Applied Entrepreneurship
Second Activity Sheet
HUMSS
Name: Date:
Grade & Block: Contact No.
TEST I
1. Draw a picture of a goods and services that you use.
TEST II
Identify which among the following descriptions refer to entrepreneurs and which refer to
employees. On the blanks, write EN for entrepreneurship and EM for employee.
1. Income is earned whether the business is successful or unsuccessful.
2. He or she is usually comfortable with routines and minimal risks.
3. He or she is fully responsible for serving customers, making the business
profitable/sustainable, and providing employee satisfaction.
4. He/she prepares policies, procedures and memoranda for the business.
5. He/she is fully dependent on the employer’s performance. If the
company does not perform well, he/she is at risk of becoming jobless.
6. He/She is comfortable in doing multiple and challenging tasks and takes
accountability with the risks and profits of the business.
7. Income is generated on working hours only.
8. He/she has a flexible schedule and can take an unlimited number of
vacation days.
9. He/She is taxed on the gross income. Expenses incurred related to the
job such as food and transportation expenses cannot be used to claim
for deductions from taxable income.
10. He/she has the power to disengage nonperforming employees, applying
the due process policy of disengaging personnel.
Applied Entrepreneurship
Second Activity Sheet
HUMSS
Name: Date:
Grade & Block: Contact No.
TEST I
1. Draw a picture of a goods and services that you use.
TEST II
Identify which among the following descriptions refer to entrepreneurs and which refer to
employees. On the blanks, write EN for entrepreneurship and EM for employee.
1. Income is earned whether the business is successful or unsuccessful.
2. He or she is usually comfortable with routines and minimal risks.
3. He or she is fully responsible for serving customers, making the business
profitable/sustainable, and providing employee satisfaction.
4. He/she prepares policies, procedures and memoranda for the business.
5. He/she is fully dependent on the employer’s performance. If the
company does not perform well, he/she is at risk of becoming jobless.
6. He/She is comfortable in doing multiple and challenging tasks and takes
accountability with the risks and profits of the business.
7. Income is generated on working hours only.
8. He/she has a flexible schedule and can take an unlimited number of
vacation days.
9. He/She is taxed on the gross income. Expenses incurred related to the
job such as food and transportation expenses cannot be used to claim
for deductions from taxable income.
10. He/she has the power to disengage nonperforming employees, applying
the due process policy of disengaging personnel.
TEST III TEST III
1. Discuss the relevance of entrepreneurship in general, including its 1. Discuss the relevance of entrepreneurship in general, including its
economic importance. economic importance.

2. Define who is an entrepreneur. 2. Define who is an entrepreneur.

3. Delineate clearly between entrepreneurship and employment. 3. Delineate clearly between entrepreneurship and employment.

4. What are the three businesses that you think you will be most 4. What are the three businesses that you think you will be most
successful at? Why do you say so? successful at? Why do you say so?

__________________ __________________
Parents/Guardian Signature Parents/Guardian Signature