NAME: GRADE & SECTION:

TEACHER’S NAME: CHRISTY E. PARINASAN

Senior High School Department

S.Y. 2021-2022
2nd Semester
ENTREPRENEURSHIP Subject: Entrepreneurship
MIDTERM, Module Number 1, Period Covered: December 6-13, 2021

Subject
Grade Level: Quarter/Term: Date: Week: Module Number:
Classification:
12 APPLIED MIDTERM November 3-12, 2021 13&14 1
Most Essential Learning
Topic/s Content Standard/s: Performance Standards Learning Objectives
Competencies (MELCs)

The learner
The learner
demonstrates At the end of the lesson, the students
demonstrates
understanding of key can:
understanding of key
concepts, underlying
concepts, underlying
principles, and core  describe entrepreneurship;
principles, and core
KEY COMPONENTS Discuss the relevance of the competencies in  explain the key components
competencies in
AND RELEVANCE OF course Entrepreneurship of entrepreneurship; and
Entrepreneurship
ENTREPRENEURSHIP  identify the traits of an
entrepreneur.

Values Integration: Self-esteem and Fortitude

Google Classroom Code: 12G/12P/12I :
12 Stewardship: Reference: https://fnhs.edu.ph/wp-content/uploads/2021/08/Entrep-Module-1-
12 Excellence: SLM.pdf

For more educational resources, you may visit the links below:
NAME: GRADE & SECTION:
TEACHER’S NAME: CHRISTY E. PARINASAN

Subject: Entrepreneurship
MIDTERM, Module Number 1, Period Covered: December 6-13, 2021

TOPIC/S: KEY COMPONENTS AND RELEVANCE OF ENTREPRENEURSHIP c. Maybe

d. I don’t know

4. They are innovators, willing to take risks and generate new ideas to create unique
and potentially profitable solutions to modern-day problems. They are those who
undertake the risk of new enterprises.
PRE-TEST a. Doctors
b. Engineers
Are you excited? Before you begin this module, answer this test to find out what you c. Frontliners
already know about the lesson you are about to take. Encircle the letter of your d. Entrepreneurs
answer.
5. When an entrepreneur does things before being asked, he has
1. The following statements describes entrepreneurship, except one. Which one is it? a. initiative
a. Entrepreneurship involves a continuous search for new ideas. b. persuasion
b. Entrepreneurship is a science of converting ideas into business. c. perseverance
c. Entrepreneurship refers to the concept of developing and managing a business d. self-confidence
venture in order to gain profit by taking several risks in the corporate world.
d. Entrepreneurship is making sure a company is making profit but doesn’t focus on 6. When an entrepreneur introduces innovative solutions to any obstacles and
innovation. problems in the enterprise, he is a
a. planner
2. Entrepreneurship is an execution of ________. b. proactive
a. ideas c. risk-taker
b. insight d. problem-solver
c. instinct
d. intelligence 7. When an entrepreneur convinces customers and financiers to patronize his
business, he has
3. Entrepreneurship happens when a person identifies an opportunity and introduce a. initiative
something new where he can make a profit. b. persuasion
a. True c. Perseverance
b. False d. self-confidence

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NAME: GRADE & SECTION:
TEACHER’S NAME: CHRISTY E. PARINASAN

Subject: Entrepreneurship
MIDTERM, Module Number 1, Period Covered: December 6-13, 2021

8. It is the return or compensation to the entrepreneur for taking on the risk of DISCUSSION
developing an idea into an actual business venture.
a. Profit
b. Sales
c. Market You might think that “entrepreneurs” are born not made. This does not hold true for the
d. Product
simple reason that entrepreneurship is a process of coming up of ideas for a profitable
venture. As a profitable venture, entrepreneurship has a worldwide economic
9. Steve Jobs created a whole new industry for gadgets for music and boosted the
music industry with his invention of the iPod and the downloading of music through contribution. With this, entrepreneurs have huge role in the development of the country.
iTunes. Apple, the company he founded, saw its sales grow by leaps and bounds And so, as you continue with this module, let’s determine first if you possess some of
with these products. This type of entrepreneurial enterprise involve the basic traits needed by an entrepreneur.
a. an existing business and new concept
b. a new concept giving rise to a new business Entrepreneurship It is a science of converting ideas into
c. an existing concept and an existing business business. It is a process of actions of an
d. an existing concept giving rise to a new business entrepreneur who is always in search of
something new to exploit new ideas into
10. Mang Inasal took the country by storm because its founder correctly perceived a gainful opportunities by accepting the
need of people for affordable, quick-served inihaw or grilled chicken Thus, this risk and uncertainty of the enterprise. It
business was founded and flourish, to the extent of offering very real competition to is about execution of ideas.
Jollibee’s popular Chicken Joy. This type of entrepreneurial enterprise involve It refers to the concept of developing and
a. an existing business and new concept managing a business venture in order to
b. a new concept giving rise to a new business gain profit by taking several risks in the
c. an existing concept and an existing business corporate world.
d. an existing concept but giving rise to a new business Entrepreneurial idea It is a specific innovative way to satisfy
want, overcome a problem, or meet a
challenge.

Entrepreneurial opportunity It is defined as a want, problem, or

challenge that can be addressed,
solved, and/or satisfied by an innovative
initiative.

Entrepreneur It is derived from the French verb

enterprendre which means “to
undertake”. They are innovators, willing

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NAME: GRADE & SECTION:
TEACHER’S NAME: CHRISTY E. PARINASAN

Subject: Entrepreneurship
MIDTERM, Module Number 1, Period Covered: December 6-13, 2021

to take risks and generate new ideas to Inasal, which started in the Visayas, took the country by storm
create unique and potentially profitable because its founder, Edgar “Injap” J. Sia, correctly perceived a need
solutions to modern-day problems. They of people for affordable, quick-serve inihaw or grilled chicken. Thus,
are those who “undertake” the risk of this business was founded and flourished, to the extent of offering
new enterprise. very real competition to the Jollibee’s popular Chicken Joy.

Enterprise It is an organization that is engage in 3. An enterprise can involve an existing concept and an
commercial activities – the trade of existing business.
goods or services, or both, with
consumers. Its goal basically, is to earn An entrepreneur can have a laundry business. Dean of Clean, for
profit. Profit is the return or example, had three branches in Metro Manila, mostly in the center
compensation to the entrepreneur for and south areas of the metropolis. The son of the owner, while still
taking on the risk of developing an idea in college, was permitted by his parents to set up a fourth branch in
into an actual business venture. It is Quezon City. Although the new store was built on an existing
created by an entrepreneur and the business – it is still a laundry shop, it required the young
process of its creation is called entrepreneur to take some personal, family, and financial risks. The
entrepreneurship. setting up of branches or franchises can be considered an example
of this type of enterprise.

Thus, in summary, an entrepreneurial enterprise can involve:

TYPES OF ENTERPRISES ACCORDING TO CONCEPT: a. New concepts and/or a new business
b. Existing concept and/or new business
1. An enterprise can involve a new concept. c. Existing concept/existing business
This usually means creating or stumbling on a new idea or concept, The Traits/Qualities of an Entrepreneur:
and creating or inventing something radically new. The inventor
then builds a new business around this product. An example of a a. Initiative does things before being asked
keen innovator who had the uncanny knack of creating new b. Proactive identifies and utilizes opportunities
products that captured people’s imaginations and convinced that
they needed these products is the genius maverick Steve Jobs. c. Perseverance works against all odds to overcome obstacles and is never
complacent with success
2. An enterprise can be built on an existing concept, but giving
d. Problem-solver introduces innovative solutions to any obstacles and
rise to a new business.
problems in the enterprise
e. Persuasion convinces customers an financiers to patronize his
This usually means creating a new business based on the existing
business
concept. An example of this is Mang Inasal. It offers chicken in a
f. Self-confidence makes decisions and sticks to his decisions
new light: grilled chicken as fast food. With this new concept, Mang

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NAME: GRADE & SECTION:
TEACHER’S NAME: CHRISTY E. PARINASAN

Subject: Entrepreneurship
MIDTERM, Module Number 1, Period Covered: December 6-13, 2021

■ Entrepreneurship results in the creation of organizations when entrepreneurs

g. Self-critical learns from his mistakes and from experiences of others assemble and coordinate physical, human and financial resources and direct them
towards achievement of objectives through managerial skills.
h. A planner collects information, prepares a plan, and monitors
performance c) Improving standard of living
i. Risk-taker willing to take calculated risks ■ Entrepreneurship helps in making a wide variety of goods abd services available to
the society which results into higher standard of living for the people. Possessions of
j. Creativity the ability to come up with clever, workable solutions luxury cars, computers, mobile phones, rapid growth of shopping malls, etc. Point tp
the rising living standrd of people. All these are due to the efforts of entrepreneurs.
k. Business like Possessing the knowledge of your chosen business and
Attitude having the savvy to conduct business. d) Means of economic development.
■ Entrepreneurship involves creation and use of innovative ideas, maximization of
l. Confidence Having a firm belief in your own capabilities and your output from given resources, and development of managerial skills. All these factors
chances of success. are essential to the development of a country.
m. Relation Skills The ability to get along with others, to inspire cooperation,
confidence and loyalty
n. Communication The ability to express yourself and to understand others
Skills so that ideas can be shared.

o. Ability to Make the talents to analyze complex situations and draw

Decisions conclusions that will make the business succeed

Relevance of Entrepreneurship

a) Development of managerial capabilities

■ Entrepreneurship helps in identifying and developing managerial capabilities of
entrepreneurs.
■ Studying a problem, identifying its alternatives, comparing alternative in terms of
cost and benefit implication and choosing the best alternative help in sharpening the
decision making skills of an entrepreneur.
■ Besides, these managerial capabilities are used by entrepreneurs in creating new
technologies and products in place of older technologies and products resulting in
higher performance.

b) Creation of organizations

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NAME: GRADE & SECTION:
TEACHER’S NAME: CHRISTY E. PARINASAN

Subject: Entrepreneurship
MIDTERM, Module Number 1, Period Covered: December 6-13, 2021

ACTIVITY 1:

NOTE: Write your answers at the last portion of this module.

Now, let’s practice what you have learned from the key components and relevance of
entrepreneurship.

Instruction: Answer the following questions below. Write your answer at the last
portion of this module.

1. Describe entrepreneurship. .Entrepreneurship is a reality that has already become a buzzword in the lives of most
Filipinos. Entrepreneurs, who are the founders and builders of enterprises and
2. What are the three (3) types of entrepreneurial enterprise? businesses, are often called the new heroes, who with their vision and hard work, and
with their efforts to provided jobs and opportunities to many people, hope to move the
3. Describe an entrepreneur. country towards progress. Entrepreneurship has been hailed as one of the tools to fight
poverty. The entrepreneurial spirit has been calledd the flame or rive that inspires
4. What are the entrepreneurial traits? Discuss its importance to the success of the people to start new endeavors and projects, to innovate, and to strive against obstacles
business venture. in order to achieve success.

5. What are the relevance of entrepreneurship? Discuss how important it is in the Let us remember that Entrepreneurship is a process of actions of an
country. entrepreneur who is always in search of something new to exploit new ideas
into gainful opportunities by accepting the risk and uncertainty of the enterprise.

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NAME: GRADE & SECTION:
TEACHER’S NAME: CHRISTY E. PARINASAN

Senior High School Department

S.Y. 2021-2022
2nd Semester
ENTREPRENEURSHIP Subject: Entrepreneurship
MIDTERM, Module Number 1, Period Covered: December 6-13, 2021

Key components and relevance of Entrepreneurship

Quiz #1 9. Entrepreneurship helps in making a wide variety of goods and services available to
Instruction: Fill the space with word(s) to complete your learning for this module. the society which results into higher________________for the people.

1. Entrepreneurship is a science of converting ________________into business. 10. Entrepreneurship involves creation and use of innovative ideas, maximization of
output from given resources, and development of managerial skills. All these factors
2. Entrepreneurship is a process of actions of an ________________ who is always in are essential to the ________________ development of a country.
search of something new to exploit new ideas into gainful opportunities by accepting
the risk and uncertainty of the enterprise. Quiz #2:

3-6.Entrepreneur derived from the French verb enterprendre which means “to Answer the following questions to the best of your knowledge.
________________”. They are innovators, willing to take _______ and generate new
________________ to create ________________ and potentially profitable solutions “In the midst of the current COVID-19 pandemic, global markets are severely disrupted.
to modern-day problems. Businesses are forced to explore innovative solutions to overcome the growing
7. Entrepreneurship helps in identifying and developing ________________ negative implications of this unprecedented crisis.”
capabilities of entrepreneurs.
Questions:
8. Entrepreneurship results in the creation of ________________ when entrepreneurs
assemble and coordinate physical, human and financial resources and direct them 1. If you are an entrepreneur during this time of pandemic, what are the practical ways
towards achievement of objectives through managerial skills. you need to do to help prevent the severely disrupted global market which affect the
economic development of the country?
NAME: GRADE & SECTION:
TEACHER’S NAME: CHRISTY E. PARINASAN

Subject: Entrepreneurship
MIDTERM, Module Number 1, Period Covered: December 6-13, 2021

___________________________________________________________________ Activity 3 “My Observation towards Business Enterprises within the Vicinity”
___________________________________________________________________
___________________________________________________________________ Instruction: By talking to your parents or anybody from your home, or by looking at
___________________________________________________________________ the business establishments around you, or by reading the newspapers and Internet
___________________________________________________________________ and watching television, you have gained some knowledge about business
_____________________________________________ enterprises. Give an example for each type of entrepreneurial enterprise, according
to concepts:
2. What steps can you take to mitigate the impacts of the pandemic to the business
industry? 1. Type 1: New concept and/or new business
a. Name of business:
___________________________________________________________________ ___________________________________________________________
___________________________________________________________________ b. New Product:
___________________________________________________________________ ________________________________________________________________
___________________________________________________________________ c. Type of Product: ________________Good ___________________Service
___________________________________________________________________
___________________________________________________________________ 2. Type 2: Existing concept and/or new business
a. Name of business:
___________________________________________________________
Activity 2 “If Given a Chance” b. New Product:
Instruction: If you have a chance to start a business this pandemic time, what are top ________________________________________________________________
three (3) businesses you would be interested to get into? What comes to your mind
c. Type of Product: ________________Good ___________________Service
why you are interested to these businesses? Write your answer on the space
provided for you.
d. What’s new in the business: _______________________________________
___________________________________________________________________
___________________________________________________________________
3. Type 3: Existing concept and existing business
___________________________________________________________________
___________________________________________________________________ a. Name of business:
____________________________________________________________
___________________________________________________________________
___________________________________________________________________ b. New Product:
___________________________________________________________________ ________________________________________________________________
___________________________________________________________________ c. Type of Product: ________________Good ___________________Service
___________________________________________________________________
___________________________________________________________________ d. What’s new in the business: __________________________________________
___________________________________________________________________
___________________________________________________________________

Page | 8
NAME: GRADE & SECTION:
TEACHER’S NAME: CHRISTY E. PARINASAN

Subject: Entrepreneurship
MIDTERM, Module Number 1, Period Covered: December 6-13, 2021

Activity 4 “My Inspiration”

Instruction: Find some of the successful Filipino entrepreneurs from the Internet and
choose at least one whom you were inspired by his/her success stories, you can also WRITE YOUR ANSWERS HERE:
choose any entrepreneurs near your place whom you know. Find out how this
entrepreneur come up with his venture and what made him to succeed.

Cite lessons learned from his stories of success and what you want to emulate from
his entrepreneurial traits. Write your answer on the space provided PRE-TEST (refer to pages 2-3)
Write the letter only.
Entrepreneur’s Name:
1.
Name of the Business:
2.
Business Success Story
3.

4.

5.
How this entrepreneur come up with
his venture 6.

7.
What made this entrepreneur to
succeed? 8.

9.
Traits I want to emulate from this
entrepreneur 10.

Lessons I learned from this

entrepreneur’s success story

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NAME: GRADE & SECTION:
TEACHER’S NAME: CHRISTY E. PARINASAN

Subject: Entrepreneurship
MIDTERM, Module Number 1, Period Covered: December 6-13, 2021

___________________________________________________________________
DEVELOPMENTAL ACTIVITY __________________________________________________________.

ACTIVITY 1:

Instruction: Answer the following questions below. Write your answer on the space
provided.

1.
___________________________________________________________________
___________________________________________________________________
___________________________________________________________________
__________________________________________________________.

2.
___________________________________________________________________
___________________________________________________________________
___________________________________________________________________
__________________________________________________________.

3.
___________________________________________________________________
___________________________________________________________________
___________________________________________________________________
__________________________________________________________.

4.
___________________________________________________________________
___________________________________________________________________
___________________________________________________________________
__________________________________________________________.

5.
___________________________________________________________________
___________________________________________________________________

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