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MNB1501 Assignment 1 Semester 1 2025

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MNB1501 Assignment 1 Semester 1 2025

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Assessment 1: Attempt review https://mymodules.dtls.unisa.ac.za/mod/quiz/review.php?attempt=241
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MNB1501-25-S1  Welcome Message  Assessment 1

QUIZ




Thursday, 6 March 2025, 8:05 PM
Finished
Thursday, 6 March 2025, 8:30 PM
24 mins 27 secs
20.00/20.00
out of 100.00



Correct

Mark 1.00 out of 1.00




Dineo has a strong desire to be promoted at work and enrols in further studies to
achieve this goal. According to Maslow’s hierarchy of needs, Dineo has a desire to
become more than what he is, and he wants to satisfy his _____ needs.


a. self-actualisation 

b. ego

c. social

d. physiological




Your answer is correct.
The correct answer is:
self-actualisation




1 of 11 2025/03/06, 20

,Assessment 1: Attempt review https://mymodules.dtls.unisa.ac.za/mod/quiz/review.php?attempt=241




Correct

Mark 1.00 out of 1.00




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 




Your answer is correct.
The correct answer is:
social




Correct

Mark 1.00 out of 1.00




Which one of the following statements is incorrect?


a. All non-pro�t seeking organisations are state owned. 

b. Welfare organisations are non-pro�t-seeking organisations.

c. Society pays for the services of the South African Police Services by means
of taxes.

d. A closed corporation is a type of business organisation.




Your answer is correct.
The correct answer is:
All non-pro�t seeking organisations are state owned.




2 of 11 2025/03/06, 20

,Assessment 1: Attempt review https://mymodules.dtls.unisa.ac.za/mod/quiz/review.php?attempt=241




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 �nancial 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.




Correct

Mark 1.00 out of 1.00




Peet, as an entrepreneur, needs to be able to evaluate the relevance of his products.
He also needs to understand what attracts his customers, as well as their changing
needs and wants. Which one of the following entrepreneurial skills should Peet apply?


a. management skills

b. interpersonal skills

c. communication skills

d. marketing skills 




Your answer is correct.
Applying marketing skills involves evaluating the relevance of products or services in
the target market. An entrepreneur should have an idea of whom to sell products or
services to and be able to create and satisfy the needs and wants of the identi�ed
market. (See 2.4, lesson 2.)
The correct answer is:
marketing skills




3 of 11 2025/03/06, 20

,Assessment 1: Attempt review https://mymodules.dtls.unisa.ac.za/mod/quiz/review.php?attempt=241




Correct

Mark 1.00 out of 1.00




Sue is the owner of Constantia’s BMW car dealership. She has employees with
technical expertise who service cars. One of her management functions is to allocate
daily responsibilities to her employees. She also liaises with clients daily as they
come to the dealership to have their cars serviced. _______ are the most required
management skills for performing this function.


a. Planning skills

b. Project management skills



c. Interpersonal skills 

d. Organisational skills




Your answer is correct.
Human relations or interpersonal skills involve interacting with, communicating with,
leading, motivating and forming relationships with employees. Human relations or
interpersonal skills are also crucial in developing relationships with various external
stakeholders, such as customers, prospective customers, suppliers and distributors,
to ensure the sustainability and smooth running of a business. (See 2.4, lesson 2.)
The correct answer is:
Interpersonal skills




Correct

Mark 1.00 out of 1.00




________ help(s) an aspiring entrepreneur to source the necessary funding for a new
business initiative.


a. A feasibility study

b. Ideas and opportunities

c. Aptitude and personality

d. A business plan 




Your answer is correct.
A business plan helps an aspiring entrepreneur to secure funding by assuring
potential investors of the likelihood of the business’s success. (See 2.3, lesson 2.)
The correct answer is:
A business plan




4 of 11 2025/03/06, 20

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