ENTREPRENEURSHIP

Quarter 1 – INTRO
The Relevance of Entrepreneurship
Entrepreneurship Alternative
Delivery Mode
Quarter 1 – INTRO: The Relevance of Entrepreneurship First Edition,
2020

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Published by the Department of Education

Secretary: Leonor Magtolis Briones
Undersecretary: Diosdado M. San Antonio

Development Team of the Module

Writer: Rowena C. Untalan
Editors: Grace N. Aloner and Angelina T. Almazan
Reviewers: Leilani A. Pregellana and Eric A. Molines
Illustrator: Ariela Joy R. Matalog
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 Entrepreneurship
Quarter 1 – INTRO

The Relevance of Entrepreneurship

Introductory Message
For the facilitator:

Welcome to the Entrepreneurship for Grade 12 Alternative Delivery Mode (ADM)

Module on Introduction to Entrepreneurship!

This module was collaboratively designed, developed and reviewed by educators

both from public and private institutions to assist you, the teacher or facilitator in
helping the learners meet the standards set by the K to 12 Curriculum while
overcoming their personal, social, and economic constraints in schooling.

This learning resource hopes to engage the learners into guided and independent
learning activities at their own pace and time. Furthermore, this also aims to help
learners acquire the needed 21st century skills while taking into consideration
their needs and circumstances.

In addition to the material in the main text, you will also see this box in the body of
the module:

Notes to the Teacher

This contains helpful tips or strategies
that will help you in guiding the learners.

As a facilitator you are expected to orient the learners on how to use this module.
You also need to keep track of the learners' progress while allowing them to
manage their own learning. Furthermore, you are expected to encourage and assist
the learners as they do the tasks included in the module.

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For the learner:

Welcome to the Entrepreneurship 12 Alternative Delivery Mode (ADM) Module on

Introduction to Entrepreneurship!

The hand is one of the most symbolized part of the human body. It is often used to
depict skill, action and purpose. Through our hands we may learn, create and
accomplish. Hence, the hand in this learning resource signifies that you as a
learner is capable and empowered to successfully achieve the relevant
competencies and skills at your own pace and time. Your academic success lies in
your own hands!

This module was designed to provide you with fun and meaningful opportunities
for guided and independent learning at your own pace and time. You will be
enabled to process the contents of the learning resource while being an active
learner.

This module has the following parts and corresponding icons:

What I Need to Know This will give you an idea of the skills or
competencies you are expected to learn in
the module.

What I Know This part includes an activity that aims to

check what you already know about the
lesson to take. If you get all the answers
correct (100%), you may decide to skip this
module.

What’s In This is a brief drill or review to help you link

the current lesson with the previous one.

What’s New In this portion, the new lesson will be

introduced to you in various ways such as a
story, a song, a poem, a problem opener, an
activity or a situation.

What is It This section provides a brief discussion of

the lesson. This aims to help you discover
and understand new concepts and skills.

What’s More This comprises activities for independent

practice to solidify your understanding and
skills of the topic. You may check the
answers to the exercises using the Answer
Key at the end of the module.

What I Have Learned This includes questions or blank

sentence/paragraph to be filled in to
process what you learned from the lesson.

What I Can Do This section provides an activity which will

help you transfer your new knowledge or

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 skill into real life situations or concerns.

Assessment This is a task which aims to evaluate your

level of mastery in achieving the learning
competency.

Additional Activities In this portion, another activity will be given

to you to enrich your knowledge or skill of
the lesson learned. This also tends retention
of learned concepts.

Answer Key This contains answers to all activities in the

module.

At the end of this module you will also find:

References This is a list of all sources used in

developing this module.

The following are some reminders in using this module:

1. Use the module with care. Do not put unnecessary mark/s on any part of
the module. Use a separate sheet of paper in answering the exercises.
2. Don’t forget to answer What I Know before moving on to the other activities
included in the module.
3. Read the instruction carefully before doing each task.
4. Observe honesty and integrity in doing the tasks and checking your
answers.
5. Finish the task at hand before proceeding to the next.
6. Return this module to your teacher/facilitator once you are through with it.
If you encounter any difficulty in answering the tasks in this module, do not
hesitate to consult your teacher or facilitator. Always bear in mind that you are
not alone.

We hope that through this material, you will experience meaningful learning
and gain deep understanding of the relevant competencies. You can do it!

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 What I Need to Know

This module was designed and written with you in mind. It is here to help you
understand key concepts, underlying principles, core competencies of
entrepreneurship as well as its importance in real life. The scope of this module
permits it to be used in many different learning situations. The language used
recognizes the diverse vocabulary level of students. The lesson is arranged to follow
the standard sequence of the course.

The module is composed of one lesson entitled,

“The Relevance of Entrepreneurship.”

After going through this module, you are expected to:

1. explain the key concepts and principles of Entrepreneurship

2. recognize entrepreneurship as a subject
3. discuss the relevance of the studying Entrepreneurship
4. explain the social and economic contributions of Entrepreneurship

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 What I Know

Let’s find out what you already know about the topic by taking the pre-test.
On a separate sheet of paper, write the letter that corresponds to your choice.

1. It is the capacity and willingness to develop, organize, and manage a

business venture along with any of its risks in order to make a profit.
A. Enterprise C. Economics
B. Entrepreneurship D. Business
2. This refers to a new business undertaking which involves risk.
A. business B. company C. venture D. entrepreneurship
3. Most entrepreneurs consider as the biggest reward of owning
a business.
A. prestige C. making Profits
B. being their own boss D. personal satisfaction
4. A person who creates and runs a business is called an .
A. employer C. investor
B. employee D. entrepreneur
5. is a good reason not everyone wants to be an entrepreneur.
A. Risk B. Technology C. Competition D. Fear
6. Entrepreneurship involves a continuous search for ideas, new ways of doing
things, new methods, etc. This means entrepreneurship involves .
A. risk-bearing C. innovation
B. profit-making D. profiteering
7. Which of the following best describes an entrepreneur?
A. A person who works for someone who owns a business
B. A person who decides to create or run a business
C. A person who buys a successful business
D. A person who teaches business at a college
8. Which of the following statements is not true about entrepreneurship
education?
A. Entrepreneurship develops an interest in starting a business.
B. Entrepreneurship changes personal and career attitudes which
include creativity, responsibility, collaboration, problem-solving skills
and many others.
C. Entrepreneurship develops a love for money.
D. Entrepreneurship can transform learners to be innovators.
9. By the virtue of Republic Act (R.A.) No.10679, otherwise known as the
, entrepreneurship program for the K to 12 learners
was created.
A. Young Learners Entrepreneurs Act
B. K12 Entrepreneurship Act
C. Youth Entrepreneurship Act
D. High School Entrepreneurship Act

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10. The reasons why Entrepreneurship is incorporated in the SHS
Curriculum are .
1. To equip the learners with 21st-century skills that will enable them to
meet the demands of the Fourth Industrial Revolution.
2. To prepare the SHS graduates for business
3. To prepare the SHS graduates for college and employment
4. All of the above
A. 1 & 2 B. 2 & 3 C. 1 & 3 D. 4
11. What role do entrepreneurs play in economics?
A. Entrepreneurs set trends.
B. Entrepreneurs create businesses that produce products and services
that meet the needs and wants of the consumers.
C. Entrepreneurs borrow money from the economy to start their
business.
D. None of the above.
12. When taxes are paid by the entrepreneurs, better services are delivered to
people through government projects, This means, .
A. entrepreneurship brings social benefits
B. entrepreneurship utilizes and mobilizes more resources for greater
national productivity
C. entrepreneurship creates more entrepreneurship
D. entrepreneurship improves the quality of life
13. What benefit of entrepreneurship education agrees with the given
statement? “I know how to do it correctly.”
A. Entrepreneurship promotes social justice and equality
B. Entrepreneurship develops analytical and decision-making skills
C. Entrepreneurship promotes optimism and positive attitude
D. Entrepreneurship helps demonstrate efficiency.
14. The following are benefits of studying Entrepreneurship, except .
A. It promotes social and emotional well-being.
B. It gives us profit.
C. It enables us to be more creative.
D. It develops different skills.
15. What does the given statement suggest? “I am going to put up my own
business in the future.”
A. Entrepreneurship develops an interest in business and venturing to it
in the future.
B. Entrepreneurship promotes social equality and justice.
C. Entrepreneurship teaches the students how failure makes them more
creative and innovative.
D. Entrepreneurship develops management and financial skills.

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 The Relevance of
Lesson
Entrepreneurship

Our country, the Philippines is a developing country. It is faced with different

challenges in terms of poverty, malnutrition, high mortality rates, crimes, and a
high rate of employment among others. This situation hinders the further growth of
our nation’s economy and limits the delivery of sufficient and satisfying public
services. It also has a great impact on the lives of its people.
Our government keeps on finding a solution to these problems to address social
unrest. Part of this solution is providing relevant and quality education which is
made available for all.
Engaging in business enterprises has been seen as a potent way to improve
life and eradicate poverty. In fact, it can create enormous wealth. It can provide
income for the unemployed and additional income streams for the employed. It is
an effective means to augment income, to make a decent living and, to create a
better life for the family. A better life means better people, which means a better
nation.
Including Entrepreneurship in our K to 12 Curriculum made our basic
education more relevant to the needs of the time.

This module will help you understand the key concepts, underlying principles, and
core competencies of Entrepreneurship where you will learn why it is considered as
a means to an end. This also, will aid you in understanding its importance to you
as a student and its contribution to society and economy.

Objectives

At the end of this lesson, you should be able to:

1. recognize entrepreneurship as a subject

2. explain the key concepts and principles of Entrepreneurship
3. discuss the relevance of the studying Entrepreneurship
4. explain the social and economic contributions of Entrepreneurship

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 What’s In

Being an entrepreneur requires you to understand business terms that will help
you in running your business effectively. Let’s find out if you still remember the
entrepreneurial terms that you have encountered in your AP-Economics subject in
junior high school.

Direction:

Figure out the word that corresponds to the given configuration clues. Write your
answers on a separate sheet of paper.

1. Desires that can be satisfied in

consuming goods and services
or leisure activities w t

2. An object or system made available

for consumer use p d t

3. A person or organization that buys

goods or services c s r

4. The amount of money expected or p e

required in payment for something

5. A social process which involves the

utilization of resources to produce
produce goods and services
to satisfy the needs of society b i s

6. Money that is kept after all expenses

of running a business p f t

have been deducted from the

income

Now that you have gained knowledge about Economics, it’s time for you to learn
something about Entrepreneurship.

☺ Let’s get started!

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 Notes to the Teacher
Let the student identify the importance of education and
lead him/her to the relevance of entrepreneurship
education through the paragraph below.

What’s New

Read and understand the paragraph carefully.

For months now, our united efforts against the COVID-19 pandemic are producing in defeating the
unseen threat. Still, our country and the world at large are facing new challenges brought about by
this unforeseen public health crisis.
As we continue to confront the issues brought about by the pandemic, we in the Department of
Education (DepED) are addressing challenges in the basic education through the Learning Continuity
Plan (LCP), which will be in effect by the time of School Year 2020-2021 opens on August 24, 2020.
The LCP is our major response and our commitment in ensuring the health, safety, and well-being of
our learners, teachers, and personnel in the time of COVID-19 while finding ways for education to
continue amidst the crisis for the upcoming school year.
It is our goal to facilitate the safe return of our teachers and learners to school without any worry for
COVID -19 but until such time is already possible, we will do everything in our capacity to carry on so
that basic education will still be available despite the crisis. (An Excerpt, Official Statement,
Department of Education, May 5, 2020)

In the above statement, the Department of Education declares that it is exercising

its best efforts to deliver quality instruction in the new normal brought about by
COVID-19 pandemic. This proves that education should not be taken for granted
because of its importance. Despite the efforts, many graduates are still unemployed
due to a lack of required skills for employment and in business. To address this
challenge, entrepreneurship is included in college and in Senior High School

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Curriculum for it is proven that Entrepreneurship education cultivates skills
and innovative talents, which are an important driving force for future
development. Let’s find out!!! ☺
Before we proceed, give your idea first by doing the activity below.

Activity
Make an acrostic expressing your idea about entrepreneurship and how it
contributes to your development as a student and as a person. Write your acrostic
on short bond paper. The first one is done for you.

Importance of Studying Entrepreneurship

E ducation for real life

N
T
R
E
P
R
E
N
E
U
R
S
H
I
P

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 What is It

In colleges and universities, Entrepreneurship is offered as a degree that focuses on

how to start and manage a business by combining management, accounting,
finance, and marketing principles.
In the secondary schools, Entrepreneurship is one of the applied track subjects
offered to all senior high school students regardless of track – Academic or TVL
Tracks.
By the virtue of Republic Act (R.A.) No.10679, otherwise known as the “Youth
Entrepreneurship Act”, an entrepreneurship program for the K to 12 learners was
created. This was included in the SHS Curriculum to equip the learners with 21 st-
century skills that will enable them to meet the demands of the Fourth Industrial
Revolution.
Entrepreneurship is one of the four exits of the Senior High School Program along
with the pursuit of college education, development of middle-level skills and
employment. It ensures that senior high school graduates are employable,
entrepreneurial and college-ready.

What is Entrepreneurship?

Word origin - French Word - entreprendre

Meaning - to do something or to undertake

The word “entrepreneur” was derived from the French verb entreprendre, which
means “to undertake”. This refers to those who undertake” the risk of new enterprises
(De Guzman, 2018).

According to The Business Dictionary, entrepreneurship is the capacity and willingness

to develop, organize, and manage a business venture along with any of its risks in
order to make a profit. The most obvious example of entrepreneurship is the
starting of new businesses.

Professor Nathaniel Left defines entrepreneurship is the capacity for innovation,

investment, and expansion in new markets, products, and techniques. This
definition is not only applicable in business but also social services like schools,
hospitals, government agencies, and similar institutions.

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What is an Entrepreneur?

Someone who creates and runs a business is called an entrepreneur.

Core Concepts of Entrepreneurship

Economic and dynamic activity
Entrepreneurship is an economic activity because it involves the creation and
operation of an enterprise with a view to create value or wealth by ensuring
optimum utilization of scarce resources.
Innovation
Entrepreneurship involves a continuous search for change, new ideas, and new
ways of doing things.

Profit potential
It is the level of compensation or return to the entrepreneur. He earns profit for
taking the risk of developing idea into an actual business venture.
Risk bearing
The essence of entrepreneurship is the willingness to assume risk arising from the
creation and implementation of new ideas.

What is Risk?
When an entrepreneur starts a new business, the risk is involved.

The Business Dictionary defined risk as a probability or threat of damage, injury,

liability, loss, or any other negative occurrence, that is caused by external or internal
vulnerabilities, and that may be avoided through pre-emptive action.
In simple words, the risk is the chance of losing something. The

venture is a new business undertaking that involves risk.

Risk of Being an Entrepreneur

1. Potential business failure. Being fully responsible means the success or

failure of the business rests on you.

2. Unexpected Obstacles. Problems can happen even if you don’t expect them.
There is also a possibility of a loss of property.

3. Financial Insecurity. Many businesses don’t make much money in the

beginning, so you may not always be able to pay yourself.

4. Long Hours and Hardwork. It’s not unusual for entrepreneurs to work a
lot of extra hours to make their business successful. This is initially
true during the initial start-up process.

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 So, if the business involves

Why be an Entrepreneur?

The biggest reward of becoming an entrepreneur is the personal satisfaction

that comes from having the freedom to make your own business decisions
and act on them.

Making your own rules. When you own a business, you get to be your
own boss. You can set your own schedule and enjoy time freedom.

Doing the work you enjoy. Majority of most people’s lives are spent in
work. The entrepreneur has an opportunity to do something that
he/she enjoys.
Creating greater wealth. An entrepreneur can create enormous wealth.
There is no limit to what he/she can make.

Helping your community. Being an entrepreneur lets you make your

community and world a better place.

Why do we need to study Entrepreneurship?

Studying entrepreneurship makes sense because it nurtures personal growth and
development. It teaches people to cultivate unique skills and think outside the box.
It creates opportunity by developing skills needed to be able to work or to start a
business. These skills are relevant in any field and would also nurture desirable
attributes for being an employee. In fact, having a wide range of business-relevant
skills acquired through studying entrepreneurship would make you an ideal
candidate in most fields. The skills taught in entrepreneur courses generally apply
to all areas of industry and do not destroy creativity or block opportunity to a
specific career. (Constantine, 2017)

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 Importance of Studying Entrepreneurship

1. Entrepreneurship enables the students to develop ideas by learning to

recognize business opportunities, researching, and understanding
other people’s insights.

2. Entrepreneurship develops an interest in business and ventures to it

in the future.

3. Entrepreneurship promotes social equality and justice.

4. It teaches the students how failure makes them more creative and
innovative.

5. It helps them to demonstrate efficiency in real life.

6. It promotes social and emotional well-being.

7. It develops analytical and decision-making skills

8. It develops management and financial skills.

9. It promotes optimism and a positive attitude towards life.

10. It teaches them to DREAM BIG, to take actions to achieve their dreams, and
to make a difference.

Entrepreneurship education develops skills and competencies needed in employment and business. It
provides our learners with real-life skills that enable them to face challenges of life confidently. It also
helps in the values formation and promotion of social responsibility. Thus, the study of
Entrepreneurship supports the development of the total well-being of a person.

Entrepreneurship continues to grow as a means of living for many people. It plays a significant
role in bringing a country and its people towards self-sufficiency. It brings about many benefits not
only to the entrepreneur but also to the community and the country as a whole.

Entrepreneurship also plays a very important role in the society and in the
economy.

Let’s go further, and let’s have the……..

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 Social and Economic Contributions of Entrepreneurship

1. Entrepreneurship creates employment.

2. Entrepreneurship improves the quality of life.

3. Entrepreneurship maximizes the use and mobility of resources for greater

national productivity.

4. Entrepreneurship contributes to a more equitable distribution of income

taxes and therefore eases social unrest.

5. Entrepreneurship brings social benefits through the government.

6. Entrepreneurship creates more entrepreneurship.

What’s More

Write your answers on a separate sheet of paper.

Activity 1.1

A. Complete the following sentences by identifying the missing word.

1. Entrepreneurship is the capacity or willingness to develop, organize, and

manage a business along with any of its risk to make a .

2. is the chance of losing some thing.

3. The biggest of becoming an entrepreneur is the personal

satisfaction.

4. The essence of entrepreneurship is the willingness to assume arising

from the creation and implementation of new ideas.

5. is the one who bears uncertainty, buys labor and

materials, and sells products at uncertain prices.

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 B. Match the statement that explains the given concepts of
entrepreneurship.

1. Profit D. Bears
potential uncertainty

2. Risk bearing C. generates return

A. Involves continuous
search for new ideas or compensation
3. Innovation

4. Economic and B. Creates value and

wealth through the
dynamic activity
utilization of scarce
resources.

Activity 1.2
A. Arrange the jumbled words to create a sensible statement about studying
Entrepreneurship. Don’t forget to use punctuation mark and capital letter on the first
word of your sentence.

effective an entrepreneurship
to life learn skills
education real-life means is

B. True or False

Write TRUE if the statement about the study of Entrepreneurship is correct and FALSE if it is wrong.

1. Entrepreneurship is offered as a degree in colleges and universities.

2. Entrepreneurship is a core subject offered in the senior high school of the
K to 12 Curriculum.
3. The study of entrepreneurship does not promote the total well-being of a
person.
4. Entrepreneurship enables the students to develop ideas by learning
business activities and other related tasks.
5. The skills taught in entrepreneur courses generally apply to all areas of
industry.

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Activity 1.3

A. Refer to the list of advantages of studying Entrepreneurship in your module. Tell the
benefit that agrees with the given statement. (Some items have more than one possible
answers).
Write the number/s only.

1. I know how to manage my time wisely.

2. I know how to deal with people appropriately.
3. I understand other people better.
4. I am aware of business opportunities.
5. I will buy my dream house.
6. I will invest my money instead of putting it in a bank.
7. I want to run my own welding shop.
8. Owning a business gives me the opportunity to help other people.
9. Planning and organizing activities are easy tasks.
10. I believe in myself.

B. Essay
Write an essay on how entrepreneurship education contributes to your development
as a student and as a person. Make your own title.

Activity 1.4

Form a statement about the benefits of entrepreneurship using the jumbled

words inside the box.
Don’t forget to use punctuation mark and capital letter on the first word of your
sentence.

1. self-employment
4. encourages
entrepreneurship
entrepreneurship
creates 3. market
develops technology
entrepreneurship productivity 5. entrepreneurship
possible to goods
2. jobs a use we
for the provides
more of and
others modern services
entrepreneurship enhance daily
provides that
use

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 What I Have Learned
1. Entrepreneurship is
offered in colleges and 4. An is
universities as a someone who creates and runs a
or course. business.

It is an applied track
subject of senior high
5. The study of
school in the Entrepreneurship develops
the total of
2. The Study of Entrepreneurship a person.
develops interests in
and venturing to it in the future. It
develops different skills such as
management skill, financial skill, 6. The following are the social and
technical skill, communication skill, economic contributions of
and many other skills. Entrepreneurship:
A.
B.
3. is the C.
capacity and willingness to D.
develop, organize, and manage a E.
business venture along with any F.
of its risks in order to make a
G.
profit.

What I Can Do

Write your response on a separate sheet of paper.

The development of positive thinking is one of the benefits that we can get in the
study of entrepreneurship. Let’s apply what you have learned.
Direction:
Create a positive self affirmation.
Write a short explanation WHY you chose that affirmation and state how you
are going to achieve what you want.

Memorize the affirmation, recite it five (5) times every day right after waking
up and before going to bed.
Examples of Positive Self Affirmation:
I am amazing. I am successful. I am healthy.

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 Assessment

Write your answers on a separate sheet of paper.

A. Multiple Choice
Choose the letter that corresponds to your choice.

1. The word entrepreneur was derived from the French verb entreprendre,
which means to .
A. make B. undertake C. seek D. manage
2. What is the best explanation for entrepreneurship?
A. An individual engaging in entrepreneurial activity
B. The capacity to run a business
C. The willingness to take risks
D. The ability and willingness to take a risk to develop a business
3. The common reasons given why people choose to become entrepreneurs
include the following, except .
A. to do the work they enjoy
B. to escape from long hours associated with corporate jobs
C. to be their own boss
D. to be able to make friends
4. Which of the following is not considered a risk of being entrepreneur?
A. potential business failure C. long hours and hard work
B. providing value to others D. financial insecurity
5. When entrepreneurs put up a business, they need people to work for them
in order to get things done. What does it suggest?
A. Entrepreneurship involves utilizing utilizes resources .
B. Entrepreneurship creates employment.
C. Entrepreneurship improves quality of life.
D. Entrepreneurship raises standard of living
6. The return or compensation the entrepreneur gets for taking the risk from
organizing and running a business is a .
A. profit B. salary C. allowance D. wage
7. The personal satisfaction the entrepreneur gets from doing his/her own
business includes the following:
1. creating greater wealth 3. doing work he/she enjoys
2. helping the community 4. making his/her own rules
A. 1,2,3 B.1,2,4 C. 1, 3,4 D. 1,2,3,4
8. Ramil’s primary reason for starting his own business is his desire to make
his own schedule. He is looking forward to the as he hopes to have as
an entrepreneur.
A. tax deductions C. advanced technology
B. flexibility and independence D. personal commitment
9. Which of the following is not true about an entrepreneur?
A. Entrepreneur gets to act as his own boss.
B. Entrepreneur is responsible for the success of his business.

16
 C. Entrepreneur has ownership in the business.
D. His income is calculated based on his ability to complete the tasks
assigned to him.
10. Which of the following statements is/are correct about the study of
entrepreneurship?
1. Entrepreneurship develops the skills needed to start a business only.
2. Entrepreneurship develops the skills needed for employment only.
3. Entrepreneurship develops skills needed for employment and in
business.
4. Entrepreneurship courses generally apply to all areas of industry.
A. Only 1 is correct C. 1, & 4 are correct
B. 2 & 4 are correct D. 3 & 4 are correct
11. The following are benefits of entrepreneurship except, .
A. Entrepreneurship cultivates an interest in business and ventures
to it in the future.
B. Entrepreneurship teaches us to be authoritative.
C. Entrepreneurship teaches us how failure makes us more creative
and innovative.
D. Entrepreneurship promotes social and emotional well-being.
12. “I will never give up.” What does the given statement suggest?
A. Entrepreneurship develops analytical and decision-making skills
B. Entrepreneurship develops management and financial skills.
C. Entrepreneurship promotes optimism and a positive attitude
towards life.
D. Entrepreneurship develops an interest in business and ventures to
it in the future.
13. “It is easier for me to budget my allowance in school.”
What can we infer from the given statement?
A. Entrepreneurship develops analytical and decision-making skills
B. Entrepreneurship develops management and financial skills.
C. Entrepreneurship enables the students to develop ideas by
learning to recognize business opportunities.
D. Entrepreneurship teaches the students how failure makes them
more creative and innovative.
14. The following statements are true, except .
A. Having a wide range of business-relevant skills acquired through
studying entrepreneurship would make you an ideal candidate in
limited fields.
B. Entrepreneurship teaches people to cultivate unique skills and
think outside the box.
C. Entrepreneurship creates opportunities by developing skills needed
to start up a business.
D. Entrepreneurship develops desirable attributes for being an
employee.
15. When new products are produced and services are improved, life becomes
easier and comfortable. This suggests that .
A. Entrepreneurship develops a possible market.
B. Entrepreneurship encourages the use of modern technology.
C. Entrepreneurship creates self-employment.
D. Entrepreneurship improves the quality of life.

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 YOUr PoSItive OASIS

Additional Activities

My Dream Board

A. With the resources or materials available to you create a dream board,

showing your dream house, dream car, dream partner, dream vacation,
dream life, etc.

B. Post your dream board on the part of your house where you can see it right
after waking up and before going to bed.

☺ Great you’re done !

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