Teacher: CORE BUSINESS MATH
 Year:      2009-2010 
 Course:  BUSINESS MATH 

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Money Records

 

 Essential Questions 

 Content 

 Skills 

 Assessments 

 Lessons 

 Resources 

 Standards 

 

 

Cash Receipts and Payments

 

Identify types of cash receipts and payments

Prepare cash receipts and cash payment records/ledgers

Develop cash receipts and payments ledgers on software applications utilizing spreadsheets, formulas, tables and graphs

 

 

 

 

 

 

 

COMP 1 ~ Mathematical Foundations – Apply basic mathematical operations to solve problems.

 

COMP 6 ~ Problem-Solving Applications – Use mathematical procedures to analyze and solve business problems.

 

FIN 3 ~ Managing Finances and Budgeting – Develop and evaluate a spending/savings plan.

 

MGT 8 ~ Technology and Information Management – Utilize information and technology tools to conduct business effectively and efficiently.

 

MST.C.01.PI.A.01 ~ MATHEMATICAL ANALYSIS ~ use algebraic and geometric representations to describe and compare data.

 

MST.C.02 ~ STUDENTS WILL ACCESS, GENERATE, PROCESS, AND TRANSFER INFORMATION USING APPROPRIATE TECHNOLOGIES.

 

MST.C.07.PI.A.01 ~ CONNECTIONS ~ analyze science/technology/society problems and issues on a community, national, or global scale and plan and carry out a remedial course of action.

 

 

 

 

 

Check and check registers

 

Compare and practice check endorsement options

Prepare and practice writing checks

Identify and correct check register errors

Prepare check registers and examine the format options (one-line vs two-line)

Develop check and check registers on software applications utilizing spreadsheets, formulas, tables and graphs

 

 

 

 

 

 

 

CDOS.C.03a.F.01 ~ CAREER DEV. & OCC. STUDIES ~ use technology to acquire, organize, and communicate information by entering, modifying, retrieving, and storing data.

 

COMP 1 ~ Mathematical Foundations – Apply basic mathematical operations to solve problems.

 

COMP 3 ~ Patterns, Functions and Algebra – Use algebraic operations to solve problems.

 

FIN 3 ~ Managing Finances and Budgeting – Develop and evaluate a spending/savings plan.

 

MST.C.01 ~ STUDENTS WILL USE MATHEMATICAL ANALYSIS, SCIENTIFIC INQUIRY, AND ENGINEERING DESIGN, AS APPROPRIATE, TO POSE QUESTIONS, SEEK ANSWERS, AND DEVELOP SOLUTIONS.

 

MST.C.06.PI.E.02 ~ PATTERNS OF CHANGE ~ search for multiple trends when analyzing data for patterns, and identify data that do not fit the trends.

 

 

 

 

 

Bank reconciliations

 

Compare check register to bank statement

Identify, evaluate and correct reconciliation errors

Develop a bank reconciliation on software applications utilizing spreadsheets, formulas, tables and graphs

 

 

 

 

 

 

 

ACC 4 ~ Special Applications – Apply appropriate accounting principles to payroll, income taxation, managerial systems, and various forms of ownership.

 

COMP 6 ~ Problem-Solving Applications – Use mathematical procedures to analyze and solve business problems.

 

ENT 4 ~ Finance – Use the financial competencies needed by an entrepreneur.

 

FIN 3 ~ Managing Finances and Budgeting – Develop and evaluate a spending/savings plan.

 

MST.C.01.PI.A.01 ~ MATHEMATICAL ANALYSIS ~ use algebraic and geometric representations to describe and compare data.

 

MST.C.01.PI.F.01 ~ SCIENTIFIC INQUIRY ~ use various means of representing and organizing observations (e.g., diagrams, tables, charts, graphs, equations, matrices) and insightfully interpret the organized data.

 

MST.C.07 ~ STUDENTS WILL APPLY THE KNOWLEDGE AND THINKING SKILLS OF MATHEMATICS, SCIENCE, AND TECHNOLOGY TO ADDRESS REAL-LIFE PROBLEMS AND MAKE INFORMED DECISIONS.

 

 

 

 

 

Electronic banking

 

Identify terminology and procedures of current electronic banking

Explore electronic banking procedures via local banking establishments

Interpret advantages/disadvantages of electronic banking

 

 

 

 

 

 

 

FIN 6 ~ Banking – Evaluate services provided by financial deposit institutions to transfer funds.

 

MGT 8 ~ Technology and Information Management – Utilize information and technology tools to conduct business effectively and efficiently.

 

MST.C.07 ~ STUDENTS WILL APPLY THE KNOWLEDGE AND THINKING SKILLS OF MATHEMATICS, SCIENCE, AND TECHNOLOGY TO ADDRESS REAL-LIFE PROBLEMS AND MAKE INFORMED DECISIONS.

 

MST.C.07.PI.B.01 ~ STRATEGIES ~ Students participate in an extended, culminating mathematics, science, and technology project. The project would require students to: work effectively; gather and process information; generate and analyze ideas; observe common themes; realize ideas; present results.

 

 

 

 

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Payroll

 

 Essential Questions 

 Content 

 Skills 

 Assessments 

 Lessons 

 Resources 

 Standards 

 

 

Compensation Methods

 

Identify types of compensation methods: Salary, hourly, piecework, and/ or commission

Identify usage of multiplication and division in figuring compensation

Find and utilize percentage rates and averages, and identify unknown items as realted to compensation methods

Analyze the relationship between decimals fractions and percents as related to compensation methods

Utilize estimates, rounding and grouping procedures as related to payroll and compensation methods

 

 

 

 

 

 

 

COMP 1 ~ Mathematical Foundations – Apply basic mathematical operations to solve problems.

 

COMP 2 ~ Number Relationships and Operations – Solve problems involving whole numbers, decimals, fraction, percents, ratios, averages, and proportions.

 

COMP 3 ~ Patterns, Functions and Algebra – Use algebraic operations to solve problems.

 

MST.C.01.PI.A.01 ~ MATHEMATICAL ANALYSIS ~ use algebraic and geometric representations to describe and compare data.

 

MST.C.01.PI.D.03 ~ SCIENTIFIC INQUIRY ~ work toward reconciling competing explanations; clarifying points of agreement and disagreement.

 

MST.C.02 ~ STUDENTS WILL ACCESS, GENERATE, PROCESS, AND TRANSFER INFORMATION USING APPROPRIATE TECHNOLOGIES.

 

 

 

 

 

Commission

 

Analyze commision practices: salary + commission and graduated commission

Identify commission expenses and net proceeds of sale

Determine rate of commission

Analyze the relationship between decimals, fractions and percents in determining commission pay

Figure commsions amounts based on the commission formulas

Utilize estimates, rounding and grouping procedures as related to commission figures

Analyze fractions, mixed numbers, ratios and proportions as related to commission figures

Develop/utilize spreadsheets, formulas, tables and graphs as related to commission methods

 

 

 

 

 

 

 

COMP 1 ~ Mathematical Foundations – Apply basic mathematical operations to solve problems.

 

COMP 2 ~ Number Relationships and Operations – Solve problems involving whole numbers, decimals, fraction, percents, ratios, averages, and proportions.

 

COMP 3 ~ Patterns, Functions and Algebra – Use algebraic operations to solve problems.

 

MST.C.02.PI.A.01 ~ INFORMATION SYSTEMS ~ understand and use the more advanced features of word processing, spreadsheets, and data-base software.

 

MST.C.06.PI.E.01 ~ PATTERNS OF CHANGE ~ use sophisticated mathematical models, such as graphs and equations of various algebraic or trigonometric functions.

 

MST.C.07 ~ STUDENTS WILL APPLY THE KNOWLEDGE AND THINKING SKILLS OF MATHEMATICS, SCIENCE, AND TECHNOLOGY TO ADDRESS REAL-LIFE PROBLEMS AND MAKE INFORMED DECISIONS.

 

 

 

 

 

Gross pay and job benefits

 

Figure gross pay taking into account the types of compensation plans

Analyze gross pay vs. net pay

Identify deductions (voluntary and mandatory),

Identify job benefits and job expenses outside of pay

Analyze total job benefits (Gross Pay & FB = Total Job Benefits)

Develop/utilize spreadsheets, formulas, tables and graphs as related to commission methods

 

 

 

 

 

 

 

COMP 2 ~ Number Relationships and Operations – Solve problems involving whole numbers, decimals, fraction, percents, ratios, averages, and proportions.

 

COMP 6 ~ Problem-Solving Applications – Use mathematical procedures to analyze and solve business problems.

 

ECO 7 ~ The Role of Government – Analyze the role of government in economic systems, especially the role of government in the U.S. economy.

 

FIN 2 ~ Earning a Living – Identify various forms of income and analyze factors that affect income as a part of the career decision-making process.

 

MST.C.01.PI.B.01 ~ MATHEMATICAL ANALYSIS ~ use deductive reasoning to construct and evaluate conjectures and arguments, recognizing that patterns and relationships in mathematics assist them in arriving at these conjectures and arguments.

 

MST.C.01.PI.C.01 ~ MATHEMATICAL ANALYSIS ~ apply algebraic and geometric concepts and skills to the solution of problems.

 

MST.C.02.PI.A.01 ~ INFORMATION SYSTEMS ~ understand and use the more advanced features of word processing, spreadsheets, and data-base software.

 

 

 

 

 

Payroll Taxes

 

Read and apply Federal and State tax tables

Figure FICA Taxes

Identify federal and state income levels on an individual basis

Develop/utilize spreadsheets, formulas, tables and graphs as related to commission methods

 

 

 

 

 

 

 

COMP 2 ~ Number Relationships and Operations – Solve problems involving whole numbers, decimals, fraction, percents, ratios, averages, and proportions.

 

COMP 6 ~ Problem-Solving Applications – Use mathematical procedures to analyze and solve business problems.

 

ECO 7 ~ The Role of Government – Analyze the role of government in economic systems, especially the role of government in the U.S. economy.

 

MST.C.02.PI.A.01 ~ INFORMATION SYSTEMS ~ understand and use the more advanced features of word processing, spreadsheets, and data-base software.

 

MST.C.07 ~ STUDENTS WILL APPLY THE KNOWLEDGE AND THINKING SKILLS OF MATHEMATICS, SCIENCE, AND TECHNOLOGY TO ADDRESS REAL-LIFE PROBLEMS AND MAKE INFORMED DECISIONS.

 

 

 

 

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Budgets

 

 Essential Questions 

 Content 

 Skills 

 Assessments 

 Lessons 

 Resources 

 Standards 

 

 

Spending Habits

 

Examine the reasoning behind spending plans to allocate personal finances

Allocate income to needs and wants to develop affordability and lifestlye

Identify spending/saving habits

Utilize spreadsheet applications and formulas to determine spending/saving habits

Analyze and re-evaluate spending habits to determine financial worth

 

 

 

 

 

 

 

COMP 1 ~ Mathematical Foundations – Apply basic mathematical operations to solve problems.

 

ENT 4 ~ Finance – Use the financial competencies needed by an entrepreneur.

 

FIN 3 ~ Managing Finances and Budgeting – Develop and evaluate a spending/savings plan.

 

MKT 2 ~ Consumers and Their Behavior – Analyze the characteristics, motivations, and behaviors of consumers.

 

MST.C.01.PI.F.01 ~ SCIENTIFIC INQUIRY ~ use various means of representing and organizing observations (e.g., diagrams, tables, charts, graphs, equations, matrices) and insightfully interpret the organized data.

 

MST.C.02.PI.A.01 ~ INFORMATION SYSTEMS ~ understand and use the more advanced features of word processing, spreadsheets, and data-base software.

 

MST.C.07 ~ STUDENTS WILL APPLY THE KNOWLEDGE AND THINKING SKILLS OF MATHEMATICS, SCIENCE, AND TECHNOLOGY TO ADDRESS REAL-LIFE PROBLEMS AND MAKE INFORMED DECISIONS.

 

 

 

 

 

Budget Construction and Analysis

 

Develop and construct a formal budget

Design a budget utilizing current software applications and alter information to determine financial worth

Aanlyze budget utilizing percentages and ratios

Re-evaluate spending habits to determine financial worth

 

 

 

 

 

 

 

COMP 1 ~ Mathematical Foundations – Apply basic mathematical operations to solve problems.

 

ENT 4 ~ Finance – Use the financial competencies needed by an entrepreneur.

 

FIN 3 ~ Managing Finances and Budgeting – Develop and evaluate a spending/savings plan.

 

MST.C.01.PI.F.01 ~ SCIENTIFIC INQUIRY ~ use various means of representing and organizing observations (e.g., diagrams, tables, charts, graphs, equations, matrices) and insightfully interpret the organized data.

 

MST.C.01.PI.G.03 ~ ENGINEERING DESIGN ~ generate creative solutions, break ideas into significant functional elements, and explore possible refinements; predict possible outcomes using mathematical and functional modeling techniques; choose the optimal solution to the problem, clearly documenting ideas against design criteria and constraints; and explain how human understands, economics, ergonomics, and environmental considerations have influenced the solution.

 

MST.C.06.PI.B.01 ~ MODEL ~ revise a model to create a more complete or improved representation of the system.

 

 

 

 

 

Graphs

 

Graphing

utilize software applications

 

 

 

 

 

 

 

MGT 8 ~ Technology and Information Management – Utilize information and technology tools to conduct business effectively and efficiently.

 

MST.C.02.PI.A.01 ~ INFORMATION SYSTEMS ~ understand and use the more advanced features of word processing, spreadsheets, and data-base software.

 

MST.C.02.PI.A.05 ~ INFORMATION SYSTEMS ~ utilize electronic networks to share information.

 

 

 

 

Consumer Buying

 

 Essential Questions 

 Content 

 Skills 

 Assessments 

 Lessons 

 Resources 

 Standards 

 

 

Buying

 

Analyze sales receipts

Identify unit prices - utilize division skills to determine single unit prices based on a group price or by quantity

Figure sales extensions utilizing math skills - fractions, mixed numbers and percentages and decimal placement

Comparing prices vs. value of consumer products and quantities

Identify sales/special prices as related to the value of a dollar

Evaluate rental options versus buying - determine economical factors of the two options

Develop/utilize consumer buying records on software applications- spreadsheets, formulas, tables and graphs

 

 

 

 

 

 

 

ENT 4 ~ Finance – Use the financial competencies needed by an entrepreneur.

 

FIN 3 ~ Managing Finances and Budgeting – Develop and evaluate a spending/savings plan.

 

FIN 5 ~ Buying Goods and Services – Apply a decision-making model to maximize consumer satisfaction when buying goods and services.

 

MST.C.01.PI.F.01 ~ SCIENTIFIC INQUIRY ~ use various means of representing and organizing observations (e.g., diagrams, tables, charts, graphs, equations, matrices) and insightfully interpret the organized data.

 

MST.C.06.PI.F.02 ~ OPTIMIZATION ~ analyze subjective decision making problems to explain the trade-offs that can be made to arrive at the best solution.

 

MST.C.07.PI.B.01 ~ STRATEGIES ~ Students participate in an extended, culminating mathematics, science, and technology project. The project would require students to: work effectively; gather and process information; generate and analyze ideas; observe common themes; realize ideas; present results.

 

 

 

 

 

Utilities

 

Determine "current" utility costs -
Cell phone usage costs/terminology: roaming, texting, webconnect, 3 way calling, etc..
Evaluate Internet options - DSL, Cable, etc...

Determining utility costs- gas, electric, water, telephone - energy star program

Interpret utility terminology and comprehend billing procedures

 

 

 

 

 

 

 

COMP 6 ~ Problem-Solving Applications – Use mathematical procedures to analyze and solve business problems.

 

FIN 3 ~ Managing Finances and Budgeting – Develop and evaluate a spending/savings plan.

 

FIN 5 ~ Buying Goods and Services – Apply a decision-making model to maximize consumer satisfaction when buying goods and services.

 

MST.C.01.PI.D.02 ~ SCIENTIFIC INQUIRY ~ hone ideas through reasoning, library research, and discussion with others, including experts.

 

MST.C.07.PI.A.02 ~ CONNECTIONS ~ analyze and quantify consumer product data, understand environmental and economic impacts, develop a method for judging the value and efficacy of competing products, and discuss cost/benefit and risk/benefit tradeoffs made in arriving at the optimal choice.

 

 

 

 

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Loans

 

 Essential Questions 

 Content 

 Skills 

 Assessments 

 Lessons 

 Resources 

 Standards 

 

 

Mortgages & Home Ownership

 

Review and master real estate terminology

Determine cost of financing a home - down payments, closing costs, interest rate and points

Determine types of mortgages and compare rates associated with each type

Analyze costs associated with home ownership - depreciation, taxes, insurance and maintenance

Utilize on-line calculators

 

 

 

 

 

 

 

COMP 6 ~ Problem-Solving Applications – Use mathematical procedures to analyze and solve business problems.

 

FIN 4 ~ Saving and Investing – Evaluate savings and investment options to meet short- and long-term goals.

 

FIN 5 ~ Buying Goods and Services – Apply a decision-making model to maximize consumer satisfaction when buying goods and services.

 

MGT 8 ~ Technology and Information Management – Utilize information and technology tools to conduct business effectively and efficiently.

 

MST.C.01.PI.A.01 ~ MATHEMATICAL ANALYSIS ~ use algebraic and geometric representations to describe and compare data.

 

MST.C.06.PI.F.02 ~ OPTIMIZATION ~ analyze subjective decision making problems to explain the trade-offs that can be made to arrive at the best solution.

 

MST.C.07.PI.A.03 ~ CONNECTIONS ~ design solutions to real-world problems on a community, national, or global scale using a technological design process that integrates scientific investigation and rigorous mathematical analysis of the problem and of the solution.

 

 

 

 

 

Depreciation

 

Evaluate deprecaition methods - Straight-line, Double-declining and sum of the years digits

Apply depreciation methods and perform mathematical formulas associated with the various methods

 

 

 

 

 

 

 

COMP 1 ~ Mathematical Foundations – Apply basic mathematical operations to solve problems.

 

COMP 2 ~ Number Relationships and Operations – Solve problems involving whole numbers, decimals, fraction, percents, ratios, averages, and proportions.

 

MST.C.01 ~ STUDENTS WILL USE MATHEMATICAL ANALYSIS, SCIENTIFIC INQUIRY, AND ENGINEERING DESIGN, AS APPROPRIATE, TO POSE QUESTIONS, SEEK ANSWERS, AND DEVELOP SOLUTIONS.

 

MST.C.07.PI.A.02 ~ CONNECTIONS ~ analyze and quantify consumer product data, understand environmental and economic impacts, develop a method for judging the value and efficacy of competing products, and discuss cost/benefit and risk/benefit tradeoffs made in arriving at the optimal choice.

 

 

 

 

 

Home Buying vs. Renting

 

Compare financial advantages and disadvantage of buying vs renting a home

Recognize and evaluate the benefits of home "equity"

 

 

 

 

 

 

 

FIN 1 ~ Personal Decision Making – Use a rational decision-making process as it applies to the roles of citizens, workers, and consumers.

 

FIN 4 ~ Saving and Investing – Evaluate savings and investment options to meet short- and long-term goals.

 

FIN 5 ~ Buying Goods and Services – Apply a decision-making model to maximize consumer satisfaction when buying goods and services.

 

MST.C.07.PI.A.03 ~ CONNECTIONS ~ design solutions to real-world problems on a community, national, or global scale using a technological design process that integrates scientific investigation and rigorous mathematical analysis of the problem and of the solution.

 

 

 

 

 

Auto Loans & Vehicle Costs

 

Utilize math skills to determine rate of depreciation for a motor vehicle

Create mathematical formulas to find average annual depreciation, resale and trade-in value

Analyze costs associated with motor vehicle ownership - depreciation, insurance, maintenance and state licensing fees

 

 

 

 

 

 

 

COMP 2 ~ Number Relationships and Operations – Solve problems involving whole numbers, decimals, fraction, percents, ratios, averages, and proportions.

 

COMP 6 ~ Problem-Solving Applications – Use mathematical procedures to analyze and solve business problems.

 

FIN 5 ~ Buying Goods and Services – Apply a decision-making model to maximize consumer satisfaction when buying goods and services.

 

MST.C.01.PI.C.01 ~ MATHEMATICAL ANALYSIS ~ apply algebraic and geometric concepts and skills to the solution of problems.

 

MST.C.01.PI.F.01 ~ SCIENTIFIC INQUIRY ~ use various means of representing and organizing observations (e.g., diagrams, tables, charts, graphs, equations, matrices) and insightfully interpret the organized data.

 

MST.C.01.PI.G.02 ~ ENGINEERING DESIGN ~ identify, locate, and use a wide range of information resources, and document through notes and sketches how findings relate to the problem.

 

 

 

 

 

Auto Leasing vs. Buying

 

Establish the financial impact of lease vs buying a motor vehicle (lack of equity, decreased value - unlike real estate)

Develop spreadsheets and construct formulas, tables and graphs to compare the financial impact of ownership vs. rent/lease

Master the utilization of formula construction

Perform mathematical formuals and interpret results

 

 

 

 

 

 

 

FIN 1 ~ Personal Decision Making – Use a rational decision-making process as it applies to the roles of citizens, workers, and consumers.

 

FIN 5 ~ Buying Goods and Services – Apply a decision-making model to maximize consumer satisfaction when buying goods and services.

 

MST.C.01.PI.C.01 ~ MATHEMATICAL ANALYSIS ~ apply algebraic and geometric concepts and skills to the solution of problems.

 

MST.C.01.PI.F.01 ~ SCIENTIFIC INQUIRY ~ use various means of representing and organizing observations (e.g., diagrams, tables, charts, graphs, equations, matrices) and insightfully interpret the organized data.

 

MST.C.06.PI.F.02 ~ OPTIMIZATION ~ analyze subjective decision making problems to explain the trade-offs that can be made to arrive at the best solution.

 

 

 

 

Taxes

 

 Essential Questions 

 Content 

 Skills 

 Assessments 

 Lessons 

 Resources 

 Standards 

 

 

General Info & Terms

 

Review and master terminology associated with taxes

 

 

 

 

 

 

 

ECO 7 ~ The Role of Government – Analyze the role of government in economic systems, especially the role of government in the U.S. economy.

 

MST.C.01 ~ STUDENTS WILL USE MATHEMATICAL ANALYSIS, SCIENTIFIC INQUIRY, AND ENGINEERING DESIGN, AS APPROPRIATE, TO POSE QUESTIONS, SEEK ANSWERS, AND DEVELOP SOLUTIONS.

 

 

 

 

 

Property Taxes

 

Determine property tax rates and perform calculations to confirm applicable tax due

Find assessed value of property and calculate property taxes due

Determine reasoning behind property tax assessment

 

 

 

 

 

 

 

COMP 2 ~ Number Relationships and Operations – Solve problems involving whole numbers, decimals, fraction, percents, ratios, averages, and proportions.

 

COMP 6 ~ Problem-Solving Applications – Use mathematical procedures to analyze and solve business problems.

 

ECO 7 ~ The Role of Government – Analyze the role of government in economic systems, especially the role of government in the U.S. economy.

 

MST.C.01.PI.C.01 ~ MATHEMATICAL ANALYSIS ~ apply algebraic and geometric concepts and skills to the solution of problems.

 

MST.C.07.PI.A.03 ~ CONNECTIONS ~ design solutions to real-world problems on a community, national, or global scale using a technological design process that integrates scientific investigation and rigorous mathematical analysis of the problem and of the solution.

 

 

 

 

 

Sales Tax

 

Review the concept and relevance of sales tax and how/by whom monies collected are utilized

Utilize sales tax tables to practice completion of mathematical formulas

Interpret the results of formulas and financial data

 

 

 

 

 

 

 

COMP 2 ~ Number Relationships and Operations – Solve problems involving whole numbers, decimals, fraction, percents, ratios, averages, and proportions.

 

COMP 6 ~ Problem-Solving Applications – Use mathematical procedures to analyze and solve business problems.

 

ECO 7 ~ The Role of Government – Analyze the role of government in economic systems, especially the role of government in the U.S. economy.

 

MST.C.02 ~ STUDENTS WILL ACCESS, GENERATE, PROCESS, AND TRANSFER INFORMATION USING APPROPRIATE TECHNOLOGIES.

 

MST.C.06.PI.E.01 ~ PATTERNS OF CHANGE ~ use sophisticated mathematical models, such as graphs and equations of various algebraic or trigonometric functions.

 

 

 

 

 

Employment Taxes

 

Review social security concepts and terminology

Evaluate the FICA tax rate and how it is divided and utilized/paid by whom

Calculate FICA tax rates for employee, employer and self-employed individuals

Interpret the results of formulas and financial data

Review federal and state tax terminology and affect on personal income

Determine income levels for tax assessment

Utilize federal and state tax tables to practice completion of mathematical formulas

Identify dependents and their affect on income

Differentaiate between earned and unearned income

Design a spreadsheet and create formuals to calculate and re-calculate tax due based on changing income levels

 

 

 

 

 

 

 

COMP 2 ~ Number Relationships and Operations – Solve problems involving whole numbers, decimals, fraction, percents, ratios, averages, and proportions.

 

COMP 6 ~ Problem-Solving Applications – Use mathematical procedures to analyze and solve business problems.

 

ECO 7 ~ The Role of Government – Analyze the role of government in economic systems, especially the role of government in the U.S. economy.

 

MST.C.01 ~ STUDENTS WILL USE MATHEMATICAL ANALYSIS, SCIENTIFIC INQUIRY, AND ENGINEERING DESIGN, AS APPROPRIATE, TO POSE QUESTIONS, SEEK ANSWERS, AND DEVELOP SOLUTIONS.

 

MST.C.01.PI.C.01 ~ MATHEMATICAL ANALYSIS ~ apply algebraic and geometric concepts and skills to the solution of problems.

 

MST.C.01.PI.D.02 ~ SCIENTIFIC INQUIRY ~ hone ideas through reasoning, library research, and discussion with others, including experts.

 

MST.C.01.PI.F.01 ~ SCIENTIFIC INQUIRY ~ use various means of representing and organizing observations (e.g., diagrams, tables, charts, graphs, equations, matrices) and insightfully interpret the organized data.

 

MST.C.02.PI.A.01 ~ INFORMATION SYSTEMS ~ understand and use the more advanced features of word processing, spreadsheets, and data-base software.

 

 

 

 

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Insurance

 

 Essential Questions 

 Content 

 Skills 

 Assessments 

 Lessons 

 Resources 

 Standards 

 

 

Health Insurance

 

Study types of health insurance coverage and plans

Decipher insurance vs. individual responsibility of costs incurred (who pays for what)

Identify benefits to determine covered vs. non-covered expenses

Examine the affect of co-insurance and deductibles on health costs

Perform mathematical calculations and become familiar with the formuals associated with health cost determination

Design a spreadsheet with graphs to compare insurance costs between types and/or providers

 

 

 

 

 

 

 

COMP 1 ~ Mathematical Foundations – Apply basic mathematical operations to solve problems.

 

FIN 5 ~ Buying Goods and Services – Apply a decision-making model to maximize consumer satisfaction when buying goods and services.

 

FIN 8 ~ Protecting Against Risk – Analyze choices available to consumers for protection against risk and financial loss.

 

MGT 8 ~ Technology and Information Management – Utilize information and technology tools to conduct business effectively and efficiently.

 

MST.C.01.PI.C.01 ~ MATHEMATICAL ANALYSIS ~ apply algebraic and geometric concepts and skills to the solution of problems.

 

MST.C.01.PI.D.02 ~ SCIENTIFIC INQUIRY ~ hone ideas through reasoning, library research, and discussion with others, including experts.

 

MST.C.02.PI.A.01 ~ INFORMATION SYSTEMS ~ understand and use the more advanced features of word processing, spreadsheets, and data-base software.

 

 

 

 

 

General Info & Terms

 

Review and master terminology associated with Insurance: Life, health, property and automobile

 

 

 

 

 

 

 

MGT 8 ~ Technology and Information Management – Utilize information and technology tools to conduct business effectively and efficiently.

 

MST.C.01 ~ STUDENTS WILL USE MATHEMATICAL ANALYSIS, SCIENTIFIC INQUIRY, AND ENGINEERING DESIGN, AS APPROPRIATE, TO POSE QUESTIONS, SEEK ANSWERS, AND DEVELOP SOLUTIONS.

 

 

 

 

 

Life Insurance

 

Familiarize with the types of life insurance policies - Term, whole-life and limited payment

Determine premium payments based on personal data

Calculate and compare premium costs of life insurance types

Recognize competition between providers and choose appropriate coverage/insurance carrier on an individual basis

Identify benefits of life insurance coverage - cash value, coverage and dividends

 

 

 

 

 

 

 

COMP 1 ~ Mathematical Foundations – Apply basic mathematical operations to solve problems.

 

FIN 5 ~ Buying Goods and Services – Apply a decision-making model to maximize consumer satisfaction when buying goods and services.

 

FIN 8 ~ Protecting Against Risk – Analyze choices available to consumers for protection against risk and financial loss.

 

MST.C.01.PI.C.01 ~ MATHEMATICAL ANALYSIS ~ apply algebraic and geometric concepts and skills to the solution of problems.

 

MST.C.07.PI.A.02 ~ CONNECTIONS ~ analyze and quantify consumer product data, understand environmental and economic impacts, develop a method for judging the value and efficacy of competing products, and discuss cost/benefit and risk/benefit tradeoffs made in arriving at the optimal choice.

 

MST.C.07.PI.B.01 ~ STRATEGIES ~ Students participate in an extended, culminating mathematics, science, and technology project. The project would require students to: work effectively; gather and process information; generate and analyze ideas; observe common themes; realize ideas; present results.

 

 

 

 

 

Property Insurance

 

Identify losses and limitations protected by property insurance coverage

Apply premiums to determine property insurance costs

Utilize Venn Diagrams to show relationships (pg. 335)

Identify benefits of mutiple insurance coverage/dividing loss among several companies

 

 

 

 

 

 

 

COMP 1 ~ Mathematical Foundations – Apply basic mathematical operations to solve problems.

 

FIN 5 ~ Buying Goods and Services – Apply a decision-making model to maximize consumer satisfaction when buying goods and services.

 

FIN 8 ~ Protecting Against Risk – Analyze choices available to consumers for protection against risk and financial loss.

 

MST.C.01.PI.A.01 ~ MATHEMATICAL ANALYSIS ~ use algebraic and geometric representations to describe and compare data.

 

MST.C.01.PI.B.01 ~ MATHEMATICAL ANALYSIS ~ use deductive reasoning to construct and evaluate conjectures and arguments, recognizing that patterns and relationships in mathematics assist them in arriving at these conjectures and arguments.

 

 

 

 

 

Automobile Insurance

 

Identify types of automobile insurance and coverage for each: collision, comprehensive, bodily injury and property damage

Perform mathematical calculations and become familiar with the formuals associated with auto insurance premiums

Review basic math skills associated with insurance cost determination - percentages, level determination, tables and multiplication

Prepare a spreadsheet to figure insurance loss payments (p 342)

 

 

 

 

 

 

 

COMP 1 ~ Mathematical Foundations – Apply basic mathematical operations to solve problems.

 

FIN 5 ~ Buying Goods and Services – Apply a decision-making model to maximize consumer satisfaction when buying goods and services.

 

FIN 8 ~ Protecting Against Risk – Analyze choices available to consumers for protection against risk and financial loss.

 

MST.C.01.PI.A.01 ~ MATHEMATICAL ANALYSIS ~ use algebraic and geometric representations to describe and compare data.

 

MST.C.01.PI.C.01 ~ MATHEMATICAL ANALYSIS ~ apply algebraic and geometric concepts and skills to the solution of problems.

 

MST.C.02.PI.A.01 ~ INFORMATION SYSTEMS ~ understand and use the more advanced features of word processing, spreadsheets, and data-base software.

 

 

 

 

Careers associated with Business Math

 

 Essential Questions 

 Content 

 Skills 

 Assessments 

 Lessons 

 Resources 

 Standards 

 

 

Careers Available

 

Identify careers related to the Business Math Curriculum

Research various related careers

 

 

 

 

 

 

 

CAR 1 ~ Self-Awareness – Assess personal skills, abilities, and aptitudes and personal strengths and weaknesses as they relate to career exploration and development.

 

CAR 2 ~ Career Research – Utilize career resources to develop a career information database that includes international career opportunities.

 

MST.C.07.PI.A.03 ~ CONNECTIONS ~ design solutions to real-world problems on a community, national, or global scale using a technological design process that integrates scientific investigation and rigorous mathematical analysis of the problem and of the solution.

 

MST.C.07.PI.B.01 ~ STRATEGIES ~ Students participate in an extended, culminating mathematics, science, and technology project. The project would require students to: work effectively; gather and process information; generate and analyze ideas; observe common themes; realize ideas; present results.

 

 

 

 

F
E
B
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Savings and Interest

 

 Essential Questions 

 Content 

 Skills 

 Assessments 

 Lessons 

 Resources 

 Standards 

 

 

Savings and Interest

 

Review and master terminology associated with Savings and interest

Interpret interest rate percentages (decimal conversion)

Calculate simple and compound interest using formula (I=prt)

Calculate compund interest using compound interest table (p356)

Identify quarterly and semi-annual time frame in months

Calculate quarterly and semi-annual interest

Utilize formula to calculate effective rate of interest and analyze results

Identify types of savings accounts and the specific terminology associated with the accounts: time deposits and money markets

Differentiate between interest and non-interest bearing notes (p364)

Calculate simple and compound interest using formula (I=prt) specifically associated with promissory notes

Differentiate between exact interest and bankers interest

Ditinguish between interest rate and yield rate

Figure the rate of interest based on formula

Analyze process/reasoning of discounting notes

Practice mathematical skills associated with interest

Read and interpret interest and date tables

Determine due dates and figure results based on months, days and years

 

 

 

 

 

 

 

COMP 1 ~ Mathematical Foundations – Apply basic mathematical operations to solve problems.

 

COMP 2 ~ Number Relationships and Operations – Solve problems involving whole numbers, decimals, fraction, percents, ratios, averages, and proportions.

 

COMP 6 ~ Problem-Solving Applications – Use mathematical procedures to analyze and solve business problems.

 

FIN 4 ~ Saving and Investing – Evaluate savings and investment options to meet short- and long-term goals.

 

MGT 10 ~ Financial Decision Making – Analyze financial data influenced by internal and external factors in order to make short-term and long-term decisions.

 

MGT 8 ~ Technology and Information Management – Utilize information and technology tools to conduct business effectively and efficiently.

 

MST.C.01.PI.C.01 ~ MATHEMATICAL ANALYSIS ~ apply algebraic and geometric concepts and skills to the solution of problems.

 

MST.C.01.PI.D.02 ~ SCIENTIFIC INQUIRY ~ hone ideas through reasoning, library research, and discussion with others, including experts.

 

MST.C.06.PI.B.03 ~ MODEL ~ find and use mathematical models that behave in the same manner as the processes under investigation.

 

MST.C.07 ~ STUDENTS WILL APPLY THE KNOWLEDGE AND THINKING SKILLS OF MATHEMATICS, SCIENCE, AND TECHNOLOGY TO ADDRESS REAL-LIFE PROBLEMS AND MAKE INFORMED DECISIONS.

 

 

 

 

Installment buying and credit

 

 Essential Questions 

 Content 

 Skills 

 Assessments 

 Lessons 

 Resources 

 Standards 

 

 

Installment buying and credit

 

Review and master terminology associated with installment buying and use of credit

Find the installment price and finance charge on installment loans

Calculate monthly payments

Calculate the annual percentage rate (APR)

Review the difference between APR and Yield

 

 

 

 

 

 

 

COMP 1 ~ Mathematical Foundations – Apply basic mathematical operations to solve problems.

 

COMP 6 ~ Problem-Solving Applications – Use mathematical procedures to analyze and solve business problems.

 

FIN 5 ~ Buying Goods and Services – Apply a decision-making model to maximize consumer satisfaction when buying goods and services.

 

FIN 7 ~ Using Credit – Analyze factors that affect the choice of credit, the cost of credit, and the legal aspects of using credit.

 

FIN 8 ~ Protecting Against Risk – Analyze choices available to consumers for protection against risk and financial loss.

 

MGT 8 ~ Technology and Information Management – Utilize information and technology tools to conduct business effectively and efficiently.

 

MST.C.01.PI.C.01 ~ MATHEMATICAL ANALYSIS ~ apply algebraic and geometric concepts and skills to the solution of problems.

 

MST.C.01.PI.D.02 ~ SCIENTIFIC INQUIRY ~ hone ideas through reasoning, library research, and discussion with others, including experts.

 

 

 

 

M
A
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Investing

 

 Essential Questions 

 Content 

 Skills 

 Assessments 

 Lessons 

 Resources 

 Standards 

 

 

Investing in Bonds

 

Review and master basic terminology of bonds

Interpret market price of bonds

Distinguish between face value and market value of a bond.

Calculate market price of bond

Determine the amount of money invested in a bond(s)

Calculate Brokers' commission

Read and Properly interpret Bond Quotation Tables

Calculate the value of bond income

Calculate the rate of income on a bond investment

Determine redemption value and interest on savings bonds

 

 

 

 

 

 

 

COMP 6 ~ Problem-Solving Applications – Use mathematical procedures to analyze and solve business problems.

 

FIN 4 ~ Saving and Investing – Evaluate savings and investment options to meet short- and long-term goals.

 

MGT 8 ~ Technology and Information Management – Utilize information and technology tools to conduct business effectively and efficiently.

 

MST.C.01.PI.C.01 ~ MATHEMATICAL ANALYSIS ~ apply algebraic and geometric concepts and skills to the solution of problems.

 

MST.C.07.PI.A.02 ~ CONNECTIONS ~ analyze and quantify consumer product data, understand environmental and economic impacts, develop a method for judging the value and efficacy of competing products, and discuss cost/benefit and risk/benefit tradeoffs made in arriving at the optimal choice.

 

MST.C.07.PI.B.01 ~ STRATEGIES ~ Students participate in an extended, culminating mathematics, science, and technology project. The project would require students to: work effectively; gather and process information; generate and analyze ideas; observe common themes; realize ideas; present results.

 

 

 

 

Investing (cont)

 

 Essential Questions 

 Content 

 Skills 

 Assessments 

 Lessons 

 Resources 

 Standards 

 

 

Investing in Stocks

 

Review and master basic terminology of bonds

Calculate the total cost of a stock purchase

Read and properly interpret a stock table

Distinguish between the classes of stocks

Calculate and determine income from stock

Determine the yield on a stock investment

Find the proceeds from the sale of stock

Find the profit or loss from the sale of a stock

Determine total gain from owning stock

 

 

 

 

 

 

 

COMP 6 ~ Problem-Solving Applications – Use mathematical procedures to analyze and solve business problems.

 

FIN 4 ~ Saving and Investing – Evaluate savings and investment options to meet short- and long-term goals.

 

MGT 8 ~ Technology and Information Management – Utilize information and technology tools to conduct business effectively and efficiently.

 

MST.C.01 ~ STUDENTS WILL USE MATHEMATICAL ANALYSIS, SCIENTIFIC INQUIRY, AND ENGINEERING DESIGN, AS APPROPRIATE, TO POSE QUESTIONS, SEEK ANSWERS, AND DEVELOP SOLUTIONS.

 

MST.C.01.PI.C.01 ~ MATHEMATICAL ANALYSIS ~ apply algebraic and geometric concepts and skills to the solution of problems.

 

MST.C.01.PI.E.02 ~ SCIENTIFIC INQUIRY ~ refine their research ideas through library investigations, including electronic information retrieval and reviews of the literature, and through peer feedback obtained from review and discussion.

 

 

 

 

 

Investing in Mutual Funds

 

Master the basic terminology and nature of mutual funds

Determine total investment in mutual fund shares

Calculate the number of shares purchased

Determine the rate of commission for a mutual fund

Calculate the proceeds from the sale of a mutual fund

Determine profit or loss from the sale of a mutual fund

 

 

 

 

 

 

 

COMP 6 ~ Problem-Solving Applications – Use mathematical procedures to analyze and solve business problems.

 

FIN 4 ~ Saving and Investing – Evaluate savings and investment options to meet short- and long-term goals.

 

MGT 8 ~ Technology and Information Management – Utilize information and technology tools to conduct business effectively and efficiently.

 

MST.C.01.PI.A.01 ~ MATHEMATICAL ANALYSIS ~ use algebraic and geometric representations to describe and compare data.

 

MST.C.01.PI.C.01 ~ MATHEMATICAL ANALYSIS ~ apply algebraic and geometric concepts and skills to the solution of problems.

 

MST.C.01.PI.D.01 ~ SCIENTIFIC INQUIRY ~ elaborate on basic scientific and personal explanations of natural phenomena, and develop extended visual models and mathematical formulations to represent their thinking.

 

 

 

 

 

Investing in Real Estate

 

Calculate net income from a real estate investment

Calculate the rate of return from a real estate investment

Determine what to charge for rent on a rental/real estate investment

Determine capital investment

 

 

 

 

 

 

 

COMP 6 ~ Problem-Solving Applications – Use mathematical procedures to analyze and solve business problems.

 

FIN 4 ~ Saving and Investing – Evaluate savings and investment options to meet short- and long-term goals.

 

MGT 8 ~ Technology and Information Management – Utilize information and technology tools to conduct business effectively and efficiently.

 

MST.C.01.PI.A.01 ~ MATHEMATICAL ANALYSIS ~ use algebraic and geometric representations to describe and compare data.

 

MST.C.01.PI.C.01 ~ MATHEMATICAL ANALYSIS ~ apply algebraic and geometric concepts and skills to the solution of problems.

 

MST.C.07.PI.A.02 ~ CONNECTIONS ~ analyze and quantify consumer product data, understand environmental and economic impacts, develop a method for judging the value and efficacy of competing products, and discuss cost/benefit and risk/benefit tradeoffs made in arriving at the optimal choice.

 

 

 

 

A
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Financial Statement Analysis

 

 Essential Questions 

 Content 

 Skills 

 Assessments 

 Lessons 

 Resources 

 Standards 

 

 

Profit and Loss Statements

 

Gain an understanding of the purpose of an income statement

Distinguish between the costs of goods sold and operating expenses

Calculate the cost of goods sold

Determine operating expenses and total operating expenses

Gain an understanding of depreciation

Calculate basic depreciation

Learn and utilize basic formulas for determining profit and loss

Perform basic income statement analysis

 

 

 

 

 

 

 

ACC 3 ~ Financial Statements – Prepare, interpret, and analyze financial statements using manual and computerized systems for service, merchandising, and manufacturing businesses.

 

COMP 1 ~ Mathematical Foundations – Apply basic mathematical operations to solve problems.

 

COMP 6 ~ Problem-Solving Applications – Use mathematical procedures to analyze and solve business problems.

 

MGT 10 ~ Financial Decision Making – Analyze financial data influenced by internal and external factors in order to make short-term and long-term decisions.

 

MST.C.01.PI.C.01 ~ MATHEMATICAL ANALYSIS ~ apply algebraic and geometric concepts and skills to the solution of problems.

 

MST.C.01.PI.D.02 ~ SCIENTIFIC INQUIRY ~ hone ideas through reasoning, library research, and discussion with others, including experts.

 

MST.C.02.PI.A.01 ~ INFORMATION SYSTEMS ~ understand and use the more advanced features of word processing, spreadsheets, and data-base software.

 

 

 

 

 

The Balance Sheet

 

Gain an understanding of the purpose of a Balance Sheet

Gain a basic understanding of Assests, Liabilities and Owners Equity

Identify different types of Assests, Liabilities and Owners Equity

Learn the basic Accounting Equation

Solve for missing elements in the Accounting Equation

Perform basic Balance Sheet analysis

 

 

 

 

 

 

 

ACC 3 ~ Financial Statements – Prepare, interpret, and analyze financial statements using manual and computerized systems for service, merchandising, and manufacturing businesses.

 

COMP 1 ~ Mathematical Foundations – Apply basic mathematical operations to solve problems.

 

COMP 6 ~ Problem-Solving Applications – Use mathematical procedures to analyze and solve business problems.

 

MGT 10 ~ Financial Decision Making – Analyze financial data influenced by internal and external factors in order to make short-term and long-term decisions.

 

MST.C.01.PI.C.01 ~ MATHEMATICAL ANALYSIS ~ apply algebraic and geometric concepts and skills to the solution of problems.

 

MST.C.01.PI.F.01 ~ SCIENTIFIC INQUIRY ~ use various means of representing and organizing observations (e.g., diagrams, tables, charts, graphs, equations, matrices) and insightfully interpret the organized data.

 

 

 

 

 

Distributing Business Income

 

Learn and utilize the methods associated with partnership income distribution

Calculate and distribute income among partners

Gain an understanding of capital stock

Calculate dividends

Determine the rate of dividend

Examine the concept of retained earnings

 

 

 

 

 

 

 

COMP 1 ~ Mathematical Foundations – Apply basic mathematical operations to solve problems.

 

COMP 2 ~ Number Relationships and Operations – Solve problems involving whole numbers, decimals, fraction, percents, ratios, averages, and proportions.

 

ENT 4 ~ Finance – Use the financial competencies needed by an entrepreneur.

 

MST.C.01.PI.A.01 ~ MATHEMATICAL ANALYSIS ~ use algebraic and geometric representations to describe and compare data.

 

MST.C.01.PI.B.01 ~ MATHEMATICAL ANALYSIS ~ use deductive reasoning to construct and evaluate conjectures and arguments, recognizing that patterns and relationships in mathematics assist them in arriving at these conjectures and arguments.

 

 

 

 

 

Bankruptcy

 

Gain an understnding of basic bankruptcy concepts

Gain an understanding of preferred claims on assets

Determine percent paid on each claim

Calculate dollar value of claims paid

Examine reality of asset liquidation and consequences of bankruptcy on other business

 

 

 

 

 

 

 

COMP 1 ~ Mathematical Foundations – Apply basic mathematical operations to solve problems.

 

ECO 7 ~ The Role of Government – Analyze the role of government in economic systems, especially the role of government in the U.S. economy.

 

MST.C.01.PI.A.01 ~ MATHEMATICAL ANALYSIS ~ use algebraic and geometric representations to describe and compare data.

 

MST.C.01.PI.C.01 ~ MATHEMATICAL ANALYSIS ~ apply algebraic and geometric concepts and skills to the solution of problems.

 

MST.C.01.PI.F.01 ~ SCIENTIFIC INQUIRY ~ use various means of representing and organizing observations (e.g., diagrams, tables, charts, graphs, equations, matrices) and insightfully interpret the organized data.

 

 

 

 

Probability

 

 Essential Questions 

 Content 

 Skills 

 Assessments 

 Lessons 

 Resources 

 Standards 

 

 

Measures of Central Tendency

 

Find the mean, median, mode and range for a set of data

Interpret frequency tables

Construct a frequency table

 

 

 

 

 

 

 

COMP 1 ~ Mathematical Foundations – Apply basic mathematical operations to solve problems.

 

COMP 3 ~ Patterns, Functions and Algebra – Use algebraic operations to solve problems.

 

COMP 5 ~ Statistics and Probability – Analyze and interpret data using common statistical procedures.

 

MST.C.01.PI.A.01 ~ MATHEMATICAL ANALYSIS ~ use algebraic and geometric representations to describe and compare data.

 

MST.C.01.PI.C.01 ~ MATHEMATICAL ANALYSIS ~ apply algebraic and geometric concepts and skills to the solution of problems.

 

MST.C.01.PI.F.01 ~ SCIENTIFIC INQUIRY ~ use various means of representing and organizing observations (e.g., diagrams, tables, charts, graphs, equations, matrices) and insightfully interpret the organized data.

 

 

 

 

 

Everyday and business uses of Probability

 

Find the probability of simple events

Determine experimental probabilty utilizing random samples

Determine Probability based on past experience/events

 

 

 

 

 

 

 

COMP 1 ~ Mathematical Foundations – Apply basic mathematical operations to solve problems.

 

COMP 5 ~ Statistics and Probability – Analyze and interpret data using common statistical procedures.

 

COMP 6 ~ Problem-Solving Applications – Use mathematical procedures to analyze and solve business problems.

 

MST.C.01.PI.C.01 ~ MATHEMATICAL ANALYSIS ~ apply algebraic and geometric concepts and skills to the solution of problems.

 

MST.C.01.PI.E.01 ~ SCIENTIFIC INQUIRY ~ devise ways of making observations to test proposed explanations.

 

MST.C.07.PI.A.03 ~ CONNECTIONS ~ design solutions to real-world problems on a community, national, or global scale using a technological design process that integrates scientific investigation and rigorous mathematical analysis of the problem and of the solution.

 

 

 

 

 

Graphs

 

Distinguish between different types of graphs

Interpret various types of graphs

Construct various types of graphs

 

 

 

 

 

 

 

COM 3 ~ Technological Communication – Use technology to enhance the effectiveness of communication.

 

MGT 8 ~ Technology and Information Management – Utilize information and technology tools to conduct business effectively and efficiently.

 

MST.C.01.PI.A.01 ~ MATHEMATICAL ANALYSIS ~ use algebraic and geometric representations to describe and compare data.

 

MST.C.01.PI.F.01 ~ SCIENTIFIC INQUIRY ~ use various means of representing and organizing observations (e.g., diagrams, tables, charts, graphs, equations, matrices) and insightfully interpret the organized data.

 

 

 

 

 

Economic Statistics

 

Determine the rate of inflation

Calculate the purchasing power of a dollar

Read, interpret and utilize the Consumer Price Index

Read, interpret and utilize unemployment tables

 

 

 

 

 

 

 

COMP 1 ~ Mathematical Foundations – Apply basic mathematical operations to solve problems.

 

COMP 6 ~ Problem-Solving Applications – Use mathematical procedures to analyze and solve business problems.

 

MGT 10 ~ Financial Decision Making – Analyze financial data influenced by internal and external factors in order to make short-term and long-term decisions.

 

MGT 8 ~ Technology and Information Management – Utilize information and technology tools to conduct business effectively and efficiently.

 

MST.C.01.PI.A.01 ~ MATHEMATICAL ANALYSIS ~ use algebraic and geometric representations to describe and compare data.

 

MST.C.07 ~ STUDENTS WILL APPLY THE KNOWLEDGE AND THINKING SKILLS OF MATHEMATICS, SCIENCE, AND TECHNOLOGY TO ADDRESS REAL-LIFE PROBLEMS AND MAKE INFORMED DECISIONS.

 

 

 

 

M
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Y

International Business

 

 Essential Questions 

 Content 

 Skills 

 Assessments 

 Lessons 

 Resources 

 Standards 

 

 

What is International Business

 

Gain an understanding of international business and the basic concepts of what it entails

Determine trade surpluses and trade deficits

Calculate and compare Gross Domestic Products of various countries

Detemine Per Capita GDP

 

 

 

 

 

 

 

ENT 7 ~ Global Markets – Analyze the effect of cultural differences, export/import opportunities, and trends on an entrepreneurial venture in the global marketplace.

 

IB 1 ~ Foundations of International Business – Explain the role of international business; analyze how it impacts business at all levels (including the local, state, national, and international levels).

 

IB 6 ~ International Trade Relations – Relate balance of trade concepts to the import/export process.

 

MST.C.01.PI.C.01 ~ MATHEMATICAL ANALYSIS ~ apply algebraic and geometric concepts and skills to the solution of problems.

 

MST.C.06.PI.C.01 ~ MAGNITUDE AND SCALE ~ describe the effects of changes in scale on the functioning of physical, biological, or designed systems.

 

MST.C.06.PI.E.02 ~ PATTERNS OF CHANGE ~ search for multiple trends when analyzing data for patterns, and identify data that do not fit the trends.

 

 

 

 

 

Currency Conversion

 

Identify currency exchange rates

Convert foreign currencies and determine the value in US dollars

 

 

 

 

 

 

 

COMP 1 ~ Mathematical Foundations – Apply basic mathematical operations to solve problems.

 

COMP 4 ~ Measurements – Use common international standards of measurement when solving problems.

 

MST.C.01.PI.A.01 ~ MATHEMATICAL ANALYSIS ~ use algebraic and geometric representations to describe and compare data.

 

MST.C.01.PI.C.01 ~ MATHEMATICAL ANALYSIS ~ apply algebraic and geometric concepts and skills to the solution of problems.

 

 

 

 

 

Time Zones

 

Identify different time zones

Calculate time differences in different time zones

 

 

 

 

 

 

 

COMP 1 ~ Mathematical Foundations – Apply basic mathematical operations to solve problems.

 

COMP 4 ~ Measurements – Use common international standards of measurement when solving problems.

 

MST.C.01 ~ STUDENTS WILL USE MATHEMATICAL ANALYSIS, SCIENTIFIC INQUIRY, AND ENGINEERING DESIGN, AS APPROPRIATE, TO POSE QUESTIONS, SEEK ANSWERS, AND DEVELOP SOLUTIONS.

 

MST.C.07 ~ STUDENTS WILL APPLY THE KNOWLEDGE AND THINKING SKILLS OF MATHEMATICS, SCIENCE, AND TECHNOLOGY TO ADDRESS REAL-LIFE PROBLEMS AND MAKE INFORMED DECISIONS.

 

 

 

 

Purchasing and Pricing

 

 Essential Questions 

 Content 

 Skills 

 Assessments 

 Lessons 

 Resources 

 Standards 

 

 

Interpreting Purchase invoices

 

Read and properly interpret items on an invoice

Gain an understaning of "Terms of Sale"

 

 

 

 

 

 

 

ECO 4 ~ Markets and Prices – Analyze the role of markets and prices in the U.S. economy.

 

MST.C.07.PI.A.02 ~ CONNECTIONS ~ analyze and quantify consumer product data, understand environmental and economic impacts, develop a method for judging the value and efficacy of competing products, and discuss cost/benefit and risk/benefit tradeoffs made in arriving at the optimal choice.

 

 

 

 

 

Find due dates of invoices

 

Determine when an invoice can and should be paid

 

 

 

 

 

 

 

COMP 1 ~ Mathematical Foundations – Apply basic mathematical operations to solve problems.

 

ENT 4 ~ Finance – Use the financial competencies needed by an entrepreneur.

 

 

 

 

 

Calculate and utilize cash discounts

 

Identify reasons behind discount offers

Determine the value and terms of a discount

Evaluate utilization of cash discounts

Determine Rate of Cash Discount

 

 

 

 

 

 

 

ECO 4 ~ Markets and Prices – Analyze the role of markets and prices in the U.S. economy.

 

ENT 4 ~ Finance – Use the financial competencies needed by an entrepreneur.

 

FIN 5 ~ Buying Goods and Services – Apply a decision-making model to maximize consumer satisfaction when buying goods and services.

 

MST.C.01 ~ STUDENTS WILL USE MATHEMATICAL ANALYSIS, SCIENTIFIC INQUIRY, AND ENGINEERING DESIGN, AS APPROPRIATE, TO POSE QUESTIONS, SEEK ANSWERS, AND DEVELOP SOLUTIONS.

 

MST.C.01.PI.D.02 ~ SCIENTIFIC INQUIRY ~ hone ideas through reasoning, library research, and discussion with others, including experts.

 

 

 

 

 

Determine Net Purchases

 

Calculate net purchase amount

 

 

 

 

 

 

 

COMP 6 ~ Problem-Solving Applications – Use mathematical procedures to analyze and solve business problems.

 

ECO 4 ~ Markets and Prices – Analyze the role of markets and prices in the U.S. economy.

 

MST.C.01.PI.A.01 ~ MATHEMATICAL ANALYSIS ~ use algebraic and geometric representations to describe and compare data.

 

MST.C.01.PI.C.01 ~ MATHEMATICAL ANALYSIS ~ apply algebraic and geometric concepts and skills to the solution of problems.

 

 

 

 

J
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E

Exam Review

 

 Essential Questions 

 Content 

 Skills 

 Assessments 

 Lessons 

 Resources 

 Standards 

 

 

Exam Review

 

Review all aspects of the Curriculum