Fundamentals of Accounting, Business,

and Management 1

Forms of Business
Organization
Lesson 4
Learning Objectives
1. Identify the forms of business
organization by nature of ownership
2. Give Examples of businesses in their
respective communities and identify the
forms
3. identify the advantages and
disadvantages of the forms of business
  Sole/Single Proprietorship - business is
Forms/Types owned by one or single person; profit is
of Business solely owned
Ownership
 Partnership - business is owned by two or
Sole/Single
more persons; profit is shared among
Proprietorship partners
Partnership
 Corporation - business organized as a
separate legal entity (artificial person);
Corporation ownership is divided into shares of stocks
 A duly registered association of
persons with a common bond of
interest, voluntarily joining together
Cooperatives to achieve their social, economic and
cultural needs
 Learning Objectives:
1. Review the types of business according to
Lesson 5: activities
Types of 2. Describe a service entity and give examples
Business 3. Describe a merchandising entity and give
According to examples
Activities 4. Describe a manufacturing entity and give
examples
Types of
Business
According to
Activities
 With the same Groupings, please take note of your group
assignments:
Team/Group 1 - Sole/Single Proprietorship
Team 2/Group 2 - Partnership
Team 3/Group 3 - Corporation
Tasks:
Asynchronous 1. List down at least three (3) business in your locality or in the
Activity country.
2. For every business, identify the business activities, products, or
services offered by each business/organization
3. If possible, identify the owners of every business listed or the
profile of the business.
4. Submit the output next meeting, in powerpoint (including the
list of assigned tasks or participation of each of the group
members)