Exam (elaborations)
MNB1501 assessment 1 2024
- Institution
- University Of South Africa (Unisa)
MNB1501 assessment 1 2024
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3/28/24, 1:14 PM Assessment 1 (page 1 of 10)UNISA 2024 MNB1501-24-S1 Welcome Message Assessment 1
QUIZ
Question 1
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Which one of the following statements is correct about Maslow’s need hierarchy?
a. Maslow’s need hierarchy starts with the higher-level needs at the bottom.
b. Social needs refer to our need for financial security.
c. Esteem needs refer to our desire to reach our full potential.
d. Self-actualisation needs are at the top of the hierarchy.
Clear my choice
Question 2
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South Africa’s unemployment rate is very high. Should South Africa move towards a pure ______________ economy, one of the
advantages would be the possibility of full employment.
a. market
b. socialist
c. command
d. communist
Clear my choice
https://mymodules.dtls.unisa.ac.za/mod/quiz/attempt.php?attempt=16568743&cmid=844988 1/1
,3/28/24, 1:14 PM Assessment 1 (page 2 of 10)
UNISA 2024 MNB1501-24-S1 Welcome Message Assessment 1
QUIZ
Question 3
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Which management function is responsible for maintaining, implementing and controlling technology in an organisation?
a. Marketing management
b. Purchasing and supply management
c. Information management
d. Operations management
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Question 4
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The fundamental economic problem society is confronted with involves .
a. ensuring they get what they want
b. choosing how it will use its scarce resources to the maximum effect in order to satisfy its needs
c. ensuring the lowest possible satisfaction of needs with these scarce resources
d. making as much profit as possible regardless of the needs of society
Clear my choice
https://mymodules.dtls.unisa.ac.za/mod/quiz/attempt.php?attempt=16568743&cmid=844988&page=1 1/1
,3/28/24, 1:13 PM Assessment 1 (page 3 of 10)
UNISA 2024 MNB1501-24-S1 Welcome Message Assessment 1
QUIZ
Question 5
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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.
d. The economy is not influenced by business fluctuations.
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Question 6
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The economy in which Vodacom and MTN function is characterised by intense competition and rivalry. What type of
economy is this?
a. Free-market economy
b. Competitive economy
c. Socialist economy
d.
Freedom economy
Clear my choice
https://mymodules.dtls.unisa.ac.za/mod/quiz/attempt.php?attempt=16568743&cmid=844988&page=2 1/1
, 3/28/24, 1:13 PM Assessment 1 (page 4 of 10)
UNISA 2024 MNB1501-24-S1 Welcome Message Assessment 1
QUIZ
Question 7
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After an alien invasion, Earth has to resort to the extreme protection of its resources in order to survive. A global government
is elected with the mandate to control all the resources which remain to humanity. The global government serves as a
centrally directed economic system and has assumed complete responsibility for producing and distributing products and
services. Which one of the following best describes the main economic system used in this new world order?
a.
The market economy
b. The command economy
c. Free-market economy
d. Mixed economies
Clear my choice
Question 8
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Which one of the following options is not a role which businesses play in society?
a. Influence the country’s economy
b. Abolish natural resources
c. Act as social platform
d. Provide taxes to the government
Clear my choice
https://mymodules.dtls.unisa.ac.za/mod/quiz/attempt.php?attempt=16568743&cmid=844988&page=3 1/1
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