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Exam (elaborations)

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Exam of 15 pages for the course MNB1501 at MNB1501

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  • January 29, 2024
  • 15
  • 2023/2024
  • Exam (elaborations)
  • Questions & answers
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Available practice questions

Flashcards 20 Flashcards
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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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