Page 44 - Business_Studies_F5

Student's Book Form Five

Revision exercise

1. Describe various categories of SME in Tanzania.
2. Your father wants to establish a company and he was told that, the company will
have limited liabilities. However, he is not aware of either limited or unlimited
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liabilities. Briefly explain to him the concepts of limited and unlimited liability
companies and their differences.

3. The presence of companies in any country contributes a lot to the growth of its
economy. Justify.

4. Explain the legal and regulatory requirements for the formation of a company.

5. Suppose that you are invited to participate in an annual youth meeting. Through
their invitation letter, you are requested to talk to the attendees on the basic
requirements for company formation. Briefly explain the required documents
for company registration as part of your presentation.
6. Suppose you are a shareholder in a certain company, what initiatives would you
propose to empower workers within a company and enhance their engagement,
productivity, and satisfaction?

7. Assume that you are a director of a certain company. In your capacity, how will
you prioritize the agenda for board meetings to ensure they serve as effective
platforms for strategic discussions, decision-making, and oversight in company
management?

8. Describe the role of co-operatives in fostering local economic development.

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