2025 – S1 – MNB1501 – ASSESSMENT 1 – Q&A
Assessment 1
Started on Monday, 3 March 2025,
State Finished
Completed on Monday, 3 March 2025,
Time taken
Marks 20.00/20.00
Grade 100.00 out of 100.00
Question 1
Which of the following functional areas of management is responsible for
establishing the need-satisfying products and services and making them available to
customers?
a.
Marketing management
b.
Information management
c.
Operations management
d.
Human resources management
Feedback
Your answer is correct.
The correct answer is:
Marketing management
1
,2025 – S1 – MNB1501 – ASSESSMENT 1 – Q&A
Question 2
Charmaine is the owner of an exclusive guesthouse in Paternoster. She is planning
for the tourism season of the year, and she is assessing the viability of targeting the
German market for the December holidays. Which functional area of her business
will be responsible for this task?
a.
General management
b.
Operations
c.
Marketing
d.
Purchasing
Feedback
Your answer is correct.
The correct answer is:
Marketing
Question 3
The economy in which Vodacom and MTN function is characterised by intense
competition and rivalry. What type of economy is this?
a.
Free-market economy
b.
2
,2025 – S1 – MNB1501 – ASSESSMENT 1 – Q&A
Competitive economy
c.
Socialist economy
d.
Freedom economy
Feedback
Your answer is correct.
The correct answer is:
Free-market economy
Question 4
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.
d combines expertise and resources to produce products and services.
a.
ab
b.
cd
c.
3
, 2025 – S1 – MNB1501 – ASSESSMENT 1 – Q&A
bcd
d.
abcd
Feedback
Your answer is correct.
The correct answer is:
abcd
Question 5
Kobus and Thami are friends who want to start a new business. To be successful,
which one of the following do they need to do before they start a business?
a.
Draw up a marketing strategy.
b.
Draw up an interpersonal relations strategy.
c.
Do a fact-finding exercise.
d.
Do an intrapreneurship exercise.
Feedback
Your answer is correct.
4
Assessment 1
Started on Monday, 3 March 2025,
State Finished
Completed on Monday, 3 March 2025,
Time taken
Marks 20.00/20.00
Grade 100.00 out of 100.00
Question 1
Which of the following functional areas of management is responsible for
establishing the need-satisfying products and services and making them available to
customers?
a.
Marketing management
b.
Information management
c.
Operations management
d.
Human resources management
Feedback
Your answer is correct.
The correct answer is:
Marketing management
1
,2025 – S1 – MNB1501 – ASSESSMENT 1 – Q&A
Question 2
Charmaine is the owner of an exclusive guesthouse in Paternoster. She is planning
for the tourism season of the year, and she is assessing the viability of targeting the
German market for the December holidays. Which functional area of her business
will be responsible for this task?
a.
General management
b.
Operations
c.
Marketing
d.
Purchasing
Feedback
Your answer is correct.
The correct answer is:
Marketing
Question 3
The economy in which Vodacom and MTN function is characterised by intense
competition and rivalry. What type of economy is this?
a.
Free-market economy
b.
2
,2025 – S1 – MNB1501 – ASSESSMENT 1 – Q&A
Competitive economy
c.
Socialist economy
d.
Freedom economy
Feedback
Your answer is correct.
The correct answer is:
Free-market economy
Question 4
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.
d combines expertise and resources to produce products and services.
a.
ab
b.
cd
c.
3
, 2025 – S1 – MNB1501 – ASSESSMENT 1 – Q&A
bcd
d.
abcd
Feedback
Your answer is correct.
The correct answer is:
abcd
Question 5
Kobus and Thami are friends who want to start a new business. To be successful,
which one of the following do they need to do before they start a business?
a.
Draw up a marketing strategy.
b.
Draw up an interpersonal relations strategy.
c.
Do a fact-finding exercise.
d.
Do an intrapreneurship exercise.
Feedback
Your answer is correct.
4
