D2L Corporation
2014-05-12T14:12:38-04:00
2014-05-12T14:12:38-04:00
D2L Corporation
CTE Model Curriculum Standards: Business and Finance
Persons trained in fields such as business management, international trade, and various financial services specialties (e.g., accounting, banking, and investing) will find that their skills are highly marketable. Students master basic business principles and procedures before proceeding to the career path specializations. The specializations emphasize concepts of accounting and finance, including computer applications, taxes, investments, and asset management as well as pathways in international business and business management.
2014-05-12
2013
California Department of Education
Knowledge and Performance
1.0
Anchor Standard
Academics
Analyze and apply appropriate academic standards required for successful industry sector pathway completion leading to postsecondary education and employment. Refer to the Business and Finance academic alignment matrix for identification of standards.
2.0
Anchor Standard
Communications
Acquire and accurately use Business and Finance sector terminology and protocols at the career and college readiness level for communicating effectively in oral, written, and multimedia formats.
2.1
Performance Indicator
Recognize the elements of communication using a sender–receiver model.
2.2
Performance Indicator
Identify barriers to accurate and appropriate communication.
2.3
Performance Indicator
Interpret verbal and nonverbal communications and respond appropriately.
2.4
Performance Indicator
Demonstrate elements of written and electronic communication such as accurate spelling, grammar, and format.
2.5
Performance Indicator
Communicate information and ideas effectively to multiple audiences using a variety of media and formats.
2.6
Performance Indicator
Advocate and practice safe, legal, and responsible use of digital media information and communications technologies.
3.0
Anchor Standard
Career Planning and Management
Integrate multiple sources of career information from diverse formats to make informed career decisions, solve problems, and manage personal career plans.
3.1
Performance Indicator
Identify personal interests, aptitudes, information, and skills necessary for informed career decision making.
3.2
Performance Indicator
Evaluate personal character traits such as trust, respect, and responsibility and understand the impact they can have on career success.
3.3
Performance Indicator
Explore how information and communication technologies are used in career planning and decision making.
3.4
Performance Indicator
Research the scope of career opportunities available and the requirements for education, training, certification, and licensure.
3.5
Performance Indicator
Integrate changing employment trends, societal needs, and economic conditions into career planning.
3.6
Performance Indicator
Recognize the role and function of professional organizations, industry associations, and organized labor in a productive society.
3.7
Performance Indicator
Recognize the importance and impact small businesses have on our state, nation and world economies.
3.8
Performance Indicator
Understand how digital media are used by potential employers and postsecondary agencies to evaluate candidates.
3.9
Performance Indicator
Develop a career plan that reflects career interests, pathways, and postsecondary options.
4.0
Anchor Standard
Technology
Use existing and emerging technology to investigate, research, and produce products and services, including new information, as required in the Business and Finance sector workplace environment.
4.1
Performance Indicator
Use electronic reference materials to gather information and produce products and services.
4.2
Performance Indicator
Employ Web-based communications responsibly and effectively to explore complex systems and issues.
4.3
Performance Indicator
Use information and communication technologies to synthesize, summarize, compare, and contrast information from multiple sources.
4.4
Performance Indicator
Discern the quality and value of information collected using digital technologies, and recognize bias and intent of the associated sources.
4.5
Performance Indicator
Research past, present, and projected technological advances as they impact a particular pathway.
4.6
Performance Indicator
Assess the value of various information and communication technologies to interact with constituent populations as part of a search of the current literature or in relation to the information task.
5.0
Anchor Standard
Problem Solving and Critical Thinking
Conduct short, as well as more sustained, research to create alternative solutions to answer a question or solve a problem unique to the Business and Finance sector using critical and creative thinking, logical reasoning, analysis, inquiry, and problem-solving techniques.
5.1
Performance Indicator
Identify and ask significant questions that clarify various points of view to solve problems.
5.2
Performance Indicator
Solve predictable and unpredictable work-related problems using various types of reasoning (inductive, deductive) as appropriate.
5.3
Performance Indicator
Use systems thinking to analyze how various components interact with each other to produce outcomes in a complex work environment.
5.4
Performance Indicator
Interpret information and draw conclusions, based on the best analysis, to make informed decisions.
6.0
Anchor Standard
Health and Safety
Demonstrate health and safety procedures, regulations, and personal health practices and determine the meaning of symbols, key terms, and domain-specific words and phrases as related to the Business and Finance sector workplace environment.
6.1
Performance Indicator
Locate, and adhere to, Material Safety Data Sheet (MSDS) instructions.
6.2
Performance Indicator
Interpret policies, procedures, and regulations for the workplace environment, including employer and employee responsibilities.
6.3
Performance Indicator
Use health and safety practices for storing, cleaning, and maintaining tools, equipment, and supplies.
6.4
Performance Indicator
Practice personal safety when lifting, bending, or moving equipment and supplies.
6.5
Performance Indicator
Demonstrate how to prevent and respond to work-related accidents or injuries; this includes demonstrating an understanding of ergonomics.
6.6
Performance Indicator
Maintain a safe and healthful working environment.
6.7
Performance Indicator
Be informed of laws/acts pertaining to the Occupational Safety and Health Administration (OSHA).
7.0
Anchor Standard
Responsibility and Flexibility
Initiate, and participate in, a range of collaborations demonstrating behaviors that reflect personal and professional responsibility, flexibility, and respect in the Business and Finance sector workplace environment and community settings.
7.1
Performance Indicator
Recognize how financial management impacts the economy, workforce, and community.
7.2
Performance Indicator
Explain the importance of accountability and responsibility in fulfilling personal, community, and workplace roles.
7.3
Performance Indicator
Understand the need to adapt to changing and varied roles and responsibilities.
7.4
Performance Indicator
Practice time management and efficiency to fulfill responsibilities.
7.5
Performance Indicator
Apply high-quality techniques to product or presentation design and development.
7.6
Performance Indicator
Demonstrate knowledge and practice of responsible financial management.
7.7
Performance Indicator
Demonstrate the qualities and behaviors that constitute a positive and professional work demeanor, including appropriate attire for the profession.
7.8
Performance Indicator
Explore issues of global significance and document the impact on the Business and Finance sector.
8.0
Anchor Standard
Ethics and Legal Responsibilities
Practice professional, ethical, and legal behavior, responding thoughtfully to diverse perspectives and resolving contradictions when possible, consistent with applicable laws, regulations, and organizational norms.
8.1
Performance Indicator
Access, analyze, and implement quality assurance standards of practice.
8.2
Performance Indicator
Identify local, district, state, and federal regulatory agencies, entities, laws, and regulations related to the Business and Finance industry sector
8.3
Performance Indicator
Demonstrate ethical and legal practices consistent with Business and Finance sector workplace standards.
8.4
Performance Indicator
Explain the importance of personal integrity, confidentiality, and ethical behavior in the workplace.
8.5
Performance Indicator
Analyze organizational culture and practices within the workplace environment.
8.6
Performance Indicator
Adhere to copyright and intellectual property laws and regulations, and use and appropriately cite proprietary information.
8.7
Performance Indicator
Conform to rules and regulations regarding sharing of confidential information, as determined by Business and Finance sector laws and practices.
9.0
Anchor Standard
Work with peers to promote divergent and creative perspectives, effective leadership, group dynamics, team and individual decision making, benefits of workforce diversity, and conflict resolution as practiced in the Future Business Leaders of America (FBLA) career technical student organization.
9.1
Performance Indicator
Define leadership and identify the responsibilities, competencies, and behaviors of successful leaders.
9.2
Performance Indicator
Identify the characteristics of successful teams, including leadership, cooperation, collaboration, and effective decision-making skills as applied in groups, teams, and career technical student organization activities.
9.3
Performance Indicator
Understand the characteristics and benefits of teamwork, leadership, and citizenship in the school, community, and workplace setting.
9.4
Performance Indicator
Explain how professional associations and organizations and associated leadership development and competitive career development activities enhance academic preparation, promote career choices, and contribute to employment opportunities.
9.5
Performance Indicator
Understand that the modern world is an international community and requires an expanded global view.
9.6
Performance Indicator
Respect individual and cultural differences and recognize the importance of diversity in the workplace.
9.7
Performance Indicator
Participate in interactive teamwork to solve real Business and Finance sector issues and problems.
10.0
Anchor Standard
Technical Knowledge and Skills
Apply essential technical knowledge and skills common to all pathways in the Business and Finance sector, following procedures when carrying out experiments or performing technical tasks.
10.1
Performance Indicator
Interpret and explain terminology and practices specific to the Business and Finance sector.
10.2
Performance Indicator
Comply with the rules, regulations, and expectations of all aspects of the Business and Finance sector.
10.3
Performance Indicator
Construct projects and products specific to the Business and Finance sector requirements and expectations.
10.4
Performance Indicator
Collaborate with industry experts for specific technical knowledge and skills.
10.5
Performance Indicator
Interpret financial data, analyze results, and make sensible business decisions to promote a financially reliable business.
10.6
Performance Indicator
Evaluate the variety, nature, and diversity of investment vehicles and the elements that contribute to financial growth and success.
10.7
Performance Indicator
Adapt the distribution concepts and processes needed to move, store, locate, and transfer ownership of goods or services.
10.8
Performance Indicator
Integrate the techniques and strategies used to foster positive, ongoing relationships with customers, suppliers, investors, and community.
10.9
Performance Indicator
Evaluate the impact of local, state, federal, and/or international regulations on business and financial management decisions.
10.10
Performance Indicator
Apply the economic principles and concepts fundamental to business operations.
10.11
Performance Indicator
Recognize the importance of marketing in a global economy.
10.12
Performance Indicator
Develop a system for keeping and using financial records and a personal financial plan to manage cash flow and maintain creditworthiness.
11.0
Anchor Standard
Demonstration and Application
Demonstrate and apply the knowledge and skills contained in the Business and Finance anchor standards, pathway standards, and performance indicators in classroom, laboratory, and workplace settings, and through the Future Business Leaders of America (FBLA) career technical student organization.
11.1
Performance Indicator
Utilize work-based/workplace learning experiences to demonstrate and expand upon knowledge and skills gained during classroom instruction and laboratory practices specific to the Business and Finance sector program of study.
11.2
Performance Indicator
Demonstrate proficiency in a career technical pathway that leads to certification, licensure, and/or continued learning at the postsecondary level.
11.3
Performance Indicator
Demonstrate entrepreneurship skills and knowledge of self-employment options and innovative ventures.
11.4
Performance Indicator
Employ entrepreneurial practices and behaviors appropriate to Business and Finance sector opportunities.
11.5
Performance Indicator
Create a portfolio, or similar collection of work, that offers evidence through assessment and evaluation of skills and knowledge competency as contained in the anchor standards, pathway standards, and performance indicators.
Pathway Standards
A.
Business Management
Management consists of planning, leading, and controlling an organization or effort to accomplish a goal. In the Business Management pathway, students learn entrepreneurship and business fundamentals, goal-setting, resource allocation, organizational structure and management techniques, economics, financial data, risk management, information technology, and supply chain management.
A1.0
Pathway Standard
Explain entrepreneurship and the fundamentals of developing a new business.
A1.1
Performance Indicator
Recognize personal traits and leadership styles of entrepreneurs and business leaders.
A1.2
Performance Indicator
Analyze management theories and their application within the business environment.
A1.3
Performance Indicator
Develop personal management skills to function effectively, efficiently, and collaboratively in a business environment.
A1.4
Performance Indicator
Determine the type of business organization most appropriate for various business profiles.
A1.5
Performance Indicator
Construct and defend a business plan (components may include an executive summary, organizational structure, market analysis, Strengths Weaknesses Opportunities and Threats (SWOT) analysis, marketing plan, operating procedures, financial data, and feasibility and supporting documentation).
A2.0
Pathway Standard
Plan, organize, secure, and manage resources of a project to achieve specific goals.
A2.1
Performance Indicator
Determine Specific, Measurable, Achievable, Realistic and Time-bound (SMART) goals for a specific project.
A2.2
Performance Indicator
Develop a project schedule, including the constraints of cost, time, and scope, to illustrate project structure using Gantt, Program Evaluation Review Technique (PERT), or other project planning tools.
A2.3
Performance Indicator
Optimize allocation of resources necessary to achieve predefined objectives.
A2.4
Performance Indicator
Evaluate beneficial change, or added value, of a specific project.
A3.0
Pathway Standard
Investigate the functions and techniques of management and organizational structure and distinguish between small and large companies.
A3.1
Performance Indicator
Explain the organizational structure of various business environments.
A3.2
Performance Indicator
Describe management's role in demonstrating leadership, motivating employees, resolving conflict, addressing stress, and recognizing formal and informal employee groups.
A3.3
Performance Indicator
Recognize a business' responsibility to employees, shareholders, society, and the environment.
A3.4
Performance Indicator
Summarize techniques for managing human resources to maximize operational efficiencies and effectiveness.
A3.5
Performance Indicator
Describe the role of organized labor and its influence on government and businesses.
A3.6
Performance Indicator
Apply operations management principles and procedures to the design of an operations plan.
A4.0
Pathway Standard
Apply economic concepts as they relate to business.
A4.1
Performance Indicator
Identify factors of production needed to create wealth.
A4.2
Performance Indicator
Explain the role of business in a free-enterprise system.
A4.3
Performance Indicator
Recognize the determinants of supply and demand and their impact on pricing.
A4.4
Performance Indicator
Calculate productivity with various levels of input.
A4.5
Performance Indicator
Illustrate the business cycle elaborating on leading, coinciding, and lagging economic indicators.
A4.6
Performance Indicator
Show the relationship between economic conditions and financial markets, including exchange rates.
A5.0
Pathway Standard
Analyze financial data in order to make short-term and long-term decisions.
A5.1
Performance Indicator
Describe factors that affect the value of an asset, inflation, interest rates, risk, and return.
A5.2
Performance Indicator
Determine investment and finance options available at different stages of a business or product life cycle.
A5.3
Performance Indicator
Compare and interpret financial reports for internal and external use to analyze risk and return to make business decisions.
A5.4
Performance Indicator
Analyze how credit reports quantify credit worthiness.
A5.5
Performance Indicator
Assess how types of financial markets influence interest rates, inflation, balance of trade, and unemployment and the impact on business decisions.
A5.6
Performance Indicator
Create and use budgets to guide financial decision making.
A6.0
Pathway Standard
Explain the importance of risk management and regulatory compliance in business.
A6.1
Performance Indicator
Identify, assess, and prioritize risks.
A6.2
Performance Indicator
Describe the concept and process of risk management, including the use of risk management tools such as insurance.
A6.3
Performance Indicator
Compare and contrast the various types of taxes in terms of the business structure.
A7.0
Pathway Standard
Utilize information and technology tools to conduct business effectively and efficiently.
A7.1
Performance Indicator
Describe appropriate computer hardware used in business.
A7.2
Performance Indicator
Apply appropriate software used in business.
A7.3
Performance Indicator
Examine technological trends and analyze the impact of technological innovations on the marketing and distribution of goods and services.
A7.4
Performance Indicator
Integrate appropriate use of the Internet in business.
A7.5
Performance Indicator
Investigate data security systems for business.
A8.0
Pathway Standard
Construct a Marketing Plan.
A8.1
Performance Indicator
Describe effective marketing techniques.
A8.2
Performance Indicator
Explore how products and services are conceived, developed, maintained, and improved in response to market opportunities.
A8.3
Performance Indicator
Conduct market analysis and assess the business organization's position within their industry.
A8.4
Performance Indicator
Interpret how market research is used to develop strategies for marketing.
A8.5
Performance Indicator
Differentiate the components of a promotional plan (e.g., advertising, public relations, and sales promotion) and describe how the plan is used to achieve a stated outcome.
A8.6
Performance Indicator
Practice selling techniques used to aid customers and clients in making buying decisions.
A9.0
Pathway Standard
Apply principles of supply chain management and SCM 2.0 to a business model.
A9.1
Performance Indicator
Describe Logistics Management systems.
A9.2
Performance Indicator
Illustrate the management of the complete flow of materials and activities in the supply chain from suppliers to customers.
A9.3
Performance Indicator
Summarize materials management, including effective inventory management practices, E= Procurement, and continuous control practices.
A9.4
Performance Indicator
Create a master plan for resources that addresses market demand, sales, and operations planning.
A9.4
Performance Indicator
Change variables in a master plan for resources, analyze its effect, and recommend corrective actions.
B.
Financial Services
Financial services are an essential aspect of every business institution and organization. Students in this pathway investigate the field of financial management, including how it is impacted by industry standards as well as economic, financial, technological, international, social, legal, and ethical factors. Students formulate and interpret financial information for use in financial management decision making, such as compliance and risk management. This pathway may include programs of study for accounting, banking, securities and investments, and other financial specializations.
B1.0
Pathway Standard
Create and use budgets to guide financial decision making.
B1.1
Performance Indicator
Identify various forms of income and analyze factors that affect income as part of the career decision making process.
B1.2
Performance Indicator
Evaluate the opportunity costs of savings and investment options to meet short and long term goals.
B1.3
Performance Indicator
Apply a decision making model to maximize consumer satisfaction when buying consumer goods and service.
B1.4
Performance Indicator
Analyze factors that affect the choice, cost, and legal aspects of using credit.
B1.5
Performance Indicator
Develop and defend a spending/savings plan.
B1.6
Performance Indicator
Develop tax planning strategies for financial planning.
B1.7
Performance Indicator
Devise a plan to protect against identity theft.
B2.0
Pathway Standard
Explain how the application of Generally Accepted Accounting Principles (GAAP) impacts the recording of transactions and the preparation of financial statements.
B2.1
Performance Indicator
Describe the two methods of accounting (cash and accrual) and the different accounting concepts (financial, tax, cost, nonprofit and auditing) used to report a business' financial position as it pertains to sole proprietorships, corporations, and partnerships.
B2.2
Performance Indicator
Complete the steps in the accounting cycle in order to prepare financial statements and communicate how accounting procedures affect financial statements.
B2.3
Performance Indicator
Use planning and control principles to evaluate the performance of an organization.
B2.4
Performance Indicator
Discuss state and federal regulation of the accounting industry.
B2.5
Performance Indicator
Discuss International Financial Reporting Standards (IFRS) and the convergence between IFRS and GAAP.
B2.6
Performance Indicator
Develop a working knowledge of individual income tax procedures and compliance with tax laws and regulations.
B3.0
Pathway Standard
Interpret financial formulas commonly found in financial institutions to aid in the growth and stability of financial services.
B3.1
Performance Indicator
Identify key ratios and banking calculations such as interest and annual percentage rate.
B3.2
Performance Indicator
Identify strategies and systems in real-world situations to maintain, monitor, control, and plan the use of financial resources.
B3.3
Performance Indicator
Use equations, graphical representations, and other accounting tools to classify, record, and summarize financial data.
B3.4
Performance Indicator
Identify strategies financial institutions utilize to make decisions about profitability, such as savings and lending ratios.
B4.0
Pathway Standard
Interpret financial data, analyze results, and make sound business decisions to promote a financially healthy business.
B4.1
Performance Indicator
Apply differential analysis and present value concepts to make decisions.
B4.2
Performance Indicator
Interpret financial ratios and other metrics, such as cash flow and breakeven analysis, concentration risk, return on investment, leveraged debt, market share, and opportunity costs.
B4.3
Performance Indicator
Analyze an annual report and financial statement to predict profitability.
B4.4
Performance Indicator
Develop a working knowledge of individual income tax procedures and requirements to comply with tax laws and regulations.
B5.0
Pathway Standard
Evaluate the impact of federal, state, and local regulations on financial management decisions.
B5.1
Performance Indicator
Explain the role of the Federal Reserve System, Internal Revenue Service (IRS), and Consumer Protection Laws.
B5.2
Performance Indicator
Describe provisions of bankruptcy law.
B5.3
Performance Indicator
Compare state and federal regulatory compliance of financial institutions and related services.
B5.4
Performance Indicator
Calculate the impact of various taxes on financial decisions.
B6.0
Pathway Standard
Apply economic concepts as they relate to financial services.
B6.1
Performance Indicator
Define capital and explain how it is used to create wealth.
B6.2
Performance Indicator
Identify causes of stock price fluctuations and the relationship between bond prices and yields.
B6.3
Performance Indicator
Illustrate the business cycle elaborating on leading, coinciding, and lagging economic indicators.
B6.4
Performance Indicator
Assess the ways in which financial markets influence interest rates, inflation, balance of trade, and unemployment and the impact on business decisions.
B6.5
Performance Indicator
Explain the role of investment banking in the primary marketplace.
B7.0
Pathway Standard
Explain the concepts, role, and importance of international finance and risk management.
B7.1
Performance Indicator
Compare the variety of ways in which funds are transferred in foreign trade.
B7.2
Performance Indicator
Analyze factors that affect currency and exchange rates.
B7.3
Performance Indicator
Formulate an insurance and risk management plan.
B7.4
Performance Indicator
Explain the importance of actuarial science in the insurance industry.
B7.5
Performance Indicator
Compare and contrast risk management methods of avoidance, reduction, assumption, and shifting.
B7.6
Performance Indicator
Analyze choices available to consumers for protection against risk and financial loss.
B7.7
Performance Indicator
Identify main operations and evaluate services provided by financial institutions.
B8.0
Pathway Standard
Evaluate the variety, nature, and diversity of investment vehicles and the elements that contribute to financial growth and success.
B8.1
Performance Indicator
Explain the time value of money.
B8.2
Performance Indicator
Describe the functions, responsibilities, and ethical considerations of a financial institution.
B8.3
Performance Indicator
Recognize the categories and characteristics of major investment vehicles, such as stocks, bonds, real estate, mutual funds, venture capital, retirement investment plans, and education savings plans.
B8.4
Performance Indicator
Describe reasons why investors buy and sell and the methods they use.
B8.5
Performance Indicator
Describe factors that affect the value of an asset, including industry trends, price to earnings ratio, cash flow, growth rate, timing, inflation, interest rate, opportunity cost, risk, and required return.
B8.6
Performance Indicator
Consult federal resources and independent rating companies for reports and research on investment vehicles and providers.
B8.7
Performance Indicator
Select sources to finance venture creation/start-up.
B8.8
Performance Indicator
Describe the role of the Securities and Exchange Commission (SEC) and the Financial Industry Regulation Authority (FINRA) and explain regulation of the industry, including legal and ethical considerations in all aspects of financial services.
B9.0
Pathway Standard
Evaluate financial services providers and explore the duties and activities of financial service careers.
B9.1
Performance Indicator
Identify electronic banking technologies.
B9.2
Performance Indicator
Identify licensure requirements for various professionals in the financial services industry.
B9.3
Performance Indicator
Demonstrate characteristics of professionalism in working relationships with customers and employees.
B9.4
Performance Indicator
Demonstrate techniques for managing human resources to maximize operational efficiencies and effectiveness.
B9.5
Performance Indicator
Discuss legal and ethical considerations in providing financial advice, buying or selling securities, insurance or real estate, and borrowing or lending money.
B9.6
Performance Indicator
Examine the environments in which securities and investments services are offered, including securities sales agents, securities and investment firms, and securities markets.
B9.7
Performance Indicator
Determine client needs and wants and develop and present a written investment recommendation to the client using standard writing conventions.
B9.8
Performance Indicator
Scrutinize lending and borrowing practices.
C.
International Business
The relative ease of travel and the use of electronic communication have seemingly diminished the size of the globe, yet the interdependence of countries for goods and services causes this marketplace to grow, thrive, and become increasingly more competitive. Students focusing on the occupational area of international trade develop an understanding of the global business environment and the interconnectedness of cultural, political, legal, historical, economic, and ethical systems.
C1.0
Pathway Standard
Describe the fundamental concepts of international business.
C1.1
Performance Indicator
Identify forms of business ownership and entrepreneurial opportunities available in international business.
C1.2
Performance Indicator
Conduct market research for a product or service traded internationally.
C1.3
Performance Indicator
Illustrate the process of buying, selling, and promoting products in a modern global trade.
C1.4
Performance Indicator
Analyze how domestic and international competition in a market economy affects goods and services produced and the quality, quantity, and price of those products.
C1.5
Performance Indicator
Construct and defend a business plan for a product or service traded internationally.
C2.0
Pathway Standard
Describe the interrelatedness of geographic, social, cultural, political, and legal factors and how they shape the global business environment.
C2.1
Performance Indicator
Interpret the effect of culture, customs, and politics on trade.
C2.2
Performance Indicator
Illustrate how geographic conditions affect trade.
C2.3
Performance Indicator
Apply communications strategies necessary and appropriate for effective and profitable international businesses relations.
C2.4
Performance Indicator
Analyze special challenges in human resources and strategic management in international business.
3.0
Pathway Standard
Apply economic concepts as they relate to international business.
C3.1
Performance Indicator
Describe the laws of absolute and comparative advantage.
C3.2
Performance Indicator
Explain the importance of productivity and analyze how specialization, division of labor, investment in physical and human capital, and technological change affect productivity and global trade.
C3.3
Performance Indicator
Examine the role of trade, trade agreements, protectionism, and monetary markets in the global economy.
C3.4
Performance Indicator
Relate the balance of trade concepts to the import/export process.
C3.5
Performance Indicator
Examine the ways in which a country's natural, financial, and human resources influence international business.
C3.6
Performance Indicator
Analyze the role of government in economic systems.
C4.0
Pathway Standard
Describe common financing sources and the payment methods used for international business transactions.
C4.1
Performance Indicator
Explain the concepts, role, and importance of international finance and risk management.
C4.2
Performance Indicator
Analyze factors that affect currency and exchange rates.
C4.3
Performance Indicator
Compare the variety of ways in which funds are transferred in foreign trade.
C4.4
Performance Indicator
Assess the ways in which financial markets influence interest rates, inflation, balance of trade, and unemployment and the impact on business decisions.
C4.5
Performance Indicator
Produce documentation for international trade, including letters of credit, import/export documents, permits, taxes, and duties.
C5.0
Pathway Standard
Recognize the role of information and communications technology in modern global trade.
C5.1
Performance Indicator
Identify hardware and software commonly used in international business operations.
C5.2
Performance Indicator
Integrate appropriate use of the Internet in business.
C5.3
Performance Indicator
Analyze security measures used to protect businesses and consumers engaging in international e-commerce.
C6.0
Pathway Standard
Analyze international markets and competition.
C6.1
Performance Indicator
Apply marketing concepts to international business situations.
C6.2
Performance Indicator
Differentiate between the types of market structures and their effect on the price and the quality of goods and services produced.
C6.3
Performance Indicator
Research measures used to evaluate the economic conditions of a country.
C6.4
Performance Indicator
Identify factors that determine balance of trade and research balance of trade for a developed nation, a developing nation, and an undeveloped nation.
C6.5
Performance Indicator
Develop strategies to adapt and respond to meeting the differences in culture, market, habits, experience, and laws.
C7.0
Pathway Standard
Assess the risks associated with various methods of entering the global marketplace.
C7.1
Performance Indicator
Calculate the effects of exchange rate fluctuation.
C7.2
Performance Indicator
Determine pricing for products and services traded internationally.
C7.3
Performance Indicator
Set inventory levels based upon location of customers, durability of products, and logistics.
C7.4
Performance Indicator
Analyze choices available to international businesses for protection against risk and financial loss.
C7.5
Performance Indicator
Determine exposure of doing business internationally and develop a recommendation for entering the international market.
C8.0
Pathway Standard
Reconstruct the logistics of importing and exporting products and services.
C8.1
Performance Indicator
Explain how private, nonprofit, and government agencies assist in global trade.
C8.2
Performance Indicator
Determine the effect of imports and exports on production and manufacturing.
C8.3
Performance Indicator
Distinguish between direct and indirect distribution channels.
C8.4
Performance Indicator
Compare how products are prepared for international versus domestic distribution.
C8.5
Performance Indicator
Contrast the four forms of international operations: working through a foreign intermediary, licensing agreement with the foreign business, forming a strategic alliance, or becoming a multinational corporation.
C8.6
Performance Indicator
Analyze special challenges in operations and strategic management in international business.