1. ECONOMICS: March 2 (sub)
Warm-up: (using textbook) Please copy the top and bottom pie chart from p Why do you think sole proprietorships compose the largest number of business organizations, yet have the smallest percentage of profits?
Economics Learning Target In order to understand business organizations, I will analyze the different types of business organizations. I will know I have it when I can list and explain the advantages and disadvantages of sole proprietorships and partnerships especially in terms of: (1) ease of formation; (2) owner and operator liability; (3) ability to raise money;(4) ability to make money; and (5) taxation.
Business Organizations (how businesses choose to organize): (use textbook to answer questions on HO and skip “Liability Example” on bottom of both sides—we will discuss that part on Monday)—TURN IN
--sole proprietorships -definition; advantages; disadvantages --partnerships -definition; general vs. limited; advantages; disadvantages --when done with HO, read about corporations (pp ) Assignment: read Ch. 8, Sect. 1
Ch. 7-8 Test is Friday, March 9th (warm-ups due on day of test)