Student Learning Map

  • Topic:The Corporate World
  • Subject(s):Social Studies
  • Days:10
  • Grade(s):12
Key Learning: Businesses can be organized in various ways.
Unit Essential Question(s):
 
 
1. What are the differnet types of business organizations? 2. How does competition effect what is produced in the marketplace? 3. What policies does the government have regarding competition?
   
Concept: Business organizations
Concept: The World of Corporations and Franchises
Concept: Government Policies and Practices Toward Competiton
Lesson Essential Question(s):

What four elements are involved in every business? (A)

What are the advantages and disadvantages of a sole proprietorship, partnership, and corporation? (A)

Lesson Essential Question(s):

What are the advantages and disadvantages of a sole proprietorship, partnership, and corporation? (ET)

What is the typical structure of a corporation? (A)

What are the advantages and disadvantages of corporations? (ET)

Lesson Essential Question(s):

What are the five conditions of perfect competition? (A)

Explain the differneces between a monopoly and an oligopoly? (ET)

Explain why certain types of businesses are commonly involved in franchises. (ET)

How has the U.S. government tried to encourage competition in the economy? (ET)

Additional Info:

Textbook: Economics Today and Tomorrow, chapters 8 and 9 as well as related ancillary materials

Resources:

Vocabulary Report

  • entrepreneur -
  • stock -
  • perfect competition -
  • limited liability -
  • monopoly -
  • inventory -
  • oligopoly -
  • articles of incorporation -
  • receipts -
  • corporate charter -
  • sole proprietorship -
  • barriers to entry -
  • economies of scale -
  • common stock -
  • unlimited liability -
  • patent -
  • preferred stock -
  • assets -
  • copyright -
  • dividend -
  • partnership -
  • franchise -
  • product differnentiation -
  • limited partnership -
  • joint venture -
  • cartel -
  • corporation -
  • monopolistic competition -
  • antitrust legislation -
  • merger -
  • conglomerate -
  • deregulation -