D. Assimilation 20 minutes Starting a business requires a lot of hard work. Therefore, persons must be readywhen deciding to start up a business to dedicate a lot of time and energy to thestart-up. It is also very costly and therefore capital will have to be identified toinject into a new business. To better understand, here are some reasons forstarting a business. (Mindshapers Co., Inc)1. Being your own boss where you can make decisions about the directionand operation of the business.2. Financial independence where starting the business would give you theopportunity to be a successful businessperson and achieve financialindependence.3. Self-actualization/Fulfillment in which owning and operating a successfulbusiness will give a feeling of accomplishment.4. Creation of employment for relatives, friends and community memberswhich can assist in providing jobs for persons in communities with highlevels of unemployment.5. Use of skills and knowledge for yourself where the skills, knowledge andexperience that you have acquired can be put to work for you.Activity No. 4Direction: As a future businessperson, discuss the importance of business intoday’s generation and create your own reason for starting a business.V. ASSESSMENT 15 minutes Activity No. 5Let us check your understanding.Direction: Write T if the statement is True and F if the statement if False.1. Business enterprises are legal entities operating in an economy toprovide goods and services at a profit.2. Businesses will close if they are making losses.3. Firms produce commodities/goods and services that satisfy needs andwants for its market.4. Government manages the economy. They set the laws that governhouseholds and businesses.5. Households consume the goods and services provided by firms.6. Households are known as consumers.7. Whether man lives in a simple economy or in a more sophisticated one,he must survive.8. A man is seen as an economic animal. To survive, he must be involvedin economic activities such as production, consumption andexchange.9. Firms are the producers in an economy. They obtain and maintainmarkets through consistent advertising and sales promotion.10. Government provides the necessary services (road, water,transportation, communication, etc.) so that businesses may operateefficiently. Households and businesses must in turn pay their taxes.
Question
D. Assimilation 20 minutes Starting a business requires a lot of hard work. Therefore, persons must be readywhen deciding to start up a business to dedicate a lot of time and energy to thestart-up. It is also very costly and therefore capital will have to be identified toinject into a new business. To better understand, here are some reasons forstarting a business. (Mindshapers Co., Inc)1. Being your own boss where you can make decisions about the directionand operation of the business.2. Financial independence where starting the business would give you theopportunity to be a successful businessperson and achieve financialindependence.3. Self-actualization/Fulfillment in which owning and operating a successfulbusiness will give a feeling of accomplishment.4. Creation of employment for relatives, friends and community memberswhich can assist in providing jobs for persons in communities with highlevels of unemployment.5. Use of skills and knowledge for yourself where the skills, knowledge andexperience that you have acquired can be put to work for you.Activity No. 4Direction: As a future businessperson, discuss the importance of business intoday’s generation and create your own reason for starting a business.V. ASSESSMENT 15 minutes Activity No. 5Let us check your understanding.Direction: Write T if the statement is True and F if the statement if False.1. Business enterprises are legal entities operating in an economy toprovide goods and services at a profit.2. Businesses will close if they are making losses.3. Firms produce commodities/goods and services that satisfy needs andwants for its market.4. Government manages the economy. They set the laws that governhouseholds and businesses.5. Households consume the goods and services provided by firms.6. Households are known as consumers.7. Whether man lives in a simple economy or in a more sophisticated one,he must survive.8. A man is seen as an economic animal. To survive, he must be involvedin economic activities such as production, consumption andexchange.9. Firms are the producers in an economy. They obtain and maintainmarkets through consistent advertising and sales promotion.10. Government provides the necessary services (road, water,transportation, communication, etc.) so that businesses may operateefficiently. Households and businesses must in turn pay their taxes.
Solution
The text you provided seems to be a part of a lesson plan or a study guide about starting a business. It discusses the reasons why someone might want to start a business, such as being their own boss, achieving financial independence, and creating employment opportunities for others. It also mentions the importance of having sufficient capital to start a business.
The text then provides two activities. The first one asks the reader to discuss the importance of business in today's generation and to create their own reason for starting a business. The second activity is a true or false quiz about business and economy.
To answer the first activity, the importance of business in today's generation can be seen in various aspects. Businesses drive economic growth, create job opportunities, and foster innovation. They also provide goods and services that improve people's quality of life. As for my own reason for starting a business, it would be to create a product or service that can solve a specific problem or meet a specific need in the society, thereby making a positive impact.
For the second activity, here are the answers:
- T
- T
- T
- T
- T
- T
- T
- T
- T
- T
Please note that these answers are based on the general understanding of business and economy. Some statements might be false under certain circumstances or from certain perspectives.
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