Republic of the Philippines

Department of Education
Region IX-Zamboanga Peninsula
SCHOOLS DIVISION OF ZAMBOANGA DEL SUR
Maria Clara Lobregat National High School

Summative Test in Org. & Mgt.

(Second Quarter of the 1st Semester)

Prepared by: Reymundo B. Peniala

Name:

Grade & Section:

Score
Address : Tickwas, Dumalinao, Zamboanga del Sur
Contact No. : Smart 0912 1655 231
Email Address: randybutch.gamboa@deped.gov.ph
 • You will have 60 minutes to complete the test.
• Read and answer each question carefully. Instructions
• Strictly follow the instruction/direction.
• For multiple choice items, encircle the letter of the correct answer.
1. SEC stands for:
A. Securities and Exchange Corporation B. Security and Exchange Commission
C. Securities and Exchange Commission D. Security and Exchange Corporation
2. Republic Act 9520 also known as:
A. Philippine Cooperative Code of 2008 B. Philippine Cooperative Code of 2009
C. Philippine Corporation Code of 2008 D. Philippine Corporation Code of 2009
3. It means that most of the partners have limited liability, as well as limited input regarding
management decision.
A. Abundant B. Unlimited C. Single D. Limited
4. It is registered in the same manner as other corporations with the SEC, except that it is composed
of only one person, just like a sole proprietorship.
A. One Person Corporation B. Partnership
C. Double Person Corporation D. Cooperative
5. Which of the following is advantage of Corporation?
A. Can raise additional funds through the sale of stock.
B. Requires more time and money than other forms of organization.
C. Processes of paperwork to comply with the regulation.
D. All of the above
6. The followings are the disadvantages of Corporation except ONE.
A. Incorporation requires more time and money that other forms of organization.
B. Monitored by federal, state and some local agencies.
C. May result in higher overall taxes.
D. May deduct the cost of benefits it provides to offices and employees.
7. Which of the following is CORRECT about Sole Proprietorship?
A. Not easiest and highly expensive form of ownership to organize.
B. The business is easy to dissolve, if desired.
C. Cannot control within the parameters of the law.
D. Profits from the business are divided into the employees.
8. The following are the advantages of partnership except ONE.
A. The Business usually will benefit from partners who have complementary skills.
B. With more than one owner, the ability to raise funds may be increased.
C. Partners are jointly and individually liable for the actions of the other partners.
D. Prospective employees may be attracted to the business if given the incentive to become
partner.
9. Which of the following are disadvantages of Sole Proprietorship?
A. Have limited liability and are legally responsible for all debts against the business.
B. Some employees benefit such as owner’s medical insurance premiums are not directly
deductible from business income
C. Have a hard time attracting high-caliber employees
D. All of the above
10. The following are the objectives and Goals of a Cooperative except ONE.
A. Provide good and services to its members to enable them to attain increase income,
savings, investments and purchasing power.
B. Allow the higher income and higher privileged group to increase their ownership in the
wealth of the nations.
C. Teach them efficient ways of doing things in a cooperative manner.
D. Provide optimum social and economic benefits to its members.
11. Who developed and published articles of the Five Stage of Economic Development?
A. Walt Whitman Rostow B. Seidel Rostow
C. Moichelle Rostow D. Seidel and Moichelle Rostow
12. Which of the following is used to maintain the infrastructure of a city, state or country-roads,
bridges, tunnels, public transportation, libraries and other public building and services, including
police officers and fire-fighters?
 A. Taxes B. Income C. Savings D. None of the Above
13. In which stage of economy reaches maturity and begins the final stage?
A. Take-Off B. Traditional Society
C. Age of Mass Consumption D. None of the above
14. Which of the five stages of economic development takes place over approximately 60 years?
A. Age of Mass Consumption B. Drive to Maturity
C. Take-off D. Traditional Society
15. Which of the following is NOT one of Rostow’s five stage of economic development?
A. Age of Mass Consumption B. Drive to Maturity
C. Take-off D. Technological Society
16. Which stage really took place after WWI from about 1915 until around 1980, when the technology
era began?
A. Age of Mass Consumption B. Drive to Maturity
C. Take-off D. Traditional Society
17. Which stage had limited technology, and humans had access to little more than handmade tools,
transportation, and the printing press?
A. Take-Off B. Traditional Society
C. Age of Mass Consumption D. None of the above
18. Which stage is about the population hit a critical mass that made agriculture take up, such as a
high percentage of labor, which provides opportunities for establishing an educational institution,
banks, and a market for luxury goods?
A. Dive to Maturity B. Modern Society
C. Take-Off D. Preconditions for Take-Off
19. Which stage is used to educate the individuals to start inventing new processes and tools, and
access to capital through financial markets and bank make it possible to produce goods and services
on a larger scale?
A. Dive to Maturity B. Modern Society
C. Take-Off D. Preconditions for Take-Off
20. Which of the following is a CORRECT arrangement of the Five Stages of Economic Development?
A. Precondition for Take-off, Take-Off, Traditional Society, Age of Mass Consumption, and
Drive to Maturity
B. Traditional Society, Preconditions for Take-off, Take-off, Drive to Maturity, and Age of Mass
Consumption,
C. Traditional Society, Preconditions for Take-off, Age of Mass Consumption, Drive to Maturity,
and Take-Off
D. Age of Mass Consumption, Preconditions for Take-off, Traditional Society

Test II-Fill in the Blank

Directions: Choose the CORRECT word from the table being described by the statements below and
write your answer in the space provided before the number.

Partnership Single Proprietorship Corporation

Joint Venture Cooperative General Partnership

Walt Whitman Rostow Five Stages of Economic Development

Taxes Seidel and Moichelle Profit at any cost

General Partnership 1. is a type of partnership which divides responsibility for management and liability,
as well as the shares of profit of loss according to their internal agreement.

Cooperative 2. is a type of partnership which divides responsibility for management and liability,
as well as the shares of profit of loss according to their internal agreement.
Corporation 3. is a type of partnership which divides responsibility for management
and liability, as well as the shares of profit of loss according to their internal agreement.

Single Proprietorship 4. is the simplest form of business and the easiest to register through the Bureau
of Trade Regulation and Consumer Protection (BTRCP).

Partnership 5. consists of two or more persons who bind themselves to contribute money or
industry to a common fund with the intention of dividing profits among themselves.

Profit at any cost 6. It is a model that can have extremely negative implications down to road if
corners are cut and poor decision are made.

Siedel and Moichelle 7. According to them, the small and large businesses drive economic stability and
growth by providing valuable services, products and tax dollars that directly contribute to the health of
the community.

Taxes 8. It is used to maintain the infrastructure of a city, state or country-road, bridges,

tunnel, public transportation, libraries and other public buildings and services.

Walt Whitman Rostow 9. He is economist in the Lyndon B Johnson administration from 1966-1969.

Five Stages of Economic Dev’t 10. It is a model on economic development developed by Rostow.

Test III-Matching-type
Directions: Match the column A to column B. Write your answer in the space provided before the
number

Column A Column B

B 1. Philippine Cooperative Code of 2008 A. Cooperative

A 2. The purpose of purchasing and B. RA 9520
marketing the products of its members C. Joint Venture
E 3. Mixture of the features of a sole D. Single Proprietorship
proprietorship and a corporation E. One Person Corporation
D 4. Simplest form of business and the F. Transitional Society
easiest to register
C 5. Acts like a general partnership but is
clearly limited period of time

Test IV - True or False

Directions: Before each statement, write TRUE if the statement is correct or FALSE if the statement is
incorrect.

TRUE 1. Preconditions for take-off are the second stage of economic development, whereas
productivity increased found in Europe during the 1700s and 1800s.
TRUE 2. In the age of mass consumption, a society or economy is able to export production,
bringing in money from other countries that helps the economy grow larger beyond
actual consumption.
TRUE 3. Success of businesses can drive the success of an entire country, including through
contributions to the gross domestic product, or GDP, of a nation, which affects their
world standing.
FALSE 4. Traditional society stage was prevalent prior to 1900s, when most societies operated
in a relatively stable state and productivity didn’t rise of fall dramatically.
FALSE 5. Drive to maturity is about 80-year period between the take-off and the final stage.