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© 2008 by Mahomet-Seymour Schools.
All Rights Reserved.


 

Mahomet-Seymour Schools

 Curriculum

Business Education - Orientation to Business

 

Economic System

 

The learner will be able to explain the basic economic problem.

 

  

 

The learner will be able to describe several features of the free enterprise system.

 

  

 

The learner will be able to describe the three economic roles and how they play a part in our economic system.

 

  

 

The learner will be able to give an example of the three economic resources needed to produce goods and services.

 

  

 

The learner will be able to discuss the three ways to measure our economic progress.

 

  

 

The learner will be able to state the six steps in the decision making process.

 

  

 

The learner will be able to describe three characteristics of our free enterprise system.

 

  

 

The learner will be able to explain the effect competition has on prices.

 

  

 

The learner will be able to explain how GNP is used as a measure of economic growth.

 

  

 

The learner will be able to explain the four phases of the business cycle.

 

  

 

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Forming Business

 

The learner will be able to describe the four basic types of businesses.

 

  

 

The learner will be able to cite the main features of the various forms of business ownership.

 

  

 

The learner will be able to give examples to illustrate how the interdependence of nations makes world trade necessary.

 

  

 

The learner will be able to describe the six kinds of activities that are performed by most businesses.

 

  

 

The learner will be able to describe two benefits that come to a community as a result of a new or expanded business activity.

 

  

 

The learner will be able to explain the difference between gross profit and net profit.

 

  

 

The learner will be able to describe how tariffs, quotas, and embargoes affect world trade.

 

  

 

The learner will be able to state an advantage and a problem associated with world trade.

 

  

 

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Using Banking

 

The learner will be able to list six services provided by banks.

 

  

 

The learner will be able to explain how to open and maintain a checking account.

 

  

 

The learner will be able to write an error-free check.

 

  

 

The learner will be able to reconcile a bank statement.

 

  

 

The learner will be able to name four means of payment other than cash or personal checks and tell when each should be used.

 

  

 

The learner will be able to explain how banks earn most of their income.

 

  

 

The learner will be able to describe the procedure for making a deposit.

 

  

 

The learner will be able to state three purposes of endorsements.

 

  

 

The learner will be able to explain how a check is cleared.

 

  

 

The learner will be able to explain how payments are made through electronic funds transfer.

 

  

 

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Managing Money

 

The learner will be able to explain why it is important for individuals and families to develop money management goals.

 

  

 

The learner will be able to name the two main parts to a good financial plan.

 

  

 

The learner will be able to list four factors that affect a person's goals.

 

  

 

The learner will be able to list the steps that should be followed in preparing an individual's or family's budget.

 

  

 

The learner will be able to keep record of income and expenditures for an individual or a family.

 

  

 

The learner will be able to explain why it is difficult to compare prices of goods and services from one year to the next.

 

  

 

The learner will be able to explain why budgets must be changed from time to time.

 

  

 

The learner will be able to explain the difference between fixed and variable expenses.

 

  

 

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Credit

 

The learner will be able to explain what credit is and why it is important in our economy.

 

  

 

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.

 

  

 

The learner will be able to explain why credit costs and give several examples of the costs of credit.

 

  

 

The learner will be able to tell why credit records are important and how they are used.

 

  

 

The learner will be able to give examples of ways in which consumers can build and protect good credit records.

 

  

 

The learner will be able to discuss at least two sources of loans.

 

  

 

The learner will be able to give at least three examples of ways in which credit can be a disadvantage to a consumer.

 

  

 

The learner will be able to contrast bank charge cards and travel and entertainment charge cards with oil company charge cards.

 

  

 

The learner will be able to tell how installment credit sales differ from charge account or credit card sales.

 

  

 

The learner will be able to state the formula for calculating simple interest.

 

  

 

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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Savings and Investments

 

The learner will be able to explain how the safety of an investment affects the rate of return.

 

  

 

The learner will be able to explain how interest makes your savings grow.

 

  

 

The learner will be able to explain how investors can use savings plans to their advantage.

 

  

 

The learner will be able to describe several kinds of savings accounts that should be considered when investing.

 

  

 

The learner will be able to give examples of how stocks and bonds fit into a consumer's investment plan.

 

  

 

The learner will be able to list several advantages and disadvantages of real estate as an investment.

 

  

 

The learner will be able to describe a liquid investment.

 

  

 

The learner will be able to give an illustration of how investments help our economy.

 

  

 

The learner will be able to explain how investing in bonds is different from investing in stocks.

 

  

 

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