First, calculate the perimeter of the square:
\[
\text{Perimeter of square} = 4 \times 11 = 44 \, \text{cm}
\]
Next, use the formula for the circumference of a circle:
\[
C = 2 \pi r
\]
We are given that the circumference of the circle is equal to the perimeter of the square, so:
\[
2 \pi r = 44
\]
Solving for \( r \):
\[
r = \frac{44}{2 \pi} = \frac{22}{\pi}
\]
Now, calculate the area of the circle using the formula \( A = \pi r^2 \):
\[
A = \pi \left( \frac{22}{\pi} \right)^2 = \frac{484}{\pi}
\]
Using \( \pi \approx 3.1416 \):
\[
A \approx \frac{484}{3.1416} \approx 154 \, \text{cm}^2
\]
Thus, the correct answer is 144 cm\(^2\).