B U S I N E S S & C O M P U T E R S C I E N C E INTRODUCTION. Business Essentials. Forms of Business Ownership

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1 B U S I N E S S & C O M P U T E R S C I E N C E COURSE: UNIT 6: Business Essentials Frms f Business Ownership INTRODUCTION Anntatin: In this unit students will learn the different types f business wnership as well as gain understanding f the advantages and disadvantages f each type f business wnership. Grade(s): 9 th 10 th 11 th 12 th Time: 5 hurs Authr: Sharn Mseley Additinal Authr(s): Students with Disabilities: Fr students with disabilities, the instructr shuld refer t the student's IEP t be sure that the accmmdatins specified are being prvided. Instructrs shuld als familiarize themselves with the prvisins f Behavir Interventin Plans that may be part f a student's IEP. Frequent cnsultatin with a student's special educatin instructr will be beneficial in prviding apprpriate differentiatin. Gergia CTAE Resurce Netwrk Unit Plan Resurce Unit BE-6 Frms f Ownership Page 1 f 6

2 FOCUS STANDARDS GPS Fcus Standards: BCS-BE-16: The student evaluates sle prprietrships as a frm f business. BCS-BE-17: The student evaluates the different types f partnerships as a frm f business. BCS-BE-18: The student evaluates the different types f crpratins as a frm f business. BCS-BE-19: The student chses the mst apprpriate frm f business wnership fr any planned business. BCS-BE-20: The student evaluates franchising as a frm f business wnership. GPS Academic Standards: SSEMI4: The student will eplain the rganizatin and rle f business, and analyze the fur types f market structures in the U.S. ecnmy. Natinal / Lcal Standards / Industry / ISTE: UNDERSTANDINGS & GOALS Enduring Understandings: Businesses may be a sle prprietrship, partnership, r crpratin. There are advantages and disadvantages t each frm f business. Essential Questins: If yu pened yur wn business what frm f business wnership wuld yu use and why? What are the advantages and disadvantages f the different types f business wnership? What are the differences between a C-crpratin and a Sub-chapter S crpratin. Hw culd a business that sells franchises cntrl the image f the cmpany name? Knwledge frm this Unit: Students will be able t: Describe the advantages f a sle prprietrship Describe the disadvantages f a sle prprietrship List the different types f partnerships Describe the advantages f a partnership Describe the disadvantages f a partnership Determine the differences amng types f partnerships Describe the advantages f a crpratin Describe the disadvantages f a crpratin Gergia CTAE Resurce Netwrk Unit Plan Resurce Unit BE-6 Frms f Ownership Page 2 f 6

3 Describe the difference between a C-crpratin and a Sub-chapter S crpratin Describe hw a Limited Liability Cmpany wrks Differentiate amng sle prprietrships, partnerships, and crpratins using prs and cns Describe ptential business types fr sle prprietrships, partnerships and crpratins Define and give eamples f franchising Describe the advantages f wning a franchise Describe the disadvantages f wning a franchise Describe a situatin in which a partnership r sle prprietrship culd raise capital t epand business activities mre easily than a crpratin. Skills frm this Unit: ASSESSMENT(S) Assessment Methd Type: Pre-test Objective assessment - multiple-chice, true- false, etc. Quizzes/Tests Unit test Grup prject Individual prject Self-assessment - May include practice quizzes, games, simulatins, checklists, etc. Self-check rubrics Self-check during writing/planning prcess Jurnal reflectins n cncepts, persnal eperiences and impact n ne s life Reflect n evaluatins f wrk frm teachers, business partners, and cmpetitin judges Academic prmpts Practice quizzes/tests Subjective assessment/infrmal bservatins Essay tests Observe students wrking with partners Observe students rle playing Peer-assessment Peer editing & cmmentary f prducts/prjects/presentatins using rubrics Peer editing and/r critiquing Dialgue and Discussin Student/teacher cnferences Partner and small grup discussins Whle grup discussins Interactin with/feedback frm cmmunity members/speakers and business partners Cnstructed Respnses Chart gd reading/writing/listening/speaking habits Applicatin f skills t real-life situatins/scenaris Pst-test Assessment(s) Title: Assessment(s) Descriptin/Directins: Gergia CTAE Resurce Netwrk Unit Plan Resurce Unit BE-6 Frms f Ownership Page 3 f 6

4 Attachments fr Assessment(s): LEARNING EXPERIENCES Sequence f Instructin 1. Identify the Standards. Standards shuld be psted in the classrm fr each lessn. 2. Review Essential Questins. If yu pened yur wn business what frm f business wnership wuld yu use and why? What are the advantages and disadvantages f the different types f business wnership? What are the differences between a C-crpratin and a Sub-chapter S crpratin. Hw culd a business that sells franchises cntrl the image f the cmpany name? Resurces: 3. Identify and review the unit vcabulary. 1. crpratin 2. franchise 3. intermediaries 4. limited liability 5. manufacturers 6. nnprfit 7. service 8. partnership 9. prcessrs 10. prducer 11. retailer 12. sle prprietrship 13. stck 14. unlimited liability 15. whlesaler 4. Students will brainstrm in pairs and make a list f businesses they are familiar with. 5. Students will be intrduced t business wnership with a PwerPint presentatin. Students will be given handut fr tw-clumn ntes. 6. Students will cmplete a vcabulary review activity. 7. In grups, students will create a pster depicting the advantages and disadvantages f each frm f business wnership. 8. Students will cmplete Cmpany Prject. Frms f Ownership Gergia CTAE Resurce Netwrk Unit Plan Resurce Unit BE-6 Frms f Ownership Page 4 f 6

5 Clck in: What is a business? 1. Frms f Ownership ppt. 2. Business Ownership Sheet 3. Buying a franchise activity Frms f Ownership Yu ve Gt Mail Discussin Questins Frms f Ownership Clck in: Vcabulary Quiz 1. Partnership agreement activity 2. Types f Businesses Internet scavenger hunt Frms f Ownership Review and Test Add Frms f Ownership Infrmatin t Manual *Types f businesses & wners Attachments fr Learning Eperiences: Please list. Ntes & Reflectins: May include ntes t the teacher, pre-requisite knwledge & skills, suggestins, etc. CULMINATING PERFORMANCE TASK (Optinal) Culminating Unit Perfrmance Task Title: Cmpany Prject (Capstne prject) Culminating Unit Perfrmance Task Descriptin/Directins/Differentiated Instructin: Students will research a cmpany and prepare a PwerPint presentatin. The research must include a histry f the cmpany, financial infrmatin, scial and envirnmental respnsibilities. Attachments fr Culminating Perfrmance Task: Gergia CTAE Resurce Netwrk Unit Plan Resurce Unit BE-6 Frms f Ownership Page 5 f 6

6 UNIT RESOURCES Web Resurces: Attachment(s): Materials & Equipment: What 21st Century Technlgy was used in this unit: Slide Shw Sftware Graphing Sftware Audi File(s) Interactive Whitebard Calculatr Graphic Organizer Student Respnse System Desktp Publishing Image File(s) Web Design Sftware Blg Vide Animatin Sftware Wiki Electrnic Game r Puzzle Maker Website Gergia CTAE Resurce Netwrk Unit Plan Resurce Unit BE-6 Frms f Ownership Page 6 f 6