Mr. Depute | Business Ed

Explain how to use the decision-making process to make the most of your resources.

Explain how profit and competition motivate businesses.

Describe the four factors of production.

Describe the three basic economic questions each country must answer in order to make decisions about using their resources.

Describe the four stages of the business cycle.

Describe the advantages and disadvantages of the three major forms of business organization.

Describe how cooperatives and nonprofits are alike and unlike corporations and franchises.

Describe the five functions of business and how they relate to each other.

Examine banking services and compare and contrast them.

Examine the functions of marketing.

Explain the components of the marketing mix.

Describe the types of advertising media used in marketing a product of service.

Design an appropriate media ad.

Evaluate the effectiveness of advertising.

Analyze the concepts of credit and its effect on the individual and the total economy.

Determine advantages and disadvantages of using credit.

Evaluate the best type of payment to use for different types of purchases. (e.g. cash, mortgage, installment loan, credit card).

Analyze the requirements and costs of obtaining credit.

Explain why budgeting is essential for consumers, businesses, and governments.

Identify proper procedures for managing a checking account.

Analyze and demonstrate how to reconcile a bank statement.

Analyze factors that affect the rate of return on a given savings or investment plan.

Evaluate bank investments opportunities, such as bonds, CD’s, and money market accounts.

Analyze the various forms of risk management.

Explain the various types of insurance and how each provides protection against possible losses.

Evaluate the major types of auto insurance and the basis of cost.

Evaluate the various types of life insurance policies and health insurance policies.

Apply formatting functions such as fonts, sizes, spell check, and grammar check.

Proofread and edit documents for accuracy, content and correct grammar.

Apply layout and insert functions including tabs, margins, hanging indents, word-wrap, columns, header/footers, and tables.

Demonstrate integration procedures to create merged documents.

Explain the purposes, functions, and common features of spreadsheet software.

Create, customize, and format charts and graphs.

Manipulate spreadsheet objects, including columns, rows, and sheets.

Explain the purposes, functions, and features of database software.

Demonstrate ability to apply functions such as query, sorting, navigating a database.

Analyze the personal advantages and risks of owning a business.

Compare and contrast the advantages and disadvantages of buying an existing business, starting a business, or purchasing a franchise.

Identify target markets for potential new businesses.

Determine the costs of starting a planned business.

Calculate the number of products to be sold to make a profit using break-even analysis.

Develop a vision and mission plan for a business.

Explain the importance of motivation, leadership, and trust to members of a team.

Describe the benefits and risks of international trade.

Define and give examples of franchising.

Compare and contrast the advantages and disadvantages of the various types of business ownership.

Develop a business plan for a business.

Define and give examples of opportunity costs of personal choice.

Define why scarcity requires individuals, governments, and societies to make choices.

Describe the characteristics of the different types of economies.

Explain the laws of supply and demand and equilibrium price.

Recognize how competition affects buyers and sellers.

Provide examples of how individuals pay for public goods and services through taxes and fees.

Identify fiscal policies used by the federal government to regulate the economy.

Give examples of how inflation and deflation affect purchasing power.

Compare and contrast the different stages of the business cycle.

Compare the advantages and disadvantages of using credit.

Explain credit rating and credit reports and describe why they are important to consumers.

Identify the types of insurance associated with different types of risk.

List the most common sources of law.

Determine how courts make law and explain the role of precedent in the legal system.

Define regulations and explain how administrative agencies create regulations.

Define alternate dispute resolutions (e.g. arbitration, mediation, conciliation).

List and explain steps in criminal and civil trials.

Determine several defenses against criminal acts (e.g.insanity or self defense).

Distinguish between a tort and a crime.

Differentiate between classes of contracts.

Explain how offer and acceptance can create contractual duties and rights.

Explain a minors rights to avoid a contract.

Define assets, liabilities, equity, revenue, expenses, gains and losses.

Describe the relationship between assets, liabilities, and equity on the balance sheet.

Identify the classifications in an income statement and explain their relationship to each other.

Record revenue and expense related transactions

Record accounts receivable and accounts payable related transactions.

Describe the purpose of journals and ledgers and their relationship to each other.

Apply the double-entry system of accounting to record business transactions and prepare a trial balance.

Prepare financial statements for different types of business operations and ownership.

Explain the need for adjusting entries and record adjusting entries.

Calculate net pay and prepare payroll reports.