Detailed
Lesson Plan for
“FORMS OF
BUSINESS ORGANIZATIONS”
By:
Joseph S.
Acuña, MBA, LPT
I. LEARNING
OBJECTIVES:
A.
Content
Standards
The learners demonstrate an
understanding of the various forms of business
organizations, as follows:
• Sole /Single Proprietorship
• Partnership
• Corporation
• Cooperatives
B.
Performance Standards
The learners shall be able to
• differentiate the forms of business
organizations in terms of nature of ownership
• make a list of existing business entities
in their community and identify the form of business organization
C. Learning Competencies
The learners shall be able
to
• differentiate the forms
of business organizations. (ABM_FABM11-IIIb-11)
• identify the advantages and disadvantages
of each form. (ABM_FABM11-IIIb-12)
D. Specific Learning Objectives
At the end of this lesson,
the learners will be able to:
• identify the forms of
business organizations by nature of ownership.
• give examples of businesses in their
respective communities and identify the form
• identify the advantages
and disadvantages of the four forms of business
organization
II. CONTENT
A.
Lesson
Title
Forms of Business Organizations
B.
Teaching
Materials
Manila paper, Permanent Marker, Cartolina
Manila paper, Permanent Marker, Cartolina
III. LEARNING
RESOURCES
A.
References
Teaching
Guide for Senior High School Fundamentals of Accountancy, Business, and
Management 1(2016)
B.
Other
Learning Resources
IV. PROCEDURE
A.
Introduction:
Sharing Dream Business
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TEACHER'S
ACTIVITY
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STUDENT'S
ACTIVITY
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1. Good Morning Class!
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1. Good Morning Sir!
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2. Please stand for the Prayer.
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2. Students stand.
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3. Teacher
leads prayer.
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3. Students join in saying prayer
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4. Please be seated.
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4. Students sit down.
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5. I will check first the attendance.
Please make sure you are in your proper seats. Teacher opens class record, looks at class
list and the students seated.
How many students are absent today?
Can I ask the class secretary to give me the list
of students who are absent today at the end of the class period.
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5. Sir, everyone is present.
Sir, there are (number) students who are absent
today.
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6. Ready to listen class?
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6. Yes Sir
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7. I have two questions for you.
My first question is:
Given these four choices, what do you intend to
do after graduation?
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7. Students
give different answers.
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a. Put up a business or a company and be called a
boss
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b. Work for a company and be called an employee
or bossabos
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c. Study again and again and again
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d. Stay home - eat, do household chores, and be
called PLDT
Teacher calls for a show of hands to those
who answer a, b, c, d. Teacher can also call one or two student to explain
answer.
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8. Second question is: What business do you want
to put up and why?
Teacher calls one or two students to
answer.
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8.
Students give different answers.
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9. Our objectives for today are:
• to identify the forms of business organizations
by nature of ownership.
• to give examples of businesses in the community
and identify their form
• to identify the advantages and disadvantages of
the four forms of business organizations.
Teacher writes on the board the objectives. (chalk and talk method). Teacher tells student to start copying. |
9. Students
put out their notebooks and start writing down notes.
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B.
Motivation-ELICIT:
Allowance
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TEACHER'S
ACTIVITY
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STUDENT'S
ACTIVITY
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10. Class,
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How much is your daily allowance?
• Do
you know that with your daily allowance you can own a company?
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10. Students
raise their hands and answer when called by the teacher.
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11. Link
the answers of the learners.
Tell them their daily allowance can be used to
put up own company, buy shares of stock of a corporation, and that they will
become the owner of such a company”.
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11. Students
listen
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12. Inform them of the subject
matter of your lecture.
Our lesson for today is Forms of Business
Organizations
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12. Students listen
and write down the lesson of the day.
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C.
Establishing
a Purpose – ENGAGE
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TEACHER'S
ACTIVITY
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STUDENT'S
ACTIVITY
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13. There
are four (4) forms of business organization. Through the four (4) forms of
business organizations we can decide what kind of business we can open.
For
example, (holds a basket), if I
sell you a basket of goodies like bread, chips,(puts out goodies)
Ate,
kuya, sir. Ma’am, bili na po kayo
What
do you think is the form of my business organization?
We will
further discuss the other forms of business organization as we go along the
discussion.
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13. Students raise their hands, wait for their
names to be called by the teacher.
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D.
Instruction
– Presenting Instances of the new lesson and Discussing New Concept - EXPLORE
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TEACHER'S
ACTIVITY
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STUDENT'S
ACTIVITY
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14.
Suppose you want to open your own sari-sari store that you will need
PHP10,000 to start and you used your PHP10,000 savings to start the said business.
You are the sole owner of the said sari-sari store. This type of business is
called sole/single proprietorship.
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14. Students raise their hands, wait for their
names to be called by the teacher.
a. A form of business is owned by one person; the simplest, and the
most common form of business organization
b. It is not separate from the owner. The business and the owner are
inseparable
c. The life of the business is limited to the life of the owner. Once
the owner dies,
the business will cease to operate under the name of the proprietor.
The amount of capital is limited only by the wealth of the proprietor.
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15. What if the needed amount to start your
dream sari-sari store is PHP50,000 and you only have PHP25,000 cash savings.
You ask Juan, your friend if he is willing to invest his PHP25,000 and become
part owner of the sari-sari store. Assuming he agrees, what form of business
organization was created?
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15. Students raise their hands, wait for
their names to be called by the teacher.
a.
• A form of business owned by two or more persons. The details of the
arrangement between the partners are outlined in a written document
called
articles of partnership.
• Profits are divided among partners based on their agreed sharing.
• The owner is called a partner.
b.
• Higher capital because two or more persons will contribute to the
common fund.
• It is easy to operate like a sole/single proprietorship
c.
• The profits are divided among the partners.
• A partner can be held liable for the acts of the other partners.
• In a lawsuit, the personal properties of the partners can be held
beyond their
contributions and may be used to answer for any liability of the
partnership.
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16.
Assuming your dream is to open a grocery store and not just a sari-sari store
but you will need PHP1,000,000 to start the said business. You have only
PHP25,000, your friend Juan has
PHP25,000,
and your mother is willing to invest her PHP50,000, but still these are not
enough to
start
your dream grocery store. Where will you get the money to raise the PHP1
million? You may consider setting up a corporation?”
a. Discuss corporations
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16. Students
raise their hands, wait for their names to be called by the teacher.
a.
• A corporation is a business organized as a separate legal entity
(artificial person) under the corporation law with ownership
divided into transferable shares of stocks
• Emphasize that it is the law (Corporation Code of the Philippines)
that creates a corporation.
• The corporation begins its existence from the date the Articles of
Incorporation is approved by the Securities and Exchange
Commission (SEC).
• The SEC (Securities and Exchange Commission) is the government
agency primarily tasked to regulate private
Corporations in the Philippines.
• The owners are called stockholders or shareholders.
• The word ‘Corporation/Incorporation/Corp./Inc.’ appears in the name
of the entity.
• The voting rights of a shareholder is generally based on the
percentage of ownership.
• The management of the business is delegated by the shareholders to
the Board of Directors
• The ownership is divided into shares and the value of one share may
be denominated at a smaller amount, for example at
PHP10 per share.
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The proof of ownership is evidenced by a stock certificate.
b.
• Can easily raise additional funds by selling shares of stocks to the
public.
• Shareholders are not personally liable for the debts of the
corporation. The extent of their liability is limited to their equity
(ownership)
in the corporation.
c.
• It is relatively complicated to set up.
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Subject to several legal restrictions as listed in the Corporation Code of
the Philippines
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17. Assuming all the mothers in your barangay decided to open a
sari-sari store where all the members can buy in cash or in credit. Some
mothers were also taught how to sew dresses and bags as part of the
project of the group. These bags are then sold to a certain company.
Aside from that, the organization provides seminars to the members on
various topics involving mothers and their roles. At the end of the year, the
profits are distributed among the members based on their capital
contribution. The amount of their purchases in the sari-sari store during the
year is also computed and they receive something out of the profit/surplus
based on their purchases. This form of business organization is called a
cooperative.
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17. Students raise their hands, wait for
their names to be called by the teacher.
a.
• A cooperative is a duly registered association of persons with a
common bond of interest, voluntarily joining together to achieve their
social, economic and cultural needs.
• The owners are called members who contribute equitably to the
capital of the cooperative.
• The members are expected to patronize their products and services.
• The word ‘cooperative’ appears in the name of the entity.
• This form of business organization is regulated by the Cooperative
Development Authority (CDA).
•The
teacher may introduce the role of CDA as a government agency regulating the
cooperatives.
b.
Enjoys certain tax exemption privilege
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Promotes the concept of sharing resources
c.
• Limited distribution of surplus
• Requires continuous education programs for members.
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The members have active and direct participation in the business of the
cooperative.
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18.
Summarize all the forms of business organizations by asking a learner to
write on the board all the forms.
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18. Students raise their hands, wait for
their names to be called by the teacher.
Possible Answers:
1. Sole / Single Proprietorship
2. Partnership
3. Corporation
4. Cooperatives
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19. Ask the learner to give a brief description
of each form and the advantage of creating such forms.
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19. Students raise their hands, wait for
their names to be called by the teacher.
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20. End
your discussion by referring to the questions posed in the
introduction/motivation.
“Your
PHP10 daily allowance may be used to buy shares of stocks, thus making you an
owner of a Corporation.” Yes or No?
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20. Students answer; Yes
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E.
Practice
New Skill
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TEACHER'S
ACTIVITY
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STUDENT'S
ACTIVITY
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21. Divide
the class into four groups.
1.
Assign each group a form of business organization.
2.
Assign a group leader/reporter for every group.
3.
Ask each group to list down at least three businesses in their locality or in
the country
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For every business, the learner will identify the business activities,
products or services offered by each business.
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The group may be asked to identify the owners of every businesses listed.
4. Ask the group leader or reporter to present the output of each
group.
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21. Students will be
given manila paper and pentel pen for the activity.
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F.
Developing
Mastery – ENRICHMENT/EXPLAIN
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TEACHER'S
ACTIVITY
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STUDENT'S
ACTIVITY
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22. Post the blank matrix
on the board. (see teaching materials below). Ask a learner to fill-out the
blank matrix on the board. Assign one learner per cell.
In your own
words, can you fill-out the blank matrix on the board.
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22. Students
raise their hands, wait for their names to be called by the teacher.
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G.
Finding
Practical Application
H.
Generalization
–Elaborate
I.
Evaluate
Learning – Evaluation
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TEACHER'S
ACTIVITY
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STUDENT'S
ACTIVITY
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23. Let us have
a short quiz. Kindly get a 1 yellow paper. Answer the following
questions.
Teacher writes down the questions on the board:
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23. Students get yellow paper and answer the
questions written on the board.
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1. Enumerate all the
forms of business organizations by nature of ownership.
2. Differentiate a
corporation from a partnership according to number of owners and their
liabilities.
3. Differentiate a
corporation from cooperative.
4. Give two examples of
corporations in the Philippines.
5. Give two
examples of cooperatives in the Philippines.
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- Assignment – EXTEND
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TEACHER'S
ACTIVITY
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STUDENT'S
ACTIVITY
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1. Visit the website of
DTI and SEC. Download application form for Sole, Articles of Partnership and
Incorporation
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