Unit:
Forms of Ownership
Introduction to Business
Trevor Lennon
Day 1
Grade Level: 9-10
Subject Area: Introduction to Business
Materials Needed: whiteboard, dry erase markers, PowerPoint
Standards:

Identify and provide examples of the basic forms of business ownership (e.g., sole
proprietorship, partnership, cooperative, and corporations) (10.3.1.2)
Objectives:

Students will be able to
o define the basic form of ownership: Sole Proprietorship
o give examples of the basic form of ownership in their community, state, and
country
o Discuss openly about SP
Learning Activities


Asks students what they think a Sole Proprietorship is
o Give book definition
o Discuss
 Give Pros and Cons to each
 Types of business that fall under a sole proprietorship
 Basic laws that dictate a SP
Students will create their own Sole Proprietorship business in class
o With remaining time students will:
 Work by themselves! Note: SOLE PROPRIETORSHIP
 Create a simple business and list:
 What they sell
 Why they sell it
 Where they want to sell it
 Hours of operations
 Number of employees
 Be creative in the business
 Look for how creative the students are and what they want to do
 It will be handed in at class end
Assessment:
 Have students hand in what they worked on for their business. It will be used to
understand what the students understand and what needs to be taught better
Reflection:
Day 2
Grade Level: 9-10
Subject Area: Introduction to Business
Materials Needed: whiteboard, dry erase markers, PowerPoint
Standards:

Identify and provide examples of the basic forms of business ownership (e.g., sole
proprietorship, partnership, cooperative, and corporations) (10.3.1.2)
Objectives:
 Students will be able to:
o Discuss difference between SP and Partnership
o Understand the definition of a partnership
o List types of partnership in city, state, country
Learning Activities
 Review Sole Proprietorship
o Go over the activity from yesterday and say what was good
 Define Partnership
 List on board: (have students guess for each category – add any that students didn’t say)
o Similarities
o Differences
o Pros and Cons
 Using a projector and a computer, use a search engine and have students guess
partnerships. Research them in class and find out if they fall under a partnership or not
Assessment:
 Like the activity in class, have students go home and research three partnerships. One in
the community, one in the state, and one in the country. This will be worth ten (10) points
and will be due tomorrow or next class meeting.
Reflection:
Day 3
Grade Level: 9-10
Subject Area: Introduction to Business
Materials Needed: whiteboard, dry erase markers, PowerPoint
Standards:

Identify and provide examples of the basic forms of business ownership (e.g., sole
proprietorship, partnership, cooperative, and corporations) (10.3.1.2)
Objectives:
 Students will be able to:
o Define Cooperative
o Know the difference between SP, Partnership, and Co-op
o List types of co-ops in city, state, and country
Learning Activity:

Review SP and Partnership
o Definitions of each
o See what students found in their research
 Define cooperative
 Break Students up into four groups
o Assign each group a cooperative to research
 Basin Electric
 Associated Food Stores
 Cenex Farmers Union
 Land O’Lakes
o Each group will work together to research about these cooperatives
 What they do? Sell?
 Companies underneath them?
 How the business runs
o The class period will be devoted to researching the cooperatives on the netbooks
Assesment:
 Students will present the information about their companies tomorrow. The presentation
should be at least 10 minutes long and should describe in detail how the business runs
and what makes them a cooperative
Review:
Day 4
Grade Level: 9-10
Subject Area: Introduction to Business
Materials Needed: whiteboard, dry erase markers, PowerPoint
Standards:

Identify and provide examples of the basic forms of business ownership (e.g., sole
proprietorship, partnership, cooperative, and corporations) (10.3.1.2)
Objectives:
 Students will be able to:
o Define Cooperative
o Know the difference between SP, Partnership, and Co-op
o List types of co-ops in city, state, and country
Learning Activity:
 Students will present what they have found in their research from yesterday
o They will be given ten minutes to present their information and will be asked how
their business relates to a cooperative
Assessment:
 Students will be assessed upon their presentations. i.e. understanding of cooperative, how
the cooperative is set up, how it is managed. Etc
Reflection:
Day 5
Grade Level: 9-10
Subject Area: Introduction to Business
Materials Needed: whiteboard, dry erase markers, PowerPoint
Standards:

Identify and provide examples of the basic forms of business ownership (e.g., sole
proprietorship, partnership, cooperative, and corporations) (10.3.1.2)
Objectives:
 Students will be able to:
o Define a Corporation
o Know the differences between SP, Partnership, CO-OP, and Corporation
o Discuss Corporations openly in class
Learning Activity:
 Review:
o SP
o Partnership
o Cooperative
 Define corporation
 Have student list off corporations they know
 Research using a computer and projector through a search engine online
 Look for huge corporations and small corporations
o What is the largest they can find
o Smallest?
 Review the laws and taxes that make up a corporation
 List pros and Cons
Assessment:
 Students will be asked to write a two (2) page paper describing what type of business
they want to own and operate. They would answer why they chose that form and back up
their reasoning.
Reflection