Monday, February 23


Essential Question:
Why are we learning about business organization?
Key Questions:
How is the employment status changing in the US? Why is the employment status changing in the US? What is the role of the business in the US economy? What are the three major types of businesses? What are the descriptions of the three major types of businesses? What are the three major forms of business ownership? When and why are different types of business ownerships appropriate? What are other specialized business ownership forms? What are the important principles in designing an effective organization? Why should you understand these principles? What are alternative organizational structures for businesses?
Activating Strategy:
Begin answering EQ and KQ above.
Instructional Strategies and Student Activity:
  • Continue Daily Journal
  • Begin Chapter 5 - Business Organization
  • Students will define key terms from each section of Chapter 5
  • The key terms are:
    • contingent worker
    • intermediaries
    • service business
    • proprietorship
    • partnership
    • corporation
    • partnership agreement
    • articles of incorporation
    • franchise
    • mission statement
    • goal
    • policies
    • procedures
    • organization chart
  • Define the following terms: (These are in italics throughout the Ch.5 text)
    • baby boomer
    • producers
    • extractor
    • farmers
    • manufacturers
    • corporate bylaws
    • board of directors
    • limited liability partnership
    • joint venture
    • S corporation
    • limited liability company
    • nonprofit corporation
    • cooperative
    • franchiser
    • franchisee
    • responsibility
    • authority
    • accountability
    • unity of command
    • span of control
    • functional organizational structure
    • matrix organization structure
Summarizing Strategy:

TOD: What are 3 new things you learned today?

Observation; TOD

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