NAME:__________________________________________

12
GRADE/SECTION:______________________________

BUSINESS ETHICS 0
AND SOCIAL RESPONSIBILITY
Quarter IV – Week 4
Importance of Establishing
and Sustaining a Business Enterprise

CONTEXTUALIZED LEARNING ACTIVITY SHEETS

SCHOOLS DIVISION OF PUERTO PRINCESA CITY
Business Ethics and Social Responsibility – Grade 12
Contextualized Learning Activity Sheets (CLAS)
Quarter IV - Week 4: Importance of Establishing and Sustaining a Business
Enterprise
First Edition, 2020

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Published by the Schools Division of Puerto Princesa City

Development Team of the Contextualized Learning Activity Sheets

Writer: Alvin R. Lumaban, MBA

Content Editors: Marie Vic C. Velasco, Annielyn Lagan

Language Editor: Amie Tabi

Proofreaders: Rochelle Q. Cansino, Wilma N. Berdejo

Reviewers: Marie Vic C. Velasco, PhD, Haydee C. Hitosis, Evelyn C. Silvestre,

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Layout Artist: Joseph D. Aurello

Management Team:
Servillano A. Arzaga CESO V, SDS
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Sta. Monica Heights, Brgy. Sta. Monica, Puerto Princesa City
Telephone No.: (048) 434 9438
Email Address: puertoprincesa@deped.gov.ph
 Lesson 1
Importance of Establishing and Sustaining
a Business Enterprise
MELC: Explain the importance of establishing and sustaining business enterprise as
a source of job opportunities and financial freedom.
(ABM_ESR12-IVm-p-4.1)
Objectives: 1. Define business enterprise.
2. Enumerate the importance of establishing and sustaining business
enterprise.
3. Discuss the importance of establishing and sustaining business
enterprise.

Let’s Try
Directions: Read the questions carefully and circle the letter of the correct answer.

1. What do you call a favorable opportunity to a the position of employment in

establishing and sustaining a business enterprise?
A. Job
B. Finances
C. Job opportunity
D. Financial freedom

2. What ideas apply by living within the resources of the guidelines in achieving
financial freedom?
A. Spend based on the profit received.
B. The resources are needed to live in this word.
C. The person lives in this reality because of the resources that we have.
D. An individual must keep its resources because it is the source of life.

3. What would happen if there is an absence of setting up an emergency fund in

establishing the way for financial freedom?
A. Unavailability of funds for personal use.
B. More funds can be used to finance personal wants.
C. There will be no source of funds for an urgent situation.
D. Additional funds will be used to increase other accounts.

4. What is the best statement that apply to job opportunity as the product of
establishing and sustaining a business enterprise?
A. It is the privilege to explore the overall operation of the business
enterprise.
B. It is a chance to be employed and receive proper compensation.
C. An individual has a chance to volunteer his/her services to the business
enterprise.
D. It is a change to receive a compensation as part of social responsibility of
the business enterprise.

1
5. What will be the effects of financial freedom in establishing and sustaining
business enterprise based on the given choices?
A. An employee has enough income to support his/her expenses.
B. The business enterprise respected the environment where it is located.
C. It gives job opportunities to the individual who is qualified for the position.
D. The customer has sufficient revenue to sustain his/her needs to patronize
the business enterprise.

6. What do you call a profession or an occupation?

A. Job
B. Freedom
C. Job Opportunity
D. Financial Freedom

7. What type of job opportunity has normal activity and works 8 hours a day with
regular benefits and privileges?
A. Casual item
B. Regular position
C. Full-time job opportunity
D. Part-time job opportunity

8. What is an example of a part-time job opportunity?

A. An employee that works on its vacant time.
B. An employee works for at least 40 hours a week.
C. Hetty works in an accounting firm for the whole day..
D. Ronald works three hours a day at the local fast-food chain.

9. Which statement supports the financial freedom of establishing and sustaining

a business enterprise?
A. It is about having outstanding enough earnings for all the expenses.
B. It is a person or company having substantial financial resources.
C. It is a person that has extravagant possessions and especially material
wealth.
D. It is obtaining an abundant amount of money received in the business.

10. What guideline in assisting achieve financial freedom involves paying all the
liability?
A. Setting a financial goal
B. Living within the resources
C. Starting in the current position
D. Establishing the way for financial freedom

2
 Let’s Explore and Discover

What job opportunity do you prepare for? a full-time or

Unlocking
part-time? job opportunity? Canhaving an the abundant
of Difficulties
amount of money be considered financial freedom?
Job opportunity
is a favorable I started my work in a local micro-finance
chance to have the institution as a part-time employee a few years ago.
position of But now, I am a full-time employee.
employment and
receive
remuneration for At the time I started
performing an working, I have enough
activity. money to cover my
Financial freedom expenses and having
is having enough valuable time.
earnings for all
expenses.
Business
enterprise
is an activity that
provides goods or
services that
involve financial,
commercial, and
industrial aspects.

One of the products of establishing and sustaining business enterprises is the

creation of job opportunities for the communities. Providing the work to the
people in the society can result in financial freedom.

The business enterprise is a source of job opportunities.

Establishing and sustaining an enterprise involve different activities. Through these

various activities, it needs somebody who has the skills and capacity for it to be
accomplished. Thus, providing job opportunities.

• Full-time job opportunity: It is an employment wherein a person does a

a regular activity or task for a minimum number of hours work as defined
by their employer.

• Part-time job opportunity: it is a form of employment that carries fewer

hours of work. Employees mostly work on shifts or in their vacant time.

3
The business enterprise is a source of financial freedom.

Establishing and sustaining an enterprise will create job opportunities for qualified
individuals to perform an activity. These individuals will receive enough
compensation for a given task.

Guidelines to Help Achieve Financial Freedom:

1. Start in the current position: Acquiring financial freedom begins in the

present situation and start planning on how to achieve financial freedom.

2. Living within the resources: Spending must not exceed more than the
earnings received.

3. Setting a financial goal: Develop goals for personal and for monetary. Set
where you will be after 10 to 15 years from now.

4. Establishing the way for financial freedom: In setting the path, it is

essential to clear the road and gather the necessary items.

a. Setting up an emergency fund

b. Paying down the debt
c. Boosting the income
d. Saving for retirement
e. Investing the money

5. Think twice about making a financial decision: Make sure to conduct a

study and think some amount to see if the price is affordable.

Importance of Establishing & Sustaining Business Enterprise as a source of

Job opportunities & Financial Freedom.

Let us state the importance of establishing and sustaining a business enterprise.

When the business is created, the following occurs in a domino effect:

• Investors invest in the product, which the people demand: Upon

investment, there is a need for more products and to keep up with the
demands, and there is a need to hire more people for the enterprise.

• Commerce and economic integration: New enterprises can export goods or

services to nearby economies. That can contribute directly to the productivity
and earnings of the economy. Having this type of production and rise in
services can promote jobs considering that businesses involve more people.

• New technologies are created and utilized: In the height of progress in

some businesses, technology always earns its place. The enterprise needs
modernization for the effective production and efficiency of labor. More skilled
and knowledgeable workers from the field are necessary to sustain the
demands of technology.

4
 Let’s Practice

Directions: Read the sentences carefully. Identify what is

ACTIVITY 1
being referred to in each sentence, and choose the answer
from the word pool. Write your answer on the space provided.

Current position Full-time job Job opportunity

Financial freedom Job Part-time job

_______ 1. It is a paid position of employment with specific duty, role, or function.

_______ 2. It is a type of work which requires a person to do a regular activity or
task for a minimum number of hours work as defined by their
employer.

_______ 3.This is a favorable chance to have the position of employment and

received remuneration for performing an activity.

_______ 4. It is about having outstanding enough earnings for all the expenses.
_______ 5. It is a form of employment that carries fewer hours of work.

ACTIVITY 2 Directions: Read and analyze the statements below.

Determine whether the statement is TRUE OR FALSE write
your answer on the space provided..

______ 1.Financial freedom is about having an abundant amount of money.

______ 2. Job opportunity is about giving a chance to an unqualified individual to
take the position because of nepotism.
______ 3.The individual that is rich in friends indicates financial freedom.
______ 4.The form of employment that has several hours of work compared to
standard working hours and have lesser benefit is considered part-time
job.

______ 5.Work with consistent activity and with a fixed number of hours work is
a full-time job.

5
 Let’s Do More
ACTIVITY 1 Directions: Read and analyze the statements below.
Determine whether the statement is CORRECT or
INCORRECT write your answer on the space provided.

_______ 1. Borrowing money is the start of acquiring financial freedom.

_______ 2.The important step in getting out of a financial rut is NOT to make a
budget and stick to it.

_______ 3. It is NOT necessary to develop goals for personal and monetary gains.

_______ 4. Eliminate Non-Essential Spending is one step in financial freedom.

_______ 5.Find Cost-Effective Alternatives for Other Expenses is a good way for
financial freedom.

ACTIVITY 2 Directions: Write FT if the statement is about a

FULL-TIME JOB; PT if the statement is about a
PART-TIME JOB.

_______ 1.A boy working 3 hours a day in a fast food chain in Puerto Princesa
after school.

_______ 2. Nena works in a small restaurant in Brgy. San Jose as a waitress every
time they need an additional worker.

_______ 3. Robin is working as a freelance model in his spare time for 16 years in
different modeling agencies.

_______ 4.Dave works as a utility of a small company in Puerto Princesa, and he

works eight hours a day and receives full compensation benefits as an
employee.

_______ 5. Marvin is a known head of a local restaurant in Puerto Princesa, and

he works from eight in the morning and ends at five in the afternoon.
He has all the benefits required by the law as an employee.

6
 Let’s Sum It Up

Directions Choose from the box the correct answer to each

statement. Write the letter that represents your answer in
the space provided before the sentence.

P = Part-time job opportunity

F = Full-time job opportunity

______ It is a form of employment that carries fewer hours of work. Employees

mostly work on shifts or in their vacant time.

______ It describes as doing a regular activity or task for a minimum number

of hours of work as defined by their employer.

Let’s Assess
Directions: Read the questions carefully and circle the letter of the correct answer.

1. What do you call a favorable opportunity to a the position of employment in

establishing and sustaining a business enterprise?
A. Job
B. Finances
C. Job opportunity
D. Financial freedom

2. What ideas apply by living within the resources of the guidelines in achieving
financial freedom?
A. Spend based on the profit received.
B. The resources are needed to live in this word.
C. The person lives in this reality because of the resources that we have.
D. An individual must keep its resources because it is the source of life.

3. What would happen if there is an absence of setting up an emergency fund in

establishing the way for financial freedom?
A. Unavailability of funds for personal use.
B. More funds can be used to finance personal wants.
C. There will be no source of funds for an urgent situation.
D. Additional funds will be used to increase other accounts.

7
4. What is the best statement that apply to job opportunity as the product of
establishing and sustaining a business enterprise?
A. It is the privilege to explore the overall operation of the business
enterprise.
B. It is a chance to be employed and receive proper compensation.
C. An individual has a chance to volunteer his/her services to the business
enterprise.
D. It is a change to receive a compensation as part of social responsibility of
the business enterprise.

5. What will be the effects of financial freedom in establishing and sustaining

business enterprise based on the given choices?
A. An employee has enough income to support his/her expenses.
B. The business enterprise respected the environment where it is located.
C. It gives job opportunities to the individual who is qualified for the position.
D. The customer has sufficient revenue to sustain his/her needs to patronize
the business enterprise.

6. What do you call a profession or an occupation?

A. Job
B. Freedom
C. Job Opportunity
D. Financial Freedom

7. What type of job opportunity has normal activity and works 8 hours a day with
regular benefits and privileges?
A. Casual item
B. Regular position
C. Full-time job opportunity
D. Part-time job opportunity

8. What is an example of a part-time job opportunity?

A. An employee that works on its vacant time.
B. An employee works for at least 40 hours a week.
C. Hetty works in an accounting firm for the whole day..
D. Ronald works three hours a day at the local fast-food chain.

9. Which statement supports the financial freedom of establishing and sustaining

a business enterprise?
A. It is about having outstanding enough earnings for all the expenses.
B. It is a person or company having substantial financial resources.
C. It is a person that has extravagant possessions and especially material
wealth.
D. It is obtaining an abundant amount of money received in the business.

10. What guideline in assisting achieve financial freedom involves paying all the
liability?
A. Setting a financial goal
B. Living within the resources
C. Starting in the current position
D. Establishing the way for financial freedom

8
 Answer Key

Let’s Try
1. A 2. C 3. D 4. A 5. D
6. C 7. A 8. C 9. B 10. A

Let’s Practice
Activity 1: Activity 2:
1. Job 1. FALSE
2. Full-time Job 2. FALSE
3. Job Opportunity 3. FALSE
4. Financial Freedom 4. TRUE
5. Part-time Job. 5. TRUE

Let’s Do More
Activity 1: Activity 2:
1. CORRECT 1. PT
2. CORRECT 2. PT
3. CORRECT 3. PT
4. INCORRECT 4. FT
5. INCORRECT 5. FT

Let’s Sum It Up Let’s Assess

Activity 1:
1. P 1. C 2. A 3. C 4. B 5. A
2. F 6. A 7. C 8. D 9. A 10. D

References
Website

Haanaes, Knut. "Why all businesses should embrace sustainability". Accessed

November, 2016. https://www.imd.org/research-knowledge/articles/why-
all-businesses-should-embrace-sustainability/.

Zuniga, Sheila. "Importance of establishing and sustaining business enterprises as

a source of job opportunities". Accessed February 19, 2020.
https://brainly.ph/question/2637290.

9
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