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I. OBJECTIVES:
At the end of the lesson, students are expected to:
a.) Identify the basic patterns of business ownership: Sole Proprietorship, Partnership and
Corporation.
b.) Differentiate Sole Proprietorship from Partnership; Corporation from Cooperative.
c.) Explain the importance of having a business.
II. SUBJECT-MATTER:
Topic: Patterns of Business Ownership: Sole Proprietorship and Partnership
References: Technology and Livelihood Education III, pgs. 374 – 376 Basic Accounting 12th
Edition, pg. 10 Partnership and Corporation Accounting 11th Edition, pgs. 1-2 – 1-17Authors:
Rita de los Santos, et al… Win Ballada and Susan Ballada
Materials: illustration board, paint, cartolina, glue, art materials, scissors, pictures, Manila
paper
III. PROCEDURE
1. What pattern of business ownership has the powers, attributes, and properties expressly
authorized by law or incident to its existence?
a. Partnership b. Corporation c. Sole Proprietorship d. Cooperative
V. ASSIGNMENT
Give the advantages and disadvantages of the different patterns of business ownership.