Career and Technical Education Model Curriculum Framework Preparatory X Exploratory Course Title: Entrepreneurship Program: Business Education CIP Code: 520701 (90 hours) Standards and competencies used in this curriculum framework are from the National Standards for Business Education and the College Readiness Mathematics Standards. Performance Task/ Assessments Students will: Recognize that entrepreneurs possess unique characteristics and evaluate the degree to which one possesses those characteristics. FBLA Competitive Event: Entrepreneurship Standards & Competencies (Exploratory = pre-industry content standard Preparatory = industry standard) Entrepreneurs and Entrepreneurial opportunities A. Characteristics of an Entrepreneur Level 1 Performance Expectations Identify the characteristics of a successful entrepreneur Level 2 Performance Expectations Identify one’s own personal traits that are typical characteristics of an entrepreneur Compare the costs and benefits of choosing to become an entrepreneur Level 3 Performance expectations Analyze the degree to which one possesses the characteristics of an entrepreneur Analyze the personal advantages and risks of owning a business B. Role of the Entrepreneur in Business Level 1 Performance Expectations Describe the differences between an employer and an employee D:\219546173.doc Last updated 7/25/2016 Essential Academic Learning Requirements Benchmark 3 Washington State Goals 1 & 2 Reading 3.2 Read to perform a task 3.2.2 Apply understanding of complex information, including functional documents, to perform a task Communication 1.1 Uses listening and observation skills and strategies to focus attention and interpret information 1.1.1 Applies a variety of listening strategies to accommodate the listening situation 1.2 Understands, analyzes, synthesizes, or evaluates information from a variety of sources 1.2.1 Evaluates effectiveness of and creates a personal response to visual and Integrating Analytical, Logical, & Creative Thinking Washington State Goal 3 Translate knowledge Find Evidence Compare/Contrast Leadership Skills and Corresponding Activity FBLA provides leadership activities that correlate with the Entrepreneurship curriculum. At a minimum: Analyze data Generalize from given facts Make inferences and draw conclusions Individual 1.1 The student will analyze, refine, and apply decisionmaking skills through classroom, family, community, and business and industry (work-related) experiences 1.3 The student will demonstrate oral, interpersonal, Employability Skills Resources Money – Uses or prepares budgets, makes forecasts, keeps records, and makes adjustments to meet objectives Time—Selects goal-relevant activities, ranks them, allocates time, and prepares and follows schedules Interpersonal Participates as a member of a team— contributes to group effort Teaches Others New Skills Works with Cultural Diversity—works well with men and women from diverse Local District Goals High Standard s and Expectati ons for all students Estimat ed hours of student learning time 10 hours Relevance to Work Washington State Goal 4 Research and analyze business ownership to help predict options in an entrepreneurship career. All students are engaged and challenge d in their education and prepared to meet or exceed mandated standards . Educatio nal opportuni ties are 1 auditory information Level 2 Performance Expectations Differentiate between an a manager and an entrepreneur Level 3 Performance Expectations Analyze the trade-offs between the roles of an manager and an entrepreneur C. Opportunity Recognition and Pursuit Level 1 Performance Expectation Recognize opportunities resulting from other peoples’ wants and perceived needs Level 2 Performance Expectations Describe opportunities that led to the development of successful entrepreneurial endeavors Identify businesses that could be operated from an individual’s home or on the Internet Level 3 Performance Expectations Compare and contrast the advantages and disadvantages of buying an existing business, starting an entirely new business, or purchasing a franchise Explain the feasibility of starting a home-based or Internet-based business Describe an entrepreneurial opportunity and formulate the steps in establishing a business oriented toward that opportunity D. Problem Identification and Solutions Level 1 Performance Expectation Apply the steps in the problem-solving process Generate alternative solutions to a given problem D:\219546173.doc Last updated 7/25/2016 Writing 2.3 Writes in a variety of forms/genres 2.3.1 Uses a variety of forms/genres 2.4 Writes for career applications 2.4.1 Produces documents used in a career setting Mathematics 2.2 Apply strategies to construct solutions 2.2.1 Apply strategies, concepts, and procedures to devise a plan to solve the problem 3.1 Analyze information 3.1.1 Synthesize information from multiple sources in order to answer questions 4.2 Organize, represent, and share information 4.2.1 Analyze mathematical information to organize, clarify, and refine an argument 5.3 Relate mathematical concepts and procedures to real-world situations 5.3.2 Understand the mathematical knowledge and training requirements for occupational/career areas of interest written, and electronic communication and presentation skills and understand how to apply those skills backgrounds Teaches Others New Skills Information Acquires and Evaluates Information Organizes and Maintains 1.5 The student will Information demonstrate Interprets and self-advocacy Communicates skills by Information achieving Uses Computers to planned, Process Information individual goals 1.7 The student will Systems conduct self in Knows how social a professional and organizational manner in systems work and practical career can operate within applications, them. organizational Monitors and forums, and Corrects decisionPerformance— making bodies distinguishes trends, predicts impacts on Group system operations, 2.1 The student will diagnoses communicate, deviations in participate, and systems’ advocate performance and effectively in corrects pairs, small malfunction groups, teams, and large Technology groups in order Selects to reach Technology— common goals chooses procedures, equitable, address diverse learning styles, develop mental levels, interests, and prepare students to live, learn and work in the business world. 2 Level 2 Performance Expectations Utilize the problem-solving process to resolve a business problem Level 3 Performance Expectations Analyze possible solutions to specific business problems College Readiness Math Standards Attributes Demonstrates intellectual engagement Takes responsibility for own learning Perseveres when faced with time-consuming or complex tasks Pays attention to detail Social Studies: Economics 1.2 Observe major forms of business and related careers 1.3 Understand the monetary system of the US and how individuals’ economic choices involve costs and consequences Community and Career 3.4 The student will understand the organizational skills necessary to be a successful leader and citizen and practices those skills in reallife tools or equipment including computers and related techno Applies Technology to Task— Understands overall intent and proper procedures for setup and operation of equipment Reasoning/Problem-Solving 1.0 The student uses logical reasoning and mathematical knowledge to define and solve problems 1.1 Analyze a situation and describe the problem(s) to be solved 1.2 Formulate a plan for solving the problem 1.3 Use logical reasoning and mathematical knowledge to obtain and justify correct solutions Communication 2.0 The student can interpret and communicate mathematical knowledge and relationships in both mathematical and everyday language 2.1 Summarize and interpret mathematical information which may be in oral or written formats 2.2 Use symbols, diagrams, graphs, and words to clearly communicate mathematical ideas, reasoning, and their implications 2.3 Produce mathematically valid oral, written, and/or symbolic arguments to support a position or conclusion, using both mathematical and everyday language D:\219546173.doc Last updated 7/25/2016 3 Connections 3.0 The student extends mathematical thinking across mathematical content areas, and to other disciplines and real life situations 3.1 Use mathematical ideas and strategies to analyze relationships within mathematics and in other disciplines and real life situations 3.2 Understand the importance of mathematics as a language 3.3 Make connections by using multiple representations, e.g., analytic, numeric, and geometric 3.4 Abstract mathematical models from word problems, geometric problems, and applications D:\219546173.doc Last updated 7/25/2016 4 Performance Task/ Assessments Standards & Competencies (Exploratory = pre-industry content standard Preparatory = industry standard) Students will: Marketing Analyze customer groups and develop a plan to identify, reach, and keep customers in a specific target market. A. Identifying the Market Level 1 Performance Expectation Determine the wants of specific consumers Determine potential buyers of specific products at various price levels Level 2 Performance Expectation Define and give examples of market segmentation Define and give examples of target markets for specific products Define and give examples of the concept of market share Level 3 Performance Expectations Identify target markets for potential new businesses Use primary and secondary data sources to locate information about potential target markets Formulate a customer profile for a planned business A. Reaching the Market Level 1 Performance Expectations Identify elements of marketing (e.g., product place, price, and promotion) Design/select products to meet customer wants D:\219546173.doc Last updated 7/25/2016 Essential Integrating Academic Analytical, Learning Logical, & Requirements Creative Thinking Benchmark 3 Washington State Washington State Goal 3 Goals 1 & 2 Cause and effect Writing 1.4 Edits text 1.4.1 Edits for Evaluation conventions 1.5 Publishes text to share Goal Setting with audience 1.5.1 Publishes in formats that are appropriate for specific audiences and purposes Communication 2.2 Uses interpersonal skills and strategies in a multicultural context to work collaboratively, solve problems, and perform tasks 2.2.1Uses communication skills that demonstrate respect Mathematics 1.0 The student understands and applies the concepts and procedures of mathematics 1.1 Understand and apply concepts and procedures from number sense— number and numeration, Leadership Skills and Corresponding Activity Employability Skills FBLA provides leadership activities that correlate with the Entrepreneurship curriculum. At a minimum: Resources: Money – Uses or prepares budgets, makes forecasts, keeps records, and makes adjustments to meet objectives Time—Selects goalCommunity and relevant activities, Career Skills ranks them, 3.3 The student will allocates time, and understand their prepares and role, participate in follows schedules and evaluate community service Interpersonal and service Participates as a learning activities Member of a team— contributes to group effort Teaches Others New Skills Works with Cultural Diversity—works well with men and women from diverse backgrounds Teaches Others New Skills Information Acquires and Evaluates Local District Goals High Standard s and Expectati ons for all students All students are engaged and challenge d in their education and prepared to meet or exceed mandated standards . Educatio nal opportuni ties are equitable, address diverse learning styles, Estimat ed hours of student learning time 10 hours Relevance to Work Washington State Goal 4 Investigate, research, and analyze. Prepare reports and presentations Conduct market research using the Web Use word processor, spreadsheets, data bases and presentation software to organize and share information Use marketing computer simulations to analyze and predict business trends. 5 Explain the importance of location for a business Price a product in order to yield a profit Create promotional activities for a given product Level 2 Performance Expectation Discuss factors that affect pricing Select an appropriate locations for a business Select/prepare appropriate publicity activities for a business Select/prepare appropriate advertising activities for a business Design a new product to meet unfilled consumer wants Level 3 Performance Expectations Identify the advantages and disadvantages of starting a business on the Internet Describe how the Internet and other emerging technologies have impacted the components of marketing (e.g., product, place, price, and promotion) Describe the layout and facilities needed for a planned business Analyze the components of an effective ecommerce site Design a marketing plans for a business (include the Internet and other emerging technologies if appropriate) B. Keeping/Increasing the Market Level 1 Performance Expectations Discuss the importance of responding to customer concerns Identify ways to respond to customer concerns Discuss the importance of a business giving back to the community D:\219546173.doc Last updated 7/25/2016 computation, and estimation 2.2 Apply strategies to construct solutions 2.2.1 Apply strategies, concepts, and procedures to devise a plan to solve the problem 3.1 Analyze information 3.1.1 Synthesize information from multiple sources in order to answer questions 4.2 Organize, represent, and share information 4.2.1 Analyze mathematical information to organize, clarify, and refine an argument 5.3 Relate mathematical concepts and procedures to real-world situations 5.3.2 Understand the mathematical knowledge and training requirements for occupational/career areas of interest Information Organizes and Maintains Information Interprets and Communicates Information Uses Computers to Process Information Systems Knows how social and organizational systems work and can operate within them. Monitors and Corrects Performance— distinguishes trends, predicts impacts on system operations, diagnoses deviations in systems’ performance and corrects malfunction develop mental levels, interests, and prepare students to live, learn and work in the business world. Technology Selects Technology— chooses procedures, tools or equipment including computers and related techno Applies Technology to Task— Understands overall intent and proper 6 Level 2 Performance Expectations Discuss the impact of competition on keeping/increasing market share Describe techniques for obtaining consumer feedback Identify ways a business can contribute to the community Discuss how networking can help maintain/increase market share Identify networking opportunities Discuss how selling on credit can help increase market share procedures for setup and operation of equipment Level 3 Performance Expectations Select appropriate methods to respond to customer concerns Identify new product/service opportunities Identify ways businesses track customers Design strategies for maintaining customer loyalty Describe benefits of participating in a business-sponsored community service activity Develop quality control procedures College Readiness Math Standards Attributes Demonstrates intellectual engagement Takes responsibility for own learning Perseveres when faced with time-consuming or complex tasks Pays attention to detail Reasoning/Problem-Solving 1.0 The student uses logical reasoning and mathematical knowledge to define and solve problems 1.1 Analyze a situation and describe the problem(s) to be solved 1.2 Formulate a plan for solving the problem 1.3 Use logical reasoning and mathematical know- D:\219546173.doc Last updated 7/25/2016 7 ledge to obtain and justify correct solutions Communication 2.0 The student can interpret and communicate mathematical knowledge and relationships in both mathematical and everyday language 2.1 Summarize and interpret mathematical information which may be in oral or written formats 2.2 Use symbols, diagrams, graphs, and words to clearly communicate mathematical ideas, reasoning, and their implications 2.3 Produce mathematically valid oral, written, and/or symbolic arguments to support a position or conclusion, using both mathematical and everyday language Connections 3.0 The student extends mathematical thinking across mathematical content areas, and to other disciplines and real life situations 3.1 Use mathematical ideas and strategies to analyze relationships within mathematics and in other disciplines and real life situations 3.2 Understand the importance of mathematics as a language 3.3 Make connections by using multiple representations, e.g., analytic, numeric, and geometric 3.4 Abstract mathematical models from word problems, geometric problems, and applications Number Sense 4.0 The student accurately describes and applies concepts and procedures related to real and complex numbers 4.2 Accurately and efficiently compute with real numbers in all forms, including rational exponents and scientific notation D:\219546173.doc Last updated 7/25/2016 8 Performance Task/ Assessments Standards & Competencies (Exploratory = pre-industry content standard Preparatory = industry standard) Students will: Economics Apply economic concepts when making decisions for an entrepreneurial venture. A. Economic Concepts Level 1 Performance Expectations Define opportunity costs and give examples Explain the importance of opportunity cost when making a decision Level 2 Performance Expectation Analyze a decision in terms of marginal cost and marginal benefits Level 3 Performance Expectation Determine the differences between marginal costs and sunk costs B. Market Economy Characteristics Level 1 Performance Expectations Define Scarcity Describe the relationship between private ownership and a market economy Level 2 Performance Expectations Describe how a market economy resolves the problems of what, how, and for whom to produce Explain the determinants of supply and demand Explain how supply and demand markets interact to determine price D:\219546173.doc Last updated 7/25/2016 Essential Academic Learning Requirements Benchmark 3 Washington State Goals 1 & 2 Reading 3.2 Read to perform a task 3.2.2 Apply understanding of complex information, including functional documents, to perform a task Communication 1.1 Uses listening and observation skills and strategies to focus attention and interpret information 1.1.1 Applies a variety of listening strategies to accommodate the listening situation 1.2 Understands, analyzes, synthesizes, or evaluates information from a variety of sources 1.2.1 Evaluates effectiveness of and creates a personal response to visual and auditory information 2.2 Uses interpersonal skills and strategies in a multicultural context to work collaboratively, Integrating Analytical, Logical, & Creative Thinking Washington State Goal 3 Cause and effect Evaluation Goal Setting Leadership Skills and Corresponding Activity Employability Skills FBLA provides leadership activities that correlate with the Entrepreneurship curriculum. At a minimum: Resources Money – Uses or prepares budgets, makes forecasts, keeps records, and makes adjustments to meet objectives Time—Selects goalGroup Skills relevant activities, 2.3 The student will ranks them, analyze the allocates time, and complex prepares and responsibilities of follows schedules the leader and follower and Interpersonal demonstrate the Participates as a ability to both lead Member of a team— and follow contributes to group effort Teaches Others New Skills Works with Cultural Diversity—works well with men and women from diverse backgrounds Teaches Others New Skills Information Acquires and Evaluates Local District Goals High Standard s and Expectati ons for all students All students are engaged and challenge d in their education and prepared to meet or exceed mandated standards . Educatio nal opportuni ties are equitable, address diverse learning styles, Estimat ed hours of student learning time 5 hours Relevance to Work Washington State Goal 4 Apply the economics and accounting procedures involved in beginning, operating and maintaining a successful business Conduct market research and analysis Identify, research, and compare vendor performance records Calculate net sales Prepare cash flow statements and balance sheets Prepare profit and loss statements 9 Level 3 Performance Expectations Compare and contrast the different types of market structures (e.g., competition and monopoly) Explain the effect of different market structures on market price solve problems, and perform tasks 2.2.1Uses communication skills that demonstrate respect Writing 2.3 Writes in a variety of forms/genres 2.3.1 Uses a variety of Level 1 Performance Expectations forms/genres Define what is meant by the cost of a good or 2.4 Writes for career service Define what is meant by the price of a good or applications 2.4.1 Produces service Describe the interrelationship between cost and documents used in a career setting price C. Function of Price Level 2 Performance Expectations Describe the difference between fixed costs and variable costs Describe the impact of variable costs on pricing Social Studies— Economics 2.1 Recognize that both Level 3 Performance Expectations Assess how market prices ration goods and services among those who want them Assess how market prices provide an incentive to produce goods and services Establish prices for products/services economic systems produce, distribute, and exchange goods and services 2.3 Understand that prices D. Role of Profit and Risk Level 1 Performance Expectations Compute the difference between total revenue and total expenses Identify where there is a profit or loss for a business Decide whether to start a new business (or stay in a specific business) based on opportunity cost D:\219546173.doc Last updated 7/25/2016 buyers and sellers participate in voluntary trade because both expect to gain 2.2 Explain how different in competitive markets create incentives that influence the choices of buyers and 2.4 Understand that investment in people, tools, and technology affects employment levels and standards of living Information Organizes and Maintains Information Interprets and Communicates Information Uses Computers to Process Information Systems Knows how social and organizational systems work and can operate within them. Monitors and Corrects Performance— distinguishes trends, predicts impacts on system operations, diagnoses deviations in systems’ performance and corrects malfunction develop mental levels, interests, and prepare students to live, learn and work in the business world. Technology Selects Technology— chooses procedures, tools or equipment including computers and related techno Applies Technology to Task— Understands overall intent and proper 10 Level 2 Performance Expectation Evaluate short-term alternatives for a business to reach profitability procedures for setup and operation of equipment E. Role of Government Level 1 Performance Expectation Define and give examples of public goods and services Level 2 Performance Expectation Explain why government plays a role in the market economy Level 3 Performance Expectations Assess how government plays a role in determining what is and what is not provided in a market economy Assess how government plays a role in modifying the way in which a market economy distributes income D:\219546173.doc Last updated 7/25/2016 11 Performance Task/ Assessments Standards & Competencies (Exploratory = pre-industry content standard Preparatory = industry standard) Students will: Finance Use the financial competencies needed by an entrepreneur A. Determining Cash Needs Level 1 Performance Expectations Identify the resources needed to produce a specific product Identify the costs of producing a specific product Level 2 Performance Expectations Determine the resources needed to start a planned business (e.g., materials and labor) Determine the costs of starting a planned business Identify ongoing operational expenses Level 3 Performance Expectation Project the total cash needed to start a business (e.g., start-up costs, ongoing operational expenses, and cash reserves) B. Identifying Sources and Types of Funding Level 1 Performance Expectation List common sources from which entrepreneurs can borrow money Level 2 Performance Expectations Explain the advantages and disadvantages of primary sources of borrowing Define the differences between debt and equity D:\219546173.doc Last updated 7/25/2016 Essential Academic Learning Requirements Benchmark 3 Washington State Goals 1 & 2 Reading 3.2 Read to perform a task 3.2.2 Apply understanding of complex information, including functional documents, to perform a task Writing 2.4 Writes for career applications 2.4.1 Produces documents used in a career setting Mathematics 1.0 The student understands and applies the concepts and procedures of mathematics 1.1 Understand and apply concepts and procedures from number sense— number and numeration, computation, and estimation 1.5 Understand and apply concepts and procedures from algebraic sense 2.2 Apply strategies to Integrating Analytical, Logical, & Creative Thinking Washington State Goal 3 Goal Setting Precision Fluency Originality Leadership Skills and Corresponding Activity Employability Skills FBLA provides leadership activities that correlate with the Entrepreneurship curriculum. At a minimum: Resources Money – Uses or prepares budgets, makes forecasts, keeps records, and makes adjustments to meet objectives Time—Selects goalGroup Skills relevant activities, 2.4 The student will ranks them, demonstrate skills allocates time, and that assist in prepares and understanding and follows schedules accepting responsibility to Interpersonal family, community, Participates as a and business and Member of a team— industry contributes to group effort Teaches Others New Skills Works with Cultural Diversity—works well with men and women from diverse backgrounds Teaches Others New Skills Information Acquires and Evaluates Local District Goals High Standard s and Expectati ons for all students All students are engaged and challenge d in their education and prepared to meet or exceed mandated standards . Educatio nal opportuni ties are equitable, address diverse learning styles, Estimat ed hours of student learning time 20 hours Relevance to Work Washington State Goal 4 Apply the economics and accounting procedures involved in beginning, operating and maintaining a successful business Conduct market research and analysis Identify, research, and compare vendor performance records Calculate net sales Prepare cash flow statements and balance sheets Prepare profit and loss statements 12 construct solutions 2.2.1 Apply strategies, concepts, and procedures to devise a plan to solve the problem 3.1 Analyze information 3.1.1 Synthesize information from multiple sources in order to answer questions 4.2 Organize, represent, C. Interpreting Financial Statements and share information 4.2.1 Analyze Level 1 Performance Expectation mathematical information Examine a profit/loss statement to determine to organize, clarify, and whether a business is profitable refine an argument 5.2 Relate mathematical Level 2 Performance Expectation concepts and procedures Describe why the analysis of financial to other disciplines statements is important for the business 5.2.1 Analyze mathematical patterns Level 3 Performance Expectations and ideas to extend Analyze for decision-making purposes the mathematical thinking financial health of a business and modeling in other Analyze for decision-making purposes the cash disciplines flow of a business 5.3 Relate mathematical Analyze for decision-making purposes the concepts and procedures worth of a business to real-world situations Describe situations in which financial experts 5.3.1 Understand should be consulted for the interpretation of situations in which financial data mathematics can be used Calculate the number of products to be sold to to solve problems with make a profit using break-even analysis local, national, or international implications College Readiness Math Standards Attributes Communication Demonstrates intellectual engagement 1.1 Uses listening and Takes responsibility for own learning observation skills and Perseveres when faced with time-consuming or strategies to focus complex tasks attention and interpret Pays attention to detail Level 3 Performance Expectations Identify the major sources of funding for a business Describe the trade-offs between debt and equity financing Discuss types of funding within each funding source (e.g., mortgage, short-term loan, longterm loan, and credit line) Identify the components of a loan application D:\219546173.doc Last updated 7/25/2016 Information Organizes and Maintains Information Interprets and Communicates Information Uses Computers to Process Information Systems Knows how social and organizational systems work and can operate within them. Monitors and Corrects Performance— distinguishes trends, predicts impacts on system operations, diagnoses deviations in systems’ performance and corrects malfunction develop mental levels, interests, and prepare students to live, learn and work in the business world. Interact with local community lending institution or agency to seek a business loan. Technology Selects Technology— chooses procedures, tools or equipment including computers and related techno Applies Technology to Task— Understands overall intent and proper 13 Reasoning/Problem-Solving 1.0 The student uses logical reasoning and mathematical knowledge to define and solve problems 1.1 Analyze a situation and describe the problem(s) to be solved 1.2 Formulate a plan for solving the problem 1.3 Use logical reasoning and mathematical knowledge to obtain and justify correct solutions Communication 2.0 The student can interpret and communicate mathematical knowledge and relationships in both mathematical and everyday language 2.1 Summarize and interpret mathematical information which may be in oral or written formats 2.2 Use symbols, diagrams, graphs, and words to clearly communicate mathematical ideas, reasoning, and their implications 2.3 Produce mathematically valid oral, written, and/or symbolic arguments to support a position or conclusion, using both mathematical and everyday language Connections 3.0 The student extends mathematical thinking across mathematical content areas, and to other disciplines and real life situations 3.1 Use mathematical ideas and strategies to analyze relationships within mathematics and in other disciplines and real life situations 3.2 Understand the importance of mathematics as a language 3.3 Make connections by using multiple representations, e.g., analytic, numeric, and geometric 3.4 Abstract mathematical models from word problems, geometric problems, and applications Number Sense D:\219546173.doc Last updated 7/25/2016 information 1.1.1 Applies a variety of listening strategies to accommodate the listening situation 1.2 Understands, analyzes, synthesizes, or evaluates information from a variety of sources 1.2.1 Evaluates effectiveness of and creates a personal response to visual and auditory information 2.2 Uses interpersonal skills and strategies in a multicultural context to work collaboratively, solve problems, and perform tasks 2.2.1 Uses communication skills that demonstrate respect procedures for setup and operation of equipment Social Studies— Economics 2.2 Explain how different economic systems produce, distribute, and exchange goods and services 14 4.0 The student accurately describes and applies concepts and procedures related to real and complex numbers 4.2 Accurately and efficiently compute with real numbers in all forms, including rational exponents and scientific notation 4.3 Apply estimation strategies using real numbers Probability/Statistics 6.0 The student accurately describes and applies concepts and procedures from probability and statistics to analyze data 6.2 Develop informative tables, plots, and graphic displays to accurately represent and study data Functions 8.0 The student accurately describes and applies function concepts and procedures to understand mathematical relationships 8.1 Recognize functional relationships presented in words, tables, graphs, and symbols D:\219546173.doc Last updated 7/25/2016 15 Performance Task/ Assessments Standards & Competencies (Exploratory = pre-industry content standard Preparatory = industry standard) Students will: Accounting Recognize that entrepreneurs must establish, maintain, and analyze appropriate records to make business decisions. A. Keeping Business Records Level 1 Performance Expectations Identify the reasons for keeping business records Describe problems that might be caused by failure to keep business records Level 2 Performance Expectations Describe how keeping poor-quality business records can affect a business Identify how businesses use computers to keep records B. Identifying Types of Business Records Level 1 Performance Expectations Identify types of financial records Describe the type of data that is kept in each business record Level 2 Performance Expectation Compare and contrast the various types of business records Level 3 Performance Expectations Describe the interrelationships of various business records Describe the effect that inaccurate or missing records have on other business records D:\219546173.doc Last updated 7/25/2016 Essential Academic Learning Requirements Benchmark 3 Washington State Goals 1 & 2 Reading 3.1 Read to learn new information 3.1.1Analyze web-based and other resource materials (including primary and secondary sources) for relevance in answering research questions 3.2 Read to perform a task 3.2.2 Apply understanding of complex information, including functional documents, to perform a task Writing 2.4 Writes for career applications 2.4.1 Produces documents used in a career setting Mathematics 1.0 The student understands and applies the concepts and procedures of mathematics 1.1 Understand and apply Integrating Analytical, Logical, & Creative Thinking Washington State Goal 3 Goal Setting Precision Fluency Originality Leadership Skills and Corresponding Activity Employability Skills FBLA provides leadership activities that correlate with the Entrepreneurship curriculum. At a minimum: Resources Money – Uses or prepares budgets, makes forecasts, keeps records, and makes adjustments to meet objectives Time—Selects goalCommunity and relevant activities, Career Skills ranks them, 3.4 The student will allocates time, and understand the prepares and organizational follows schedules skills necessary to be a successful Interpersonal leader and citizen Participates as a and practices those Member of a team— skills in real-life contributes to group effort Teaches Others New Skills Works with Cultural Diversity—works well with men and women from diverse backgrounds Teaches Others New Skills Information Acquires and Evaluates Local District Goals High Standard s and Expectati ons for all students All students are engaged and challenge d in their education and prepared to meet or exceed mandated standards . Educatio nal opportuni ties are equitable, address diverse learning styles, Estimat ed hours of student learning time 20 hours Relevance to Work Washington State Goal 4 Apply the economics and accounting procedures involved in beginning, operating and maintaining a successful business Conduct market research and analysis Identify, research, and compare vendor performance records Calculate net sales Prepare cash flow statements and balance sheets Prepare profit and loss statements 16 C. Establishing and Using Business Records Level 1 Performance Expectation Identify and complete basic records for a business (e.g., cash sales receipts, credit card receipts, and checkbook entries) Level 2 Performance Expectations Select and complete appropriate records for a planned business Identify the advantages and disadvantages of keeping records manually or electronically Level 3 Performance Expectations Describe the importance of comparing plans/budgets with actual data from business records Identify and use appropriate software to fulfill record-keeping needs D. Interpreting Business Records Level 1 Performance Expectations Describe how personnel and purchasing decisions are made based on current sales data Determine if a business is making a profit based on business records Level 2 Performance Expectation Estimate personnel and purchasing needs based on sales data Level 3 Performance Expectations Forecast sales in order to plan purchases Plan purchases based on sales forecasts Compare actual income and expenses to budgeted amounts for a specific period D:\219546173.doc Last updated 7/25/2016 concepts and procedures from number sense— number and numeration, computation, and estimation 1.5 Understand and apply concepts and procedures from algebraic sense 2.2 Apply strategies to construct solutions 2.2.1 Apply strategies, concepts, and procedures to devise a plan to solve the problem 3.1 Analyze information 3.1.1 Synthesize information from multiple sources in order to answer questions 4.2 Organize, represent, and share information 4.2.1 Analyze mathematical information to organize, clarify, and refine an argument 5.2 Relate mathematical concepts and procedures to other disciplines 5.2.1 Analyze mathematical patterns and ideas to extend mathematical thinking and modeling in other disciplines 5.3 Relate mathematical concepts and procedures to real-world situations 5.3.2 Understand the mathematical knowledge and training requirements Information Organizes and Maintains Information Interprets and Communicates Information Uses Computers to Process Information Systems Knows how social and organizational systems work and can operate within them. Monitors and Corrects Performance— distinguishes trends, predicts impacts on system operations, diagnoses deviations in systems’ performance and corrects malfunction develop mental levels, interests, and prepare students to live, learn and work in the business world. Technology Selects Technology— chooses procedures, tools or equipment including computers and related techno Applies Technology to Task— Understands overall intent and proper 17 College Readiness Math Standards Attributes Demonstrates intellectual engagement Takes responsibility for own learning Perseveres when faced with time-consuming or complex tasks Pays attention to detail Reasoning/Problem-Solving 1.0 The student uses logical reasoning and mathematical knowledge to define and solve problems 1.1 Analyze a situation and describe the problem(s) to be solved 1.2 Formulate a plan for solving the problem 1.3 Use logical reasoning and mathematical knowledge to obtain and justify correct solutions Communication 2.0 The student can interpret and communicate mathematical knowledge and relationships in both mathematical and everyday language 2.1 Summarize and interpret mathematical information which may be in oral or written formats 2.2 Use symbols, diagrams, graphs, and words to clearly communicate mathematical ideas, reasoning, and their implications 2.3 Produce mathematically valid oral, written, and/or symbolic arguments to support a position or conclusion, using both mathematical and everyday language for occupational/career areas of interest procedures for setup and operation of equipment Communication 1.1 Uses listening and observation skills and strategies to focus attention and interpret information 1.1.1 Applies a variety of listening strategies to accommodate the listening situation 1.2 Understands, analyzes, synthesizes, or evaluates information from a variety of sources 1.2.1 Evaluates effectiveness of and creates a personal response to visual and auditory information 2.2 Uses interpersonal skills and strategies in a multicultural context to work collaboratively, solve problems, and perform tasks 2.2.1 Uses communication skills that demonstrate respect Connections 3.0 The student extends mathematical thinking across mathematical content areas, and to other disciplines and real life situations 3.1 Use mathematical ideas and strategies to analyze relationships within mathematics and in other disciplines and real life situations D:\219546173.doc Last updated 7/25/2016 18 3.2 Understand the importance of mathematics as a language 3.3 Make connections by using multiple representations, e.g., analytic, numeric, and geometric 3.4 Abstract mathematical models from word problems, geometric problems, and applications Number Sense 4.0 The student accurately describes and applies concepts and procedures related to real and complex numbers 4.2 Accurately and efficiently compute with real numbers in all forms, including rational exponents and scientific notation 4.3 Apply estimation strategies using real numbers Probability/Statistics 6.0 The student accurately describes and applies concepts and procedures from probability and statistics to analyze data 6.2 Develop informative tables, plots, and graphic displays to accurately represent and study data Functions 8.0 The student accurately describes and applies function concepts and procedures to understand mathematical relationships 8.1 Recognize functional relationships presented in words, tables, graphs, and symbols D:\219546173.doc Last updated 7/25/2016 19 Performance Task/ Assessments Standards & Competencies (Exploratory = pre-industry content standard Preparatory = industry standard) Students will: Management Develop a management plan for an entrepreneurial venture. A. Establishing a Vision Level 1 Performance Expectation Establish personal short-term goals Level 2 Performance Expectations Create a personal vision statement for the next five years Develop strategies for achieving a personal vision Level 3 Performance Expectations Develop a vision for a planned business Create a mission statement for a planned business Develop the strategies for achieving the vision for a planned business B. Hiring Employees Level 1 Performance Expectations Identify characteristics of a good employee Explain why friends and family members may not be an entrepreneur’s best potential employees Level 2 Performance Expectation Identify skills and qualities needed for specific jobs and careers D:\219546173.doc Last updated 7/25/2016 Essential Academic Learning Requirements Benchmark 3 Washington State Goals 1 & 2 Reading 3.2 Read to perform a task 3.2.2 Apply understanding of complex information, including functional documents, to perform a task Integrating Analytical, Logical, & Creative Thinking Washington State Goal 3 Decision Making Observe Classify Cause/Effect Evaluation Writing 2.4 Writes for career applications 2.4.1 Produces documents used in a career setting Communication 3.1 Uses knowledge of topic/theme, audience, and purpose to plan presentations 3.1.1 Applies skills to plan and organize effective oral communication and presentation 3.3 Uses effective delivery 3.3.1 Applies skills and strategies for the delivery of effective oral communication and Reasoning Leadership Skills and Corresponding Activity Employability Skills FBLA provides leadership activities that correlate with the Entrepreneurship curriculum. At a minimum: Resources Money – Uses or prepares budgets, makes forecasts, keeps records, and makes adjustments to meet objectives Time—Selects goalIndividual relevant activities, 1.6 The student will ranks them, demonstrate selfallocates time, and advocacy skills by prepares and achieving planned, follows schedules individual goals Interpersonal Participates as a Member of a team— contributes to group effort Teaches Others New Skills Works with Cultural Diversity—works well with men and women from diverse backgrounds Teaches Others New Skills Information Acquires and Evaluates Local District Goals High Standard s and Expectati ons for all students All students are engaged and challenge d in their education and prepared to meet or exceed mandated standards . Educatio nal opportuni ties are equitable, address diverse learning styles, Estimat ed hours of student learning time 8 hours Relevance to Work Washington State Goal 4 Demonstrate effective Human relationship interaction through leadership and proper conflict resolution Follows specific work place safety procedures as outlined by the employer and business. 20 Level 3 Performance Expectations Diagram the organizational structure of a planned business Design hiring procedures for a specific job, ranging from the initial advertisement to the final interview Develop job descriptions for positions in a planned business Identify situations where outsourcing should be used for hiring needs C. Building Teams Level 1 Performance Expectation Describe the advantages of working as a team in a specific activity/sport Level 2 Performance Expectations Describe and give examples of the characteristics of successful teams Explain the importance of motivation, leadership, and trust to members of a team Explain the importance of clear communication to members of a team Level 3 Performance Expectations Describe ways to motivate others Identify practices of an entrepreneurial leader Explain the importance of delegation Explain the importance of linking the goals of the individual to the goals of the team D. Monitoring Achievement Level 1 Performance Expectation Determine whether one’s personal short-term goals are being met Level 2 Performance Expectations D:\219546173.doc Last updated 7/25/2016 presentations 4.2 Sets goals for improvement 4.2.1 Applies strategies for setting grade level appropriate goals and evaluates improvement in communication Health and Fitness 3.1 Understand how environmental factors affect one’s health (air, water, noise, chemicals) Information Organizes and Maintains Information Interprets and Communicates Information Uses Computers to Process Information Systems Knows how social and organizational systems work and can operate within them. Monitors and Corrects Performance— distinguishes trends, predicts impacts on system operations, diagnoses deviations in systems’ performance and corrects malfunction develop mental levels, interests, and prepare students to live, learn and work in the business world. Technology Selects Technology— chooses procedures, tools or equipment including computers and related techno Applies Technology to Task— Understands overall intent and proper 21 Establish criteria to use for monitoring achievement of a personal vision Implement monitoring procedures for achievement of a personal vision procedures for setup and operation of equipment Level 3 Performance Expectations Establish criteria to monitor achievement of the vision for a planned business Analyze vision statements from various businesses in terms of future trends E. Managing Risks Level 1 Performance Expectation Describe risks faced by business owners Level 2 Performance Expectation Explain ways business owners can protect themselves from risks Level 3 Performance Expectations Identify types of business insurance Identify types of insurance needed for a planned business D:\219546173.doc Last updated 7/25/2016 22 Performance Task/ Assessments Standards & Competencies (Exploratory = pre-industry content standard Preparatory = industry standard) Students will: Global Markets Analyze the effect of cultural differences, export/import opportunities, and trends on an entrepreneurial venture in the global marketplace. A. Cultural Differences Level 1 Performance Expectations Define culture Develop an understanding of cultural differences Describe influences of other cultures on U.S. business Recognize how the Internet is used to expand a business globally Level 2 Performance Expectation Compare and contrast business practices in different cultures Level 3 Performance Expectation Analyze necessary modifications to U.S. business practices to facilitate interaction in the global marketplace B. Import/Export Opportunities Level 1 Performance Expectations Describe the concepts of import and export Identify products that have been imported into the United States and identify their country of origin Identify products that have been exported by the United States and identify their receiving countries D:\219546173.doc Last updated 7/25/2016 Essential Academic Learning Requirements Benchmark 3 Washington State Goals 1 & 2 Reading 3.2 Read to perform a task 3.2.2 Apply understanding of complex information, including functional documents, to perform a task Integrating Analytical, Logical, & Creative Thinking Washington State Goal 3 Observe Patterns Problem Solving Sequence Persistence Communication 1.1 Uses listening and Evaluation observation skills to focus attention and interpret information 1.1.1 Applies a variety of listening strategies to accommodate the listening situation Social Studies— Economics 2.1 Recognize that both buyers and sellers participate in voluntary trade because both expect to gain. 2.2 Explain how different economic systems produce, distribute, and exchange goods and services. 2.3 Understand that Leadership Skills and Corresponding Activity Employability Skills FBLA provides leadership activities that correlate with the Entrepreneurship curriculum. At a minimum: Resources Money – Uses or prepares budgets, makes forecasts, keeps records, and makes adjustments to meet objectives Time—Selects goalIndividual Skills relevant activities, 1.2 The student will ranks them, identify and allocates time, and analyze the prepares and characteristics of follows schedules family, community, business, and Interpersonal industry leaders Participates as a Member of a team— contributes to group effort Teaches Others New Skills Works with Cultural Diversity—works well with men and women from diverse backgrounds Teaches Others New Skills Information Acquires and Evaluates Local District Goals High Standard s and Expectati ons for all students All students are engaged and challenge d in their education and prepared to meet or exceed mandated standards . Educatio nal opportuni ties are equitable, address diverse learning styles, Estimat ed hours of student learning time 2 hours Relevance to Work Washington State Goal 4 Research and analyze business ownership to help predict options in an entrepreneurship career Conduct market research using the Web 23 Level 2 Performance Expectations Describe the influence of domestic businesses on foreign markets Describe the benefits and risks of international trade Investigate opportunities for international trade Level 3 Performance Expectations Explain the effects of government regulations on international trade Identify the challenges of selling to consumers in other countries Describe ways the Internet has impacted trade between countries Identify forms of financial export assistance programs that U.S. government agencies and investment corporations offer B. Global Trends Level 1 Performance Expectation Discuss how a previous trend led to an opportunity in the global marketplace Level 2 Performance Expectation Describe current trends in entrepreneurial opportunities in the global marketplace Level 3 Performance Expectation Analyze current trends in the global marketplace and their impacts on business D:\219546173.doc Last updated 7/25/2016 prices in competitive markets create incentives that influence the choices of buyers and sellers. 2.4 Understand that investment in people, tools, and technology affects employment levels and standards of living. Health and Fitness 3.1 Understand how environmental factors affect one’s health (air, water, noise, chemicals) Information Organizes and Maintains Information Interprets and Communicates Information Uses Computers to Process Information Systems Knows how social and organizational systems work and can operate within them. Monitors and Corrects Performance— distinguishes trends, predicts impacts on system operations, diagnoses deviations in systems’ performance and corrects malfunction develop mental levels, interests, and prepare students to live, learn and work in the business world. Technology Selects Technology— chooses procedures, tools or equipment including computers and related techno Applies Technology to Task— Understands overall intent and proper 24 procedures for setup and operation of equipment D:\219546173.doc Last updated 7/25/2016 25 Performance Task/ Assessments Standards & Competencies (Exploratory = pre-industry content standard Preparatory = industry standard) Students will: Legal Analyze how forms of business ownership, government regulations, and business ethics affect entrepreneurial ventures. A. Forms of Business Ownership Level 1 Performance Expectation Identify the differences between a sole proprietorship and a partnership Level 2 Performance Expectation Define a corporation and explain how it differs from a sole proprietorship and a partnership Define and give examples of franchising Describe special types of business ownership (e.g., S corporations and cooperatives) Level 3 Performance Expectations Describe the advantages and disadvantages of owning a franchise Describe the relationship between franchising and other forms of business ownership Compare and contrast the advantages and disadvantages of the various forms of business ownership Select the most appropriate form of business ownership for a planned business Identify legal issues facing entrepreneurs who establish e-commerce sites C. Government Regulations Level 1 Performance Expectation Describe how government can affect business D:\219546173.doc Last updated 7/25/2016 Essential Academic Learning Requirements Benchmark 3 Washington State Goals 1 & 2 Reading 3.2 Read to perform a task 3.2.2 Apply understanding of complex information, including functional documents, to perform a task Integrating Analytical, Logical, & Creative Thinking Washington State Goal 3 Sequence Persistence Flexibility Evaluation Cause/Effect Writing 1.4 Edits text 1.4.1 Edits for conventions 2.1 Adapts writing for a variety of audiences 2.1.1 Applies understanding of multiple and varied audiences to write effectively 2.4 Writes for career applications 2.4.1 Produces documents used in a career setting Communication 1.1 Uses listening and observation skills and strategies to focus attention and interpret information 1.1.1 Applies a variety of Fluency Leadership Skills and Corresponding Activity Employability Skills FBLA provides leadership activities that correlate with the Entrepreneurship curriculum. At a minimum: Resources Money – Uses or prepares budgets, makes forecasts, keeps records, and makes adjustments to meet objectives Time—Selects goalGroup Skills relevant activities, 2.1 The student will ranks them, communicate, allocates time, and participate, and prepares and advocate follows schedules effectively in pairs, small groups, Interpersonal teams, and large Participates as a groups in order to Member of a team— reach common contributes to group goals effort Teaches Others New Skills Works with Cultural Diversity—works well with men and women from diverse backgrounds Teaches Others New Skills Information Acquires and Evaluates Local District Goals High Standard s and Expectati ons for all students All students are engaged and challenge d in their education and prepared to meet or exceed mandated standards . Educatio nal opportuni ties are equitable, address diverse learning styles, Estimat ed hours of student learning time 5 hours Relevance to Work Washington State Goal 4 Knowledge and Compliance with government regulations Knowledge of environmental rules and regulations 26 Level 2 Performance Expectations Explain a rationale for government regulation of businesses Give examples of tax policies that affect business Explain how tax policy affects business Give examples of licenses that a small business must obtain Explain how licensure affects business Give examples of government regulations that affect a small business Explain how government regulations affect a business Level 3 Performance Expectations Identify and evaluate the various ways in which government affects specific businesses Analyze the effect of government intervention on entrepreneurial incentives D. Business Ethics Level 1 Performance Expectation Discuss examples of honest and dishonest business practices Level 2 Performance Expectations Define ethics and identify common ethical issues that entrepreneurs encounter Describe a personal code of ethical behavior Demonstrate ethical behavior in small-group situations Level 3 Performance Expectations Analyze the effect of unethical behavior on a business Identify strategies that facilitate ethical behavior in a small business D:\219546173.doc Last updated 7/25/2016 listening strategies to accommodate the listening situation 1.2 Understands, analyzes, synthesizes, or evaluates information from a variety of sources 1.2.1 Evaluates effectiveness of and creates a personal response to visual and auditory information Information Organizes and Maintains Information Interprets and Communicates Information Uses Computers to Process Information Systems Knows how social and organizational systems work and can operate within them. Monitors and Corrects Performance— distinguishes trends, predicts impacts on system operations, diagnoses deviations in systems’ performance and corrects malfunction develop mental levels, interests, and prepare students to live, learn and work in the business world. Technology Selects Technology— chooses procedures, tools or equipment including computers and related techno Applies Technology to Task— Understands overall intent and proper 27 procedures for setup and operation of equipment D:\219546173.doc Last updated 7/25/2016 28 Performance Task/ Assessments Standards & Competencies (Exploratory = pre-industry content standard Preparatory = industry standard) Students will: Business Plans Develop a business plan. Level 1 Performance Expectations Describe the importance of planning Develop a plan for a specific event Describe why businesses must plan Level 2 Performance Expectations Define long-term and short-term planning Select a specific event and identify long-term and short-term planning activities Identify the major components of a business plan Describe the use of a business plan Level 3 Performance Expectations Identify the information to be included in each component of a business plan Identify sources of information to be included in the business plan Critique a business plan for a specific business (include an analysis of the company’s use of the Internet and other emerging technologies if appropriate) Develop a business plan for a planned business D:\219546173.doc Last updated 7/25/2016 Essential Academic Learning Requirements Benchmark 3 Washington State Goals 1 & 2 Reading 3.2 Read to perform a task 3.2.2 Apply understanding of complex information, including functional documents, to perform a task 3.3 Read for career applications 3.3.1 Apply appropriate reading strategies for interpreting technical and non-technical documents used in job-related settings Writing 1.4 Edits text 1.4.1 Edits for conventions 2.1 Adapts writing for a variety of audiences 2.1.1 Applies understanding of multiple and varied audiences to write effectively 2.3 Writes in a variety of forms/genres 2.3.1 Uses a variety of forms/genres 2.4 Writes for career Integrating Analytical, Logical, & Creative Thinking Washington State Goal 3 Sequence Persistence Flexibility Evaluation Cause/Effect Fluency Leadership Skills and Corresponding Activity Employability Skills FBLA provides leadership activities that correlate with the Entrepreneurship curriculum. At a minimum: Resources Money – Uses or prepares budgets, makes forecasts, keeps records, and makes adjustments to meet objectives Time—Selects goalGroup Skills relevant activities, 2.1 The student will ranks them, communicate, allocates time, and participate, and prepares and advocate follows schedules effectively in pairs, small groups, Interpersonal teams, and large Participates as a groups in order to Member of a team— reach common contributes to group goals effort Teaches Others New Skills Works with Cultural Diversity—works well with men and women from diverse backgrounds Teaches Others New Skills Information Acquires and Evaluates Local District Goals High Standard s and Expectati ons for all students All students are engaged and challenge d in their education and prepared to meet or exceed mandated standards . Educatio nal opportuni ties are equitable, address diverse learning styles, Estimat ed hours of student learning time 10 hours Relevance to Work Washington State Goal 4 Implement a business plan Demonstrate participating as a member of a team Apply communication skills Use word processor, spreadsheets, data bases and presentation software to organize and share information 29 applications 2.4.1 Produces documents used in a career setting 3.2 Uses appropriate style 3.2.1 Analyzes audience and purposes and uses appropriate voice Communication 3.1 Uses knowledge of topic/theme, audience, and purpose to plan presentations 3.1.1 Applies skills to plan and organize effective oral communication and presentation 3.3 Uses effective delivery 3.3.1 Applies skills and strategies for the delivery of effective oral communication and presentations Arts 1.2 Develop arts skills and techniques 4.5 Demonstrate the knowledge of arts careers and the knowledge of arts skills in the world of work D:\219546173.doc Last updated 7/25/2016 Information Organizes and Maintains Information Interprets and Communicates Information Uses Computers to Process Information Systems Knows how social and organizational systems work and can operate within them. Monitors and Corrects Performance— distinguishes trends, predicts impacts on system operations, diagnoses deviations in systems’ performance and corrects malfunction develop mental levels, interests, and prepare students to live, learn and work in the business world. Technology Selects Technology— chooses procedures, tools or equipment including computers and related techno Applies Technology to Task— Understands overall intent and proper 30 procedures for setup and operation of equipment D:\219546173.doc Last updated 7/25/2016 31