TVO ILC
BBI2O Lesson 5
Assessment of Learning Template
Lesson 5: Assessment of Learning Template
Task 1: Need or want?
1. Is the olive oil a need or a want? If so, what need/want is being responded to?
2. What impacts the demand for olive oil and what impacts the supply?
Task 2: Type of business ownership
Your sister is also a food connoisseur. She was with you in Spain and sees the potential
success of starting an olive importing business. Your sister excels at finance and
accounting. You know you can trust her. However, this was originally your idea. You
may not have the business sense that your sister does, but you are really good at
making contacts and have already developed the networks necessary for success.
1. What type of business ownership is most suitable to you? Identify your choice of
business, explaining why you feel it is best. Include two pros and two cons of this
type of business ownership.
Task 3: Ethics and Corporate social responsibility
You are passionate about the environment and sustainable modes of agriculture. You
strongly believe that we should take care of the Earth for future generations. You also
spend a lot of your spare time volunteering and donating to charities. This is a big part
of your value system and is how you’ve been raised. However, you know that if you
operate your own business, you will be very busy and will have less time for your
volunteer work.
You realize that there are other ways of giving back. For example, you admire
organizations that engage in social responsibility and can make similar choices for your
organization. Your company can reflect your personal goals.
Copyright © 2018 The Ontario Educational Communications Authority. All rights reserved.
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TVO ILC
BBI2O Lesson 5
Assessment of Learning Template
1. Identify three strategies you will use in your business that demonstrate sound social
responsibility.
Task 4: International trade
You’re ready to start importing your olive oil and selling it to potential customers. Since
you are unable to grow olives in Canada, you will need to import the olive oil from
Mediterranean countries.
1. Identify two benefits of international trade.
2. Identify two challenges to international trade and how they affect your particular
business.
3. What possible trade agreements will affect you?
4. Identify three possible countries you can do business with.
Task 5: Researching for international trade
1. Using your research skills, identify top products exported from Europe to Canada.
Include your citations (the source of your research) to back up your findings.
2. Using your research skills, identify top products exported from Canada to Europe.
Include your citations (the source of your research) to back up your findings.
Copyright © 2018 The Ontario Educational Communications Authority. All rights reserved.
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