HOMElec 02

Entrepreneurial Management

KEY WORKSHEET Lesson 4 – Economic Development of Entrepreneurship

FILL IN THE BLANKS
__________ 1. An important characteristic of economic growth is that it is never ______in all
sectors of

an economy.

__________ 2. Economic growth refers to a long-term _______in the productive potential of

the

economy to satisfy the wants of individuals in society.

__________ 3. The process of educating a workforce is a type of investment, but instead of

capital

investment such as equipment, the investment is in___________.

__________ 4. A shortage of skilled labor hampers the growth of an economy, whereas

a_________ of

labor is of lesser significance to economic growth.

__________ 5. The role of ___________is key to expanding the skillsets and education levels of
a

country's population.

__________ 6. Workers with more education or better skills tend to have higher earnings, and
increases

economic growth through additional ________________.

__________ 7. Entrepreneurs not only invest their own capital but it also ________ capital
from the

market.

__________ 8. The pooled financial resource or capital is the basis of ____________in the
economy,

contributing majorly to the socio-economic development of a country.

__________ 9. Authority delegated to a person should be commensurate with
his_______________.

__________ 10. Through successive delegations, a clear _____________of authority running

from the

top to bottom of the structure is established.

__________ 11. The responsibility of every individual should be defined clearly to avoid
________of

work.

__________ 12. It plays a role when it comes to job openings and the movement of labor

__________ 13. The natural resources of a country depend on _____________and

environmental

conditions.

__________ 14. The efficient utilization or exploitation of _____________ depends on the skills
and

abilities of human resources

__________ 15. It shows the contribution of residents to the county.

__________ 16. According to advertisements placed in The Financial Times in 1989: "The
Philippines is

more densely mineralized than _________

__________ 17. The __________ involves application of scientific methods and production
techniques.

__________ 18. Currently, the Philippines is the preferred IT outsourcing candidate, second
only to ____.

__________ 19. It play big role in driving a nations economic growth and societal development

__________ 20. The ________gross domestic product (GDP) is GDP given in current prices,
without

adjustment for inflation.

Divine Word College of Legazpi

 SCHOOL OF BUSINESS, MANAGEMENT AND ACCOUNTANCY

Legazpi City

WORKSHEET - Lesson 5 – Social Entrepreneurship

Fill in the blanks/Identification

__________ 1. The social entrepreneur participates in profit-seeking business ventures only to

use the

profits generated to create valuable _________for the whole community.

__________ 2. According to ___________.social entrepreneurship is necessary to mitigate the

financial

repercussions on the most vulnerable in society:

__________ 3. Social entrepreneurs need to come up with practical but innovative ideas for
social

issues and often use _______________ and principles.

__________ 4. Social entrepreneurs constantly review their performance using

continuous______ both

quantitative and qualitative, to guide their improvement.

__________ 5. Sustainable entrepreneurship refers to the discovery, creation, and exploitation

of

entrepreneurial ____________ that contribute to sustainability.

__________ 6. As the government, business, and household budgets tighten, costly

environmental

protection and clean-up efforts are in __________.

__________ 7. In the current ___________, financial pressures are exacerbating existing

social

problems such as poverty and unemployment.

__________ 8. Social entrepreneurs are ___________ who create fundamental social

changes by

reforming social systems and creating sustainable improvements.

__________ 9. Social entrepreneurship is all about making _______ to completely define a
particular

social problem and then organizing, creating and managing a social venture to
attain the

desired change.

__________ 10. Social _________, as opposed to the creation of profit, should be the ultimate
goal of the

social entrepreneurs

__________ 11. These institutions provide banking services to unemployed or low-income

individuals or

groups who otherwise would have no other access to financial services.

__________ 12. Despite being hopeful of their success and ability to change the minds of
others, social

entrepreneurs are often able to monitor their own__________ and degree of

success.

__________ 13. The visions of social entrepreneurship are not limited by the _________that
they have.

__________ 14. Social entrepreneurs are accountable to their _______________.

__________ 15. Social entrepreneurship cannot be confused with___________.

__________ 16. A ________ that practices social entrepreneurship, relies less heavily on donor
funds

because it creates social programs that are meant to be self-sustaining.

__________ 17. The word charity comes from the word __________which is Latin for love or

compassion.

__________ 18. The defining characteristics of the social enterprise: _______is at the center of
business,

with income generation playing an important supporting role.

__________ 19. It is the process of improving the terms on which individuals and groups take
part in

society.

__________ 20. The biggest problem is having to distinguish a ________from a for-profit

enterprise and

a non-profit organization
 Divine Word College of Legazpi

SCHOOL OF BUSINESS, MANAGEMENT AND ACCOUNTANCY

Legazpi City

WORKSHEET - Lesson 6 – Developing a Business Plan

Fill in the blanks/Identification

__________ 1. Environmental ______is the ongoing tracking of trends and occurrences in an

organization's internal and external environment that bear on its success,

__________ 2. These are specific occurrences that take place in different environmental
sectors of

a business.

__________ 3. A critical point in the entrepreneurial process is ______to start the project

__________ 4. Funding in the Business Plan must be supplemented with financial _________.

__________ 5. Lean startup formats are______ that use only a handful of elements to describe
your

companys value proposition, infrastructure, customers, and finances

__________ 6. Make a clear and compelling statement about the unique _______your
company

brings to the market.

__________ 7. Workersefficiency and productivity must be looked into as they are the _____of
any

production line.

__________ 8. A good product is the making of well-conceived ideas of the _______team.

__________ 9. Technology improves product quality and the customer wants those items with
 _______ standards.

__________ 10. Poor design of the product is the making of people with no______ expertise in

handling the customers wants in terms of features.

__________ 11. This is the essence of profit and this must be sustained by the entrepreneur
before wide

competition appeared in the market place.

__________ 12. ______terms given by suppliers of raw materials and other production inputs
are

opportunities for the growth of the business

__________ 13. It will provide potential lenders with detailed information on all aspects of the
company

past and current operations and provide future projections.

__________ 14. A _______decision, sometimes called an operational decision

__________ 15. Human Resources, capital assets, and technological assets are a part of the

_______environmental factors that affect environmental scanning.

__________ 16. Organizations, customers, competitors, and market suppliers are part of the

________ environmental factors..

__________ 17. ______environmental factors include legal, political, social, cultural,

demographics, and

technological.

__________ 18. Competition will reduce ________as the price has to be competitive with those
in the

market place.

__________ 19. Taxes are collected by the government and another tax by _____tax collector
in the form

of grease money for a little favor.

__________ 20. The _______ management must be able to capture the widest market possible
to

sustain product development.