MOUNTAIN RIDGE CHRISTIAN SCHOOL,Inc.

“A Close to Nature Haven School”

Mahusay Salaysay, Marilog District, Davao City

ORGANIZATION AND MANAGEMENT

SEMI-FINAL Exam

Name______________________________ Grade& Section: __________ ITEMS: 60

Teacher: Ivy Basia Lumikid

TEST 1- Identification
Directions: Identify what is being asked in the following sentences below. Write your answer on the
space provided before the number. (2 pts. each)
_________1. Equal shares are assumed unless there is a written agreement that states differently.
__________2. It is clearly for a limited period of time or single project.
__________3. Determined by changes in the fertility rates and changes in life expectancy.
_________4. It is the main factor leading to the process of urbanization.
_________5. It has to be supported by the whole nation from economists, politicians, and also civilians.
_________6. A type of business which provides intangible products.
_________7. A business is owned and managed by only one person.
_________8. This business combines raw materials, labor, and factory overhead in its production process.
_________9. It means that most of the partners have limited liability as well as limited input
_________10. It can raise additional funds through the sale of stock.
_________11. It is the incidence of disease, rate of illness.
_________12. A change in the composition of the Gross Domestic Product.
_________13. He suggested that the most accurate method of measuring economic development is Human
Development Index.
_________14. It is the general increase in the country’s products and services output.
_________15. It is a government policy to increase the economy, social welfare and stability of political
environment.

TEST II – ESSAY
Directions: Explain the following in your own words and understanding. (10 pts. Each)

1. How does economic growth and economic development differ?

2. If you will become a business owner, what business will you open and how will you manage it to make it
successful?

3. How does Merchandising Business differ to Manufacturing Business? Expand your answer.

For wisdom will come into your heart, and knowledge will be pleasant to your soul. Proverbs 2:10

God Bless! Ma’am Ivy ☺