3/5/25, 4:11 PM Assessment 1: Attempt review
MNB3701-25-S1 Welcome Message Assessment 1
QUIZ
Started on Wednesday, 5 March 2025, 3:52 PM
State Finished
Completed on Wednesday, 5 March 2025, 4:10 PM
Time taken 18 mins 24 secs
Grade 45.00 out of 50.00 (90%)
Question 1
Correct
Mark 1.00 out of 1.00
Belgium is a country skilled at making both cheese and chocolate. They first need to
determine how much labour goes into producing both cheese and chocolate
Suppose it takes one unit labour to produce 10 units of cheese and one unit labour
to produce 20 units of chocolate. Which one of the following applies to Belgium?
a. Belgium has an absolute advantage in producing cheese
b. Belgium has an absolute advantage in producing chocolate
c. Belgium has an comparative advantage in producing cheese
d. Belgium has an comparative advantage in producing chocolate
Your answer is correct.
The correct answer is:
Belgium has an comparative advantage in producing chocolate
Question 2
Correct
Mark 1.00 out of 1.00
Which one of the following is regarded an important value for a feminine leader?
a. Career progression
b. Material rewards
c. Visible leadership
d. Quality of life
Your answer is correct.
The correct answer is:
Quality of life
https://mymodules.dtls.unisa.ac.za/mod/quiz/review.php?attempt=24119738&cmid=1085407 1/25
,3/5/25, 4:11 PM Assessment 1: Attempt review
Question 3
Correct
Mark 1.00 out of 1.00
Xiaomi Corporation, a Chinese multinational technology firm has experience in e-
commerce and social media. The firm used its platform to engage with fans and to
invite them to product launches and parties. These actions enabled Xiaomi to offer
its consumers a sleek, highly specialized smartphone at a lower price than other
competing brands.
Which one of the following is applicable to Xiaomi in this scenario?
a. Tangible resource
b. Intangible resource
c. Capability in marketing
d. Capability in innovation
Your answer is correct.
The correct answer is:
Capability in marketing
Question 4
Correct
Mark 1.00 out of 1.00
Which one of the following is regarded as a benefit of globalisation?
a. Increasing income for unskilled workers
b. Decreasing power of multinational enterprises
c. Accelerating communication through new technologies
d. Incorporating national cultures
Your answer is correct.
The correct answer is:
Accelerating communication through new technologies
https://mymodules.dtls.unisa.ac.za/mod/quiz/review.php?attempt=24119738&cmid=1085407 2/25
, 3/5/25, 4:11 PM Assessment 1: Attempt review
Question 5
Correct
Mark 1.00 out of 1.00
Which one of the following refers to an economic system where all factors of
production are state-owned?
a. Traditional economy
b. Market economy
c. Command economy
d. Mixed economy
Your answer is correct.
The correct answer is:
Command economy
Question 6
Correct
Mark 1.00 out of 1.00
Which one of the following can be regarded as the main characteristic of a market
economy?
a. All production factors are owned by a government, and all supply, demand
and pricing are planned by a government.
b. Most important production factors are owned by government, strongly
supported by the private sector.
c. The private sector owns all production factors, set rules, policies and
procedures.
d. Production factors are privately-owned, individuals are free to engage
in all sorts of contracts, and a government only perform functions that
the private sector cannot perform.
Your answer is correct.
The correct answer is:
Production factors are privately-owned, individuals are free to engage in all sorts of
contracts, and a government only perform functions that the private sector cannot
perform.
https://mymodules.dtls.unisa.ac.za/mod/quiz/review.php?attempt=24119738&cmid=1085407 3/25
MNB3701-25-S1 Welcome Message Assessment 1
QUIZ
Started on Wednesday, 5 March 2025, 3:52 PM
State Finished
Completed on Wednesday, 5 March 2025, 4:10 PM
Time taken 18 mins 24 secs
Grade 45.00 out of 50.00 (90%)
Question 1
Correct
Mark 1.00 out of 1.00
Belgium is a country skilled at making both cheese and chocolate. They first need to
determine how much labour goes into producing both cheese and chocolate
Suppose it takes one unit labour to produce 10 units of cheese and one unit labour
to produce 20 units of chocolate. Which one of the following applies to Belgium?
a. Belgium has an absolute advantage in producing cheese
b. Belgium has an absolute advantage in producing chocolate
c. Belgium has an comparative advantage in producing cheese
d. Belgium has an comparative advantage in producing chocolate
Your answer is correct.
The correct answer is:
Belgium has an comparative advantage in producing chocolate
Question 2
Correct
Mark 1.00 out of 1.00
Which one of the following is regarded an important value for a feminine leader?
a. Career progression
b. Material rewards
c. Visible leadership
d. Quality of life
Your answer is correct.
The correct answer is:
Quality of life
https://mymodules.dtls.unisa.ac.za/mod/quiz/review.php?attempt=24119738&cmid=1085407 1/25
,3/5/25, 4:11 PM Assessment 1: Attempt review
Question 3
Correct
Mark 1.00 out of 1.00
Xiaomi Corporation, a Chinese multinational technology firm has experience in e-
commerce and social media. The firm used its platform to engage with fans and to
invite them to product launches and parties. These actions enabled Xiaomi to offer
its consumers a sleek, highly specialized smartphone at a lower price than other
competing brands.
Which one of the following is applicable to Xiaomi in this scenario?
a. Tangible resource
b. Intangible resource
c. Capability in marketing
d. Capability in innovation
Your answer is correct.
The correct answer is:
Capability in marketing
Question 4
Correct
Mark 1.00 out of 1.00
Which one of the following is regarded as a benefit of globalisation?
a. Increasing income for unskilled workers
b. Decreasing power of multinational enterprises
c. Accelerating communication through new technologies
d. Incorporating national cultures
Your answer is correct.
The correct answer is:
Accelerating communication through new technologies
https://mymodules.dtls.unisa.ac.za/mod/quiz/review.php?attempt=24119738&cmid=1085407 2/25
, 3/5/25, 4:11 PM Assessment 1: Attempt review
Question 5
Correct
Mark 1.00 out of 1.00
Which one of the following refers to an economic system where all factors of
production are state-owned?
a. Traditional economy
b. Market economy
c. Command economy
d. Mixed economy
Your answer is correct.
The correct answer is:
Command economy
Question 6
Correct
Mark 1.00 out of 1.00
Which one of the following can be regarded as the main characteristic of a market
economy?
a. All production factors are owned by a government, and all supply, demand
and pricing are planned by a government.
b. Most important production factors are owned by government, strongly
supported by the private sector.
c. The private sector owns all production factors, set rules, policies and
procedures.
d. Production factors are privately-owned, individuals are free to engage
in all sorts of contracts, and a government only perform functions that
the private sector cannot perform.
Your answer is correct.
The correct answer is:
Production factors are privately-owned, individuals are free to engage in all sorts of
contracts, and a government only perform functions that the private sector cannot
perform.
https://mymodules.dtls.unisa.ac.za/mod/quiz/review.php?attempt=24119738&cmid=1085407 3/25
