine is the owner of an exclusive guesthouse in Paternoster. She is busy planning for the tourist
season in 2014 and she is assessing the viability of targeting the German market for the December
holidays. Which functional area of her business will be responsible for this task?
1 General management (Refer to Section 1.7 in the textbook)s
2 Operations
3 Marketing
4 Purchasing
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