MNB1501 ASSIGNMENT 01 SEMESTER 1 2024 (720685)

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MNB1501 ASSIGNMENT 01_SEMESTER 1_2024
Started on Thursday, 21 March 2024, 12:35 PM
State Finished
Completed on Thursday, 21 March 2024, 12:43 PM
Time taken 8 mins 18 secs
Marks 20.00/20.00
Grade 100.00 out of 100.00
Question 1
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Question text
After an alien invasion, Earth has to resort to the extreme protection of its resources in
order to survive. A global government is elected with the mandate to control all the
resources which remain to humanity. The global government serves as a centrally directed
economic system and has assumed complete responsibility for producing and distributing
products and services. Which one of the following best describes the main economic
system used in this new world order?



a.
The market economy



b.
The command economy
c.
Free-market economy
d.
Mixed economies
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Your answer is correct.
The correct answer is:
The command economy

Question 2
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Question text
The number of cellphones in South Africa surpasses the number of people living in the
country. Cellphone use in South Africa has increased enormously during the last decade.
Besides calling people, South Africans use their phones to send text messages, access
social media sites, chat with a group of friends on instant messaging services and browse
the internet. The need for constant communication with friends is a ______________ need
according to Maslow’s hierarchy of needs.
a.
self-actualisation
b.
esteem
c.
physiological
d.
social
Feedback
Your answer is correct.
The correct answer is:
social

Question 3
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Question text
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
Feedback
Your answer is correct.
The correct answer is:
Information management



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Question 4
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Question text
Pirates Soccer Club can be classified as a ________________.
a.
private enterprise
b.
public corporation
c.
non-profit-seeking organisation
d.
government organisation
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The correct answer is:
private enterprise

Question 5
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Question text
The primary purpose of a free-market system is .................. while satisfying the needs of the
people.
a.
to work for the glory of the state
b.
to ensure sustainability
c.
to make a profit
d.
to adhere to the ethics code of conduct
Feedback
Your answer is correct.
The correct answer is:
to make a profit

Question 6
Correct



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