TMA3/GST301 – Entrepreneurship Studies TMA QUESTIONS AND ANSWERS

TMA Quiz Questions

TMA: TMA3/GST301
GST301 – Entrepreneurship Studies
DR SAMAILA MANDE (msamaila@noun.edu.ng )

1 The general partners have ………………..

A. limited liability
B. Unlimited liability
C. participate in the day to day running of the business
C. b and c  

2 The uniqueness of private limited company is that the investors have …………………..

A. limited liability
B. minimum of two person to start the business
C. shares are publicly subscribed
D. Restrictions on the transfer of shares  

3 One of the differences between the public and private limited companies is …………………..

A. the minimum number of owners  
B. the maximum number of owners
C. limited liability
D. unlmited liability of owners

4 One of the major documents of incorporation is …………………..

A. article of partnership
B. Partnership agreement
C. memorandum of association  
D. memorandum of incorporation

5 A team with different levels of hierarchy can be regarded as:

A. Horizontal team
B. Vertical team  
C. Special Purpose team
D. Football team

6 A formal team can be found in ………………….

A. officially designed organizational structure  
B. unofficially designed organizational structure
C. the previously designed organizational structure
D. All of the above

7 Relevant issues in team building include all except :

A. Cohesiveness
B. Goal Specification
C. Independence  
D. Interdependent

8 Effective teams must possess the following characteristics except :

A. team identity
B. competent team members
C. mistrust among team members  
D. mutual trust among team members

9 Two or more people who interact and coordinate their work to accomplish a specific goal can be regarded as :

A. A team  
B. Friends
C. Allied
D. None of the above

10 When a group is created by formal authority of an organization to transform resources inputs into product outputs, such group is known as :

A. Work group  
B. Informal group
C. Unofficial group
D. Psychological group

11 ………………. Is described as the oneness of the group member :

A. Cohesiveness of group  
B .Independence of group member
C. Group Composition
D. Group Norms

12 The theory that stated that the more activities persons share, the more numerous will be their interaction and the stronger will be their sentiments is:

A. Balance theory
B. George Hanmaus theory  
C. Exchange theory
D. Propinquity theory

13 The stage at which group tends to tackle obstacles and conflicts is known as ……………

A. Forming stage
B. storming stage  
C. Initial Integration
D. Total Integration

14 The emergence of a mature organized and well functioning group were complex task dealt with and membership disagreement are handled effectively is known as :

A. Total Integration stage  
B. Initial Integration stage
C. Forming stage
B. Storming stage

15 which of the following is not a feature of vision ?

A. short  
B. succinct
C. inspiring
D. ambigous

16 Core value of an organization is also called …………………………………………….

A. core motive
B. core intent
C. core tenet  
D. core mission

17 Core value is the extent of …………………………. The organization is ready to maintain.

A. Knowledge
B. capacity
C. integrity  
D. inspiration

18 ………………….. Is the reason for the organization’s existence, a clear description of the activities of the organization.

A. core mission
B. core purpose  
C. core movement
D. core activities

19 ………………….. Is creative, looking to a future of greatness; it keeps the organization as well as individual motivated even if the founders are no longer in existence.

A. policy
B. envision future  
C. envisioned vision
D. future

20 If vision is taken away, an organization can set into …………….

A. order
B. progress
C. movement
D. confusion