MNB1501 BUSINESS MANAGEMENT 4

MNB1501 BUSINESS MANAGEMENT 4

STUDY QUIZZES

Q & A 2024

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

Employment equity is the notion that .a.the composition of the workforce should reflect the composition of top management

b.the composition of the workforce should reflect the composition of the community

c.employment should be provided on an equitable basis to all job seekers

d.human resources is the most important contributor to the business' equity

The voluntary compliance of businesses with practices that are sustainable is known as .

a.business ethics

b.consumerism

c.corporate sustainability d.

corporate social responsibility

Joe makes wooden toy trains to sell at a local market. He uses wooden blocks, glue and paints to create the toy trains. This process is known as .

a.production

b.exchange

c.co-operation

d.operations

An internal locus of control indicates .

Select one:

a.a person’s need to be in charge of his/her own destiny

b.that a person is attracted to a job that challenges their skills and problem-solving abilities

c.a person’s ability to create something new or original

d.that a person believes that the outcome of an event is primarily out of his/her control

A is the collection of data that helps forecast whether an idea, opportunity or venture will survive.

Select one:

a.SWOT analysis