III
I. Objectives:
At the end of the lesson, students are expected to:
a.) Identify the legal forms of business ownership: Sole Proprietorship, Partnership and
Corporation.
b.) Differentiate Sole Proprietorship, Partnership and Corporation through role playing.
c.) Explain the importance of having a business.
II. Subject Matter:
Topic:
Legal Forms of Business Ownership: Sole Proprietorship, Partnership and
Corporation
References:
Technology and Livelihood Education Grade 9
Agricultural Crop Production (Entrepreneurship - Module 1)
Learners Material
First Edition, 2014, pages 23-24
Basic Accounting 12th Edition, pg. 10
Partnership and Corporation Accounting 11th Edition, pgs. 1-2 1-17
Authors:
Jesus B. Nazareno, MDM
Rodolfo C. Sajorda
Rita de los Santos, et al
Win Ballada and Susan Ballada
Materials: illustration board, marker, cartolina, glue, art materials, scissors, pictures, Manila paper, flower
III. Procedure:
Teachers Activity
Students Activity
a) Preliminary Activities
Good afternoon class!
Let us pray first
Yes ma'am.
b) Review
Would you like to play a matching game?
Okay, class let's start to play a matching game.
Column A contains the different components of a
business plan while column B contains the different
attributes or examples of those components. You
just need to match the correct description from its
corresponding components.
Yes ma'am.
(students will answer in chorus)
Yes ma'am.
(students will answer in chorus)
Yes ma'am.
(students excitingly answer in chorus)
Yes ma'am.
Yes ma'am.
(Anna will answer on the board)
Yes ma'am.
Ma'am, SM Mall.
d) Lesson Proper
<Pre-Activity>
Class, our lesson for today are all about the legal
forms of business ownership. There are three legal
forms of business ownership; first is sole
proprietorship, second is partnership and the third
is corporation.
Sari-sari store in our local places is mostly owned
by only one person, therefore, a sari-sari store is an
example of a sole proprietorship form of business
ownership.
Do you copy?
Yes, ma'am.
(students answer in chorus)
Yes, ma'am.
(students answer in chorus)
Very good.
<Activity Proper>
I have here posted in the board the advantages and
disadvantages of each form of business
ownership. Now we will have another
activity to make our lesson more exciting,
do you like it?
Do you like role playing?
So, we will divide the class into three groups and
each group will have a representative to pick up
this rolled papers here for you to choose the form
of business ownership that will be portray by your
group.
So, each group will present a role play in front of
the class showing the different advantages and
Yes, ma'am.
(students answer in chorus)
Yes, ma'am.
(students answer in chorus)
Yes, ma'am.
(students answer in chorus)
Yes ma'am.
<Generalization>
What did you learn from our lesson today?
Yes very good. Learning the different types of
business ownership will make us knowledgeable in
terms of decision making on what type of business
that you are going to start.
We can now differentiate the three legal forms of
business ownership.
<Valuing>
Cooperation among members, working hard
towards attaining desired goal, patience in dealing
group mates and sharing learned knowledge.
IV. Evaluation:
Write the letter of your answer.
1. What form of business ownership has the
powers, attributes, and properties expressly
authorized by law or incident to its
existence?
a. Partnership b. Corporation c.
Proprietorship d. Cooperative
Sole
Sole
V. Assignment
1) Choose one form of business ownership.
2) Give a name of a business that you know, that
uses this type of business ownership.
3) Explain in your own way, the advantages of
using this forms of business ownership in the
business.
Prepared by:
Faye Lourane C. Ababon