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Exam (elaborations)

MNB1501 ASSESSMENT 1 SEMESTER 1 2024

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MNB1501 ASSESSMENT 1 SEMESTER 1 2024

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March 28, 2024
Number of pages
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Written in
2023/2024
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BMZ ACADEMY

BMZ Academy




CONTACT @ 061 262 1185/068 053 8213/0717513144




BMZ ACADEMY 0612621185/ 0717513144/ 068 053 8213

,3/28/24, 1:15 PM Assessment 1: Attempt review




UNISA  2024  MNB1501-24-S1  Welcome Message  Assessment 1

QUIZ




Started on Thursday, 28 March 2024, 12:47 PM
State Finished
Completed on Thursday, 28 March 2024, 1:14 PM
Time taken 26 mins 43 secs
Marks 20.00/20.00
Grade 100.00 out of 100.00


Question 1
Correct

Mark 1.00 out of 1.00




Which one of the following statements is correct about Maslow’s need
hierarchy?


a.
Maslow’s need hierarchy starts with the higher-level needs at the
bottom.



b. Social needs refer to our need for financial security.

c. Esteem needs refer to our desire to reach our full potential.

d. Self-actualisation needs are at the top of the hierarchy. 




Your answer is correct.
The correct answer is:
Self-actualisation needs are at the top of the hierarchy.




https://mymodules.dtls.unisa.ac.za/mod/quiz/review.php?attempt=16568743&cmid=844988 1/12

,3/28/24, 1:15 PM Assessment 1: Attempt review

Question 2

Correct

Mark 1.00 out of 1.00




South Africa’s unemployment rate is very high. Should South Africa move
towards a pure ______________ economy, one of the advantages would be the
possibility of full employment.


a. market

b. socialist 

c.
command



d. communist




Your answer is correct.

The correct answer is:
socialist




Question 3
Correct

Mark 1.00 out of 1.00




Which management function is responsible for maintaining, implementing and
controlling technology in an organisation?


a. Marketing management

b. Purchasing and supply management

c. Information management 

d. Operations management




Your answer is correct.

The correct answer is:
Information management




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, 3/28/24, 1:15 PM Assessment 1: Attempt review

Question 4

Correct

Mark 1.00 out of 1.00




The fundamental economic problem society is confronted with involves
.




a.
ensuring they get what they want



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 5
Correct

Mark 1.00 out of 1.00




Which one of the following is a characteristic of a command economy?


a. The means of production are owned privately.

b. There are high social costs.

c. Taxes are very high. 

d. The economy is not influenced by business fluctuations.




Your answer is correct.
The correct answer is:
Taxes are very high.




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