ATHENS ACADEMY ENTREPRENEURSHIP

MODULE WEEK 1 Grade Level 12

Review/Lesson Preview (10 minutes)

Students: Hello Future Entrepreneurs! I believed you really understand our lesson yesterday and with that,
let’s have a short review. To check if you really understand the previous lesson; let us try some review.

Facilitator: Distribute the activity sheets. Tell the students to write their answers on the space provided.
While students answer the questions, check the attendance. TLAC Technique: Tracking, Not Watching (to be
done by the facilitator) Monitor and circulate if the students are doing their tasks.

Fill in the blanks.

1. Ethics is the study of moral obligation involving the distinction between right and wrong.
2. Ethics refers to the rules about how entrepreneurs ought to behave.
3. Ethical behavior is influenced by the situation, Reward system, individual differences, and other factors.
4. Code of Ethics is a formal document indicating the entrepreneur’s adapted principles of behavior.
5. Advisers are a group of people who provide advice to the entrepreneur and his staff concerning sensitive ethical
issues.
6. Ethical issues confront entrepreneurships which spring from the relationship between sellers and the customers.
7. The dates of manufacture and expiry on labels are intended to Right to safety
8. Preventing sexual harassment in the workplace is one of the responsibilities of the entrepreneur to employee
protection. .
9. The right to be heard is one of the rights that the entrepreneur must support.
10. If a code of ethics is not sufficient, a system of Ethics Review Committees must be instituted.

Multiple Choice. Encircle the letter of your answers

1. An invention must be something new, unique / distinct, useful.
A. Requirements’ of patent
B. Requirements of trademarks
C. Requirements of copyright
D. Requirements of Trade secret

2. Any information (including form allies, patterns, programs, device, techniques, and processes) that a business
possesses and that gives the business an advantage over competitors who do not know the information or
process.
A. Requirements of Patent
B. Definition of trade secret
C. Duration of trademarks
D. How acquired patents

3. By filling a patent application with Patent and Trademark Office and receiving that office’s approval.
A. Requirements of Patent
B. Definition of trade secret
C. Duration of trademarks
D. How acquired patents

4. The author or originator has the exclusive right to reproduce, distribute, display, license, or transfer a copyrighted
work.
A. Requirements of Patent
1
 ATHENS ACADEMY ENTREPRENEURSHIP
MODULE WEEK 1 Grade Level 12

B. Definition of trade secret

C. Duration of trademarks
D. Right of copyright

5. The owner has the right to use the mark of trade dress and to exclude other from using it, The right of use can be
licensed or sold (assigned) to another.
A. A. Requirements of Patent
B. Right of trademark
C. Duration of trademarks
D. Right of copyright

Developmental Activity (15 minutes)

Students: All right! I think you are now ready to discover more of business ideas. Let’s try! Identify the words/terms
being referred to in each of the following item. Make sure to write your own answer first before you proceed to the
next page.
IDENTIFICATION.
1. Sound business idea defined as the economic opportunity which is within the reach of the entrepreneur and
which will provide him with a desirable value.
2. Unanticipated means when the entrepreneur finds business ideas without serious effort.
3. Deliberate search A disadvantage of unanticipated means in idea generation is the difficulty of ascertaining the
exact date when the ideas will come pouring in.
4. Deliberate search It is the proactive way of solving problems.
5. Uses Like the flypaper that can also be used as mousetrap.

Fill the missing words.

*All the bold and underline words to be missing.

Business Type Financed Financing Term

Source Start-Up Firm Existing Firm Short Term Intermediate Long Term
Term
Trade credit Yes Yes Yes No No

Commercial Sometimes, but Yes Frequently Sometimes Seldom

banks only if strong
capital or
collateral exists
Finance Seldom Yes Most frequent Yes Seldom
companies
Factor Seldom Yes Most frequent Seldom No

Leasing Seldom Yes No Most Frequent Occasionally

companies
Mutual savings Seldom Real estate No No Real estate
banks and ventures only ventures
savings-and-
loan

2
 ATHENS ACADEMY ENTREPRENEURSHIP
MODULE WEEK 1 Grade Level 12

associations

Insurance Rarely Yes No No Yes

companies

Guided Practice (15 minutes)

Students: Get a partner, list at least 3 possibilities of a business idea that you might get from each unanticipated
events.

1. the person’s work;

a. snacks to go seller from an office set-up
2. the person’s hobbies;
a. selling handicrafts from a person who enjoys handicrafts making
3. the person’s acquaintances; and
a. a joint venture from two persons who has skills and resources

Students: In each of the following terminologies, define the following words, you may look on your concept notes but
please do not just copy those definitions; you are encouraged to use your own words or define it according to your
understanding. Your answer should be written in the space provided.
Define the following

1. Trade credit
It is the credit given by suppliers who sell goods on account. This credit is reflected on the entrepreneur’s balance sheet as
accounts payable, and in most cases it must be paid in 30 to 90 days.

2. Accounts receivable financing

It is short-term financing that involves either the pledge of receivables as collateral for a loan or the sale of receivables
(factoring). Accounts receivable loans are made by commercial banks, whereas factoring is done primarily by
commercial finance companies and factoring concerns.

3. Factoring

It is the sale of accounts receivable. Under this arrangement, the receivables are sold,
at a discounted value, to a factoring company.

3
 ATHENS ACADEMY ENTREPRENEURSHIP
MODULE WEEK 1 Grade Level 12

4. Finance companies

These are asset-based lender that lends money against assets such as receivables, inventory, and
equipment.

Independent Practice (15 minutes)

Students: Well-done! You are now ready to work on your own. This will be exciting! Choose from the corresponding
letters that matches the items. Write the letter after the item.

A. Importance of Sound Business Ideas B. Unanticipated Means

C. Organizational Culture and Creativity D. Deliberate Search

1. Performance A
2. The persons work B
3. Open Communication C
4. Acquisition cost A
5. The persons hobbies B
6. A climate of participation C
7. Salvage Value A
8. The persons Acquaintances B
9. Uses A
10. Idea prompting D
11. Maintenance Cost A
12. Rewards for creativity C
13. A chance event encountered B
14. Using search questions D
15. Allowance for errors C

4
 ATHENS ACADEMY ENTREPRENEURSHIP
MODULE WEEK 1 Grade Level 12

Closure Activity (15 minutes)

Students: At last! It’s time for closure activity. I know that you are very eager to do this so listen to your facilitator
and cooperate.

1. Summarize what you have learned in Sound Business Ideas. In paragraph form at least 5 sentences. Write your answers inside
the cloud call out.

________________________________________________________
________________________________________________________
________________________________________________________
________________________________________________________

2. Why do we need to have a capital?

Without capital, a business will not have the funds to start or continue.

Enrichment Activity

Students: A loud clap for everybody! Well done! And now, since you are one of the fast and active learner, can you
try the following: Identify these businesses whether if they succeed or not. Write YES if succeed and NO
if not.
Facilitator: TLAC Technique: Stretch It (to be done by the facilitators) Reward the students who finished early by
saying “Very Good.” Collect the activity sheets from the students before the time ends and greet them goodbye.

1. Jollibee - yes
2. McDonald’s - yes
3. Mang Inasal - yes
4. Burger King- yes
5. Chic Boy - yes
6. Prudential Life - yes
7. PHINMA - yes
8. Shell -yes
9. Metrobank - yes
10. BDO - yes

5
 ATHENS ACADEMY ENTREPRENEURSHIP
MODULE WEEK 1 Grade Level 12

Assessment Score: ____________

-------------------------------------------------

ASSESSMENT TOOL:
1. HOW WILL A PRODUCT OR SERVICES OFFERING MAY BE IMPROVED? 5 POINTS
A product can be improved by troubleshooting issues or some flaws it posseses. Or also improving its features,
making it better.

2. What is a Sound Business Idea

A sound business idea may be defined as the economic opportunity which is within the reach of the entrepreneur and
which will provide him with a desirable value.

GIVE ATLEAST 10 SOURCES OF ENTREPRENEURIAL CAPITAL

Trade credit
Commercial banks
Finance Companies
Factor
Leasing Companies
Mutual savings banks
Savings and loans associations
Insurance companies