MNB1501
ASSIGNMENT 1 FOR 2ND SEMESTER 2024
FEND TUTORIALS
, Started on Monday, 9 September 2024, 3:29 PM
State Finished
Completed on Monday, 9 September 2024, 3:36 PM
Time taken 7 mins 1 sec
Marks 18.00/20.00
Grade 90.00 out of 100.00
Question 1
Correct
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Question text
Which social force protects consumers against malpractice and unsafe products from businesses?
a.
Consumerism
b.
Business ethics
c.
Social responsibility
d.
Consumer ethics
Feedback
Your answer is correct.
The correct answer is:
Consumerism
Question 2
Incorrect
Mark 0.00 out of 1.00
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Question text
Which of the following statements are correct? An entrepreneur is someone who .....................
a pursues profit.
b accepts risk.
c makes the most of opportunities in the environment.
Whatsapp Marlvin @ +2763 173 8181
,d combines expertise and resources to produce products and services.
a.
ab
b.
cd
c.
bcd
d.
abcd
Feedback
Your answer is incorrect.
The correct answer is:
abcd
Question 3
Correct
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Question text
When an economy is a combination of private enterprise, government ownership of resources and
government planning of the economy, this is called a ___.
a.
free-market economy
b.
command economy
c.
mixed economy
d.
socialist economy
Feedback
Whatsapp Marlvin @ +2763 173 8181
, Your answer is correct.
The correct answer is:
mixed economy
Question 4
Correct
Mark 1.00 out of 1.00
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Question text
Which of the following attributes are characteristics of a free-market economy as an economic
system?
a private ownership of production factors
b free competition
c profit motive recognised
d limited right to strike in state enterprises
a.
ab
b.
ac
c.
abc
d.
abcd
Feedback
Your answer is correct.
The correct answer is:
abc
Question 5
Correct
Mark 1.00 out of 1.00
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Question text
Which of the following functional areas of management is responsible for transforming the
organisation’s resources into the final goods and services that are sold to customers?
Whatsapp Marlvin @ +2763 173 8181
ASSIGNMENT 1 FOR 2ND SEMESTER 2024
FEND TUTORIALS
, Started on Monday, 9 September 2024, 3:29 PM
State Finished
Completed on Monday, 9 September 2024, 3:36 PM
Time taken 7 mins 1 sec
Marks 18.00/20.00
Grade 90.00 out of 100.00
Question 1
Correct
Mark 1.00 out of 1.00
Flag question
Question text
Which social force protects consumers against malpractice and unsafe products from businesses?
a.
Consumerism
b.
Business ethics
c.
Social responsibility
d.
Consumer ethics
Feedback
Your answer is correct.
The correct answer is:
Consumerism
Question 2
Incorrect
Mark 0.00 out of 1.00
Flag question
Question text
Which of the following statements are correct? An entrepreneur is someone who .....................
a pursues profit.
b accepts risk.
c makes the most of opportunities in the environment.
Whatsapp Marlvin @ +2763 173 8181
,d combines expertise and resources to produce products and services.
a.
ab
b.
cd
c.
bcd
d.
abcd
Feedback
Your answer is incorrect.
The correct answer is:
abcd
Question 3
Correct
Mark 1.00 out of 1.00
Flag question
Question text
When an economy is a combination of private enterprise, government ownership of resources and
government planning of the economy, this is called a ___.
a.
free-market economy
b.
command economy
c.
mixed economy
d.
socialist economy
Feedback
Whatsapp Marlvin @ +2763 173 8181
, Your answer is correct.
The correct answer is:
mixed economy
Question 4
Correct
Mark 1.00 out of 1.00
Flag question
Question text
Which of the following attributes are characteristics of a free-market economy as an economic
system?
a private ownership of production factors
b free competition
c profit motive recognised
d limited right to strike in state enterprises
a.
ab
b.
ac
c.
abc
d.
abcd
Feedback
Your answer is correct.
The correct answer is:
abc
Question 5
Correct
Mark 1.00 out of 1.00
Flag question
Question text
Which of the following functional areas of management is responsible for transforming the
organisation’s resources into the final goods and services that are sold to customers?
Whatsapp Marlvin @ +2763 173 8181
