1.
Positive work attitude most brings about
social change.
wage increase.
increased output.
improved in technology.
2.
Which of the following will help address the challenges of nepotism in Ghana?
Denying graduates private sector jobs
Recruiting quality personnel for public sector jobs
Denying political opponents of managerial duties
Providing conducive environment for self-employment
3.
One of the ways by which youth unemployment can be reduced in Ghana is by
attending job fairs.
devoting oneself to prayer.
reading job advertisements.
encouraging entrepreneurship.
4.
One essential measure that can help an entrepreneur to sustain his/her business is to
acquire personal effects as future security.
link-up with non-governmental organizations.
rely on foreign aid for business expansion.
plough back profit into the business.
5.
A major advantage of partnership is that
there are no risk to be borne.
there is unlimited liability.
partners can raise funds through shares.
risk is shared among partners.
6.
The reason for which governments give support to small-scale enterprises is to
encourage entrepreneurship.
create access to markets.
encourage savings.
gain popularity.
7.
Positive change in attitude at the workplace ultimately
improves living standards.
promotes peaceful co-existence.
improves upon job creation.
promotes social initiatives.
8.
In the globalization process, businesses cooperate through
networks.
computers.
banks.
education.
9.
A major avenue for accessing employment opportunities for the youth with skills in modern times is
internet websites.
labour offices.
radio broadcasts.
local newspapers.
10.
An entrepreneur can ensure the sustainability of his or her business by
maintaining high quality products.
depending on bank loans.
selling shares to the public.
relying on unskilled labour.
11.
Which of the following attitudes would employers expect from their employees?
Pilfering at the work place
Malingering at work
Commitment to duty
Disloyalty to colleagues
12.
People work mainly for
financial reward and donation to the needy.
financial reward and unplanned expenses.
money to promote national development.
money for personal use and charity.
13.
An entrepreneur can ensure sustainability of business through
dependence on bank loans.
maintenance of high quality products.
reliance on unskilled labour.
sales of shares to the public.
14.
Ploughing profit back enables the entrepreneur to
benefit from tax exemptions.
pay back bank loans.
pay workers attractive wages.
improve and expand business.
15.
Which of the following qualities can make an entrepreneur successful?
Drive, provision of capital and supervision
Evaluation, flexibility and diligence
Organization, co-ordination and risk bearing
Vision, courage and good judgement
16.
A worker needs to plan for his or her future mainly to
enjoy fruitful retirement.
enjoy travelling abroad.
attain higher education.
raise children.
17.
An example of positive attitude to work is
avoiding absenteeism at work.
improper dressing to work.
improper way of talking to co-workers.
refusing to be punctual.
18.
An entrepreneur can ensure the sustainability of a business through
maintenance of high quality products.
reliance on unskilled labour.
the dependence on bank loans.
sale of shares to the public.
19.
Industries that are controlled by the state are organized as
co-operatives.
government departments.
municipal authorities.
public co-operation.
20.
Which of the following is not ideal for securing funds for a business by an entrepreneur?
Acquiring loan from the bank
Engaging in lotto staking
Personal savings
Ploughing back profit
21.
Most employees in the public sector do not put in their best because
the directors are authoritarians.
the workload is too heavy for them.
they hate being dictated to.
they lack adequate motivation.
22.
The ultimate result of positive work attitude is
competent human resource.
improvement in technology.
increased output.
more hard work.
23.
To ensure sustainability of business, the entrepreneur should
consult religious leaders for prayers.
employ more university graduates.
supply quality products to consumers.
market the products through promotions.
24.
One major advantage of sole proprietorship is that
decision making is fast.
output is normally large.
owner has limited liability.
owner shares risks with family members.
25.
Which of the following situations is an effect of negative work attitude on the employees?
Business fold up
Loss of job
Low productivity
Shortage of raw materials
26.
Punctuality, diligence and regularity are recipe to
fast productivity.
high productivity.
low productivity.
moderate productivity.
27.
In a Joint Stock Company, risk is borne mainly by the
brokers.
employees.
employers.
shareholders.
28.
For an individual to be gainfully employed in Ghana, he or she must initially
learn to write good curriculum vitae.
make personal contacts.
read newspapers for advertisements.
acquire the relevant education and skills.
29.
One effect of positive attitude to work in Ghana is the
attraction of foreign investment.
creation of more leisure time for workers.
extension of working hours.
increase in labour union activities.
30.
A successful entrepreneur must be
forceful in communal matters.
imaginative in business organization.
skillful in land matters.
tactful in family matters.
31.
Which of the following options is not a contribution of enterprises to economic development?
Constant misappropriation of funds by officials
Introduction of new technologies to increase productivity
Provision of employment opportunities to many people
Provision of goods and services to meet the needs of the people
32.
The main cause of low productivity in Ghana is
bureaucracy.
inadequate incentives.
inadequate supervision.
nepotism.
33.
Many business enterprises incur unmanageable debts because they
collect loans from the banks.
do not plan their income and expenditure well.
live or set up businesses in urban centres.
work with people outside family circles.
34.
The major reason for low productivity in the public sector is
bureaucracy.
lack of skilled personnel.
negative work attitude.
nepotism.
35.
A successful business is guided by the principle of
bureaucracy.
duty consciousness.
democracy.
work ethics.
36.
Which of the following options is not an important means by which the private entrepreneur can sustain his or her business?
Applying higher skills and technology
Having a huge amount of capital
Maintaining high quality products
Separating personal and business accounts
37.
A quality of an entrepreneur is
decision making.
innovativeness.
risk bearing.
supervision.
38.
In a business enterprise, the combination of factors of production is the role of the
entrepreneur.
board of directors.
sales manager.
shareholders.
39.
Which of the following conditions is an advantage of Private Join Stock Company?
Account are exposed for public scrutiny
Enjoyment of government subvention
Enjoyment of limited liability
Quick decision-making
40.
One factor which has hindered capital formation for businesses in Ghana is
brain drain.
environmental hazards.
low incomes.
rural-urban migration.
41.
A person who uses available resources and skills to produce goods and services is referred to as
a businessman.
an entrepreneur.
a producer.
a retailer.
42.
Productivity can be reduced by the following factors except
inappropriate technology.
low dependency ratio.
low quality workforce.
poor condition of service.
43.
To improve productivity at the work place, managers and employers must allow workers to participate in
communal labour.
decision making.
political campaign.
trade fairs.
44.
The problem of unemployment in the Ghanaian society can be minimized by
discouraging rural-urban migration.
encouraging early marriages.
providing entrepreneurial training.
shortening the duration of education.
45.
One reason why an individual buys shares in a company is to receive a profit called
dividend.
income.
premium.
returns.
46.
A business organization which two or more people pool their resources together to establish is called
co-operative societies.
joint stock company.
partnership.
public corporation.
47.
Which of the following conditions is not a contributing factor to the shortage of entrepreneurs in Ghana?
Executive bureaucracy
Lack of credit facilities
Lack of proper career guidance
Poor infrastructure development.
48.
To set up a business enterprise, the first thing the entrepreneur needs to do is to
conduct market survey.
explore talent in the field.
market the product.
provide the needed capital.
49.
Poor attitude to work leads to
high financial losses.
low prices of goods.
low technology.
poor communication.
50.
One advantage of Joint Stock Company is that, its shareholders have
company code.
large capital.
limited liability.
secure tenure.
51.
The democratic method of selecting representatives is mostly employed in
co-operative societies.
partnerships.
private joint stock companies.
public corporations.
52.
Poor sanitation at the work place leads to
decrease in accident.
decrease in productivity.
high profit margins.
increase in productivity.
53.
Any lawful endeavour undertaken by an individual to earn a living is referred to as
attitude
productivity.
skill.
work.
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