MNB1501

QUESTIONS AND ANSWERS

ASSIGNMENT 01 This assignment covers chapters 1 to 4 of the prescribed book. We recommend submitting your assignment online on MYUnisa. STUDY UNIT 1: THE BUSINESS WORLD AND BUSINESS MANAGEMENT QUESTION 1 A businesses’ effort to provide the greatest possible need satisfaction with limited available resources is known as . 1 need satisfaction 2 productivity 3 the rate of return on total capital 4the economic principle QUESTION 2 The Nelson Mandela Children’s Fund is a charitable or...

MNB1501 S MNB1501 S

Business Management Notes (MNB1501) Study Unit 1: The Business World and Business Management The role of business in society • Transformation of resources into goods and services society needs. • Business cannot operate without society. • Needs and values of society influence what business does? - Protecting the environment. • Organizations influence behaviour patterns of people in a particular society by developing new products. - Impact of cell phones & tablets on social life....

MNB SELF ASSESSMENT 1. The use of brilliant mathematicians, engineers and technology is an example of the ------------ resources google uses to create the services and products that they provide. A. Natural B. Human C. Capital D. Entrepreneurial 2. Google’s focus is on creativity and innovation and providing a challenging environment to ensure that the _needs of employees are satisfied. A. Physiological B. Security C. Esteem D. Self-realisation 3. ...