LESSON #3
Class: Applied Economics
Instructor: Michael Ruch
Subject Area: Social Studies
Curriculum Objective: Compare and contrast the three business organizations of sole proprietorship,
partnership, and corporation.
Content Standard: SS4
Process Standard: G4.1, G1.8
Learner Activity: Students will compare and contrast business organizations.
a. Students will individually contact 5 local businesses and determine the organization of each.
b. The five businesses must include at least one sole proprietorship, one partnership, and one corp.
c. The student will then use their business contact or text to compile a list of pros and cons for each
business organization.
d. Students will report back to class and divide into 3 groups.
e. Each group will be assigned ONE business organization: sole proprietorship, partnership or corp.
f. Each group will compile a list of pros and cons for their organization and report their conclusions.
Assessment Activity: Students will construct a graphic organizer that analyzes the pros and cons of sole
proprietorships, partnerships and corporations. The graphic organizer must include the 3 business
organizations, 5 pros for each organization and 5 cons for each organization for a total of 33 "components."
Method of Assessment: Scoring Guide (See Below)
Resources: Chalkboard, Dry Erase or Large Paper for classroom analysis
Construction paper and art supplies for graphic organizer construction
Scoring Guide
4
33 components
are identified
3
21-32 are
identified
2
10-20 are
identified
1
Identifies
Less than 10
required number
components are
of components
identified
Accuracy
All 33
21-32
10-20
Less than 10
components are components are components are components are
accurately
accurately
accurately
accurately
labeled
labeled
labeled
labeled
Neatness/Quality Project is very Project is
Project has 4-7 Project
of work
neat
mostly neat/ 2- errors
contains more
3 errors
than 7
examples of
carelessness
Use of class time Student
Student used
Student worked Student spent
consistently
most of the
on project, but most of the
worked on
class time for
also distracted
class time
project during
the project
others or
distracting
the entire class
wasted some
others/did not
time
class time
use time for
project