MNB1501 Assignment 1 (COMPLETE ANSWERS) Semester 1 2026 - DUE 24 March 2026

MNB1501 Assignment 1 (COMPLETE ANSWERS) Semester 1 2026 - DUE 24 March 2026; 100% TRUSTED Complete, trusted solutions and explanations. For assistance, Whats-App 0.8.1..2.7.8..3.3.7.2... Ensure your success with us. 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. self-actualisation ego social physiological When an economy is a combination of private enterprise, government ownership of resources and government planning of the economy, this is called a ___. free-market economy command economy mixed economy socialist economy Which one of the following statements are correct? According to Maslow, human needs are classified in a hierarchy where the highest needs must be satisfied before the lower-level needs can receive attention. Psychological needs are the basic survival needs such as the need for water, food and clothing. According to Maslow, not all people have the same basic needs. Esteem needs are all ego-driven needs. Which of the following functional areas of management is responsible for establishing the need-satisfying products and services and making them available to customers? Marketing management Information management Operations management Human resources management Gloria, an entrepreneur who owns the Sebenza Cleaning Company, has just secured a five-year contract with the Alex Shopping Centre to clean the building. Gloria needs to know what resources are required to provide cleaning services to the shopping centre for the next five years. _______ are the most relevant management skills for performing this function. Project management skills Planning skills Human relations skills Organisational skills ________ help an aspiring entrepreneur to source the necessary funding for a new business initiative. A feasibility study Ideas and opportunities Aptitude and personality A business plan Which one of the following statements regarding a franchise is not true? A legally binding relationship is established between the franchisor and the franchisee. There is no risk of failure in starting a franchise as the franchisor gives support. Franchising requires tremendous time to learn the trade of the franchise environment. Franchisees should have interpersonal skills to develop relationships with employees. Which of the following statements does not represent a benefit of buying an existing business? It involves the continuation of a current business. Customers are familiar with the location of the business. The new owner does not inherit past liabilities. Inventory and equipment will be in place. One of your fellow students recently started a business with his two brothers and three cousins. The name of the company is Maluleke Inc. This kind of company is known as _______________. state-owned public private personal liability Grace Mokoena is planning to open a hair salon in Orlando East, Soweto. Which of the following is NOT one of the factors that Grace should consider when choosing a location for the business? near friends near its market near competitors according to personal preference Which of the following is a common reason for small businesses to fail due to external factors? fraud in the business overlooking competition inadequate financial records failure to diversify the customer base Which of the following is a common reason for small businesses to fail due to financial inadequacy? economic recession fraud in the business failure to learn from past mistakes overlooking the insights of qualified accountants The mission statement of the organisation refers to _________. the existence of the organisation excellent customer service people and resources staying profitable The productivity of people and resources objectives include aspects such as __________. Controlling costs and expenses Keeping customers happy Ensuring profitability Purchasing new equipment Which of the following are macroenvironmental variables? technological intermediary competitors social economic Choose the correct option below. a; b; c b; c; d a; b; e a; d; e Tania is the Head of Human Resource Management at Gala Recording company. Human Resource Management is a component of which sub-environment? human macro social micro The ______ is a means to identify listed companies that integrate the idea of triple bottom-line reporting into their business activities in South Africa. Corporate Social Investment Corporate Governance report JSE Socially Responsible Investment Index Global Reporting Initiative If a company such as Hyperama supports a local nursing home, it _______. plays the rule of the game complies with the law promotes sustainability improves the quality of life Which one of the following statements is NOT one of the aspects of corporate governance? Instability is critical in ensuring that there is good corporate governance. Innovation, fairness and collaboration are critical regarding sustainability. Sustainability reporting is a crucial facet of good corporate governance. Good governance is about effective leadership. James is working for Sibanye Goldmine as an executive tasked with ensuring that Sibanye becomes a responsible business. He presents the benefits of incorporating good corporate social responsibility practices to the board of directors. Which one of the following will NOT contribute to the organisation's financial bottom line? Energy-saving technology saving on the electrical bill Positive company reputation resulting in customer loyalty Fuel-saving technologies save company costs Investing in high-energy consumption equipment Tania wants to start a gardening service company in her neighbourhood and surrounding suburbs. She needs resources to start her business. ______ are the most appropriate resources for setting up a business. Human resources Physical resources Financial resources Operating resources Kudakwashe Musona decided to register her business as a legal business entity. Her friend, Pretty Mazwai, is going to be her business partner and will contribute 50 percent of the capital they will require to get the business started. However, neither Kudakwashe nor Pretty wants to take personal liability for the business, and they also do not want to appoint a director. For which type of legal entity would you suggest she register? company partnership business trust sole proprietorship Which one of the following is NOT one of the criteria used by Woolworths to select the premises of its stores? The site should provide adequate security. There should be less convenient parking facilities. The premises should be located near other national retailers, banking and other facilities. The building must comply with Woolworths specifications of size, quality of finish and so forth. The advancement of ______________________________ can greatly contribute to the Gross Domestic Product, reduce unemployment and stimulate social welfare. inequality unemployment foreign business ownership Small, Medium and Micro Enterprises James Biko is working at a large company that produces television shows for the local broadcaster. He is keen to start his own production company and has started the process of establishing his own business. He will have to employ at least 20 employees to start his business and due to the nature of the industry he is expecting the company turnover to be more than 80 million rand. Which one of the following would be the biggest consideration for James Biko when choosing a form of enterprise for his new business? control compliance limited liability legal personality Makro receives goods from manufacturers and sells them to small businesses. It performs the role of the .................. supplier competitor intermediary producer _______ is the process of the measurement, projection and evaluation of change in the different sub environments. Management evaluation Environmental scanning Market planning Change management Which of the following are macro environmental variables? technological intermediary competitors social economic a; b; c b; c; d a; b; e a; d; e The variables in the ____________ environment influence businesses directly and indirectly. task micro market macro Which one of the following statements is correct regarding the triple bottom line? It measures the financial profit or loss of the business. It measures the impact of the share value of the business. It measures the business financial, social and environmental impact. It measures the impact of financial instruments on the business. Which one of the following is NOT included in the KING IV Report on good corporate governance practices? Corporate citizenship Traditional bottom line Sustainability reporting Social responsibility Which one of the following statements is NOT one of the aspects of corporate governance? Instability is critical in ensuring that there is good corporate governance. Innovation, fairness and collaboration are critical regarding sustainability. Sustainability reporting is a crucial facet of good corporate governance. Good governance is about effective leadership. When Ackermans makes their financial matters and social and environmental issues part of their financial reporting available to the public, this refers to _______ reporting. financial sustainability shareholder corporate 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? The market economy The command economy Free market economy Mixed economies Which one of the following is a disadvantage of a command economy? The environment is unstable There are high social costs Planning is difficult or impossible State organisations can be unproductive The most important characteristic of the business world in countries that adopt a market economy is _____________________ that the business involves human activities that businesses produce predominantly tangible products such as bread, cars and houses that individuals themselves decide what to produce, how to produce it and at what price to sell the product that the rationing of products occurs and prices of products are set by the state The _____________________ function is responsible for acquiring all products and materials that are required by the business to function profitably. operations purchasing and supply human resources general management The personnel at Southwest Airlines are part of the _________________ resources that make up the business. natural physical capital human In a country such as South Africa, the most important characteristic of the business world in which it operates includes ___________________ the freedom of individuals to establish any business of their choice the state owning and controlling the community resources or factors of production the limited choice of products and services that the state offers the allocation of resources which are not affected by free markets Employment equity is the notion that ____________________ the composition of the workforce should reflect the composition of top management the composition of the workforce should reflect the composition of the community employment should be provided on an equitable basis to all job seekers human resources is the most important contributor to the business equity South Africa unemployment rate is in the region of 27 percent. If South Africa moves towards a pure ____________ economy, one of the advantages would be a strong possibility of full employment. market socialistic command communistic The voluntary compliance of businesses with practices that are sustainable is known as ___________________ business ethics consumerism corporate sustainability corporate social responsibility The Nelson Mandela Children Fund is a charitable organisation founded by Nelson Mandela that strives to change the way society treats its children and youth. Its mission is to give voice and dignity to the African child by building a rights based movement. The Nelson Mandela Children Fund is an example of a _______________ organisation. private owned non profit seeking partnership state owned An internal locus of control indicates ____________________________________ a person need to be in charge of his or her own destiny that a person is attracted to a job that challenges their skills and problem solving abilities a person ability to create something new or original that a person believes that the outcome of an event is primarily out of his or her control