WorksheetsHELE T3 WW2
Total questions: 10
Worksheet time: 14mins
This is the process of starting and running your own business.
(a)
TRUE or FALSE: Entrepreneurship involves taking risks to make the business successful.
TRUE
FALSE
TRUE or FALSE: Entrepreneurship involves hard work.
TRUE
FALSE
This is the person who starts and runs their own business.
(a)
Match the name of the famous Filipino entrepreneur and their business.
SM
Henry Sy
Jollibee
Tony Tan Caktiong
Vista Malls
Manny Villar
These are the things you sell to your customers and is something that they can physically hold in their hands (i.e. tangible)
(a)
In business, this is an activity or a task performed to benefit customers or other companies
without a physical product
(a)
Match the following descriptions to the correct term.
You are the only owner of the business.
Sole proprietorship
You and at least one other person own the business.
General partnership
This is a business own and controlled by its members who are also the owners.
Cooperative
This is a business owned by one or more people but is treated as a separate entity from its owners.
Corporation
Organize these options into the right categories
owner takes all the profits and losses
if the owner is sick, the business won't open
Partners can be a liability
Partners share problems and profits
Double taxation of profits.
Limited liability for owners.
More expensive to setup and maintain
Least expensive to setup
Friendships can end as a result
Increased credibility with customers and suppliers
Organize these options into the right categories
purchases a product for his needs
aka the consumer
aka the end user
offers a price for a product or service
maintains good relationships with buyers
sometimes also the producer
