Complete the Sentences
Direction: Fill in the missing word or phrase to complete each sentence.
1. Entrepreneurs have the obligation to provide just compensation for their employees. It should at least be the
_________________ wage and should include overtime pay.
2. Entrepreneurs need to evaluate employees’ performance to serve as basis for_______________________________.
3. Entrepreneurs should secure permits, licenses, and other requirements to operate legally from the city
____________________.
4. Entrepreneurs should pay taxes to the government on time and it should be based on their ________________.
5. Creditors should be provided with _______________________ information to gauge the trustworthiness of the
company applying for a credit.
6. The entrepreneur should guard its employees against any form of abuse or discrimination in the workplace to avoid
______________________ in the future.
7. Suppliers should be treated with fairness and honesty because they provide___________________________
essential for production.
8. To gain customer loyalty, entrepreneurs should provide customers with________________________ products and
services.
9. Entrepreneurs should be honest to their customers and avoid false________________________________.
10. Entrepreneurs have the responsibility to ensure that business operations will not pose _____________________ to
the environment.
B.
Instruction: Read each question carefully and write the letter of your answer on a separate sheet of paper.
1. The stakeholders who have the right to information and should not be misled with false advertisements.
a. creditors b. customers c. environment d. suppliers
2. They are the providers of raw materials and resources of the business that needs to be paid on time and given fair
treatment during price negotiations.
a. creditors b. government c. shareholders d. suppliers
3. They provide additional capital for the business and therefore, should be provided with correct and updated
information to enable them to assess the company’s ability to pay loans when it falls due.
a. creditors b. customers c. environment d. suppliers
4. They are the stakeholders of business who need to receive just compensation and government mandated benefits
from entrepreneurs.
a. creditors b. customers c. employees d. suppliers
5. The stakeholders who are the beneficiaries of the favors and support returned by the entrepreneurs to the
community it serves.
a. environment b. general public c. government d. shareholders
6. They are the stakeholder who will hold the entrepreneurs accountable if they will not report their income honestly
and correctly.
a. creditors b. government c. shareholders d. suppliers
7. Which should be done by the entrepreneur to gain customer loyalty?
a. Create advertisement promoted by famous personalities.
b. Give regular promotions such as discounts and freebies.
c. Utilize social media platforms to reach greater audience.
d. Produce high quality products and services at reasonable prices.
8. How can business owners give back to the community where it serves?
a. Offer loans to the public. b. Hire competent employees.
c. Expand business centers outside locality. d. Join environmental conservation projects.
9. What should an entrepreneur do to ensure that employees in the workplace receive equal treatment regardless of
age, gender, religion, ethnicity, or disability?
a. provide just compensation b. enforce anti-discrimination policy
c. promote favorable working condition d. ensure occupational health and safety
10. What should the government do to ensure that entrepreneurs operate business that do harm or pollute the
environment?
a. Compel business to pay tax on time. b. Oblige business to disclose their income correctly.
c. Implement environment regulation and legislation. d. Require business to secure permits and license to operate
C.
Instruction: Write YES if the statement can establish good relationship between business organization and stakeholders
and NO if it does not.
11. Shareholders are given fair return of their investments because the business is honest with the results of its
operations.
12. Businesses continue to operate even without permits and licenses as long as they pay just compensation to their
employees.
13. Health and medical insurance fees of employees are remitted to the collecting agencies at any time the
entrepreneur chooses.
14. Personal protective equipment (PPE), tools and equipment should be provided by the business to its employees for
free.
15. Prices of products and services are raised because artificial shortage of supply is created by the business.
D.
Instruction : Identify the specific stakeholders involved in this scenario. Determine what is the responsibility and/or
accountability of the entrepreneur to them. Write your answers concisely.
Situation 1
Carlo wants to expand his business operation in Polomolok. However, he needs additional capital to push through with
the plan. He considers applying for a loan in the bank or invite potential investors to join him in the business.
Situation 2
Due to the Covid-19 virus pandemic, companies are required to follow a scheme that will limit personnel in the
workplace. Rosie’s nature of business made it impossible for all her workers to work at home. Thus, she requires some
of her personnel to physically report to work following an alternative work arrangement.
