Deregulation within the airline industry was introduced in South Africa in 1991. Before
deregulation, South African Airways (SAA) was the only service provider on the main domestic
airline routes as well as the international airline routes. The first decade after deregulation
resulted in a wave of low cost airline competitions such as Flitestar, Sun Air, Phoenix Air,
Nationwide, 1time and Velvet sky entering the domestic market.
There are several factors in the business world that apply pressure on a modern-day organisation
such as SAA. Which one of these factors is depicted in the mini-case study above?
a.
Environmental change
b.
Consumerism
c.
Profitability
d.
Corporate Social Investment
The Nelson Mandela Children’s 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’s
Fund is an example of a _______________ organisation.
a.
private owned
b.
non-profit seeking
c.
partnership
d.
state owned
,By its nature, brewing beer is a water-intensive process. Making more beer, but using
less water, is one of SABMiller’s three global focus areas. The transformation of water
and other ingredients, by SAB, into beer and other alcoholic beverages is known as
_________________ .
a.
consumerism
b.
production
c.
exchange
d.
economic principle
South Africa’s unemployment rate is in the region of 27%. If South Africa moves
towards a pure ______________ economy, one of the advantages would be a strong
possibility of full employment.
a.
market
b.
socialistic
c.
command
d.
communistic
A reason for the success of Southwest Airlines lies in the treatment of the airline’s
personnel. Management believes that when employees are treated well, they will treat
customers well, providing a beneficial situation for all stakeholders. Southwest Airlines’
wages are generally lower than those of its competitors but the company sweetens
the deal by making stock options available to employees, enabling them to benefit
from the airline’s financial success.
, By providing their employees with a salary, Southwest Airlines is satisfying the
________________ needs of the employees.
a.
physiological
b.
security
c.
esteem
d.
self-realisation
In a country such as South Africa, the most important characteristic of the business
world in which it operates includes ___________________ .
a.
the freedom of individuals to establish any business of their choice
b.
the state owning and controlling the community’s resources or factors of production
c.
the limited choice of products and services that the state offers
d.
the allocation of resources which are not affected by free markets
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
deregulation, South African Airways (SAA) was the only service provider on the main domestic
airline routes as well as the international airline routes. The first decade after deregulation
resulted in a wave of low cost airline competitions such as Flitestar, Sun Air, Phoenix Air,
Nationwide, 1time and Velvet sky entering the domestic market.
There are several factors in the business world that apply pressure on a modern-day organisation
such as SAA. Which one of these factors is depicted in the mini-case study above?
a.
Environmental change
b.
Consumerism
c.
Profitability
d.
Corporate Social Investment
The Nelson Mandela Children’s 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’s
Fund is an example of a _______________ organisation.
a.
private owned
b.
non-profit seeking
c.
partnership
d.
state owned
,By its nature, brewing beer is a water-intensive process. Making more beer, but using
less water, is one of SABMiller’s three global focus areas. The transformation of water
and other ingredients, by SAB, into beer and other alcoholic beverages is known as
_________________ .
a.
consumerism
b.
production
c.
exchange
d.
economic principle
South Africa’s unemployment rate is in the region of 27%. If South Africa moves
towards a pure ______________ economy, one of the advantages would be a strong
possibility of full employment.
a.
market
b.
socialistic
c.
command
d.
communistic
A reason for the success of Southwest Airlines lies in the treatment of the airline’s
personnel. Management believes that when employees are treated well, they will treat
customers well, providing a beneficial situation for all stakeholders. Southwest Airlines’
wages are generally lower than those of its competitors but the company sweetens
the deal by making stock options available to employees, enabling them to benefit
from the airline’s financial success.
, By providing their employees with a salary, Southwest Airlines is satisfying the
________________ needs of the employees.
a.
physiological
b.
security
c.
esteem
d.
self-realisation
In a country such as South Africa, the most important characteristic of the business
world in which it operates includes ___________________ .
a.
the freedom of individuals to establish any business of their choice
b.
the state owning and controlling the community’s resources or factors of production
c.
the limited choice of products and services that the state offers
d.
the allocation of resources which are not affected by free markets
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
