Grade 11 - Q1 - Summative Test
Grade 11 - Q1 - Summative Test
Grade 11 - Q1 - Summative Test
______ 1. It is an explanation to assist employees to effectively relate to the business goals and
implement effective means to achieve the same. (1 pt)
______ 2. It emphasizes the use of systematic mathematical techniques to analyze and
understand the inter-relationship of management and workers in all aspects. (1pt)
______ 3. It involves the ability to foresee the effects of current actions in the long run in the
future. (1pt)
______ 4. It is a management function of hiring and retaining a suitable work-force for the
enterprise both at managerial as well as non-managerial levels. (1pt)
______ 5. The five types of business ownership are ____, ____, ____, _____ and ______. (5pts)
______ 6. A type of input which includes man-made to assist production such as machinery and
equipment. (1pt)
______ 1. The role of a business is to produce and distribute goods and services to satisfy a
public need or demand.
______ 2. Businesses can be for profit entities or non-profit organizations.
______ 3. Planning is the fundamental management function, which involves deciding
beforehand, what is to be done, when is it to be done, how it is to be done and who is going to
do it.
______ 4. Henri Fayol known as the Father of Management laid down the 8 principles of
Management.
______ 5. Management Theories focus on the role of supervision, organization, and group
performance.
______ 6. Division of work doesn’t Improves productivity, efficiency, accuracy, and speed.
______ 7. Max Weber made a distinction between authority and love.
______ 8. Controlling consists of establishing standards for work performance, measuring
performance and comparing it to these set standards and taking corrective actions as and
when needed, to correct any deviations.
______ 9. We only have 3 (Three) stages of Economic Development which are Traditional
Society, Take off and Drive to Maturity.
______ 10. Decision making is choosing a course of action after considering different options to
accomplish an organization’s goals.
Part 3: Multiple Choice ( 15 pts)
______ 1. A type of planning which can be ongoing or single use. It is usually created for a
specific event that will only occur once.
a. Operational Planning
b. Strategic Planning
c. Tactical Planning
d. Contingency Planning
Statement 2: It helps managers analyze the present condition to identify the ways of attaining
the desired position in future.
a. statement 1 only
b. statement 2 only
c. Both statements are correct
d. Neither of the 2 statements
______ 3. A type of planning that support a strategic plan and involves the tactics that will be
used to execute the strategic plan.
a. Operational Planning
b. Strategic Planning
c. Contingency Planning
d. Tactical Planning
______ 4. Choose all examples relating to needs which are essential for our survival. (2points)
a. Food
b. Mac Book
c. Shelter
d. Blueberry Cheesecake
a. Wants
b. Needs
c. Both A & B
d. None of the above
______ 6. All are being used as inputs except __?
a. Land
b. Labor
c. Capital
d. Power
a. Land
b. Labor
c. Capital
d. Power
______ 8. In this stage of economic development, the economy is diversifying into new areas
like technological innovation which provides a diverse range of investment opportunities.
______ 9. It is a type of economy that are self – regulated market that allows goods to be
produced and distributed in response to demand from consumers.
______ 10. It is a type of business ownership where two or more people are involved.
a. Sole Proprietorship
b. Corporation
c. Partnership
d. Cooperative
a. Benefits of teamwork
b. Low startup costs
c. Greater borrowing Capacity
d. Divided Profits
______ 12. According to Max Weber, there are three types of power in an organization which
are _____, _____ and _____.
a. Traditional Power
b. Charismatic Power
c. Bureaucratic Power or Legal Power.
d. Power of Love
Answer Key: