MNB1501 Business Management 1 (MNB1501)

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MNB1501 - Exam Prep Oct/Nov 2019 The business world and business management The most important characteristic of the business world in countries that adopt a market economy is 1. That the business involves human activities 2. That the businesses produce predominantly tangible products such as bread, cars and houses 3. That individuals themselves decide what to produce, how to produce and what to price to sell the product 4. That the rationing of products occurs and prices of products a...

MNB1501 Assignment 2 Semester 2 2022. Business Management 1. When Edgars Stores Limited was listed on the JSE in 1946, what type of company was it? Select one: a. State company b. Private company c. Public company d. Non-profit organisation Feedback The correct answer is: Public company ”For start-up financing, he used his own money – some of it generated from sales of earlier start-up businesses.” The above scenario refers to _______________, which is one of the four Cs ba...

MNB1501 Assignment 2 Semester 2 2022. MNB1501 - Business Management 1. When Edgars Stores Limited was listed on the JSE in 1946, what type of company was it? Select one: a. State company b. Private company c. Public company d. Non-profit organisation Feedback The correct answer is: Public company ”For start-up financing, he used his own money – some of it generated from sales of earlier start-up businesses.” The above scenario refers to _______________, which is one of the ...

MNB1501 Assignment 2 Semester 2 2022. ”For start-up financing, he used his own money – some of it generated from sales of earlier start-up businesses.” The above scenario refers to _______________, which is one of the four Cs banks use to evaluate a loan application. Select one: a. capital b. character c. collateral d. conditions Feedback The correct answer is: capital We treat the individual, our customers, employees, shareowners and the community with care and respect. T...

MNB1501-Business Management 1 Exam Prep For Distinction 2022. The business world and business management The most important characteristic of the business world in countries that adopt a market economy is 1. That the business involves human activities 2. That the businesses produce predominantly tangible products such as bread, cars and houses 3. That individuals themselves decide what to produce, how to produce and what to price to sell the product 4. That the rationing of products occu...

MNB1501-Business Management 1 STUDY SUMMARY NOTES FOR 2022. Contents 1. Business world & business management ............................................................................................... 3 1.1. Key concepts .................................................................................................................................... 3 1.2. Role of business in society ...........................................................................................................

MNB1501-Business Management 1 ASSIGNMENT 1 SEMESTER 1 POSSIBLE SOLUTIONS 2022. STUDY UNIT 1: THE BUSINESS WORLD AND BUSINESS MANAGEMENT QUESTION 1 The fundamental economic problem society is confronted with involves _. 1. ensuring they get what they want 2. choosing how it will use its scarce resources to the maximum effect in order to satisfy its needs 3. ensuring the lowest possible satisfaction of needs with these scarce resources (Refer to Section 1.3.3 in the textbook) 4. making as mu...

MNB1501 - Business Management 1 Study Notes & Summary . 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 & tabl...