ENT102 TMA

Q1 Which of the following involves filling and keeping filled, organizational the positions
Staffing
Organizing
Leading
Communication

Q2 Which of the following is not emphasized in the definition of a cooperative society
Voluntary association
Collective effort
Economic gain
Sale at market control

Q3 Which of the following is not a disadvantage of trade discount
It is costly
Loss of the advantage of a cash discount
Trading discount
Investment opportunities

Q4 The minimum number of people that can form a public limited liability company is
Seven
Ten
Six
Two

Q5 In marketing the desires for specific satisfaction of deeper needs are called
Wants
Needs
Satisfaction
Interest

Q6 Product includes the following except?
An object
A service
An idea
Thinking

Q7 Which of the following is not a principle of co-operative society?
Political and religious neutrality
Strictly cash trading
Co-operation
Sale at market price

Q8 Which of the following is not found in the memorandum of association
Location of the company
Objectives of the company
Profit sharing ratios
Proposed capital

Q9 Which of the following is not a feature of a private company?
It cannot sell shares to the public
Its shares can only be transferred with the consent
Its shares are not quoted on the stock exchange
It has a maximum of 50 shareholders

Q10 The manner in which strategy is developed is known as
The content
The context
The process
The action

Q11 Which of the following is not found in company memorandum
The name of the company
Location of the company
Objectives of the company
Profit sharing

Q12 The acronym FUSSI stands for which of the following?
Funds for Small-Scale Industries
  Finance for small-scale industries
  Functional unit of small-scale industries
First inter state insurance fund

Q13 Which of the following curtail capacity building and inhibit access to technical support
       pro-active regulatory
      environment administrative and trade barriers
     Significant infrastructural deficits
    Absence of regulatory mechanisms

Q14 Which of the following is not a member of the internal environment?
   Physical environment
Organizational structure
  Customers
Organizationl resources

Q15 Which of the following is true about entrepreneurs and change
They search for change
They respond to change
They exploit change as an opportunity
All of the above

Q16 Which of the following is not a member of the task environment?
       Distributors
Suppliers
Competitors
Owners

Q17 In which of the years was entrepreneurship education made compulsory tertiary institutions
2010
2009
2011
2008

Q18 Private limited liability company is formed by which of the following?
2-40 persons
2-50 persons
2-60 persons
4-50 persons

Q19 Which of the following is a reason for self- employment?
use of personal skills
      Disliked of challenge
       Control over oneâ??s life
      Building for the family

Q20 which of the following is not a reason for promoting entrepreneurship
Development of local technological base
Reduction in rural-urban drift
Mobilization of domestic saving
None of the above

Q21 SMIEIS stands for which of the following?
Small and medium enterprises employment system
Small&medium industries equity investment scheme
Small men investment scheme
Small & medium industries equipment investment

Q22 NDE stands for which of the following?
Nigerian directorate of employment
National directorate of employment
National development of employment
National directorate of energy

Q23 SMEDAN stands for which of the following?
Small and medium enterprises development Agency of Nigeria
Small medium employees development Agency
State modern enterrises docAgency of Nigeria
None of the above

Q24 Which of the following hinders youth empowernment?
Lack of infrastructural facilities
Inadequate working capital
Low standard of education
All of the above

Q25 Whick of the following sills is not required for youth leadership?
Communication
Delegation
Initiative
Responsibility

Q26 Which of the following is not an auxillary function of markeking?
Risk bearing
Marketing finance
Market information
Sorting

Q27 Which of the following focues on the need of the buyer?
Product concept
Production concept
Marketing concept
Selling

Q28 Which of the following is associated with the co-operative movement?
Rockdale Pioneers
Robert Owen
Peter Drucker
      Adam Smith

Q29 Which of the following is not part of the communication process?
Sender
Media
Decider
Receiver

Q30 All of the following except one is a characteristics of communication?
Relevance
Accuracy
Completeness
Competition

Q31 Which of the following is the foundation of motivation?
Needs
wants
Demand
Energy

Q32 Which of following is not an objective task of the manager
Organizing
Planning
Staffing
Controlling

Q33 Which of the following managerial function is concerned with defining workforce requirements?
Organizing
Planning
Staffing
Leading

Q34 Which of the following role is not played by an entrepreneur?
Informational
Decisional
Interpersonal
Institutional

Q35 Which of the following managerial function is concerned with the development of structure?
Organizing
Planning
Staffing
Leading

Q36 Which of the following is the second step in the planning process?
Objective setting
Search for opportunities
Target setting
Implementation

Q37 Forecasting should be able to answer the following questions except?
To whom will we buy?
To whom will we sell?
What products or services will be provided?
All of the above

Q38 Which of the following is not true about partnership?
It can get more capital through shares
Consent of other partners.in share transfer
Death of partner can lead to death of business
  Most partnership business have no legal backing

Q39 Which of the following areas requires managerial forecast?
Technology
Economy
Public opinion
All of the above

Q40 Another name for Dormant partner is
Nominal partner
Sleeping partner
Working partner
      partner

Q41 All of the following is a disadvantage of entrepreneur except?
Long hours of work
High level of stress
Ethical behaviour
Burden of responsibility

Q42 Which of the following is not part of CSR
Ethical behaviour
Better treatment of employees
Production of quality products
Low price of products

Q43 Which of the following best describes �the propensity to take risk�?
Entrepreneurs should take high risk
Entrepreneurs should take calculated risk
Entrepreneurs should accept risk
There is a trade- off between risk and return

Q44 Which of the following is not an advantage of an entrepreneur
Autonomy
Financial control
Feeling of achievement
None of the above

Q45 Which of the following is not a universal trait required by entrepreneur
High need for achievement
Tolerance for ambiguity
Internal locus of control
None of the above

Q46 Which of these is not a source of finance for the partnership
      Contribution from Partners
      Ploughing back profits
      Borrowing from the bank
    Debentures

Q47 Which of the following is concerned with the value of goods and services can buy
Nominal income
Real income
Buying income
Purchasing income

Q48 Which of the following is not part of a market?
Potential buyers
Current buyers
A&B
None of the above

Q49 Which of the following is not part of managerial control?
Standards
Measuring
Comparison
Details

Q50 Which of the following influences others towards the achievement of group goals
Leader
Manager
Employees
Organization

Q51 A Sole trade is formed by which of the following numbers of individuals
2-5 persons
5-10 persons
2-50 persons
None of the above

Q52 Which of the following managerial functions involve decision making ?
Planning
Organizing
Leading
All of the above

Q53 Production involves the following except?
In-put
Out-put
Feedback
None of the above

Q54 The loss only their finacial contributions in the of bankruptcy, is known as?
Owners equity
Unlimited liability
Dilutted liability
Limited liability

Q55 A strategy whose final objective is unclear is known as.
Copied strategy
Emergent strategy
Realized strategy
Formalized strategy

Q56 Which of the following best describes internal Business environment
The analysis of the economic decisions and actions
The perfomance of Economic activities
conditions inside the organizationâ??s boundaries
All of the above

Q57 When a business does good for the society it is called
Corporate social responsibiliy
Corporate assistance
Managerial assistance
Managerial work

Q58 Which of the following is not required in a contract?
Decision
Offer
Acceptance
Consideration

Q59 Which of the following is not an objective of business?
Growth
Development
Survival
Profit

Q60 Which of the following is not associated with the business environment?
Complexity
Anonymity
Dynamism
Impact

Q61 Which of the following is not related to marketing
Advertising
Personal Selling
Sales promotion
None of the above

Q62 All of the activities in producing and distributing goods and services is known as
Marketing
Selling
Business
Production

Q63 Which of the following best describes Tort in law?
Benefits enjoyed for the promise
Price for non performance
Agency
Civil wrong other than a breach of contract or trust

Q64 The analysis of the economic decisions and actions of individuals and firms is known as
Meta analysis
Macro-analysis
Micro-analysis
Joint analysis

Q65 Which of the following performs an oversight function in the management of business?
Board of Directors
Executive officers
Top management
All of the above

Q66 Which of the following is not an advantage of partnership
Greater continuity
Limited liability
Ease of formation
      Tax advantage

Q67 Another name for passive partner is
Nominal partner
Sleeping partner
Working partner
Dormant partner

Q68 Which of the following is true of market economy Greater continuity
Economic problems are solved by the state and its agencies
Economic problems are solved by price system
Economic problems are solved by money
Economic problems are solved by men

Q69 Which of the following statements best describes fiscal policy?
Decision individuals and firms
The study of government
Macro- analysis
Micro-analysis

Q70 Which of the following statements best describes technology?
The ability to create something new
The ability to see the big picture
The ability to thinks
The sum of current knowlegde

Q71 Which of the following is referred to as the constitution of the partnership business
Deed of Partnership
     Act of partnership
     Secret of partnership
sole of partners

Q72 Which of the following is an ‘artifical person’ before the law?
Partnership
Cooperative society
Sole trader
Company

Q73 Which of the following is an advantage of sole trader over partnership?
ease of formation
Greater capital
Delegation
Better management

Q74 Which of the following is a part of intrapreneurship?
Corporate venturing
Risk taking
Salesmanship
Initiative

Q75 The term Entrepreneur was coined from which of the following?
German word
French word
English word
Spanish word

Q76 Which of the following is not associated with entrepreneurship?
Drucker
Smith
Mintzberg
None of the above

Q77 The application of new methods or ideas in business bset describes which of the following?
Innovation
Creativity
Imitation
Copying

Q78 Corporate entrepreneurs are otherwise called
Initiators
Champions
Intrapreneurs
Businessmen

Q79 Another name for Tenacity as one of the traits under entrepreneurship is
Autonomy
Initiative
Perserverance
all of the above

Q80 The process of establishing and growing a business is known as
Intenship
Entrepreneurship
Business development
Intrapreneurship

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