TMA

TMA4/GST301 – Entrepreneurship Studies TMA 4 QUESTIONS AND ANSWERS

TMA Quiz Questions

TMA: TMA4/GST301
GST301 – Entrepreneurship Studies
DR SAMAILA MANDE (msamaila@noun.edu.ng )

1 Take away skills and have …………………………

A. organizational progress
B. organization stress
C. organization anxiety  
D. organization failure

2 Lack of resources can cause …………………. In an organization

A. slow down
B. frustration  
C. efficiency
D. others

3 Lack of action plan can cause ………………….

A. progress
B. false start  
C. clear way
D. none of the above

4 An entrepreneur must be open to ……………. And be ready to adjust.

A. criticism  
B. challenge
C. other
D. none of the above

5 The three levels of Regulation in Nigeria are …………………….

A. The judiciary, Legislative and Executive
B. Federal, State and Local government  
C. Decree, Laws and
D. Federal, Judiciary and Executive

6 The organisation that is concerned with the registration of Business in Nigeria is ………………….

A. EFCC
B. Standard Organisation of Nigeria
C. Corporate Affairs Commission  
D. ICPC

7 An agency that is concerned with the investigation of all financial crimes is …………………

A. CAC
B. SON
C. NAFDAC
D. EFCC  

8 An agency that is responsible for providing advice, educate to public on and against bribery and corruption is

A. EFCC
B. ICPC  
C. SON
D. CAC

9 One of the following is not the promotional / supportive roles of Gvernment

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A. Tax holiday
B. Financial incentive
C. Infrastructural development
D. Tax evasion  

10 The …………… environment prescribes acceptable principles and guides in business relationship.

A. Economic
B. regulatory/legal  
C. judiciary/executive
D. political and judicial

11 The …………………. Was established by the Companies and Allied Matters Act (CAMA) 1990 as a corporate body with perpetual succession and a common seal.

A. Corporate Affairs Commission
B. Standards Organisation of Nigeria
C. National Agency for Food and Drug Administration Control
D. none of the above  

12 The headquarters of the Corporate Affairs Commission is based in?

A. Lagos
B. Abuja the Federal Capital Territory  
C. Port Harcourt
D. All of the above

13 Establishing and maintaining companies” registry and offices in all the states of the Federation is a function of ………………………

A. National Council  
B. National Affairs Commission
C. Corporate Affairs Commission
D. All of the above

14 Ensuring that the use of narcotic drugs and psychotropic substances are limited to medical and scientific purpose is a function of …………………………..

A. SON
B. EFCC  
C. NAFDAC
D. CAC

15 The need for a business plan includes all except:

A. Planning to launch a new business
B. Expanding your existing business
C. Adding a new product or product line
D. Increasing your labour force  

16 A plan must be ……………………

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A. Readable
B. Accommodating
C. Explicit  
D. Durable

17 One of the benefits of planning is ……………

A. It justifies your plan and actions  
B. It increases “firefight”
C. It keeps ideas in your memory
D. It indicates your inability

18 A written business plan should have all the following except ………………

A .financial information
B. product or service
C. business objective
D. liquidation plan  

19 The type of business you are planning should be stated under –

A. Description of the business  
B. Marketing
C. Organisation
D. All of the above

20 Which of the following question will be answered in a business plan under organisation?

A. What products or services will you sell?
B. Who are your potential customers?
C. How will you promote sales?
D. Who will manage the business?  

 

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8 Comments

  1. Q 11. The …………………. Was established by the Companies and Allied Matters Act (CAMA) 1990 as a corporate body with perpetual succession and a common seal. the answer is corporate affairs commission check your text book page 75

  2. Pls I need answer on this .entrepreneurship development is an essential core course in tertiary institution
    2 financial and plan implemention strategies are also developed to fast track the

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