Week 5 Sheets
Knowledge/
Skill
Statement
Understands the economic principles and concepts fundamental to business
operations
Instructional
Area
Economics
Performance
Element
Determine global trade’s impact on business decision-making to acquire insight into
the global forces affecting business.
Performance
Indicator
Describe the determinants of exchange rates and their effects on the domestic
economy (EC:100)
Level
Specialist
SCANS
Information 5, 7; Systems 15; Basic Skills 1-3, 5-6; Thinking Skills 11-12
21st Century
Skills
Global Awareness 1; Financial, Economic, Business and Entrepreneurial Literacy 2;
Critical Thinking and Problem Solving Skills 1, 3
Objectives
a.
b.
c.
d.
e.
f.
g.
h.
i.
j.
k.
l.
m.
n.
o.
Sample
Activity
Define the terms exchange rate, exchange-rate quotation, free-floating
currency, pegged currency, foreign-exchange market, and strong/weak dollar.
Distinguish between direct and indirect exchange-rate quotations.
Interpret exchange rates.
Identify factors that increase demand for currencies.
Explain factors that cause a currency to lose value relative to other currencies.
Discuss how economic factors affect exchange rates.
Explain how market psychology can affect exchange rates.
Describe how political conditions can influence exchange rates.
Distinguish between free-floating and pegged currency.
Describe factors that influence free-floating currency.
Identify institutions that utilize the foreign exchange market.
Discuss types of financial instruments used in foreign exchange markets.
Explain the advantages/disadvantages of a strong U.S. dollar.
Describe the advantages/disadvantages of a weak U.S. dollar.
Explain the risks of speculating on the price of foreign currency.
Ask the students to imagine that they are U.S. importers who are trying to decide
among three countries from which to obtain goods. Each student should select a
product and the three countries of interest. The product that each student selects
should be one of interest to her/him, and the countries identified should actually
export the item. Each student should write a memorandum to the company’s owner
recommending one of the countries based on exchange rates. After completing
his/her memorandum, each student should compare and discuss it with a classmate.
Resources
Textbooks
Abel, A.B., & Bernanke, B.S. (2005). Macroeconomics (5th ed.) [pp.469, 479]. New
York: Pearson Addison Wesley.
Bovée, C. L. & Thill, J.V. (2008). Business communication today (9th ed.) [pp. 65-66].
Upper Saddle River, NJ: Pearson Prentice Hall.
Burrow, J.L. (2006). Marketing (2nd ed.) [p. 488]. Mason, OH: Thomson/SouthWestern.
Clark, B., Sobel, J., & Basteri, C.G. (2010). Marketing dynamics: Teacher’s edition
(2nd ed.) [pp. 151-153]. Tinley Park, IL: Goodheart-Willcox Company, Inc.
Week 5 Sheets
Clayton, G.E. (2005). Economics: Principles & Practices (pp. 481-485). Columbus,
OH: Glencoe/McGraw-Hill.
Clayton, G.E. & Giesbrecht, M.G. (2004). A guide to everyday economic statistics
(6th ed.) [pp. 142-147]. New York: McGraw-Hill/Irwin.
Dlabay, L.R., & Burrow, J.L. (2008). Business finance (pp. 55-56, 382-383). SouthWestern Cengage Learning.
Dlabay, L.R., Burrow, J.L., & Kleindl, B. (2009). Intro to business (7th ed.) [p. 58].
Mason, OH: South-Western Cengage Learning.
Farese, L. S., Kimbrell, G., & Woloszyk, C. A. (2009). Marketing essentials (pp. 86,
167). Woodland Hills, CA: Glencoe/McGraw-Hill.
Kapoor, J.R., Dlabay, L.R., Hughes, R.J., & Hoyt, W.B. (2005). Business and
personal finance (p. 248). New York: Glencoe/McGraw-Hill
Mayo, H.B. (2007). Basic finance: An introduction to financial institutions,
investments, & management (9th ed.) [pp. 91-93, 144, 573-574]. Mason, OH:
South-Western Cengage Learning.
McConnell, C.R. & Brue, S.L. (2005). Economics: Principles, problems, and policies
(16th ed.) [pp. 715-727]. New York: McGraw-Hill/Irwin.
Miller, R.L. (2005). Economics: Today and tomorrow (pp. 479-482). Columbus, OH:
Glencoe/McGraw-Hill.
O’Sullivan, A. & Sheffrin, S.M. (2003). Economics: Principles in action (pp. 458-464).
Upper Saddle River, NJ: Prentice Hall.
Sexton, R.L. (2003). Essentials of economics (pp. 449-456). Mason, OH:
Thomson/South-Western.
Software/
Online
AmosWEB. (2000-2011). Exchange rate. Retrieved May 12, 2011, from
http://www.amosweb.com/cgi-bin/awb_nav.pl?s=wpd&c=dsp&k=exchange+rate
AmosWEB. (2000-2011). Foreign exchange market. Retrieved May 12, 2011, from
http://www.amosweb.com/cgibin/awb_nav.pl?s=wpd&c=dsp&k=foreign+exchange+market
Cross-Curricular Connections. (2011). Marketplace : Let’s go Euro! Retrieved May
12, 2011, from
http://www.econedlink.org/lessons/index.cfm?lesson=EM299&page=teacher
Forex Trading. (n.d.). Exchange rate. Retrieved May 12, 2011, from
http://www.forex-trading-i.com/exchange-rate.html
Grabianowski, E. (1998-2011). How exchange rates work. Retrieved May 12, 2011,
from http://money.howstuffworks.com/exchange-rate.htm
Heakal, R. (2011). Floating and fixed exchange rates. Retrieved May 12, 2011, from
http://www.investopedia.com/articles/03/020603.asp
Hupp, J. (2011). 50 factors that affect the value of the US dollar. Retrieved May 12,
2011, from http://www.currencytrading.net/2007/50-factors-that-affect-the-valueof-the-us-dollar/
Stott, D. (2004, October 15). Weak dollar. Retrieved May 12, 2011, from
http://www.gold-eagle.com/gold_digest_04/stott101404.html
Week 5 Sheets
Knowledge/
Skill
Statement
Understands tools, techniques, and systems that affect a business’s ability to plan,
control, and organize an organization/department
Instructional
Area
Strategic Management
Performance
Element
Recognize management’s role to understand its contribution to business success.
Performance
Indicator
Explain managerial considerations in organizing (SM:064)
Level
Specialist
SCANS
Information 5; Interpersonal 12; Systems 15; Basic Skills 1, 2, 5, 6; Thinking Skills 8,
9, 12; Personal Qualities 13
21st Century
Skills
Use Systems Thinking 1; Manage Projects 1; Guide and Lead Others 2
Objectives
a.
b.
c.
d.
e.
f.
Sample
Activity
Describe how a business benefits from the organizing management function
(e.g., helps in achieving efficiency by avoiding wasted time, money, and effort;
provides a means for coordinating work efforts; provides a sense of direction for
a business’s functional areas; improves employee understanding of job duties
and responsibilities; clarifies authority; and improves employee morale).
Discuss activities involved in the organizing management function.
Explain decisions involved in the organizing management function (e.g., division
of labor, delegation of authority, span of control, departmentalization, and
coordination).
Describe steps in the organizing process (e.g., determine work activities needed
to carry out the business’s plans and objectives; group work activities into
logical patterns or structures; assign activities to specific positions and people,
and allocate needed resources; coordinate activities of the different groups and
individuals; and evaluate the results of the organizing process.).
Explain factors that affect a manager’s organizing decisions (e.g., company
size, strategy, environmental conditions, and technology).
Discuss the results of poor organizing (e.g., confusion, frustration, loss of
efficiency, and limited effectiveness).
Working individually, each student should create a checklist of organizing decisions
that must be made to allow the school-based enterprise to run smoothly and
effectively. Following the development of these checklists, each student should
present his/her checklist to the class and explain reasons for each item identified.
Resources
Textbooks
Bovée, C.L., Thill, J.V., & Mescon, M.H. (2007). Excellence in business (3rd ed.) [pp.
228-229, 236-237, 261-269]. Upper Saddle River, NJ: Pearson Prentice Hall.
Daft, R.L., & Marcic, D. (2009). Understanding management (6th ed.) [pp. 8, 248271]. Mason, OH: South-Western Cengage Learning.
DuBrin, A. (2009). Essentials of management (8th ed.) [pp. 8, 10-11, 221-227, 260274]. Mason, OH: South-Western Cengage Learning.
Griffin, R.W., & Moorhead, G. (2010). Organizational behavior: Managing people and
organizations (9th ed.) [p. 8]. Mason, OH: South-Western Cengage Learning.
Jones, G.R., & George, J.M. (2006). Contemporary management (4th ed.) [pp. 12,
Week 5 Sheets
103, 334]. New York: McGraw-Hill/Irwin.
Lussier, R.N. (2003). Management fundamentals: Concepts, applications, skill
development (2nd ed.) [pp. 9, 172-194]. Mason, OH: Thomson South-Western.
Pride, W.M., Hughes, R.J., & Kapoor, J.R. (2010). Business (10th ed.) [pp. 171-172].
Mason, OH: South-Western Cengage Learning.
Rue, L.W., & Byars, L.L. (2005). Management: Skills and application (11th ed.) [pp.
5, 174-186]. New York: McGraw-Hill/Irwin.
Software/
Online
Abrugar, V.Q. (2009, September 15). The importance of organizing your business
organization. Retrieved May 16, 2011, from
http://businessaccent.com/2009/09/15/the-importance-of-organizing-yourbusiness-organization/#more-1124
Barnett, T. (2011). Organizing. Retrieved May 16, 2011, from
http://www.referenceforbusiness.com/management/Or-Pr/Organizing.html
CliffsNotes.com. (2000-2011). Concepts of organizing. Retrieved May 16, 2011, from
http://www.cliffsnotes.com/WileyCDA/CliffsReviewTopic/Concepts-ofOrganizing.topicArticleId-8944,articleId-8876.html
CliffsNotes.com. (2000-2011). Going from planning to organizing. Retrieved May 16,
2011, from http://www.cliffsnotes.com/WileyCDA/CliffsReviewTopic/Going-fromPlanning-to-Organizing.topicArticleId-8944,articleId-8874.html
CliffsNotes.com. (2000-2011). The organizational process. May 16, 2011, from
http://www.cliffsnotes.com/WileyCDA/CliffsReviewTopic/The-OrganizationalProcess.topicArticleId-8944,articleId-8875.html
Erven, B.L. (n.d.). Organizing. Retrieved May 16, 2011, from http://www.ag.ohiostate.edu/~mgtexcel/Organize.html
Management study guide. (1998-2011). Importance of organizing function. Retrieved
May 16, 2011, from
http://www.managementstudyguide.com/organizing_importance.htm
Management study guide. (1998-2011). Organizing function of management.
Retrieved May 16, 2011, from
http://www.managementstudyguide.com/organizing_function.htm
Week 5 Sheets
Knowledge/
Skill
Statement
Understands the tools, techniques, and systems that businesses use to plan, staff,
lead, and organize human resources
Instructional
Area
Human Resources Management
Performance
Element
Manage staff growth and development to increase productivity and employee
satisfaction.
Performance
Indicator
Orient new employees (HR:360)
Level
Career-sustaining
SCANS
Information 5; Interpersonal 10; Systems 15; Basic Skills 1-2; Thinking Skills 12
21st Century
Skills
Leadership & Responsibility 2, 4
Objectives
a.
b.
c.
d.
e.
f.
Sample
Activity
Divide the class into groups of three. Ask each group to determine the types of
orientation provided to new employees by coworkers at three local businesses. Each
team should compare the orientations, discussing possible reasons for the
differences among the orientations and recommending ways to improve the
sessions.
Explain the importance of new-employee orientation.
Discuss the benefits of new-employee orientation.
Identify sources of orientation information.
Explain the current employee's role in orienting new employees.
Describe procedures for orienting new employees.
Conduct an orientation for new employees.
Resources
Textbooks
Dessler, G., & Varkkey, B. (2009). Human resource management (11th ed.) [pp.
296-298]. New Dehli, India: Dorling Kindersley.
Farese, L. S., Kimbrell, G., & Woloszyk, C. A. (2009). Marketing essentials (p. 247).
Woodland Hills, CA: Glencoe/McGraw-Hill.
Hodgetts, R.M. (2002). Modern human relations at work (8th ed.) [p. 292]. Mason,
OH: South-Western.
Jackson, S., & Schuler, R. (2003). Managing human resources through strategic
partnerships (8th ed.) [pp. 369]. Cincinnati: Thomson/South-Western.
Longenecker, J.G., Moore, C.W., Petty, J.W., & Palich, L.E. (2006). Small business
management: An entrepreneurial emphasis (13th ed.) [pp. 427-428]. Mason,
OH: Thomson South-Western
Mathis, R.L., & Jackson, J.H. (2003). Human resource management (10th ed.) [pp.
286-288]. Cincinnati: Thomson/South-Western.
Noe, R.A., Hollenbeck, J.R., Gerhart, B., & Wright, P.M. (2010). Human resource
management: Gaining a competitive advantage (7th ed.) [pp. 333-335]. New
York: McGraw-Hill/Irwin.
Software/
Online
About.com. (2011). Preparing for new-hire orientation day. Retrieved May 16, 2011
from http://jobsearchtech.about.com/od/interview/l/aa052200.htm
Bacal, R. (n.d.). A quick guide to employee orientation: Help for managers and HR.
Retrieved May 16, 2011, from http://work911.com/articles/orient.htm
Week 5 Sheets
Brown, J. (2011). Employee orientation: Keeping new employees on board.
Retrieved May 16, 2011, from
http://humanresources.about.com/od/retention/a/keepnewemployee_3.htm
Heathfield, S. (2011). Tips for a better new employee orientation. Retrieved May 16,
2011, from http://humanresources.about.com/cs/orientation/qt/tipneonew.htm
Healthfield, S. (2011). Top ten ways to turn off a new employee. Retrieved May 16,
2011, from http://humanresources.about.com/od/orientation/a/top_turnoffs.htm
Microsoft. (2011). New employee orientation checklist. Retrieved May 16, 2011, from
http://office.microsoft.com/en-us/templates/new-employee-orientation-checklistTC001234053.aspx
Morgan, R., Cameron, L., & Wallace, A. (n.d.). Developing an effective new
employee orientation. Retrieved May 16, 2011, from
http://www.ohrd.wisc.edu/eo/neopp.ppt
SmallBusiness.com. (2009, December 31). How to establish a new employee
orientation. Retrieved May 16, 2011, from
http://smallbusiness.com/wiki/How_to_establish_a_new_employee_orientation
Uhl, J. (1999-2010). Creative ideas for new employee orientation. Retrieved May 16,
2011, from http://www.ehow.co.uk/list_6328276_creative-ideas-new-employeeorientation.html
University of California Berkeley. (n.d.). Chapter 5: New employee orientation.
Retrieved May 16, 2011, from http://hrweb.berkeley.edu/guide/orient.htm