Republic of the Philippines

Department of Education
REGION XI – DAVAO CITY
SCHOOLS DIVISION OF DAVAO CITY
CLUSTER IV SECONDARY AND INTEGRATED SCHOOLS

ENTREPRENEURSHIP
Week 1 – 2

NAME: ___________________________________SCORE: ____ EQUIVALENT: ____

Teacher: __________________________________Date Submitted: _______________

Learning Competency : Discuss the relevance of the course and explore job opportunities for
entrepreneurship as a career.
Activity Title :Definition of Entrepreneurship and Entrepreneur
Learning Target :Increase knowledge about entrepreneurship, and determine the
relevance of Entrepreneurship to everyday life and to the society as a
whole.
Materials: Paper, Ballpen

Concept Note:
Entrepreneurship has been defined as the act of creating a business or businesses while
building and scaling it to generate profit. It is also an important driver of economic growth and
innovation. Entrepreneurship is one of the resources economists categorize as integral to
production; the three resources are land/natural resources, labor and capital. (wwww.
investopedia.com)
An entrepreneur is a person who sets up a business with the aim to make a profit and
creates a new business, bearing most of the risks and enjoying most of the rewards. An
entrepreneur combines these three to manufacture goods or provide services, They typically
create a business plan, hire labor, acquire resources and financing, and provide leadership and
management for the business. An entrepreneur is an innovator, a source of new ideas, good ,
services, and business/ or procedures.
An enterprise is created by an entrepreneur. The process of creation is called
“entrepreneurship” (www.yourarticlelibrary.com)
Studying entrepreneurship benefits students and learners from different social
economic backgrounds because it teaches people to cultivate unique skills and think outside
the box. Moreover, it creates opportunity, instills confidence, ensures social justice and
stimulates the economy.
Importance of Entrepreneurship (www.reference.com)
⮚ Entrepreneurship generates new wealth in an economy.
⮚ Entrepreneurship decreases poverty.
⮚ It creates opportunities, ensures social justice, instills confidence and stimulates
the economy.
⮚ Entrepreneurship improves productivity.
⮚ Entrepreneurs create jobs.
⮚ Entrepreneurs innovate.
⮚ Entrepreneurs create innovation and social change.
⮚ Entrepreneurs give to society.

Relevance of Entrepreneurship to SHS Students (www.europeanenterpreneurship.com)

⮚ To prepare students for livelihood even before college.
⮚ Entrepreneurship education aids students from all socioeconomic backgrounds
to think outside the box and nurture unconventional talents and skills.
⮚ Entrepreneurship develops their initiative and helps them to be more creative
and self-confident in whatever they undertake and to act in a socially responsible
way.
⮚ It exposes students to numerous opportunities to learn how to think critically
and analyze the pieces on the board.
 Republic of the Philippines
Department of Education
REGION XI – DAVAO CITY
SCHOOLS DIVISION OF DAVAO CITY
CLUSTER IV SECONDARY AND INTEGRATED SCHOOLS

Career Opportunities for Entrepreneurship Graduates

⮚ Mid-level Management
⮚ Business Consultant
⮚ Sales
⮚ Research and development
⮚ Not-for-profit fundraiser
⮚ Teacher
⮚ Recruiter
⮚ Business reporter

ACTIVITY 1 Qualities of Entrepreneurs : A Self- Assessment

Find out if you are the sort of person that could set up and operate a business. Check YES if the
statement applies to you and check NO if it doesn’t.
No. YES NO
1. I think that a routine patterns of life with
regular working hours suits me best.
2. I have always thought and acted by
myself.
3. Sometimes I think I seem to achieve
nothing.
4. It is not good to start something unless
you are going to finish it.
5. I am much happier when I do not have to
rely on other people.
6. I often feel that I am the victom of events
that I cannot control.
7. In any bad situation I always get
something good from it.
8. It is very important to me that people
recognize my success.
9. I am not too ambitious so that I can avoid
being disappointed.
10. I am prepared to take risks only after I
have thought about all of the possible
consequences.

Interpretation:
If you have more Yes than No, you have the making of an entrepreneur.

ACTIVITY 2
Identification. Read carefully the statements below and identify whether this refers to
Entrepreneurship or Entrepreneur. Write your answer in a yellow paper.
1. A person who undertakes the risk of starting a new business venture.
2. It is high-risk, but also can be high – reward as it serves to generate economic wealth,
growth, and innovation.
3. Creates a firm, which aggregates capital and labor in order to produce goods or services
for profit.
4. It is an important driver of economic growth and innovation.
5. Creates a business plan, hire labor, acquire, resources and financing, and provide
leadership and management for the business.
 Republic of the Philippines
Department of Education
REGION XI – DAVAO CITY
SCHOOLS DIVISION OF DAVAO CITY
CLUSTER IV SECONDARY AND INTEGRATED SCHOOLS

ACTIVITY 3
Definition of Terms: Please read carefully the definitions in column A and match it with the
word/phrase in column B. Write your answer in a yellow paper.
Column A Column B

1. It involves developing new products or A. Livelihood

improving existing technologies,
processes, designs and marketing to
solve problems, increase efficiency ,
reach new customers, and ultimately
increase profits.
2. Involves sale or lease of any product, B. Entrepreneurship
service, equipment, etc. that will
enable the purchaser –licensee to
begin a business.
3. Refers to the act of creating a business C. Social Change
or business while building and scaling it
to generate a profit.
4. Refers to their “means of securing the D. Socioeconomic
basic necessities (food, water, shelter,
and clothing) of life”,
5. The system of production, distribution E. Business Opportunity
and consumption. The overall measure
of a currency system; as the national
economy.
6. Is a person who sets up a business with F. Business Venture
the aim to make a profit.
7. Refers to any significant alteration over G. Relevance
time in behavior patterns and cultural
values and norms.
8. Related to the differences between H. Business Innovation
groups of people caused mainly by
their financial situation.
9. It is a new business that is formed with I. Entrepreneur
a plan and expectation that financial
gain will follow. It is usually formed out
of a need for a service or product that
is lacking in the market.
10. It is simply the noun form of the J. Economy
adjective “relevant” which means
important to the matter at hand”

LET’S HAVE FUN!

 Republic of the Philippines
Department of Education
REGION XI – DAVAO CITY
SCHOOLS DIVISION OF DAVAO CITY
CLUSTER IV SECONDARY AND INTEGRATED SCHOOLS

Independent Activity 1. Picture Analysis. Analyze the picture below then answer the
corresponding guide questions. Write your answer in a yellow paper.

https: //images.search.yahoo.com
Guide Question: What appropriate product and / or business that can be conceptualized
during this COVID – 19 pandemic? Write as many in bullet form in a yellow paper.

Independent Activity 2. Enumeration. Give what is asked in the items below. Write your
answer in a yellow paper.
Items Answer
A.
1. Give the three (3) business resources B.
C.
A.
2. Give three (3) importance of B.
Entrepreneurship to the economy. C.
A.
3. Give three (3) relevance of B.
Entrepreneurship to you as a student C.
A.
4. Give three (3) known families who owned B.
the big Corporations in the Philippines. C.
A.
5. Give three (3) characteristics of an B.
entrepreneur. C.

Independent Activity 3. Identify the entrepreneurs who founded the following companies:
(2 points each)

1. _________________________________
 Republic of the Philippines
Department of Education
REGION XI – DAVAO CITY
SCHOOLS DIVISION OF DAVAO CITY
CLUSTER IV SECONDARY AND INTEGRATED SCHOOLS

2. _________________________________

3. _________________________________

4. _________________________________

5. _________________________________

6. _________________________________

7. _________________________________

8. _________________________________

9. _________________________________

10. _________________________________

Independent Activity 4. Multiple Choice : Read and answer each statement carefully then
write the letter of the best answer on a separate sheet of paper.
1. Who acts as a coordinating agent in a capitalist economy?
A. Manager C. Entrepreneur
B. Finance Officer D. Broker
2. Which of the following is not a definition of Entrepreneurship?
 Republic of the Philippines
Department of Education
REGION XI – DAVAO CITY
SCHOOLS DIVISION OF DAVAO CITY
CLUSTER IV SECONDARY AND INTEGRATED SCHOOLS

A. It creates opportunities, ensures social justice, instills confidence and

stimulates the economy.
B. It is an important part of the economic growth strategies of many local and
national governments around the world.
C. Refers to a person who sets up a business with the aim to make a profit.
D. The act of creating a business or businesses while building and scaling it to
generate a profit.
3. Which of the following is a relevance of Entrepreneurship to SHS students?
A. It generates new wealth in an economy.
B. It aids students from all socioeconomic backgrounds to think outside the box.
C. It creates opportunities and ensures social justice.
D. It creates job.
4. Which statement is not correct about the status of entrepreneurship in the Philippines?
A. The number of business establishments formed every year would generally
show an increasing trend.
B. N-entrepreneurs are people who can secure resources such as technology
and information to gain distinct, sustainable, competitive advantages.
C. In 2005, the top 50 Philippine Corporations in terms of sales could be broken
down into 25 private domestic firms, 20 foreign firms, and 5 government –
owned and / or controlled corporations.
D. The 22 companies could be identified with 11 families and individuals,
mostly Filipinos of Chinese ethnic background.
5. Which of the following words is not associated with entrepreneur?
A. Innovative C. collaborative
B. Impulsive D. Creative

Additional Activities:
DIRECTIONS: In the table below, write down at least five (5) sentences why you want to
become an Entrepreneur someday.
The following motivates me to become an entrepreneur someday:
1.
2.
3.
4.
5.

References
De Guzman, Angeles A. (2018) Entrepreneurship for SHS, Applied Subject, ABM Strand
www.googleimages.com; www.googlesearch.com; www.yahoosearch.com
DepEd-Davao City.

Answer Key:
Identification
1. Entrepreneur
2. Entrepreneurship
3. Entrepreneur
4. Entrepreneurship
5. Entrepreneur

Definition of Terms
 Republic of the Philippines
Department of Education
REGION XI – DAVAO CITY
SCHOOLS DIVISION OF DAVAO CITY
CLUSTER IV SECONDARY AND INTEGRATED SCHOOLS

1. H
2. E
3. B
4. A
5. J
6. I
7. C
8. D
9. F
10. G

Independent Activity 1. Picture Analysis

1. Delivery Services like grab food
2. Online Selling of food products and hygiene products like soap, etc.
3. To make fashionable face masks
4. E-loading services
5. Events hosting using app like zoom

Independent Activity 2. Enumeration.

Items Answer
1. Give the three (3) business A.Land
resources B. Labor
C.Capital
A. Entrepreneurship generates new wealth in
an economy.
B. Entrepreneurship decreases poverty.
C.It creates opportunities, ensures social
justice, instills confidence and stimulates the
economy.
D. Entrepreneurship improves productivity.
E. Entrepreneurs create jobs.
F. Entrepreneurs innovate.
G. Entrepreneurs create innovation and social
2. Give three (3) importance of change.
Entrepreneurship to the economy. H. Entrepreneurs give to society.
3. Give three (3) relevance of A. To prepare students for livelihood even
Entrepreneurship to you as a student before college.
B.Entrepreneurship education aids students
from all socioeconomic backgrounds to think
outside the box and nurture unconventional
talents and skills.
C.Entrepreneurship develops their initiative
and helps them to be more creative and self –
confident in whatever they undertake and to
act in a socially responsible way.
D.It exposes students to numerous
opportunities to learn how to think critically
and analyze the pieces on the board.
E. Being aware of all the important factors and
seeing how they affect each other is the
foundation of a smart decision-making
process.
F. Students have to be exposed to real-world
 Republic of the Philippines
Department of Education
REGION XI – DAVAO CITY
SCHOOLS DIVISION OF DAVAO CITY
CLUSTER IV SECONDARY AND INTEGRATED SCHOOLS

examples and learn from their own

experience.
G.Entrepreneurship education requires
students to be innovative, creative and
collaborative with others.
H. Entrepreneruship education provides
budding entrepreneurs with the skills and
knowledge to come up with business ideas
and develop their own ventures.
A. Zobel family (Ayala)
B.the Lopez clan, Lucio Tan, Henry Sy, George
Ty (MBTC)
4. Give three (3) known families who owned C. Mariano Que (Mercury drug) , Tony Tan-
the big Corporations in the Philippines. Caktiong (Jollibee).
A.Innovative, Resourceful
5.Give three (3) characteristics of an B.Creative, Hardworking
entrepreneur. C.Critical Thi ker, Risk Taker, etc.

Assessment
1. C
2. C
3. A
4. C
5. B

Additional Activities
1. To gain profit and earn a living.
2. To fulfill my dream to become an entrepreneur.
3. To enhance my entrepreneurial skills.
4. To help the economy grow.
5. To provide employment for the Filipinos.
6. To increase supply of products and services.
7. To create social change.
8. To improve the quality of goods and services.
9. To improve the quality of life.
10. To prevent monopoly.

Prepared by:

CRISTINA O. SINDINGAN
F. Bustamante National High School