Exam (elaborations)
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Exam of 15 pages for the course MNB1501 at MNB1501
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Some examples from this set of practice questions
1.
The resources used by low-cost airlines include _________________.
Answer: a) natural resources b) human resources c) capital resources d) entrepreneurship/management
2.
Sustainable development will be most effective and efficient in a company such as SAB if ________________.
Answer: sustainable development is integrated into the day to day operations of the business.
3.
Goals are influenced by ____________________.
Answer: a) the mission of the organisation b) the business environment c) management‟s values d) the experience of management
4.
An enterprise taking over a competitor in order to eliminate the competition is an example of __________________.
Answer: horizontal integration
5.
_________________ is where the scope of the existing job is extended to give a broader range of responsibility, plus extra knowledge and skills development.
Answer: Job enlargement
6.
The obligation to achieve organisational goals by performing required activities. This refers to which one of the following components of leadership?
Answer: Responsibility
7.
A business‟s effort to provide the greatest possible need satisfaction with limited available resources is known as _________________________
Answer: the economic principle.
8.
The following are skills required to be a successful entrepreneur:
Answer: a) Strategy skills b) Marketing skills c) Financial skills d) Project management skills e) Human relations skills f) Planning skills
9.
Starting your own business
Answer: Entrepreneurship
10.
Having a borehole on the farm so that you can irrigate your own vegetables
Answer: Natural resources
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