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MDL Orgman

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13 views21 pages

MDL Orgman

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jnkyysudario
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Downloaded by Marian Alfonso (marianalfonso49@gmail.

com)
REGIO

Republic of the Philippines


Department of Education
REGION IV-A CALABARZON
SANTA CRUZ DISTRICT
LAGUNA SENIOR HIGH SCHOOL

Weekly Activity Announcement


OCTOBER 28-31, 2024

Subject: Weekly Activity - Reading and Response

Dear Students,

I understand that some of you may experience difficulties with your internet connection during online exams. To
ensure that all students have a fair opportunity to demonstrate their knowledge and skills, we will be
transitioning from online exams to asynchronous activities.

This Week’s Focus:

1. Reading Assignment: Carefully review the outlined topics that I have summarized for you.
2. Activity Completion: Answer all activities highlighted in yellow.

Submission Details:

 Due Date: October 30, 2024


 Email Your Answers: Please send your completed work to [email protected].
 File Naming Convention: Ensure your file is named in the following format: surname,first
name,initial_section_Orgman.

If you have any questions or need clarification, feel free to reach out.

Happy studying!

Best,
Ma’am Marian P. Alfonso

Downloaded by Marian Alfonso ([email protected])


REGIO

Republic of the Philippines


Department of Education
REGION IV-A CALABARZON
SANTA CRUZ DISTRICT
LAGUNA SENIOR HIGH SCHOOL

ORGANIZATION AND MANAGEMENT:


2ND QUARTER - WEEK 1
The nature of Organization and types of
Organizational Structures.
Differentation of the Organization‟s Internal
Environment
Division of labor involves assigning different tasks to
different people in the organization‘s different work units.
Specialization, the process in which different individuals
and units perform different tasks. An organization‘s overall
work is complex and would be too much for any individual,
therefore the bigger the organization, the more work units or The board has a chairman who acts as the leader, while the
work divisions and specializations are to be expected. members act as the corporation‘s authority figures,
Organization is a social unit of people that is structured and responsible for making major decisions affecting their
managed to meet a need or to pursue collective goals. organizations, subject of the corporation‘s constitution and
by-law provisions. Besides the chairman of the board, a
Integration Of Work Units: chief executive officer (CEO) is appointed to occupy the top
Integration is another process in the organization‘s internal post in the organization pyramid and is personally accounted
environment which involves the collaboration and to the members of the board and other owners for the
coordination of its different work units or work divisions. organizational performance.
Coordination refers to the procedures that connect the Below the top-level manager are the middle-level managers
network activities of the different work divisions/units of the in charge of departments who, as earlier mentioned, report to
firm in order to achieve its overall goal. Structural them. Under the middle-level managers are the lower-level
mechanisms may be devised in order to increase managers which include office managers, sales managers
collaboration and coordination. and supervisors who directly report to the former.
Employees under the lower-level managers also have
Types of Organization Structures reporting relationships with their respective department
managers.
An Organization structure is a system made up of tasks to be
accomplished, work movements from one work level to A horizontal structure refers to the departmentalization of
other work levels in the system, reporting relationship and an organization into smaller work units as tasks become
communication passageways that unite the work of different increasingly varies and numerous.
individual persons and groups. Types of Department:
The Types of Organizational Structures include: Line departments – deal directly with the firm‘s primary
a. Vertical Structure goods and services; responsible for manufacturing, selling
b. Horizontal Structure and providing services to clients.
c. Network Structure
Staff departments – support the activities of the line
departments by doing research, attending to legal matters,
performing public relations duties.
Departmentalization may done using three approaches:
1. Functional approach – where the subdivisions are formed
based on specialized activities such as marketing,
production, financial management and human resources
management.
2. Divisional approach – where departments are formed
based on management of their products, customers or
geographic areas covered.

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Republic of the Philippines


Department of Education
REGION IV-A CALABARZON
SANTA CRUZ DISTRICT
LAGUNA SENIOR HIGH SCHOOL

3. Matrix approach – is a hybrid form of departmentalization


where managers and staff personnel report to the superiors, 8. Divisional approach is where the
the functional manager and the divisional manager. subdivisions are formed based on specialized activities such
as marketing, production, financial management and human
resources management.
Network structure is a collection of independent, usually
9. Functional approach is a hybrid form of
single function organizations/companies that work together
departmentalization where managers and staff personnel
in order to produce a product or service.
report to the superiors, the functional manager and the
divisional manager.
10. Matric approach is where the departments
are formed based on management of their products,
customers or geographic areas covered.

ACTIVITY 2 :

IDENTIFICATION: Write the correct answer on a separate


sheet of paper.

1. Is a collection of independent, usually single


functionorganizations/companies that work together in order
to produce a product or service.
2. It deals directly with the firm‘s primary
goods and services: responsible for manufacturing, selling
and providing services to clients.
ACTIVITY 1 :
3. It supports the activities of the line
Write TRUE if the statement is correct and FALSE if the departments by doing research, attending to legal matters,
statement is wrong. Write your answer on a separate sheet performing public relations duties, etc.
of paper. 4. It is where the subdivision is formed based
1. An organization structure is a system made on specialized activities.
up of tasks to be accomplished, work movements form one 5. It is where the departments are formed
work level to other work . based on management of their products, customers or
2. A vertical structure clears out issues related geographic areas covered.
to authority rights, responsibilities and reporting 6. It is a hybrid form of departmentalization
relationships. where managers and staff personnel report to the superiors.
3. Authority rights refer to the legitimate 7. It refers to the departmentalization of an
rights of individuals, appointed in positions like president, organization into smaller work units as tasks become
vice president, manager and the like to give orders to their increasingly varied and numerous.
subordinates. 8. It clears out issues related to authority
4. A horizontal structure refers to the rights, responsibilities and reporting relationships.
departmentalization of an organization into smaller work 9. Refers to a selection of independent, usually
units as tasks become increasingly varied and single-function organizations that work together to produce
numerous. a produce or service.
5. Employees under the lower-level managers 10. It is another process in the organization‘s
also have reporting relationships with their respective internal environment which
department managers. involves the collaboration and coordination of its different
6. Line departments support the activates by work units or work divisions.
doing research, attending to legal matters, performing public
relations duties etc.
7. Staff departments deal directly with the
firm‘s primary goods and services; responsible for
manufacturing, selling and providing services to clients.

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Department of Education
REGION IV-A CALABARZON
SANTA CRUZ DISTRICT
LAGUNA SENIOR HIGH SCHOOL

manager should use human relations skill in providing


guidance and training to the subordinates.
ORGANIZATION AND MANAGEMENT
Staffing: It’s Meaning, Nature and Importance Human relations skills are also required in performance
in Business Management appraisal, transfer and promotion of subordinates.

2nd Qtr. -Week 2 4. Continuous Function: Staffing function is to be


Meaning of Staffing: performed continuously. It is equally important in the
The term „Staffing‟ relates to the recruitment, selection, established organizations and the new organizations. In a
development, training and compensation of the managerial new organization, there has to be recruitment, selection and
personnel. Staffing, like all other managerial functions, is training of personnel.
the duty which the apex management performs at all times.
Importance of Staffing:
This definition includes all levels of management because
those who will occupy positions in the top two or three 1. It is of utmost importance for the organization that right
levels of management fifteen or twenty years from now are kinds of people are employed.
likely to be found in the lower levels today. ―The managerial 2. They should be given adequate training so that wastage is
function of staffing involves manning the organizational minimum.
structure through effective and proper selection, appraisal, 3. They must also be induced to show higher productivity
and development of personnel to fill the roles designed into
and quality by offering them incentives.
the structure.‖ — Koontz and O‘Donnell
Effective performance of the staff function:
Nature of Staffing:
1. Efficient Performance of Other Functions
Staffing is an integral part of human resource management.
2. Effective Use of Technology and Other Resources
It facilitates procurement and placement of right people on
3. Optimum Utilization of Human Resources
the right jobs. The nature of staffing function is discussed
below: 4. Development of Human Capital
5. Motivation of Human Resources
6. Building Higher Morale
1. People Centred: Staffing is people centred and is
relevant in all types of organisations. It is concerned with all
categories of personnel from top to bottom of the Characteristics or features of staffing:
organisation. 1. Staffing is not a temporary exercise,
2. Staffing is a complex process,
The broad classification of personnel may be as follows: 3. Staffing is a logical exercise,
4. Staffing deals with present and future requirements,
(i) Blue collar workers (i.e., those working on the machines 5. Staffing involves people,
and engaged in loading, unloading etc.) and white collar 6. Responsibility for staffing,
workers (i.e., clerical employees). 7. Staffing is a managerial function!
(ii) Managerial and non-managerial personnel.
(iii) Professionals (such as Chartered Accountant, Company ACTIVITY NO. 1:
Secretary, Lawyer, etc.).
1. The process of acquiring, deploying, and retaining a
2. Responsibility of Every Manager: Staffing is a basic workforce to create positive impacts on the organization is
function of management. Every manager is continuously called .
engaged in performing the staffing a. staffing c. recruitment
function. He is actively associated with recruitment, b. selection d. placement
selection, training and appraisal of his subordinates. 2. Which of the following statements is true regarding
These activities are performed by the chief executive, staffing?
departmental managers and foremen in relation to their a. The organization is the only active player in the staffing
subordinates. It is the duty of every manager to perform the process.
staffing activities such as selection, training, performance b. The staffing process is composed of a series of
appraisal and counseling of employees. In many enterprises. interrelated parts.
Personnel Department is created to perform these activities. c. The staffing process should only be viewed from the
perspective of the individual (line) manager.
3. Human Skills: Staffing function is concerned with d. None of the above.
training and development of human resources. Every 3. The process that involves the placement of new hires on
the actual job they will hold is called .

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REGIO

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Department of Education
REGION IV-A CALABARZON
SANTA CRUZ DISTRICT
LAGUNA SENIOR HIGH SCHOOL

a. acquisition c. retention a. filling out an application.


b. deployment d. none of the above b. taking a physical exam.

4. The purpose of retention systems is to . c. taking an employment test.


a. attract qualified applicants to job openings in the d. none of the above.
organization
b. establish a good person-job match 13. The activity that orients new employees to the
c. manage the inevitable flow of employees out of the organization, to fellow employees, to their supervisors, and
organization to the policies of the company is called:
d. establish a good person-organization match a. employee orientation b. on-the-job training.
b. networking. d. off-the-job training.
5. The staffing practice in which an organization does
selective hiring during recessions that occur prior to a clear 14. Which training programs are done in schools where
upturn in economic strategy is called . employees are taught on equipment .
a. countercyclical hiring a. job simulation. b. vestibule training.
b. strategic hiring c. apprentice programs. d. off the job training.
c. cyclical hiring
d. none of the above 15. An evaluation in which the performance level of
employees is measured against established standards in
6. The process involved in recruiting, hiring, training, order to make decisions about promotions, compensation,
evaluating, compensating, and laying off people is called: additional training or hiring is called:
a. selection. a. performance evaluation. c. performance appraisal.
b human resource management. b. performance analysis. d. orientation.
c. recruiting.
d. human resource planning. ACTIVITY 2 :

7. The first step in the human resource planning process is: Identification : Choose the correct answer on the box. Write
a. assessing future demand. only the letter of your answer on a separate sheet of paper.
b. assessing future supply.
c. preparing forecasts of future human resource needs.
A - Blue collar jobs F - People Centered
d. preparing a job analysis.
B - White collar jobs G - Staffing
8. Which term describes a study of what is done by C - Human Skills H - Manager
employees who hold various job titles? D - Recruitment I - Selection
a. job description. E - Professionals J - Training
b. job specification
c. job analysis.
d. inventory. 1. They are usually called as Clerical employees.
2. It involves manning the organizational structure
9. A job is a summary of the objectives of the
through effective and proper selection, appraisal, and
job, the type of work to be done, the responsibilities and
development of personnel.
duties, the working conditions, and the relationships of the
job to other functions. 3. It is concerned with all categories of personnel from
a. analysis c. description top to bottom of the organization.
c. specification d. design
4. It is a performance appraisal, transfer and promotion
of subordinates.
10. Which of the following is a written summary of the
minimum qualifications required of a worker to fill a 5. Employees working on the machines.
specific job?
6. Person who is continuously engaged in performing
a. job design. c. job analysis.
the staffing function is called .
b job description. d. job specification.
7. Chartered Accountant, Company Secretary, Lawyer
11. They are all sources of internal recruiting except: are good examples of .
a. transfers b. promotions
8-10 3 Functions of Staffing
c. advertisements d. retrained employees

12. Which is not a step in the selection process?

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REGIO

Republic of the Philippines


Department of Education
REGION IV-A CALABARZON
SANTA CRUZ DISTRICT
LAGUNA SENIOR HIGH SCHOOL

ORGANIZATION AND MANAGEMENT


Key Differences of Recruitment and Selection:
2nd QTR - WEEK3
The process of recruitment involves the development of
What is Recruitment? suitable techniques for attracting more candidates to a
Recruitment is the process in which people are offered position vacancy, while the process of selection involves
selection in an organization. It is when prospective identifying the most suitable candidate for the vacancy.
employees are searched for and are then encouraged to apply Recruitment precedes the selection process, and the selection
for jobs within the organization. process is only completed when a job offer is created and
given to the selected candidate by appointment letter.
Specific tasks involved in the process of recruitment include:
1. Analyzing job requirements In order to thoroughly understand the difference between
2. Advertising the vacancy recruitment and selection, there are certain points to keep in
3. Attracting candidates to apply for the job mind.
4. Managing response
5. Scrutinizing applications 1. Recruitment is the process of finding candidates for the
6. Shortlisting candidates vacant position and encouraging them to apply for it.
Selection means choosing the best candidate from the
Recruitment activities are typically performed by Human pool of applicants and offering them the job.
Resource practitioners, either internally or externally. 2. Recruitment is a positive process aimed at attracting more
Internal recruitment sources are promotion, transfers, and more job seekers to apply. Selection is a negative
retrenched employees, contact or references, ex-employees, process, rejecting unfit candidates from the list.
retired employees, etc. 3. Recruitment has the recruiter paying less attention to
External recruitment sources are recruitment through scrutinizing individual candidates, whereas Selection
advertisement, campus recruitment, recruitment by involves a more thorough examination of candidates
employee exchanges, recruitment by third parties, internet where recruiters aim to learn every minute detail about
recruitment, unsolicited applicants, etc. each candidate, so they can choose the perfect match for
the job.
What is Selection? 4. Recruitment is less time-consuming and less
economically demanding, as it only involves identifying
Selection is the process of identifying an individual from a the needs of the job and encouraging candidates to apply
pool of job applicants with the requisite qualifications and for them. Selection involves a wide range of activities,
competencies to fill jobs in the organization. This is an HR which can be both time-consuming and expensive.
process that helps differentiate between qualified and 5. Recruitment, communication of vacancy is done so
unqualified applicants by applying various techniques. The through various sources such as the internet, newspaper,
term ‗selection‘ comes with the connotation of placing the magazines, etc., and distributes forms easily so
right person in the right job. Selection is the process in candidates can apply. Selection process, assessment is
which various strategies are employed to help recruiters done so through various evaluation stages, such as form
decide which applicant is best suited for the job. Some submission, written exams, interviews, etc
activities include:
1. Screening
2. Eliminating unsuitable candidates
3. Conducting an examination (aptitude test, intelligence
test, performance & personality test)
4. Interviews

5. Checking references
6. Medical tests

The selection process is a largely time-consuming step in an


employee‘s hiring experience. HR managers must carefully
identify the eligibility of every candidate for the post, being
careful not to disregard important factors such as educational
qualification, background, age, etc.

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Department of Education
REGION IV-A CALABARZON
SANTA CRUZ DISTRICT
LAGUNA SENIOR HIGH SCHOOL

b. Organizational Objectives – assist the organization with


its primary objective by bringing individual effectiveness.

c. Functional Objectives – maintain the department‘s


contribution at a level suitable to the organization‘s needs.
TRAINING AND DEVELOPMENT
d. Societal Objectives – ensure that an organization is
Training and Development is a structured program with ethically and socially responsible to the needs and
different methods designed by professionals in particular challenges of the society.
job. It has become most common and continuous task in any
organization for updating skills and knowledge of In the field of human resource management, training and
employees in accordance with changing environment. development is the field concerned with organizational
activity aimed at bettering the performance of individuals
Training is the process of improving and polishing the and groups in organizational settings..
required Skills to an employee in order to make him/her
skilled and perfectionist in the job which he / she does. Training and development encompasses three main
Training is purely job focused but development is activities: training, education, and development.
psychology and soft skills oriented.
Training - This activity is both focused upon, and evaluated
Employee development is psychological oriented mainly against, the job that an individual currently holds.
provided for people who deals with managerial tasks. Education - This activity focuses upon the jobs that an
individual may potentially hold in the future, and is
Traditional Approach – Most of the organizations before evaluated against those jobs.
never used to believe in training. They were holding the Development - This activity focuses upon the activities that
traditional view that managers are born and not made. There the organization employing the individual, or that the
were also some views that training is a very costly affair and individual is part of, may partake in the future, and is almost
not worth. Organizations used to believe more in executive impossible to evaluate.
pinching. But now the scenario seems to be changing.
The “ROLE of the Training & Development Team:
Modern approach of training and development is that
Organizations have realized the importance of corporate The "stakeholders" in training and development are
training. Training is now considered as more of retention categorized into several classes.
tool than a cost. The sponsors of training and development are senior
managers.
Responsibilities of the HR Training and Development The clients of training and development are business
Manager : planners. Line managers are responsible for coaching,
resources, and performance.
1. responsible for the organization's staff training The participants are those who actually undergo to the
requirements, programs, and career development needs. processes the hired applicants.
The facilitators are Human Resource Management staff,
2. supervise training staff, plan and administer training and the providers are HR Specialists in the field.
seminars
Each of these groups has its own agenda and motivatio ns,
3. manage conflict resolution, team building, and employee which sometimes conflict with the agendas and motivatio ns
skill evaluations. of the others.

TRAINING AND DEVELOPMENT OBJECTIVES

The principal objective of training and development division


is to make sure the availability of a skilled and willing
workforce to an organization.

a. Individual Objectives – help employees in achieving


their personal goals, which in turn, enhances the individual
contribution to an organization.

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REGION IV-A CALABARZON
SANTA CRUZ DISTRICT
LAGUNA SENIOR HIGH SCHOOL

ACTIVITY 1:

TRUE OR FALSE
ACTIVITY 3:
1. The most commonly found inappropriate questions
on application forms include questions involving past You graduated with a Bachelor‘s Degree in a reputable
salary levels, age, driver‘s license information and school in Manila. Upon receiving your College
Social Security numbers. Diploma and Transcript, you plan to apply for a vacant
2. The demographic information required for position that fits to the degree you earned.
affirmative action should be included in the application
form. 1. Write an application letter and a personalized
3. Selection tests are used to identify applicant skills Resume with the following information:
that cannot be determined in an interview process.
4. It is recommended that candidates be interviewed a. Personal Information
before administering selection tests. b. Educational Background
5. An interview is really a verbal test of the candidate, c. Work experience
with no clear right or wrong answers. d. References
6. Unstructured interviews require candidates to give
real examples of past actions and results and are based
on the theory that past behavior is a good predictor of ACTIVITY 4:
future behavior.
7. As much as 40 percent of applicants lie about their
(POSTERS OR ADVERTISEMENT)
work histories and educational backgrounds and
credentials. Great news! Just as expected,
8. Many organizations use promotion from within as a
motivation tool and a reward for good work or Your Company is growing! Sales are at record high
longevity with the organization. levels, and the CEO has approved hiring five new
9. The most common method to find qualified production team members. Your job is to design a
applicants from inside the organization is the recruitment and hiring plan. Your plan should include:
grapevine.
10. The more technically specific the job, the broader
the geographic area of recruitment.
Design a Recruitment Plan
ACTIVITY 2:

Identify the role of the training and Development 1. A brief job description of the position (information
Team. Use an extra sheet of paper to draw and write obtained from the job analysis you have already
your answers. completed).

2. The plan and activities for recruitment.


a. Requirements for hiring an applicant
b. Examination or Interview Proceedings

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REGION IV-A CALABARZON
SANTA CRUZ DISTRICT
LAGUNA SENIOR HIGH SCHOOL

Job Descriptions –
The job description is the written responsibilities, functions,
duties, requirements, conditions, environment, location and
other facets of job
ORGANIZATION AND MANAGEMENT: Job Analysis -
2nd QTR - WEEK 4 & 5 The process of analyzing the job is job analysis and job
descriptions are also developed
Functions and importance of compensation, wages and from it. Job analysis techniques include the use of
performance evaluation, appraisal, reward system, interviews, questionnaires, and observation.
employee relations and movement
Job Evaluation –
Compensation is the reward that the employees receive in It is a process of comparing jobs for the determining
return for the work performed and services rendered by them adequate compensation for individual jobs or job elements.
to the organization.
Pay Structures –
Compensation includes monetary payments: The pay structure includes the several grades and each grade
1. bonuses containing a minimum salary, increments and grade range.
2. profit sharing
3. overtime pay Salary Surveys –
4. recognition rewards and It is a collection of survey of salary and market data and also
5. sales commission, includes inflation indicators, average salaries, cost of living
indicators, salary budget averages. Companies may purchase
Or a non-monetary perks like a results of surveys conducted by survey vendors or may
1. company-paid car, conduct their own salary
2. company-paid housing and surveys.
3. stock opportunities
Policies and Regulations –
Employees Benefits: Compensation is supposed to be as fair if it is contained the
1. paid vacations 5. sick leave system of components to develop and maintain internal and
2. holiday leave 6. medical insurance external equity in organization.
3. maternity leave 7. free travel facility
4. retirement benefits
PERFORMANCE EVALUATION AND APPRAISAL
FUNCTIONS OF COMPENSATION:
Performance evaluation
Compensation is a systematic approach of providing
monetary value to employees in exchange for work It is the process of evaluating how effectively employees are
performed. fulfilling their job responsibilities and contributing to the
accomplishment of organizational goals.
It may help to achieve several purposes, such as
recruitment, job performance and job satisfaction. It is Performance appraisal
also defined as the package of quantifiable rewards an
employee receives for her or his labour. It is a regular review of an employee's job performance and
overall contribution to a company. Also known as an annual
It represents both, the intrinsic (psychological mind-sets review, performance review or evaluation, or employee
resulting from job performance) and extrinsic (including appraisal, a performance appraisal evaluates an employee's
both monetary and non-monetary) rewards. The term, skills, achievements, and growth--or lack thereof.
compensation refers to all forms of financial returns and
tangible benefits that an employee receives as a part of Reward system
employment relationship. It is to reward employees fairly, equitably and consistently
in correlation to the value of these individuals to the
Components of Compensation organization. Reward systems exist in order to motivate
employees to work towards achieving strategic goals which

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LAGUNA SENIOR HIGH SCHOOL

are set by entities. Reward management is not only


concerned with pay and employee benefits. It is equally The four pillars of employee relations
concerned with non-financial rewards such as recognition,
training, development and increased job responsibility. Here are four simple ways that managers can help maintain
positive employee relations.

1. Open communication
2. Show recognition
There are two kinds of rewards: 3. Constant feedback
4. Investing your employees
Extrinsic rewards:
- concrete rewards that employee receive.
Salary Computation:
1. Bonuses: Usually annually, Bonuses motivates the
1. Computing Pay for Work Done on :
employee to put in all endeavours and efforts during the
year.
a. Regular Day (basic daily rate = monthly rate x number
of months in a year (12) / total working days in a year)
2. Salary raise: Is achieved after hard work and effort of
b. Special Day (130% x basic daily rate)
employees, attaining and acquiring new skills or academic
c. Special Day, which is also a scheduled Rest Day
certificates and as appreciation for employees duty (yearly
(150% x basic daily rate)
increments) in an organization.
d. Regular Holiday (200% x basic daily rate)
e. Regular Holiday, which is also a scheduled Rest Day
3. Gifts: Are considered short-term. Mainly presented as a
(260% x basic daily rate)
token of appreciation for an achievement or obtaining an
organizations desired goal.
2. Computing Night Shift Premium where Night Shift is a
Regular Work:
4. Promotion: Quite similar to the former type of reward.
Promotions tend to effect the long-term satisfaction of
a. Ordinary Day (110% x basic hourly rate)
employees.
b. Rest Day, Special Day or Regular Holiday (110% of
regular hourly rate)
Intrinsic rewards:
- tend to give personal satisfaction to individual
3. Computation of Overtime
1. Information / feedback:
1. Ordinary Days - Number of hours in excess of 8 hours
This type of rewards offers guidance to employees whether
(125% x hourly rate)
positive (remain on track) or negative (guidance to the
correct path).
2. Rest Day, Special Day, or Regular Day Number of hours
in excess of 8 hours (130% x hourly rate)
2. Recognition:
This type of reward may take the presence of being formal
3. Night Shift - Ordinary Day (110% x basic hourly rate)
for example meeting or informal such as a "pat on the back"
to boost employees self-esteem and happiness which will
4. Rest Day, Special Day or Regular Holiday (110% x
result in additional contributing efforts.
overtime hourly rate)
3. Trust/empowerment: This form of reliance is essential in
order to complete tasks successfully. Computation of 13th Month Pay

Total basic salary earned for the year exclusive of overtime,


EMPLOYEE RELATIONS AND MOVEMENTS:
holiday, and night shift differential pay divided by 12 =
13thmonth pay
Employee relations – known as industrial relations, is
concerned with the contractual, emotional, physical and
Public Companies = 20 working days
practical relationship between employer and employee, it
Private Companies = 26 working days
alludes to the relationship between manager and employee,
and it can either be one that is founded in mutual respect,
appreciation, and trust, or fear and lack of transparency. How to compute for the compensation/salary or wages:

Baisc Salary - rate per month


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LAGUNA SENIOR HIGH SCHOOL

Rate per Day = rate per month / no. of days work


rate per day (35,000/20) 1750
Rate per hour = rate per day / 8 hrs (std. working hours)
rate per hour (1,750/8) 218.75
Rate per min = rate per hour / 60 min rate per min (218.75/60) 3.65
Rate per sec = rate per min / 60 sec rate per sec (3.65/60) 0.061

Basic Salary X no. of days (work) plus(+) Overtime = Gross ARLENES'S PAYROLL (OCTOBER 1-30, 2020)
BASIC SALARY (1,750x18DAYS) 31,500.00
Pay
ADD:
Gross Pay – Deductions and benefits) = Net Pay (Take OVERTIME
home Pay) 1 HR 218.75
25 MIN 91.25
Overtime : rate per hour X no. of hrs/min/sec (in 10SEC. 0.61 310.61

excess of 8 hrs work) GROSS PAY 31,810.61


LESS:
DEDUCTIONS:
Deductions: LATE
Absences : no. of days leave for work 2 HRS 437.50
Late : no. of hrs/min/sec delayed for time arrival 45 MIN 164.25
Benefits : SSS, Philhealth, Pag-ibig 30 SEC 1.83 603.58
REMITTANCES:
SSS 350
PHILHEALTH 300
Ex. 1 PAG-IBIG 200 850.00
TOTAL DEDUCTIONS: 1,453.58
- Arlene is a public employee, who receives a monthly
NET PAY 30,357.03
compensation of P35,000. The details of her salary for the
month of October of 2020 was listed below:

Absences – 2 days
Late – 2 hrs, 45 min and 30 sec.
Overtime : 1 hr and 25 min and 10 sec. Ex. 2. Mina is working as a secretary in a private company
SSS - P350.00, PHILHEALTH – P300.00 for 3 years earning P42,000.00 a month, she is expecting to
Pag-ibig - P200.00 received her 13th month this December 15, 30, 2020. If
Mina will compute for her salary and bonuses with 3 days
Required : and 55 minutes overtime, which remains unpaid. How much
1. Gross Pay 2. Total Deductions is her total netpay.
3. Amount of Overtime 4. net Pay

Answer :

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LAGUNA SENIOR HIGH SCHOOL

rate per day (42,000/26) 1,615.38 b. Flexible work hours


rate per hour (1,615.38/8) 201.92 c. Additional training
rate per min (201.92/60) 3.37 d. A trophy or plaque
rate per sec (3.37/60) 0.056 7. Which of the following is NOT an example of an
incentive?
MINA'S PAYROLL (DEC. 1-30, 2020) a. A trip
BASIC SALARY (1,615.38x26DAYS) 42,000.00 b. Tickets to a sporting event
ADD: c. An award
13th month (42,000*13/12 45,500.00 d. Salary
OVERTIME 8. Which type of rewards offers guidance to employees
1 HR 218.75 whether positive or negative.
25 MIN 91.25 a. Information/feedback
10SEC. 0.61 310.61 b. Remuneration
c. Benefits
GROSS PAY 87,810.61 d. Trust
LESS: 9. It is a a token of appreciation for an achievement or
DEDUCTIONS: obtaining an organizations desired goal.
LATE 0 -
a. Reward
REMITTANCES:
b. Gift
SSS 400
PHILHEALTH 300
c. High Salary
PAG-IBIG 250 950.00 d. Allowances
TOTAL DEDUCTIONS: 950.00 10. It is a systematic approach of providing monetary value
to employees in exchange for work performed.
NET PAY 86,860.61 a. Job analysis
b. Compensation
c. Reward
d. Performance appraisal
ACTIVITY 1 : Write the letter of your answer on a separate 11. The process of a regular review of an employee's job
sheet. performance and overall contribution to a company.
a. Performance evaluation
1- Compensation can be benefits. b. Performance appraisal
a. Monetary c. Reward system
b. Non-monetary c. Salary Surveys
c. both ‗a‘ and ‗b‘ 12. The process of analyzing the job is job analysis and job
d. None of the above descriptions are also developed
2- Wages represents rates of pay. from it.
a. Hourly a. Job evaluation
b. Daily
b. Job analysis
c. Weekly
c. Job descriptions
d. Monthly
3. are also called ‗payments by results‘. d. Pay Structures.
a. allowances
b. claims ACTIVITY 2: CASE ANALYSIS :
c. incentives
d. fringe benefits APOLLO HOSPITAL
4-Incentives depends upon
a. productivity Apollo Hospital has been growing in size as it offers
b. sales quality, prompt-caring services to the patients. Dr. Santos an
c. profits administrator is a person with good medical knowledge but
d. All of the above lacks knowledge and skills involved in human resources
5. Which of the following factor influence(s) employee management. The hospital has large quantities of medicine,
compensation?
equipment, spare parts of important machines installed in the
a. Labour market
b. Cost of living hospital. As usual, the Hospital has employed a
c. Labour unions ―storekeeper‖ with no previous experience of Hospital
d. All of the above Stores.

Mr. Ramon the storekeeper was working earlier in an


6. Which is an example of a monetary reward? engineering firm and had sufficient knowledge of such
a. Employee stock options stores. Ramon reports to the purchase Executive whose job

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is to order requisite materials for requirements of the entire


Hospital, Dr. Santos has been receiving various complaints
from the staff and doctors of non-availability of medicines, 6. Mr. Dela Rama is a public employee earning
drugs, spares of equipment and other consumables required P52,000.00 a month. He is presently receiving an
in the Hospital having 500 beds.
additional clothing allowance of P2,500.00 and
Since the hospital so far did not employ a qualified
transportation allowance of P500.00 monthly.
Personnel Manager, the administrators are not aware of the His monthly remittances for GSIS-Philhealth and
job analysis procedures, nor do they have job description Pag-ibig amount is P1,250.00. He covers a 2 ½
and job specification of any of the jobs being performed. days of absences with 4 hrs , 32 minutes and 18
seconds late. Listed also are his overtime for the
Questions: Write your answer/s in a separate sheet. said period of 3 hrs and 50 minutes and 15
seconds.
(1) Write down the job analysis, job description and job
specification of a storekeeper‘s job.
Compute for the following: Use a separate
(2) Which are the staff members from whom you would sheet and show your computations:
collect useful information and requirements of this job?
Basic Salary
ACTIVITY 3:
Rate per day
Identify the rewards given to an employees –
Rate per hour
M – Monetary Rewards
NM – Non Monetary rewards Rate per minute
EB - Employees Benefit Rate per seconds

1. Sickleave 8. Bonus Total amount for late


2. Overtime pay 9. Company car Total amount for Overtime
3. Matermity leave 10. Holiday leave
4. Housing 11. Vacation paid Total Deductions
5. Commission 12. Free travel additional Incentives
6. Stocks 13. Retirement fee
7. Medical Insurance 14. 13th month 13TH MONTH FOR DECEMBER
15. Vacation leave

PAYROLL PERIOD SEPT. 1-30, 2020


NAME : MIRAY VIRAY
PROBLEM SOLVING:
BASIC SALARY
1. Rina is working in a private company earning ADD:
P20,000.00 monthly. How much is her rate per day?
a. 796.38 c. 769.23 OVERTIME PAY
b. 769.83 d. 796. 23 ADDITIONAL INCENTIVES

2. Elmer’s rate per day is P500.00. he has a 2hrs late and GROSS PAY
15minutes. How much is Elmer’s total amount for late.
a. 140.63 c. 104.36
LESS: DEDUCTIONS
b. 140.36 d. 104.63
LATES
3. Mercelly works for 5 years in St,Luke’s Hospital as a
REMITTANCES
private nurse and received a salary of P30,000 per
month. How much is her 13th month Pay. TOTAL DEDUCTIONS

4. Anne’s deductions for Late is P300.00, How much is NET PAY


her rate per hour if she has a late of 2 hrs.

5. The basic salary of Merced if P25,000 and with an


overtime of P800.00. How much is her gross pay?

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ORGANIZATION AND MANAGEMENT:


2ND QTR – WEEK 6 & 7
6. Mr. Dela Rosa is a private employee earning
P45,000.00 a month. He is presently receiving an The concept and nature of different control methods and
additional clothing allowance of P3,500.00 and techniques in accounting and marketing:
transportation allowance of P400.00 monthly.
His monthly remittances for GSIS-Philhealth and 1. Meaning of Management Accounting:
Pag-ibig amount is P1,550.00. He covers a 3 ¼ The term Management Accounting consists of two words
days of absences with 3 hrs , 2 minutes and 8 ―Management‖ and ―Accounting‖. It is the study of
seconds late. Listed also are his overtime for the managerial aspects of accounting. It is a tool in the hands of
said period of 1 hr and 20 minutes and 10 management to exercise decision making. The emphasis of
seconds. management accounting is to redesign accounting in a
manner which is helpful to the management in framing the
policies and control of their execution.
Compute for the following: Use a separate
sheet and show your computations: Nature of Management Accounting:
Though Management Accounting is the latest branch in the
accounting arena, it may be regarded partly as a Science and
Basic Salary
partly as an Art. It is the science of ‗Quantifying and
Rate per day summarising‘ and Art of ‗Interpreting‘ accounting data.
Rate per hour Management Accounts derives its conclusions through
Rate per minute collection, processing and objective analysis of data
Quantified in figures. Thus it depends upon ―Objectivisation
Rate per seconds
and Quantification of progress and problems‖. From this
point of view Management accounting may be regarded as a
Total amount for late Science.
Total amount for Overtime
Management Accounting control systems:
Total Deductions
additional Incentives The process by which managers assure that resources are
obtained and used effectively and efficiently in the
13TH MONTH FOR DECEMBER accomplishment of the organization's objectives. Accounting
control was made thru a Bookkeeping approach in a small
business, made by the Bookkeeper.
PAYROLL PERIOD SEPT. 1-30, 2020
NAME : MIRAY VIRAY What is bookkeeping?

BASIC SALARY Bookkeeping is the process of recording and organizing a


ADD: business‘s financial transactions, and a bookkeeper is a
person responsible for that process.
OVERTIME PAY
ADDITIONAL INCENTIVES 1. Bookkeeping is the primary way business owners can
GROSS PAY figure out if their business is profitable: keeping an eye on
your numbers lets you identify financial challenges early on
and address them before they blossom into full-fledged
LESS: DEDUCTIONS crises.
LATES 2. Bookkeeping also helps you identify areas of profit
expansion—areas you might not have noticed without clear
REMITTANCES financial reports you can interpret easily.
TOTAL DEDUCTIONS
Bookkeeper records transactions, sends invoices, makes
NET PAY payments, manages accounts, and prepares financial
statements.

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LAGUNA SENIOR HIGH SCHOOL

1. Understand business accounts - In the world of 5. Balance the books


bookkeeping, an account doesn‘t refer to an individual bank
account. Instead, an account is a record of all financial The last step in basic bookkeeping is to balance and close
transactions of a certain type, like sales or payroll. the books. When you tally up account debits and credits—
often at the end of the quarter or year—the totals should
There are five basic types of accounts: match. This means that your books are ―balanced.‖

 Assets, which are the cash and resources owned by You have been recording journal entries to accounts as
the business (e.g., accounts receivable, inventory) debits and credits. At the end of the period, you‘ll ―post‖
 Liabilities, which are the obligations and debts these entries to the accounts themselves in the general ledger
owed by the business (e.g., accounts payable, and adjust the account balances accordingly with the
loans) TRIAL BALANCE:
 Revenues or income, which is the money earned
by the business, usually through sales 6. Prepare financial reports
 Expenses or expenditures, which is the cash that
flows out from the business to pay for some item or Now that you‘ve balanced your books, you need to take a
service (e.g., salaries, utilities) closer look at what those books mean. Summarizing the flow
 Equity, which is the value remaining after of money in each account creates a picture of your
liabilities are subtracted from assets, representing company‘s financial health. You can then use that picture to
the owner‘s held interest in the business (e.g.,
make decisions about your business‘s future.
stock, retained earnings)
Here are some of the most common financial reports created
2. Set up your business accounts - Knowing the accounts
in bookkeeping:
you need to track for your business is one thing; setting them
up is another. Back in the day, charts of accounts were
recorded in a physical book called the general ledger (GL). Balance sheet.
This document summarizes your business‘s assets, liabilities,
3. Decide on a bookkeeping method and equity at a single period of time. Your total assets
should equal the sum of all liabilities and equity accounts.
If you plan to do your own books you are going to
use single-entry bookkeeping or double-entry Profit and loss (P&L) statement.
bookkeeping? Also called an income statement, this report breaks down
business revenues, costs, and expenses over a period of time
Single-entry bookkeeping, you enter each transaction only (e.g., quarter). The P&L helps you compare your sales and
once. If a customer pays you a sum, you enter that sum in expenses and make forecasts.
your asset column only.
Double-entry accounting, any transaction in one account The five account types are:
requires an equal and opposite entry. you‘ll record two
entries for each transaction: a debit (Dr) and a credit (Cr). Assets, Liabilities, Equity, Revenue (or Income) and
And this is the recording for a journal entry (JE) Expenses

4. Record every financial transaction: Assets: tangible and intangible items that the company owns
that have value (e.g. cash, computer systems, patents)

Liabilities: money that the company owes to others (e.g.


mortgages, vehicle loans)

Equity: that portion of the total assets that the owners or


stockholders of the company fully own; have paid for
outright

Revenue or Income: money the company earns from its


sales of products or services, and interest and dividends
earned from marketable securities

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LAGUNA SENIOR HIGH SCHOOL

Expenses: money the company spends to produce the goods


or services that it sells (e.g. office supplies, utilities,
advertising)

Ex. 1 ANSWER:
MATCHING TYPE: WRITE ONLY THE LETTER OF YOUR ANSWERS
ON A SEPARATE SHEET.
A ACCOUNTS PAYABLE I DEBIT
B ACCOUNTS RECEIVABLE J EQUITIES
C ASSETS K EXPENSES
D BOOKKEEPER L GENERAL LEDGER
E BOOKKEEPING M JOURNAL ENTRY
F CASH N NET INCOME
G CAPITAL O NET LOSS
H CREDIT P TRIAL BALANCE

The book of the original entry


The process used in recording of the transactions
Sold merchandise on account
The left side of an account
The person who records the transactions of the business.
If expenses is higher than the sales it is called .
The right side of an accoung
ASSETS The equal amount on the DR and CR side of an account
The book of the final entry.
DATE CASH SUPPLIES EQUIPMENT LIABILITIES EQUITIES If the sales is higher than the expenses it is called ,
The properties owned by the business.
BAL 60,000.00 7,500.00 300,000.00 75,000.00 292,500.00 The invested amount for the business is called .
Rent and Salary are considered .
1 150,000.00 150,000.00 It can be paid in checks or in bills.

2 - 20,000.00 20,000.00 The amount due to suppliers


It is the sum of capital, income less drawings and expenses

3 -112,500.00 -112,500.00
4 5,000.00 5,000.00
5 - 15,000.00 - 15,000.00
6 - 53,000.00 - 53,000.00
7 -8,000.00 - 8,000.00

ANSWER :
1. The owner invested cash of P150,000.00 for the business.
2. Purchased equipment and paid cash of P20,000.00
3. The owner withdrew cash for personal use P112,500.00
4. Purchase supplies on account P5,000.00
5. The owner paid the salary of the employees P15,000.00
6. The acccount due to supplier P53,000.00
7. Supplies was returned to supplier P8,000.00

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LAGUNA SENIOR HIGH SCHOOL

ACTIVITY 1:
ORGANIZATION AND MANAGEMENT:
2ND QTR – WEEK 8
Steps and importance of starting a family business

There are many positive reasons for starting a family


business, including earning income, working for yourself,
employing family members and having a business to pass
down to the next generation. And, when you hire your
children, they gain work experience as they earn income.
You might even be able to benefit from family business tax
breaks.

12 essentials for striking the right balance in a family


business

1. Set some boundaries. It‘s easy for family members


involved in a business to talk shop 24/7. Limit business
discussions outside of the office.
Activity 2:
2. Establish clear and regular methods of communication.
Problems and differences of opinion are inevitable.

3. Divide roles and responsibilities. While various family


members may be qualified for similar tasks, duties should be
divvied up to avoid conflicts.

4. Treat it like a business. A common pitfall in a family


business is placing too much emphasis on ―family‖ and not
enough on ―business.‖

5. Recognize the advantages of family ownership. Family-


owned businesses offer unique benefits.

6. Treat family members fairly. While some experts advise


against hiring family members at all, that sacrifices one of
the great benefits of a family business.

7. Put business relationships in writing. It‘s easy for family


members to be drawn into a business startup without a plan
for what they will get out of the business relationship.

8. Don‘t provide ―sympathy‖ jobs for family members.


Avoid becoming the employer of last resort for your kids,
cousins or other family members.

9. Draw clear management lines. Family members who


often have a present or presumed future ownership stake in
the business have a tendency to reprimand employees who
don‘t report to them.

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10. Seek outside advice. The decision-making process for to yourself, your team, and to outside investors. If you‘re
growing a family business can sometimes be too closed. expanding your growing business and need funding, a
Fresh ideas and creative thinking can get lost in the tangled formal plan is must-have to explain your vision to lenders.
web of family relationships.

11. Develop a succession plan. A family business without a As a start-up you‘ll need to take the time to project sales,
formal succession plan is asking for trouble. The plan should costs and expenses to know how much money you‘ll need
spell out the details of how and when the torch will be and when you‘ll need it. If you‘re trying to convince friends
passed to a younger generation. or family to invest in your new venture, these components
show them your idea has potential, that you‘ve taken the
12. Require outside experience first. If your children will be time to work out the finances, and that your team has the
joining the business, make sure they get at least three to five experience to get the job done.
years business experience elsewhere
9 essential sections of Business Plan:
How do you manage business and family?
1: Executive Summary
 Use family as fuel. ... Your business plan should begin with a brief executive
 Find time by cutting out the commute. ... summary providing a high-level overview of your business
 Keep your foundation strong. ... plan. If the purpose of your plan is to raise money, be sure to
 Business talk is always on the table. ... clearly outline the amount of money you‘re requesting …
 Work when everyone else is sleeping. ... and when you need it … in the summary.
 Put trust in others and delegate.
2: Company Description
4 TYPES OF FAMILY BUSINESS: Include the name of your business, its location, legal status
(incorporated, partnership or sole proprietor), the type of
1. Simple business, simple family operation (retail, wholesale, manufacturing, professional
Businesses like this are fairly focused, with a concentrated service), and a short description of what you sell.
family structure. With only a few family members involved,
they do not need complex governance systems for either the 3: Market Analysis-
business or the family. Do a complete analysis of the market for your service or
product. Don‘t skip this step. This exercise forces you to
2. Simple business, complex family think about the best way to position your brand so you can
Businesses of this type are relatively simple, but many realize the full potential of your product or service. How big
family members are involved in management or ownership, is your target market? Does it have a seasonal component?
or both. Some family members may feel entitled to benefits Who is your primary customer? What major trends are
without contributing proportionately. driving their behaviour or affecting the size of your audience?
Who is your competition? How will you differentiate your
3. Complex business, simple family brand from the major players?
The business has already matured and requires sophisticated
managerial talent to run it. With few family members 4: Service or Product
involved, it is important to professionalize the business to Write a complete description of your service or product
limit its dependence on scarce family talent. outlining its features … and most importantly its benefits for
the end-user. This information will help you draft a unique
4. Complex business, complex family selling proposition, or USP, that clearly differentiates your
The business will also need mature governance systems that brand from the competition.
set clear expectations for the business leadership, and
development programs to stimulate leadership talent. 5: Marketing Plan
The marketing plan—how you will actually promote and sell
BUSINESS PLAN: your product – is the lifeblood of your existence. Without
sales, you have no business. How will you promote your
A business plan outlines your goals and your plans to product? Where will it be available for sale? Does your
achieve them. It also – and we‘ll come back to this – helps business require a sales force? Will you sell your product
you stay on strategy, outlining the best way to reach your through retail outlets? What is the selling price?
chosen goals.
6: Financials including Projections
The type of business plan you need will vary. If your Include current financial statements (an income statement,
company is a start-up, your plan helps explain the business – cash-flow projections and a balance sheet) in your business

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plan to show the current state of your business, as well as a b. intrapreneur.


3-5 year history. c. innovator.
d. franchisor.
5. Which of the following is not a common reason for small-
business failure?
7: Funding Requirements
If you‘re trying to raise money to start or expand a business, a. lack of interest.
include the amount of financing required, how you plan to b. lack of necessary personnel.
spend this money, and when it‘s needed. c. lack of experience.
d. poor allocation of time.
8: Management Team 6. The Business Development Bank is available for:
Provide a description of your management team, their roles a. those companies unable to obtain bank loans.
and responsibilities and their qualifications. If you haven‘t b. those companies who wish to sell shares.
filled all your management positions yet, include a timeline c. those companies who wish to export.
on when your team will be complete. If labor shortages exist d. all of the above.
in your industry, how will you overcome this challenge? 8. The EDC was established to:
a. lend money to companies.
9: The Review Schedule b. assist businesses in the task of exporting.
You‘ve got one simple yet critical step left: the review c. .to invest in exporting companies.
schedule. It‘s as simple as marking the third Monday of d. none of the above.
every month as the day you‘ll review your plan and ensure 9. Which of the following would be included in the business
your business is on track. plan?
a. capital required.
Remember, it‘s called a plan for a reason. Your business b. marketing plan.
plan requires regular review and is never done. It‘s a critical c. management team.
aspect of running a successful business. Dedicate the time to d. all of the above.
creating a plan if you don‘t have one, and then make sure 10. Which characteristic would likely be found in an
you stick to that review schedule. Very soon, you‘ll see how industry dominated by small business firms?
it pays off. a. little capital required.
b. capital intensive.
There you have it, the nine essential elements. One way to c. labour intensive.
get started on your plan, if you haven‘t already, is to create a d. none of the above.
schedule with a deadline for each element, along with who, 11. Which of the following is suggested by the text as a way
besides you, will be working on each piece. of learning how to run a small business?
a. learn from others.
ACTIVITY 1: b. get some experience.
c. consult with an accountant.
1. Which of the following was not cited as a reason for d. all of the above.
starting a new business?
a. independence. c. challenge. ACTIVITY 2: True or False:
b. profit. d. increase of leisure time.
2. Which of the following is not a characteristic of a small 12. Highly innovative, fast moving entrepreneurial units
business? operating at the fringes of a corporation are called
a. independently owned and operated. skunkwork.
b. dominant in its field. 13. Nearly all small businesses are foreign owned and
c. meets certain standards in terms of size. managed.
d. all of the above. 14. Small businesses are found in few sectors or industries.
15. Lack of finances is an important cause of small business
3. All but which of the following was cited in the text as a failure.
reason for female entrepreneurship?
a. financial need. ACTIVITY 3: Multiple Choice:
b. lack of promotion opportunities.
c. feminism 1. What is a business plan?
d. recognition and prestige. a. A gallery of photos that explains the location and
4. Mr. X is employed in a corporation to launch new construction of the business
products. He is a(n): b. A written plan that is a description of all the aspects of the
a. entrepreneur. business and includes the business's goals

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c. A collection of plans that are combined from different


business and then analyzed and compared to your business
d. none of the above are correct;

2. What should the aspect of the cover sheet or table


of contents NOT include?
a. owners name, company name, and address
b. website,
c. email address and the business logo
d, the competitors of that business
3. What is the most important part of your business
plan?
a. ExecutiveSummary
b. Table of Contents
c. Background
d. Financial Plan
4. Which part of the business plan explains the process
of attraction of customers to your business and how
you determined the appropriate customers?
a. Market Research/anaylsis
b. Financial Plan
c. Background and History
d. all of the above
5. What does the area of Background research or
History explain?
a. Describes yourself and what experiences you bring
to the venture
b. describes the customers basis that the product will
suit c. Includes the address of the business and the
owner's contact information
d. It includes all of the above

ACTIVITY 3:

Prepare a Business Plan of your own.

I. Executive Summary
II. Company Description
III. Market Analysis
IV. Service or Product
V. Marketing Plan
VI. Financial Plan
V. Management Team/Narrative and Other documents

“End of First Semester”

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