Name: _____________________________ Date: ________________

Year & Block: ______________________ Score: _______________

CHAPTER III
Activity 3.1 RESEARCH
Directions: Answer the following question below and answer legibly.
1. Search online hospitality or tourism-related decent establishments around
your City/Municipality
 What establishments around your place are partnership and
corporations? Enumerate 2 each.
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 Would it be advantageous if an entrepreneur formed a corporation?
Support your answer.
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2. Search online a successful entrepreneur’s biography who has built his or

her business as either a partnership or corporation.
 How the entrepreneur started the business?
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 What problems do they encounter in the business?
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 How do they solve them?

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Activity 3.2 Situation Analysis

Directions. Read the scenario below and answer the following questions.
The Case of Invest and Divest Strategy
Marky Olivarez, a popular young actor-model, decided to plunge into
entrepreneurship by opening a series of business ventures - a casual dining
restaurant and bar, a fitness gym, a travel agency, and a fashion boutique. He
has a different set of partners in each of these firms. Marky has not
contributed anything to these businesses except his name, hoping that his
popularity will draw the right market into these firms. The other partners
were not hands-on entrepreneurs and relied heavily on managers hired for
each company. Each of these businesses showed signs losing money in the
first 12 months. Marky has charged many of his personal expenses from these
companies. Meanwhile, all the partners were not able to recover their
investment in these business ventures with Marky.

1. If the businesses were losing money, shouldn’t Marky share also in the
losses even if he did not contribute money or tangible assets to the
companies?
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2. Is it right for Marky to charge his personal expenses to the companies?

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3. How would you assess Marky’s entrepreneurial competency?

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4. What went wrong in this partnership?

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5. What are the most important factors in choosing a business partner?

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