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© 2008 by Mahomet-Seymour Schools.
All Rights Reserved.
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Mahomet-Seymour Schools
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Curriculum
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Business Education - Orientation to
Business
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The learner will be able to explain the basic
economic problem.
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The learner will be able to describe several features
of the free enterprise system.
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The learner will be able to describe the three
economic roles and how they play a part in our economic system.
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The learner will be able to give an example of the
three economic resources needed to produce goods and services.
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The learner will be able to discuss the three ways to
measure our economic progress.
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The learner will be able to state the six steps in
the decision making process.
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The learner will be able to describe three
characteristics of our free enterprise system.
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The learner will be able to explain the effect competition
has on prices.
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The learner will be able to explain how GNP is used
as a measure of economic growth.
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The learner will be able to explain the four phases
of the business cycle.
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The learner will be able to describe the four basic
types of businesses.
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The learner will be able to cite the main features of
the various forms of business ownership.
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The learner will be able to give examples to
illustrate how the interdependence of nations makes world trade necessary.
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The learner will be able to describe the six kinds of
activities that are performed by most businesses.
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The learner will be able to describe two benefits
that come to a community as a result of a new or expanded business
activity.
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The learner will be able to explain the difference
between gross profit and net profit.
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The learner will be able to describe how tariffs,
quotas, and embargoes affect world trade.
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The learner will be able to state an advantage and a
problem associated with world trade.
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The learner will be able to list six services
provided by banks.
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The learner will be able to explain how to open and
maintain a checking account.
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The learner will be able to write an error-free
check.
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The learner will be able to reconcile a bank
statement.
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The learner will be able to name four means of
payment other than cash or personal checks and tell when each should be
used.
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The learner will be able to explain how banks earn
most of their income.
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The learner will be able to describe the procedure
for making a deposit.
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The learner will be able to state three purposes of
endorsements.
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The learner will be able to explain how a check is
cleared.
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The learner will be able to explain how payments are
made through electronic funds transfer.
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The learner will be able to explain why it is
important for individuals and families to develop money management goals.
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The learner will be able to name the two main parts
to a good financial plan.
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The learner will be able to list four factors that
affect a person's goals.
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The learner will be able to list the steps that
should be followed in preparing an individual's or family's budget.
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The learner will be able to keep record of income and
expenditures for an individual or a family.
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The learner will be able to explain why it is
difficult to compare prices of goods and services from one year to the
next.
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The learner will be able to explain why budgets must
be changed from time to time.
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The learner will be able to explain the difference
between fixed and variable expenses.
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The learner will be able to explain what credit is
and why it is important in our economy.
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The learner will be able to discuss the use of charge
accounts, credit cards, and installment loans and compare their use as
forms of credit.
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The learner will be able to explain why credit costs
and give several examples of the costs of credit.
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The learner will be able to tell why credit records
are important and how they are used.
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The learner will be able to give examples of ways in
which consumers can build and protect good credit records.
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The learner will be able to discuss at least two
sources of loans.
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The learner will be able to give at least three
examples of ways in which credit can be a disadvantage to a consumer.
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The learner will be able to contrast bank charge
cards and travel and entertainment charge cards with oil company charge
cards.
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The learner will be able to tell how installment
credit sales differ from charge account or credit card sales.
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The learner will be able to state the formula for
calculating simple interest.
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The learner will be able to tell what charges are
included in the finance charge for a loan or a credit account.
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The learner will be able to explain how the safety of
an investment affects the rate of return.
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The learner will be able to explain how interest
makes your savings grow.
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The learner will be able to explain how investors can
use savings plans to their advantage.
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The learner will be able to describe several kinds of
savings accounts that should be considered when investing.
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The learner will be able to give examples of how
stocks and bonds fit into a consumer's investment plan.
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The learner will be able to list several advantages
and disadvantages of real estate as an investment.
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The learner will be able to describe a liquid
investment.
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The learner will be able to give an illustration of
how investments help our economy.
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The learner will be able to explain how investing in
bonds is different from investing in stocks.
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