On page 21 Create a Microeconomics Tab for the title page

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Presentation transcript:

On page 21 Create a Microeconomics Tab for the title page Glue your unit 2 standards down Label page Unit 2: Microeconomics

Business Organizations WRITE ON A POST-IT: Standards: SSMI4a-b Goals: Be able to compare/contrast 3 biz organizations Explain role of profit Describe the purpose of mergers

What is a business organization? organization is how an entrepreneur(s) decide to organize their business. good and bad for each

3 Types of Biz Organizations: sole proprietorship partnership corporation

We are going to create 3 mini books. Please pay attention so that you know how to create your 3 mini books. You will use your 3 sheets of copy paper for this! PAY ATTENTION!!!! If you missed class on this day, stop by and I will help you create your mini books!

Mini Book 1 1)On the front label it Sole Proprietorship 2)Put a “1” on the front 3)Write “1 Soul”

Mini Book 1 (first page inside: 1) Open up to next page, at the top write the word Definition . 2) Leave room for the definition. 3) Write the number 1 really big...check out mine 4) Use textbook to get the definition

Mini Book 1 Open to middle page, and label the top ADVANTAGES (there are 6) Use your textbook to find the advantages for the sole proprietorship

Mini Book 1 Open to last flap/page, and label the top DISADVANTAGES (there are 6) Use textbook to list the disadvantages of sole proprietorship.

The other mini books… Create a mini book for PARTNERSHIPS with A page for the definition A page for advantages A page for disadvantages Create a mini book for CORPORATIONS with A page for the definition A page for advantages A page for disadvantages

Please copy the Corporate Ladder into your notebook (you can find it on pg.68 in textbook)

Be sure to define the following terms: Unlimited liability Limited life Financial capital Preferred stock vs. common stock Dividend Charter Stockholders/shareholders