**Lesson Plan: Partnership**
**Grade Level:** Senior Secondary 1
**Subject:** Commerce
**Duration:** 80 minutes
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**Learning Objectives:**
1. Understand the concept of a partnership in business.
2. Identify the key features of a partnership.
3. Distinguish between different types of partnerships.
4. Understand the advantages and disadvantages of a partnership.
5. Learn about the legal aspects of forming a partnership.
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**Materials Needed:**
1. Whiteboard and markers
2. Projector and computer for a PowerPoint presentation
3. Handouts on partnership definitions and examples
4. Case study materials
5. Classroom board game or simulation related to business partnerships
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**Lesson Outline:**
**Introduction (10 minutes):**
1. **Warm-Up Activity:** Start with a quick brainstorming session. Ask students to define what they think a partnership in business means. Write down key points on the whiteboard.
2. **State Objectives:** Explain the learning objectives for the lesson. Emphasize the importance of understanding partnerships in the context of commerce.
**Direct Instruction (20 minutes):**
1. **Definition and Key Features of a Partnership:** Use a PowerPoint presentation to cover the basic definition of a partnership. Highlight key features such as:
- Number of partners
- Shared profits and losses
- Joint decision-making
- Unlimited liability
2. **Types of Partnerships:**
- General Partnership
- Limited Partnership
- Limited Liability Partnership
3. **Legal Aspects:** Briefly discuss the legal requirements for forming a partnership. Mention partnership agreements and the importance of clear terms.
**Interactive Activity (20 minutes):**
1. **Class Discussion:** Break students into small groups and give each group a handout with a case study involving a partnership. Each group will read and discuss the case study, identifying key features, advantages, and disadvantages of the partnership described.
2. **Group Presentations:** Each group will present their findings to the class. Allow time for questions and additional discussion after each presentation.
**Application (20 minutes):**
1. **Simulation/Game:** Conduct a classroom simulation or board game that involves creating and managing a partnership. For example, you can use a game where students must decide how to distribute profits, handle disagreements, and manage financial responsibilities.
2. **Reflection:** After the activity, have a brief classroom discussion on the challenges and benefits they encountered during the simulation.
**Conclusion (10 minutes):**
1. **Recap:** Summarize the key points covered in the lesson.
- Definition and features of partnerships
- Types of partnerships
- Advantages and disadvantages
- Legal aspects
2. **Q & A:** Open the floor for any questions or clarifications.
3. **Assessment:** Assign a brief homework task where students need to write a one-page summary of what they learned about partnerships, including an example of a real-world partnership, its type, and why it might have been formed.
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**Assessment:**
- Participation in class discussions and activities
- Group presentation on the case study
- Homework summary paper
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**Homework:**
Write a one-page summary of what you have learned about partnerships. Include an example of a real-world partnership, identify its type, and explain why you think this kind of partnership was chosen for that business (Due: Next class session).
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**Optional Extension Activity:**
Research a famous business partnership (e.g., Ben & Jerry, Google founders) and prepare a short presentation on its history, type, and how it contributed to the business's success.
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This lesson plan should provide a comprehensive and engaging approach to teaching the concept of partnerships in commerce to Senior Secondary 1 students.