Teacher Trek

USS Biz Trek Extension Activities

Lesson Nine ­ Intergalactic Law

Vocabulary

Ethics

Social Responsibility

Sole Proprietorship

Partnership

Corporation

Non-profit

DBA

Venture Capital

Debt Financing

Equity Financing

Journal Assignment

Working as a team member on a class project is similar in many ways to being in a partnership. What are some of the advantages and disadvantages of working together? Which do you prefer and why?

Class Discussion

1. How have environmental factors affected a small business in your community?
2. Discuss the advantages and disadvantages of a sole proprietorship.
3. What are the differences between a sole proprietorship and a partnership?
4. How is starting a corporation different from starting a partnership?

Project

Create a visual display showing the advantages and disadvantages of sole proprietorships, partnerships, and corporations. As a class vote on the best idea and then put it on display for the school.

Back to Teacher Trek             Lesson 10

Revised: March 02, 2005.
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