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1 whole sheet of paper
Copy the questions before the answer
(Summative Test) 5 pts. each
1. Define management in your own words.
2. What are the five functions of management? (in order)
3. Enumerate the three classifications of managerial roles. Are they equal in importance?
Explain.
4. What is the difference between the terms “external business environment” and
“internal business environment”?
5. Is the term “economic development” synonymous with “economic growth”? Explain
6. What are the phases of economic development according to Rostow?
7. What are the types of business organization?
8. Why Planning is important in organization?
9. What are the difference between goals and plans?
10.Give at least 5 types of plans.

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  • 1. 1 whole sheet of paper Copy the questions before the answer (Summative Test) 5 pts. each 1. Define management in your own words. 2. What are the five functions of management? (in order) 3. Enumerate the three classifications of managerial roles. Are they equal in importance? Explain. 4. What is the difference between the terms “external business environment” and “internal business environment”? 5. Is the term “economic development” synonymous with “economic growth”? Explain 6. What are the phases of economic development according to Rostow? 7. What are the types of business organization? 8. Why Planning is important in organization? 9. What are the difference between goals and plans? 10.Give at least 5 types of plans.