THE BMZ ACADEMY
THE BMZ ACADEMY
053 8213
BMZ ACADEMY 061 262 1185/068 053 8213Page 1 of 13
, MNB1501-26-S1 Welcome to MNB1501! Assessment 1
QUIZ
Started on Wednesday, 4 March 2026, 5:26 PM
State Finished
Completed on Wednesday, 4 March 2026, 5:48 PM
Time taken 22 mins 35 secs
Marks 20.00/20.00
Grade 100.00 out of 100.00
Question 1
Correct
Mark 1.00 out of 1.00
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
Your answer is correct.
The correct answer is:
to make a profit
,Question 2
Correct
Mark 1.00 out of 1.00
In a ___________________ economy, individuals will need to take the tastes,
preferences and demands of consumers into account when deciding about
production and marketing if they want to make a profit.
a. market
b.
command
c.
socialist
d. centrally directed
Your answer is correct.
The correct answer is:
market
Question 3
Correct
Mark 1.00 out of 1.00
Match the factor of production in column A with the correct description in
column B.
Column A Column B
a. Natural resources (i) Forklift
b. Capital (ii) Factory workers
c. Human resources (iii) Coal
(iv) Patrice Motsepe
a. a (ii) b (i) c (iii)
b. a (iii) b (i) c (ii)
c. a (i) b (iii) c (iv)
d. a (iv) b (i) c (iii)
Your answer is correct.
The correct answer is:
a (iii) b (i) c (ii)
, Question 4
Correct
Mark 1.00 out of 1.00
Which one of the following functional areas of management is responsible for
transforming the organisation’s resources into the final goods and services that
are sold to customers?
a.
Marketing management
b. Information management
c.
Operations management
d. Human resources management
Your answer is correct.
The correct answer is:
Operations management
THE BMZ ACADEMY
053 8213
BMZ ACADEMY 061 262 1185/068 053 8213Page 1 of 13
, MNB1501-26-S1 Welcome to MNB1501! Assessment 1
QUIZ
Started on Wednesday, 4 March 2026, 5:26 PM
State Finished
Completed on Wednesday, 4 March 2026, 5:48 PM
Time taken 22 mins 35 secs
Marks 20.00/20.00
Grade 100.00 out of 100.00
Question 1
Correct
Mark 1.00 out of 1.00
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
Your answer is correct.
The correct answer is:
to make a profit
,Question 2
Correct
Mark 1.00 out of 1.00
In a ___________________ economy, individuals will need to take the tastes,
preferences and demands of consumers into account when deciding about
production and marketing if they want to make a profit.
a. market
b.
command
c.
socialist
d. centrally directed
Your answer is correct.
The correct answer is:
market
Question 3
Correct
Mark 1.00 out of 1.00
Match the factor of production in column A with the correct description in
column B.
Column A Column B
a. Natural resources (i) Forklift
b. Capital (ii) Factory workers
c. Human resources (iii) Coal
(iv) Patrice Motsepe
a. a (ii) b (i) c (iii)
b. a (iii) b (i) c (ii)
c. a (i) b (iii) c (iv)
d. a (iv) b (i) c (iii)
Your answer is correct.
The correct answer is:
a (iii) b (i) c (ii)
, Question 4
Correct
Mark 1.00 out of 1.00
Which one of the following functional areas of management is responsible for
transforming the organisation’s resources into the final goods and services that
are sold to customers?
a.
Marketing management
b. Information management
c.
Operations management
d. Human resources management
Your answer is correct.
The correct answer is:
Operations management
