Time Period Standards Essential Question Concept/Content Skills Core Activities Assessment

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1 DEPARTMENT: LYNDHURST HIGH SCHOOL BUSINESS & TECHNOLOGY Page 1 of 24 Economic Issues Affecting Business (7 Sessions) A A A B B A B C D E F F5 What is Business? Profit versus Nonprofit organizations What are the fundamental Wants versus Needs economic concepts of business? Private Enterprise System What are the foundations of the Private Enterprise System? What is the role of competition in the marketplace? How do other economic systems compare to that of the United States? What are the contemporary challenges faced by United States businesses? Supply and Demand and it s impact on Competition Communism Socialism Mixed Economies Contemporary Issues Define fundamental business concepts including goods, services, profit, needs, wants. Identify the four factors of production. Describe the Private Enterprise System. Explain the economic role and forms of competition in business Correlate the concepts of supply and demand to competition in the marketplace. Compare and contrast other economic systems to that of the United States. Identify the major challenges facing today s businesses. Identify and classify businesses in the local community. Explore fundamental economic principles by participating in the Lemonade Stand simulation. Take a single product and analyze the factors of production that produced it in a poster. Create 4 teams. Assign each team a form of economic system to research. Students will discuss theory behind the system, advantages and disadvantages, and countries that utilize that system. Results given in a PowerPoint presentation. Break the class in groups. Supply three groups with a substantial supply of similar items; provide one group with a limited supply of another item. All teams must negotiate and barter so that each group ends up with all items. Reinforce the principles of Teacher prepared exams and quizzes. In-class projects and activities. Wall Street journal readings and activities. Current Events. Lemonade Stand project. Money Skill Business Modules Warm-Up Student Activities Workbook Chapters 1-2 Glencoe Introduction to Business: Ch.1-2 Glencoe Intro to Business Student Activities Workbook Ch.1-2 MoneySkill.org Wall Street Journal in the Classroom Lemonade Stand Simulation

2 DEPARTMENT: LYNDHURST HIGH SCHOOL BUSINESS & TECHNOLOGY Page 2 of 24 supply and demand and market competition. Unit Terminology: Business; Profit; Nonprofit Organization; Private Enterprise System; Capitalism; Competition; Entrepreneurs; Factors of Production; Rights; Pure Competition; Monopolistic Competition; Oligopoly; Monopoly; Karl Marx; Privatization; Globalization; Strategic Alliance; Quality; Technology; Outsourcing; Employee Empowerment; Scarcity; Supply and Demand; Business Cycle

3 DEPARTMENT: LYNDHURST HIGH SCHOOL BUSINESS & TECHNOLOGY Page 3 of 24 International Business (7 Sessions) A A A B B B A A A A A B B B B B B A A B B B B C C A A B C E F F5 What is International Business? What are the difficulties of entering a foreign market? Why has the world become a global economy? What are the global economic organizations and initiatives? How do we measure economic performance? How has/is U.S. business changed/changing as a result of globalization? Imports and Exports Levels of International Involvement Obstacles to International Business Multinational Economic Organizations Measuring Economic Performance Specialization and Global Competition Ethics, tradition, and culture in foreign markets. Select a country and Explain and interpret basic create a visual and writeup economic indicators. of research findings including: Define basic terms associated with international trade. Major imports and exports Geographic location Political Ideology Explain how changes in Comparative exchange rates impact the Economic Indicators purchasing power. Currency and Exchange Rates Evaluate international Trade Agreements trade principles and Affiliations with policies. Economic Organizations Analyze labor and Labor Statistics and environmental issues Workforce raised by economic Composition globalization. Evaluate the activities and impact of major international institutions. Compare and contrast protectionism and freetrade. Describe various customs and traditions of foreign countries. Traditions customs and business practices DECA Style Role Plays International Research Project Teacher prepared exams and quizzes. In-class projects and activities. Wall Street journal readings and activities. Current Events. Money Skill Business Modules Warm-Up Student Activities Workbook Chapters 3 & 10 Glencoe Introduction to Business: Ch.3 & 10 Glencoe Intro to Business Student Activities Workbook Ch.3 & 10 MoneySkill.org Wall Street Journal in the Classroom DECA Role Plays Unit Terminology: GDP; Standard of Living; Inflation; Deflation; Budget Deficit; National Debt; Budget Surplus; Multinational Corporation; Balance of Trade; Exchange Rate; Comparative Advantage; Specialization; Protectionism; Quota; Embargo; Free Trade; NAFTA; EU; ASEAN; Imports; Exports; Tariffs; GATT; World Bank; International Monetary Fund; and World Trade Organization

4 DEPARTMENT: LYNDHURST HIGH SCHOOL BUSINESS & TECHNOLOGY Page 4 of 24 Government and Business (6 Sessions) A A A A B B B B B A A A A B B B B C A B B B C C C A A A B C D D D E E8 What is the government s role in business? How does government balance the needs of business with the needs of consumers? How does the government protect outside interests such as the environment? How is government funded to support its role? Government Regulations regarding Competition. Government Agencies. Government Protection for: Business, Creative Properties, Production. The Role of Government As Provider: Goods and Services, Supporting Business. Government Funding including Incentives. Government Resource Allocation. Identify government regulations designed to promote fair competition in the marketplace. Explain the role of various government agencies and their impact on business and society. Discuss the methods by which the government can promote or restrict economic activity. Compare and contrast the roles of Federal, State, and Local governments in business regulation. Explain the relationship between political parties and taxation policies. Identify the government s role in workforce development. Discuss the various forms of social services provided by the government. Pair students up and assign a regulation regarding competition or business-related government agency. Have students research the association or regulation and prepare a 5-minute presentation on their findings. Create an Excel worksheet identifying the role the government plays in competition, business agreements, copyright, and production. Students will add a section to their business plan identifying how the government will impact the functioning of their proposed business. DECA Style Role Plays Teacher prepared exams and quizzes. In-class projects and activities. Wall Street journal readings and activities. Current Events. Money Skill Business Modules Warm-Up Student Activities Workbook Chapter 11 Business Plan Government Regulation Section Glencoe Introduction to Business: Ch.11 Glencoe Intro to Business Student Activities Workbook Ch.11 MoneySkill.org Wall Street Journal in the Classroom DECA Role Plays

5 DEPARTMENT: LYNDHURST HIGH SCHOOL BUSINESS & TECHNOLOGY Page 5 of F F F F F6 Unit Terminology: Sherman Antitrust Act; Clayton Act; Federal Trade Commission; Environmental Protection Agency; Equal Employment Opportunity Commission; Federal Communications Commission; Interstate Commerce Commission; Monopoly; Oligopoly; Contracts; Copyright; Patent; Trademark; Revenue; Privatization; Tax Incentives; Welfare; Social Security; and Medicare;

6 DEPARTMENT: LYNDHURST HIGH SCHOOL BUSINESS & TECHNOLOGY Page 6 of 24 Forms of Business Ownership (7 Sessions) A A A A B B B B B A A A A B B B B B B B C C A A A A B B B C C C A A B2 What are the primary forms of business ownership? What are the five principle types of contemporary business? What are the six general functions of business? How do all elements in a business unit interact together to achieve a common goal? Forms of Business Ownership. Types of Businesses Functions of Business Relationship between each element List and identify the pros and cons of the primary forms of business ownership. Compare and contrast the various types of businesses including: Producers Processors Manufacturers Retailers Wholesalers Identify and describe the fundamental functions of business including: Production Marketing Management Finance Accounting Information Tech. Explain the relationship between functioning units and the whole company. Apply ownership and type of business principles to realworld application. Business Plan Project: Select the primary form of business ownership for their proposed business venture, and justify the rational for their selection Select the primary type of business for the proposed venture. Identify who the primary customers would be in this type of business. Create five teams assign each team a form of business ownership (sole proprietorship, partnership, corporation, non-profit, franchise). Each team will prepare for a debate to support their form of ownership as the best way to go for a newly established company. Create a poster of the various types of businesses. Select a realworld business that fits in each category and explain why. Include pictures of the actual businesses. Field Trip to a Franchise to learn about differences in the running of the Teacher prepared exams and quizzes. In-class projects and activities. Wall Street journal readings and activities. Current Events. Money Skill Business Modules Warm-Up Student Activities Workbook Chapter 6 Business Plan Form of Business Ownership and Type of Business. Glencoe Introduction to Business: Ch.6 Glencoe Intro to Business Student Activities Workbook Ch.6 MoneySkill.org Wall Street Journal in the Classroom

7 DEPARTMENT: LYNDHURST HIGH SCHOOL BUSINESS & TECHNOLOGY Page 7 of F F5 business environment. Unit Terminology: Sole Proprietorship; Partnership; General Partnership; Limited Partnership; Corporation; Closed Corporation; Open Corporation; Unlimited Liability; Limited Liability; Cooperative; Non-Profit Organization; Franchise; Franchiser; Franchisee; Producer; Processor ; Manufacturer; Retailer; Wholesaler; Intermediary; Production; Procurement; Marketing; Management; Finance; Accounting

8 DEPARTMENT: LYNDHURST HIGH SCHOOL BUSINESS & TECHNOLOGY Page 8 of 24 Small Business A4 and B3 Entrepreneurship B4 (7 Sessions) B A A A B B B B B A A A A A B B B B C C C C A B B D E F F5 What is Entrepreneurship? Why would someone start their own business? What is the process of writing a business plan? Why is a mission and vision significant to a company s direction? Characteristics of successful entrepreneurs. Risks associated with Entrepreneurship. Rewards of Entrepreneurship. Elements of the Business Plan. The Mission and Vision of an organization. Define entrepreneur and entrepreneurship List at least five rewards of being an entrepreneur Identify at least four challenges of being an entrepreneur Discuss why entrepreneurs are important to the American economy Describe how to prepare for your own business Discuss the parts of a business plan Business Plan Projects: Review the various components of a Business Plan and review and modify the Business Ownership / Type and Government Regulation Sections of the Plan. Business Plan Projects: Students will create their mission statements and vision statements for their proposed businesses. Students will take an online personal interest inventory. Based on the results they will analyze their potential for becoming an Entrepreneur along the 12 characteristics of successful entrepreneurs. Guest speaker on Entrepreneurship. DECA Style Role Plays Teacher prepared exams and quizzes. In-class projects and activities. Wall Street journal readings and activities. Current Events. Money Skill Business Modules Warm-Up Student Activities Workbook Chapter 5 Business Plan: * Update of Business Ownership and Type of Business. * Update Government Regulation Section. * Create and publish mission statement and vision statement. Glencoe Introduction to Business: Ch.5 Glencoe Intro to Business Student Activities Workbook Ch.5 MoneySkill.org Wall Street Journal in the Classroom DECA Role Plays Unit Terminology: Business Plan; Executive Summary; Vision Statement; Mission Statement; Small Business; Virtual Business; Entrepreneurship

9 DEPARTMENT: LYNDHURST HIGH SCHOOL BUSINESS & TECHNOLOGY Page 9 of 24 The Management Process and Business Ethics (6 Sessions) A A B B B A A A B B B B B A A A A A A B B B B C C C A B B C C D D D F4 What is Management? What are the characteristics of an effective manager? Why do companies develop managerial structures within the organization? What is Business Ethics and why is ethical behavior good for business? What is social responsibility and why is this important to business success? Management Functions Management Structures Leadership Qualities Leadership Styles Business Ethics Social Responsibility Students will be posed Teacher prepared exams Describe the overall purpose of management. with the problem of throwing a pizza party at lunch the next day. and quizzes. In-class projects and Discuss the four functions of management. Students will work as a team to solve the problem and arrange the minievent. activities. Wall Street journal Follow-up will readings and activities. Identify the differences between involve listing the tasks management performed and classifying Current Events. structures. into the managerial Name six skills function of Planning, Money Skill Business necessary for Organizing, Leading, and Modules Warm-Up effective Controlling. This activity management. ties into the Managerial Student Activities Define leadership. Decision Making process. Workbook Chapter 7, 8, Describe the qualities and 4 of a leader. Business Plan Project Name at least three Students will create an Business Plan: ways in which an organizational chart for Organizational Chart individual can develop their proposed business Management Plan leadership skills. ventures in PowerPoint and link this to their Identify and describe Managerial Plan in Word. the autocratic, democratic, and freereign leadership styles. Describe the selfmanaged team approach and the two ways in which such an approach is organized. Define ethics and business ethics. Ethical Analysis in Business: Students will be posed with an ethically / potentially legal issue that must be solved. Students will think of alternatives, select the most appropriate path, and justify their decisions from an ethical standpoint. Glencoe Introduction to Business: Ch.7, 8, and 4 Glencoe Intro to Business Student Activities Workbook Ch. 7, 8, and 4. MoneySkill.org Wall Street Journal in the Classroom DECA Role Plays

10 DEPARTMENT: LYNDHURST HIGH SCHOOL BUSINESS & TECHNOLOGY Page 10 of F5 Describe why ethical behavior is good for business. List the steps for dealing with an ethical dilemma. Define what is meant by the social responsibility of business. DECA Style Role Plays The Stock Holder Debate. Students will assume the role of managers in a corporation who are about to speak before the Stock Holders at an annual shareholder meeting. Each team of students will be presented with a conflict dealing with Social Responsibility to one of the four groups (Consumers, Employees, Society, or Creditors and Owners). Students must explain to the stock holders why the socially responsible decision is the correct decision. Students who are not participating in the presentation will vote as a stock holder as to whether or not the managers convinced them to be socially responsible. Unit Terminology: Management; Planning; Organizing; Organizational Chart; Top-Level Manager; Middle Manager; Operational Manager; Leading; Controlling; Line Authority; Line and Staff Authority; Centralized Organization; Decentralized Organization; Departmentalization; Entry-Level Job; Leadership; Initiative; Human Relations; Integrity; Autocratic Leadership; Democratic Leadership; Free-Reign Leadership; Delegating; Self-Managed Teams; Ethics; Business Ethics; Sweatshop; Code of Ethics; Conflict of Interest; Social Responsibility

11 DEPARTMENT: LYNDHURST HIGH SCHOOL BUSINESS & TECHNOLOGY Page 11 of 24 Human Resource Management (8 Sessions) A A B B B B A A A A A B B B B B B B B A A A A B B B B C C C C A A B B C1 What is Human Resource Management? What are the steps in acquiring the appropriate people to staff an organization? How does a company attract and maintain high quality employees? What is the manager s role in providing continuing training and development of employees? How does a manager assess the quality of their employees? What is a union and how do they work? What is the effect of culture in a global business environment? How do company cultures differ? How has cultural Human Resources. The Hiring Process. Compensation Systems. Benefits Packages. Training and Development. Performance Appraisal. Labor Relations and Negotiations. Cultural Diversity. Company Culture. Culture and the Global Business Environment. Laws and Regulations designed to protect employee rights. Business Plan Activities: Identify employment planning. Read and analyze various job descriptions, then Perform a job analysis students will compose a Explain the concepts job description for a of recruitment, human resource manager section, and for their business plan orientation. projects. Analyze a company s compensation system and benefits package. Identify responsibilities of the human resource manager after employees have been hired. List ways in which companies provide training and development for employees. List the major unions in American Business. of conflicts, and reporting policies within their Discuss the pros and organization. cons of union membership. Describe the effect of culture on conducting business in markets. Explain how a company forms a corporate culture. Identify ways in which cultural diversity has impacted business. Students will develop the compensation and benefits packages for their employees. Students will develop an assessment rubric for evaluating all employees within their organization. Students will develop a diversity awareness plan that will address issues such as training, handling DECA Style Role Plays Teacher prepared exams and quizzes. In-class projects and activities. Wall Street journal readings and activities. Current Events. Money Skill Business Modules Warm-Up Student Activities DECA Role Play Workbook Chapter 15 and 16 Business Plan: Job Description Compensation/Benefits Employee Assessment Diversity Awareness Plan Glencoe Introduction to Business: Ch.15 and 16 Glencoe Intro to Business Student Activities Workbook Ch. 15 and 16 MoneySkill.org Wall Street Journal in the Classroom

12 DEPARTMENT: LYNDHURST HIGH SCHOOL BUSINESS & TECHNOLOGY Page 12 of C D D D D4 diversity changed the business environment? Discuss the rights and responsibilities an employee has under the law within a company. Human Resource Management (cont.) D E F F F F F5 What are the laws and regulations regarding hiring, termination, and discipline of employees. Identify legal issues associated with the hiring of employees. Unit Terminology: Planning, Job Analysis, Recruitment, Selection, Orientation, Compensation System, Benefits, Training, Development, Performance Appraisal, Labor Union, AFL-CIO, Collective Bargaining, Good Faith, On-the-Job Training, Promotion, Transfer, Turnover, Separation, Background Check, Culture, Business Etiquette, Diversity, Stereotype, Discrimination, Bureaucracy, Whistle Blowing, Americans with Disabilities Act, Glass Ceiling, Affirmative Action, OSHA, and Ageism

13 DEPARTMENT: LYNDHURST HIGH SCHOOL BUSINESS & TECHNOLOGY Page 13 of 24 Production and Operations (6 Sessions) A A A A A A B B B B B A A A A B B B B B B A A A B B B B B C C C A A A A A5 What is operation s role and function in business? How does the production process impact a companies output and profit? Operation Management Activities. Product Development Constraints. Production and Operations in a Service Business. Impact of Operations on other Business Functions. Technology in Operations and Production Management. Explain activities that make up the operations management function (i.e., purchasing, inventory control, quality control, storage, logistics, and evaluations). Discuss the impact of a business s product on operations management. Describe how operations management principles apply to service businesses. Explain the impact of operations management on other business functions. Discuss the impact of technology on operations management. Students will explore the production process by working as members of a team in a singleproduction versus assembly line format to make cookies. Students will analyze and discuss the importance of efficiency in the production process and its net goal in improving profits to the firm. DECA Style Role Plays Business Plan: Analyze the physical requirements needed to produce their product and/or service. Research and discuss any laws or regulations in regard to the production of the product in terms of quality standards and safety. Field trip to visit a production plant and observe daily activity firsthand. Teacher prepared exams and quizzes. In-class projects and activities. Wall Street journal readings and activities. Current Events. Money Skill Business Modules Warm-Up Business Plan: Description of Physical Plant Production Laws and Regulations Reflection log on cookie production activity. MoneySkill.org Wall Street Journal in the Classroom Principles of Business Course Guide Dante s DSST Program Intro. To Business DECA Role Plays

14 DEPARTMENT: LYNDHURST HIGH SCHOOL BUSINESS & TECHNOLOGY Page 14 of B B B B5 Production and Operations (cont.) C C C C4 Unit Terminology: Purchasing, Inventory Control, Quality Control, Storage, Logistics, Time Management Studies, The Hawthorne Effect, and Research and Development.

15 DEPARTMENT: LYNDHURST HIGH SCHOOL BUSINESS & TECHNOLOGY Page 15 of 24 Marketing Management (7 Sessions) A A A B B B B A A A A A A B B B B B A A A B B B B B C C C A A A A B B B4 What is Marketing? What are the Functions of Marketing functions of marketing and the elements of Marketing Mix the marketing mix? Market Research What is Market Research and how is Product Development it utilized? Pricing How are products developed? Distribution What is Advertising? How do we promote a product and/or service? How do we measure the effectiveness of an advertising campaign? Basics of Marketing Types of Advertising Media Media Measurement and Rates Define Marketing Identify the functions of marketing List the elements of the marketing mix. Describe the kinds of market research a company may use. Identify the steps in developing a new product. Define advertising. List the types of media that businesses use to reach potential customers. List the components of media measurement. Identify how advertising costs are measured. Describe how media rates are determined. Business Plan Project: Develop the marketing plan for the firm including: product description, pricing strategy, distribution plan, and promotional campaign. Students will conduct a mini-market research study of students in the high school. Students will write their survey questions, conduct the survey, and tabulate the results in the form of charts. DECA Style Role Plays Teacher prepared exams and quizzes. In-class projects and activities. Wall Street journal readings and activities. Current Events. Money Skill Business Modules Warm-Up Student Activities Workbook Chapter 13 and 14 Business Plan: Marketing Plan Survey Project Glencoe Introduction to Business: Ch.13 and 14 Glencoe Intro to Business Student Activities Workbook Ch. 13 and 14 MoneySkill.org Wall Street Journal in the Classroom DECA Role Plays

16 DEPARTMENT: LYNDHURST HIGH SCHOOL BUSINESS & TECHNOLOGY Page 16 of 24 Marketing Management (cont.) B C C C A A A A A B B C C D D D E E E E F F F6 Unit Terminology: Marketing, Marketing Concept, Market Strategy, Target Market, Total Market Approach, Market Segment Approach, Marketing Mix, Product, Product Line, Product Mix, Price, Distribution, Marketing Channel, Wholesaler, Physical Distribution, Promotion, Advertising, Personal Selling, Sales Promotion, Publicity, Promotional Mix, Infomercial, Direct Mail, Ad Campaign, Advertising Agency, and Webcast

17 DEPARTMENT: LYNDHURST HIGH SCHOOL BUSINESS & TECHNOLOGY Page 17 of 24 Financial Management (7 Sessions) A A A A B B B A A A A A B B B B B B B A A A A B B B B C C C A A A A B C1 What are the functions and characteristics of money? What are the functions of a bank? How does the Federal Purpose of a Financial Reserve System Plan. work? Budgets. What are the reasons for creating a financial Setting Investment Goals plan? Issuing Bonds. What is a budget and how is it used? What goals should you set before making investments? What are characteristics of Bonds? What are the difference between federal, municipal government, and corporate bonds? What are the advantages and disadvantages of issuing bonds? Purpose of Money Functions of Banks Financial Institutions Federal Reserve System Types of Bonds and Securities. Advantages and Disadvantages of Issuing Bonds. Issuing Stocks. Types of Stocks and Markets. Advantages and Disadvantages of Issuing Stock Describe the functions and characteristics of money. Discuss three main functions of a bank. Compare and contrast three types of banks found in our economy. Explain the major functions of the Federal Reserve System in the U.S. Economy. Identify the six reasons for creating a financial plan. Explain what a budget their short-term and longterm financial plan is and how it is used. Discuss two goals to including goals and set before you start objectives and how they making investments. plan to financially obtain them. Name five characteristics of bonds. Differentiate between types of bonds. Describe the advantages and disadvantages of issuing bonds. Discuss stocks and their markets. Identify the advantages and disadvantages of Field trip to Federal Reserve. Mock Federal Reserve What should we do activity and present a PowerPoint as to what the Fed should do and why. Based on stock market fluctuations, analyze what had transpired in the business environment that caused the fluctuation? Business Plan Project: Students will describe Develop the overall corporate budget for their company, by department. Teacher prepared exams and quizzes. In-class projects and activities. Wall Street journal readings and activities. Current Events. Money Skill Business Modules Warm-Up Student Activities Workbook Chapter 12, 17.1, and 31 Business Plan: Marketing Plan Survey Project Glencoe Introduction to Business: Ch.12, 17.1 and 31 Glencoe Intro to Business Student Activities Workbook Ch. 12, 17.1 and 31 MoneySkill.org Wall Street Journal in the Classroom DECA Role Plays

18 DEPARTMENT: LYNDHURST HIGH SCHOOL BUSINESS & TECHNOLOGY Page 18 of 24 Financial Management (cont.) C D D D D5 What is the stock market? issuing stocks E E E F F5 What are the advantages and disadvantages of issuing stock? Unit Terminology: Money, Federal Reserve System, Bank Reserve Requirement, Discount Rate, Commercial Bank, State Bank, National Bank, Thrift Institutions, Credit Unions, Non- Deposit Institutions, Short-Term Financing, Long-Term Financing, Securities, Primary Market, Secondary Market, Over-the-Counter Market, Bonds, Securities and Exchange Commission, Monetary System, Collateral, Brokerage Firms, Common Stock, Preferred Stock, Stock Broker, Capital Gain, Capital Loss, and Dividends

19 DEPARTMENT: LYNDHURST HIGH SCHOOL BUSINESS & TECHNOLOGY Page 19 of 24 Risk A4 Management and A9 Insurance B1 (7 Sessions) B B A A A B B B B B B A A C C C A A A B B B B C C A A B B C D D D4 What is risk? What is risk management? What are the different types of risk? Risk Management Types of Risk Handling Risk Insurance Protection How can businesses Safety in the Workplace manage or reduce the amount of risk? Discuss risk and risk management. Identify careers in risk and safety management. Describe different types of risk including: pure, economic, human, and natural. Compare and contrast pure and speculative risks. Explain the concept of strategy to the overall indemnity. success of their business. Describe four ways that individuals and businesses can handle risk including: avoidance, reduction, retention, and transfer. List types of insurance protection. Identify and discuss common workplace hazards and perils. Discuss the role of government agencies in reducing risk to consumers and employees. Business Plan Projects Risk Management Plan Based on your business create a list of 5 Speculative and 5 Pure Risks that their company will face. They will than research to find various types of insurance to shift the risk out of their company. Students will explain the importance of their risk management Identify the hazard activity: Students will be presented with some visual scenes of workers in the workplace and will need to identify the common perils and hazards that exist. Next students will research who is responsible for the risk, and what actions should be taken to manage it. Students will research the role of the consumer product safety commission, the division of consumer affairs, OSHA, and other government organizations designed to promote the Teacher prepared exams and quizzes. In-class projects and activities. Wall Street journal readings and activities. Current Events. Money Skill Business Modules Warm-Up Student Activities Workbook Chapter 33 Business Plan: Risk Management Plan Glencoe Introduction to Business: Ch.33 Glencoe Intro to Business Student Activities Workbook Ch. 33 MoneySkill.org Wall Street Journal in the Classroom DECA Role Plays

20 DEPARTMENT: LYNDHURST HIGH SCHOOL BUSINESS & TECHNOLOGY Page 20 of D5 Risk F1 Management and F2 Insurance F3 (cont.) F4 health and safety of workers and consumers F F6 Unit Terminology: Risk; Speculative Risk; Pure Risk; Risk Management; Risk Reduction; Human Risk; Principle of Indemnity; Fidelity Bonds; Marine or Transportation Insurance; Business Interruption Insurance; Premium; Peril; and Hazard

21 DEPARTMENT: LYNDHURST HIGH SCHOOL BUSINESS & TECHNOLOGY Page 21 of 24 Management Information Systems and Accounting (10 Sessions) A A A A B B B A A A A A B B B B B B B B A A A B B C C A A A A B B B B C1 How has technological innovations impacted business? What impact does technology have on future career opportunities? What is the role of information technology in business? How have daily activities in the workplace changed as a result of technology? What is Accounting? How do we measure the value of a company? How can we insure that a company s financial transactions are accurate? How and why do companies report their financial standing? History of Technology How Technology Influences Business Technology and the E- Workforce The Role of Information Technology How Information Technology is used in the Workplace Careers in Information Technology. Accounting for Business Property Ownership and Control The Accounting Equation Financial Statements Describe how technological innovations have had an effect on business. Give examples of how technology has changed career opportunities. Describe the role of information technology in business. Identify ways that information technology has changed the workplace. Explain the purpose of accounting. Describe how property rights are measured. Define the three components of the accounting equation. Describe the three main financial statements used by businesses. Business Plan Project Internet Usage Plan: Students will research and analyze the extent to which they plan to use the Internet as a means of conducting business now and in the future. Business Technology Usage Plan: Students will research and analyze how they will use technology in their business including telecommuting, standard computer technology, specific industry based technology, and new innovative technologies. The Accounting Plan: Students will determine how they plan to implement the Accounting function within their businesses. This can include outsourcing or internally managing the accounting process. Monopoly Accounting: Students will learn to record financial transactions according to GAAP standards. At the end of the activity students will produce a set Teacher prepared exams and quizzes. In-class projects and activities. Wall Street journal readings and activities. Current Events. Money Skill Business Modules Warm-Up Student Activities Workbook Chapter 9.1, 18.1, and 17.2 Business Plan: Risk Management Plan Monopoly Accounting Project Glencoe Introduction to Business: Ch.9.1, 18.1, and 17.2 Glencoe Intro to Business Student Activities Workbook Ch. 9.1, 18.1, and 17.2 MoneySkill.org Wall Street Journal in the Classroom DECA Role Plays

22 DEPARTMENT: LYNDHURST HIGH SCHOOL BUSINESS & TECHNOLOGY Page 22 of C A B B B3 of financial statements based on their transactions to determine their accurate financial standings. Management Information Systems and Accounting (cont.) C D D D E E E F F5 Unit Terminology: E-Workforce; E-Commerce; Digital Workflow; Technology; Information Technology; Telecommunications; Telecommuting; CAD; Virtual Reality; Handheld Computing; Accounting; GAAP; Property; Assets; Current Assets; Accounts Receivable; Fixed Assets; Equity; Liabilities; Accounts Payable; Owner s Equity; Accounting Equation; Financial Statements; Income Statement; Balance Sheet; and Cash Flow Statement

23 DEPARTMENT: LYNDHURST HIGH SCHOOL BUSINESS & TECHNOLOGY Page 23 of 24 The Final Project (5 Sessions) A* B* A A A A B B B A* B* C* A A B B D E E E E E F F5 How do we start a business? Raising Startup Capital. The Business Plan Investment Bankers. Project Management. Reinforcement of all general business principles. Complete a fully functional business plan. Conduct a formalized business presentation to various audience members. Seek and incorporate the critique and criticisms of business professionals. Plan and coordinate a functional business meeting. Business Plan Project Completed Written Project: Students will meet with a business professional to discuss and seek advice as to improving their overall plan. Then students will modify their existing plan according to their critique and recommendations. Presentation: Students will develop a 5-10 minute presentation on their business designed to attract investment bankers into green lighting the project. The Final Exam: Preparation: Students will work as a team to arrange for a formalized business meeting, including inviting guests, providing proper setting and refreshments, requesting required technology, and coordinating the overall event. Completed Written Business Plans. PowerPoint Presentations. Completion of Event Coordination Tasks and Responsibilities. Final Presentations Final Project / Exam Rubrics Presentation: Students teams will present their

24 DEPARTMENT: LYNDHURST HIGH SCHOOL BUSINESS & TECHNOLOGY Page 24 of 24 Unit Terminology: Project Planning; Event Coordination; and Business Plan * All Indicators in this Standard / Strand are included. business plan during their allotted time frame.