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MNB1501 ASSIGNMENT 1 SEMESTER 1 2021 SOLUTIONS

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  • Course
  • MNB 1501-Business Management 1A (MNB1501)
  • Institution
  • University Of South Africa (Unisa)

MNB1501 ASSIGNMENT 1 SEMESTER 1 2021 SOLUTIONS WITH CLEAR AND DETAILED REFERENCES FROM THE PRESCRIBED TEXTBOOK. THIS DOCUMENT IS 100% GUARANTEED TO HELP YOU PASS YOUR ASSIGNMENTS, AS WELL AS IN YOUR PREPARATION FOR THE FINAL EXAM. 2021 IS YOUR YEAR TO SHINE!

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  • January 17, 2021
  • 6
  • 2020/2021
  • Other
  • Unknown

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  • mnb1501
  • mnb1501 assignment 1 semester 1 2021 solutions
  • unisa

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  • University of South Africa (Unisa)
  • MNB 1501-Business Management 1A (MNB1501)
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MNB1501 EDUCATION


Assignment 01
Semester 01
2021




Disclaimer: We are not afiliated to any university and this document may not be used
to plagiarize but only for revision, un derstand ing and comparison purposes.


Do Not Duplicate


For Registaration Email to Geniustutorpta@gmail.com

, MNB1501
ASSIGNMENT 1


Question 1

Option 4

Reference: TEXTBOOK PAGE 14

Given its unlimited needs but limited resources, society is confronted with the fundamental
economic problem: how to ensure the highest possible satisfaction of needs with these scarce
resources. This is also known as the economic principle.


Question 2

Option 4

Reference: TEXTBOOK PAGE 52

Human resources are people such as the management team, lawyers, accountants, and
technical and other consultants. Human resources are people with knowledge and skills who
contribute to the success of the venture.


Question 3

Option 1

Reference: TEXTBOOK PAGE 354

At the bottom of the hierarchy are the physiological needs, which include food, drink, sex and
air. These are the basic ingredients for survival and for biological functioning. In an organisation,
these needs of employees are satisfied by the provision of things such as a salary, rest rooms, a
cafeteria, heating and adequate lighting.


Question 4

Option 1

Reference: TEXTBOOK PAGE 3

Secondly, business involves production. Production is the transformation of certain resources
into products and services, as illustrated in Figure 1.1. This may be, for example, the conversion
of flour, sugar and butter into bread, or the conversion of bricks, sand, cement, wood and steel
into a house.

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