2017_1 TMA Solutions - GST301, Entrepreneurship Studies

Use past TMAs to deal with new TMAs and Exams
admin
Site Admin
Posts: 1900
Joined: Thu Aug 10, 2017 2:00 am
Contact:

2017_1 TMA Solutions - GST301, Entrepreneurship Studies

Postby admin » Fri Sep 15, 2017 12:27 pm

1 Financial and plan implementaton strategies are also developed to fast track the ______

policies


2 __________ in learning is enhanced by self-evaluation.

creativity


3 The Nigerian economy is primarily a _________ economy.

mono


4 Enterpreneuship development is an essential core course in tertiary institution_______

correct


5 The macroeconomic framework of NEEDS does not include _________

government to create more job


6 The goals of Vision 202020 include all except _______

values orientati on


7 Scholars that have contributed to the topic of entrepreneurial and functional education include all except __________

williams


8 The gains of entrepreneurial and functional education include all except _______

assisting the workforce to be aware of existing vocations in the job market


9 The fundamental assumptions of the curriculum of entrepreneurial and functional education are at the following except _______

self-evaluation does n ot enhance creativity in learning.


10 Entrepreneurship and functional education curriculum is _________

learner-centered


11 The Nigerian entrepreneur who created the Eleganza industries is __________

razak o koya


12 Non Profit Making Entrepreneurs are also called _______

social entrepreneurs


13 Obafemi Awolowo built the legacies of the Odu’a Group of companies, the first _____ station in Africa.

television


14 In the Eastern Region Micheal Okpara used proceeds from palm _____ and coal to establih the Eastern Nigerian

produce


15 The founder of chisco group is __________

chidi anyaegbu


16 One of the major advantages facing typical Nigerian entrepreneurs is the __________

Large market made available by high population


17 The social entrepreneur who is interested in poverty reduction of the less privileged with a foundation to assist-children is ________

rocha s okorocha


18 The founder of chisco group is __________

chidi anyaegbu


19 The prominent entrepreneur who is visible on food, cement, transportaiton and other related businesses in Nigeria and abroad is

aliko da ngote


20 An entrepreneur who creates a venture to make profit as well as strives to contribute to societal development and regulate positive change can be described as ______

responsible entrepreneur



admin
Site Admin
Posts: 1900
Joined: Thu Aug 10, 2017 2:00 am
Contact:

Re: 2017_1 TMA Solutions - GST301, Entrepreneurship Studies

Postby admin » Fri Sep 15, 2017 12:30 pm

1 If vision is taken away, an organization is said to be in …………….

confusion


2 ………………….. 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.


envision future


3 ………………….. Is the reason for the organization's existence, a clear description of the activities of the organization.

core purpose


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

Corporate Affairs Commission
Standards Organisation of Nigeria
National Agency for Food and Drug Administration Control
***none of the above


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

regulatory/legal


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

Tax evasion


7 ………. Improves customer-touching processes be they marketing communications or consumer transactions

Marketing Innovati on


8 ………….. define innovation as the specific instrument of entrepreneurs, the means by which they exploit change as an opportunity for a different business or a different service.


Zimmerer, Sca rborough, and Wilson (2008)


9 The vision 20-20-20 in Nigeria is built on the philosophy of ………. Documents

NEEDS


10 …………... is the driving force within individuals that propel them to action.

Motivation


11 The document that states all the terms of partnership is known as…………..

Partnership agreement
article of partnership
article of association
***a and b


12 ……..Partnership formation requires minimum and maximum number of partners respectively

2 and 20


13 All of the following are the disadvantages of sole proprietorship except………….

Easy to raise capital


14 …….. Is/are the minimum number required to start a sole proprietorship

One


15 Which of the following is not an advantage of sole proprietorship?

unlimited liability


16 The entrepreneur can assess the internal environment of the business by critically looking at

5s


17 The entrepreneur can assess the internal environment of business by critically looking at the opportunies and threats and ……….

strengths and weakn esses


18 The essence of scanning the external environment of business is in order to identify

opportunities and threats


19 Opportunites in the political/legal environment could be ………….

favourable government policies
Tax holidays
Great market demand
***a and b


20 Threats from external environmental factors can come from…………..

Direct Completion
Indirect competitor s
Consumers
***All of the above
admin
Site Admin
Posts: 1900
Joined: Thu Aug 10, 2017 2:00 am
Contact:

Re: 2017_1 TMA Solutions - GST301, Entrepreneurship Studies

Postby admin » Fri Sep 15, 2017 12:34 pm

1 The scanning of the business environment so as to identify the favourable and unfavourable conditions therein is

SWOT analysis


2 Entrepreneur can assess the external environment of the business by critically looking at the

opportunities and threats


3 The support systems that facilitate entrepreneurship process listed here are ………………

Four


4 The environment in the borderline between internal and external environment is

Intermediate


5 The environment that recognizes the customs, traditions and value of the community is known as ………………….

Socio-cultural


6 The body of regulations and laws can be classified under the

Political/Legal envioronment


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

Who will manage the busines s?


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

storming stage


9 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……….

George Hanma us theory


10 ………………. Is described as the oneness of the group member .

Cohesiveness of group


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

Work group


12 Two or more people who interact and coordinate their work to accomplish a specific goal can be regarded as ……..

A team


13 Effective teams must possess the following characteristics except …………

mistrust among team mem bers


14 Relevant issues in team building include all except ……….

Independence


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

officially designed organizational structure


16 A team with different levels of hierarchy can be regarded as……….

Vertical team


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

memorandum of assoc iation


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

the minimum number of owners


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

Restrictions on the transfer of shares


20 The general partners have ………………..

limited liability
Unlimited liabil ity
participate in the d ay to day running of the business
***b and c
admin
Site Admin
Posts: 1900
Joined: Thu Aug 10, 2017 2:00 am
Contact:

Re: 2017_1 TMA Solutions - GST301, Entrepreneurship Studies

Postby admin » Fri Sep 15, 2017 12:36 pm

1 the most popular traditional financial institutions are called……………

Esusu


2 the document used for foreign exchange application has ……………..sub heading the form A

7


3 what year was the deregulation to regulation continued…………..

1994


4 ……………. Is an authorize buyer in charge of buying currencies and travellers

BDC


5 which year was the buraeu de change was introduced ……………………………

1989


6 SGS was ditched in year …………….

1984


7 The year ……… to ……….. Is seen as a period of regulation to deregulation

1962, 1986


8 …………explained that the first attempt at regulating the foreign exchange system in nigeria was in the year ………………….

Esezobor, 1962


9 The year………….. Was special because the CBN circular specifiy travel related allowance

1984


10 in ……………. The Military government change the colour of Nigeria currency.

1984


11 what was the year the pound gave way to nigerian currency ………………..

1973


12 The year ……… to ……….. Is seen as a period of regulation to deregulation

1962, 1986


13 Morris See entrepreneurs ascreative destruction and make existing ______ obsolete

products


14 ………………………. Which is an informal characteristics stands an entreprenuour out

Risk taking


15 The business consumes the entrepreneur’s life, work is strainous and entails high level stress because of

Business success


16 The feeling of being your own boss is very satisfying for …………………………

entrepreneu rs


17 ……………………. discouraged creativity for children, in what year………………….

Gutner, 1994


18 ………………………………. See entrepreneurs ascreative destruction and make existing products obsolete

Morris


19 Yearly ……………………..% of the adult population is actively involved in trying to start a new business

four


20 Reference was made of entrepreneurship as self employment with an…………………return

uncertain


Who is online

Users browsing this forum: No registered users and 3 guests