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MNB1501 - ASSESSMENT 1 - QUESTIONS AND ANSWERS - SEMESTER 2 - 2024 R75,33
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  3. University Of South Africa (Unisa)
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  5. Business Management IA (MNB1501)

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MNB1501 - ASSESSMENT 1 - QUESTIONS AND ANSWERS - SEMESTER 2 - 2024
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  • June 7, 2024
  • 64
  • 2023/2024
  • Exam (elaborations)
  • Questions & answers

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2024 – S1 – MNB1501 – ASSESSMENT 1 – Q&A



Assessment 1
Started on Friday, 1 March 2024,
State Finished
Completed on Friday, 1 March 2024,
Time taken
Marks 20.00/20.00
Grade 100.00 out of 100.00


Question 1
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

Feedback
Your answer is correct.

The correct answer is:
Free-market economy



Question 2
Which of the following functional areas of management is responsible for
establishing the need-satisfying products and services and making them available to
customers?

a.


1

, 2024 – S1 – MNB1501 – ASSESSMENT 1 – Q&A


Marketing management

b.
Information management

c.
Operations management

d.
Human resources management

Feedback
Your answer is correct.

The correct answer is:
Marketing management



Question 3
Which one of the following statements is correct?

a.
According to Maslow, human needs are classified in a hierarchy where the highest
needs must be satisfied before the lower-level needs can receive attention.

b.
Psychological needs are the basic survival needs such as the need for water, food
and clothing.

c.
According to Maslow, not all people have the same basic needs.

d.
Esteem needs are all ego-driven needs.

Feedback
Your answer is correct.

The correct answer is:
Esteem needs are all ego-driven needs.




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