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Mnb1501 Assignment 1 semester 2 2024 (complete answers) distinction guaranteed
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MNB 1501ASSIGNMENT 1 SEMESTER 2 2024
DUE DATE 10 September 2024
DISTINCTION GUARANTEED
Use this document as a guide to learn, compare and reference
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, Started on Friday, 26 July 2024, 5:34 PM
State Finished
Completed on Friday, 26 July 2024, 5:46 PM
Time taken 11 mins 44 secs
Marks 20.00/20.00
Grade 100.00 out of 100.00
Question 1
The fundamental economic problem society is confronted with involves .
Correct
Mark 1.00 out of
1.00
Flag a. ensuring they get what they want
question
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
Your answer is correct.
The correct answer is:
choosing how it will use its scarce resources to the maximum effect in order to satisfy its needs
Question 2 Which management function is responsible for maintaining, implementing and controlling technology in an organisation?
Correct
Mark 1.00 out of a. Marketing management
1.00
Flag
b. Purchasing and supply management
question
c. Information management
d. Operations management
Your answer is correct.
The correct answer is:
Information management
Question 3 Transnet is an example of a ______.
Correct
Mark 1.00 out of a. non-profit organisation
1.00
Flag
b. public corporation
question
c. privately owned enterprise
d. personal liability company
Your answer is correct.
The correct answer is:
public corporation
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.
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