Business (1998): Grades 9, 10, 11, 12
Communications
Students in Wisconsin will communicate in a clear, courteous, concise, and correct manner on personal and professional levels.
-
Written Communications
- 1.
Use a variety of references and resources (electronic and printed) for the purpose of writing business documentsA.12.1
- 2.
Produce technical writing such as memos, forms, instructions, letters, and resumes for appropriate audiencesA.12.2
- 3.
Write formal and informal reports supported by appropriate graphic aidsA.12.3
- 4.
Analyze and respond in writing to business situations (both individually and collaboratively)A.12.4
- 1.
Research and write business-specific technical reports that incorporate graphic aidsA.BS.1
- 2.
Analyze and respond to complex business case studiesA.BS.2
- 3.
Edit business documents to improve content and effectivenessA.BS.3
- 4.
Compose, edit, and produce executive summariesA.BS.4
- 1.
-
Oral Communications
- 5.
Participate in group discussions for problem resolutionA.12.5
- 6.
Organize and lead discussions; participate in meetings; answer questions in formal and informal situationsA.12.6
- 7.
Identify and overcome major barriers to listeningA.12.7
- 8.
Assess and respond to a speakerÕs nonverbal messagesA.12.8
- 9.
Give examples of how nonverbal messages have different meanings in various culturesA.12.9
- 10.
Demonstrate interactive listening techniquesA.12.10
- 5.
Give a formal presentation using appropriate graphics, media, and support materialsA.BS.5
- 6.
Present point of view on a current business issueA.BS.6
- 7.
Serve effectively as an interviewer or interviewee in public relations, civic, media, and community situationsA.BS.7
- 8.
Evaluate media and oral presentations analytically and criticallyA.BS.8
- 9.
Preside at meetingsA.BS.9
- 5.
-
Workplace Communications
- 11.
Demonstrate strategies for overcoming communication barriersA.12.11
- 12.
Respond appropriately to the audience and the situationA.12.12
- 13.
Demonstrate effective negotiation skillsA.12.13
- 14.
Describe strategies for communicating with supervisorsA.12.14
- 15.
Describe strategies for communicating with co-workersA.12.15
- 16.
Describe strategies for communicating with customers/clientsA.12.16
- 17.
Prepare persuasive messages for a variety of situationsA.12.17
- 18.
Accept or decline a requestA.12.18
- 19.
Identify elements of good customer serviceA.12.19
- 20.
Participate as a productive member of a groupA.12.20
- 10.
Use negotiation strategies to resolve a conflictA.BS.10
- 11.
Demonstrate the ability to satisfy a customer's requestA.BS.11
- 12.
Prepare and deliver a presentation for a specific business purposeA.BS.12
- 13.
Participate in and evaluate mock interviewsA.BS.13
- 14.
Discuss the importance of verbal and nonverbal communications during an interviewA.BS.14
- 11.
-
Information Systems/Technology
Students in Wisconsin will select and apply current information systems/technology as they relate to personal and business decision-making in light of ethical and social issues.
- 1.
Access, navigate, and use on-line servicesB.12.1
- 2.
Identify and use communication softwareB.12.2
- 3.
Enter and manipulate data using the touch method on a ten-key padB.12.3
- 4.
Import text and graphics from other software programsB.12.4
- 5.
Use the integration features of a software packageB.12.5
- 6.
Restart and recover from system failure and virus infection as necessaryB.12.6
- 7.
Identify and compare types of programming languagesB.12.7
- 8.
Contrast careers in the information technology industryB.12.8
- 9.
Describe emerging hardware and softwareB.12.9
- 10.
Import, export, and merge dataB.12.10
- 11.
Identify electronic storage mediaB.12.11
- 12.
Analyze spreadsheet dataB.12.12
- 13.
Use desktop publishing software to create documentsB.12.13
- 14.
Use common features of multimedia softwareB.12.14
- 15.
Identify laws and rules pertaining to computer crime, fraud, and abuseB.12.15
- 16.
Practice a code of ethics for information systemsB.12.16
- 17.
Describe how the information technology industry impacts societyB.12.17
- 18.
Send and receive faxesB.12.18
- 19.
Use electronic mailB.12.19
- 20.
Send and respond to voice messagesB.12.20
- 21.
Sort and file documents according to established proceduresB.12.21
- 1.
Diagnose and solve problems related to the operation of computer equipmentB.BS.1
- 2.
Apply special features of software packages such as galleries, templates, macros, etc.B.BS.2
- 3.
Describe how information systems have changed the workplaceB.BS.3
- 4.
Explain how information systems have contributed to worker productivityB.BS.4
- 5.
Use data to create information to solve business problemsB.BS.5
- 6.
Use desktop publishing software to design, create, and produce a variety of publicationsB.BS.6
- 7.
Import data, graphics, and scanned images using desktop publishing softwareB.BS.7
- 8.
Use multimedia software to design, create, and produce a variety of presentationsB.BS.8
- 9.
Design and create a web pageB.BS.9
- 10.
Evaluate application software products in terms of their featuresB.BS.10
- 11.
Customize application softwareB.BS.11
- 12.
Generate complex, multipart documentsB.BS.12
- 13.
Use operating system commandsB.BS.13
- 14.
Generate business formsB.BS.14
- 15.
Generate newsletters and brochuresB.BS.15
- 16.
Create documents by merging informationB.BS.16
- 17.
Establish and maintain a records management systemB.BS.17
- 1.
Financial Procedures
Students in Wisconsin will use financial procedures to make decisions about planning, organizing, and allocating resources.
- 1.
Calculate simple interest on loansC.12.1
- 2.
Maintain and reconcile a checking accountC.12.2
- 3.
Prepare a budget of personal income and expensesC.12.3
- 4.
Explain the use of credit cards, bank cards, debit cards, credit ratings, and loan applicationsC.12.4
- 5.
Construct and read charts, tables, and graphs that summarize data from real world situationsC.12.5
- 6.
Use calculators appropriately to aid computations and understandingC.12.6
- 7.
Contrast rental, lease, or purchase options of propertyC.12.7
- 8.
Prepare a simple income tax formC.12.8
- 9.
Contrast short- and long-term investment optionsC.12.9
- 1.
Identify, prepare, and analyze financial statementsC.BS.1
- 2.
Calculate loan payments with different interest ratesC.BS.2
- 3.
Determine cash flow for a businessC.BS.3
- 4.
Compare budget figures to actual costsC.BS.4
- 5.
Prepare and maintain payroll recordsC.BS.5
- 6.
Determine manufacturing costsC.BS.6
- 7.
Use technology to maintain, manipulate, and report financial informationC.BS.7
- 1.
Economics
Students in Wisconsin will use critical-thinking skills to function as citizens who are literate about economics through development of personal consumer economic skills and a knowledge of societal and governmental responsibility.
- 1.
Describe the components of economic activity and illustrate how they interact with each otherD.12.1
- 2.
Describe the possible effects of the national debt on the level of economic activity in the long runD.12.2
- 3.
Explain how consumer legislation may affect consumer product pricesD.12.3
- 4.
Demonstrate an understanding of current local, state, national, and international economic issuesD.12.4
- 5.
Describe the roles of business enterprises, consumers, and government in our mixed economyD.12.5
- 6.
Explain how interest rates are determined by market forces and how they influence the amount of borrowing and saving by business investors, consumers, and government officialsD.12.6
- 1.
Explain the basic characteristics of international trade including absolute and comparative advantage, barriers to free trade, exchange rate, and balance of tradeD.BS.1
- 2.
Analyze how income will be affected by factors such as supply and demand, location, level of education, type of industry, union or non-union membership, gender, ethnicity, skill levels, work ethics, worker productivity, and market value of what workers produceD.BS.2
- 3.
Understand the necessity for choices and the role of the decision-making process for analyzing individual business and societal decisionsD.BS.3
- 4.
Compare and contrast the different types of economic systems (command, market, traditional, and mixed)D.BS.4
- 5.
Explain the concepts of inflation, unemployment, and Gross Domestic Product and describe how they are measuredD.BS.5
- 1.
Entrepreneurship
Students in Wisconsin will use business knowledge and preparation to develop an understanding of business operations and the ability and skills necessary to become entrepreneurs.
- 1.
Analyze the degree to which one possesses the characteristics, skills, and abilities of an entrepreneurE.12.1
- 2.
Participate in a career-related, community service activityE.12.2
- 3.
Discuss the effects of promotion on pricing and demand for goodsE.12.3
- 4.
Complete a commercial loan applicationE.12.4
- 5.
Identify personnel needed for a small businessE.12.5
- 6.
Define the interdependence of foreign and domestic marketsE.12.6
- 7.
Define franchising and describe the relationship with other forms of business organizationsE.12.7
- 8.
Discuss appropriate responses to unethical behavior in the workplaceE.12.8
- 9.
Identify resources available to entrepreneurs when preparing a business planE.12.9
- 10.
Operate a small businessE.12.10
- 11.
Describe the business cycleE.12.11
- 12.
Compare ways to finance a business ventureE.12.12
- 1.
Research the unique contributions of entrepreneurs in the American economyE.BS.1
- 2.
Given a business dilemma, identify the problem and analyze possible solutionsE.BS.2
- 3.
Design a business plan for a specific businessE.BS.3
- 4.
Establish a means for building and maintaining customer loyaltyE.BS.4
- 5.
Identify impact of outside sources such as labor unions, trade organizations, and competition when establishing a small businessE.BS.5
- 6.
Prepare financial statements for a planned businessE.BS.6
- 7.
Evaluate the financial condition of a business based on its financial recordsE.BS.7
- 8.
Diagram the organizational structure of a planned businessE.BS.8
- 9.
Describe practices associated with cultural diversity that would impact a business moving from the national to the international marketplaceE.BS.9
- 10.
Develop a business plan for a specific business based on the concepts of successful entrepreneurship, and defend the plan to an investorE.BS.10
- 1.
Marketing
Students in Wisconsin will describe how marketing strategies are used in business to meet the needs of consumers.
- 1.
Explain how marketing benefits all businessesF.12.1
- 2.
Define marketing mixF.12.2
- 3.
Describe current trends that affect the marketing mixF.12.3
- 4.
Describe how government regulates marketingF.12.4
- 5.
Describe how marketing problems are identifiedF.12.5
- 6.
Describe the market research processF.12.6
- 7.
Describe the factors that influence a consumerÕs decision to buyF.12.7
- 8.
Identify the elements of the promotional mixF.12.8
- 9.
Identify the role of marketing in the United States economyF.12.9
- 10.
Describe various methods of product distribution (logistics)F.12.10
- 1.
Describe and use a marketing planF.BS.1
- 2.
Perform market researchF.BS.2
- 3.
Test market a product/serviceF.BS.3
- 4.
Analyze the life cycle of a product/serviceF.BS.4
- 5.
Analyze the various factors in pricing for a product/serviceF.BS.5
- 6.
Identify factors that influence the promotional mix of a product/serviceF.BS.6
- 7.
Identify the steps of the selling processF.BS.7
- 8.
Develop a distribution plan for a product/serviceF.BS.8
- 1.
International Business
Students in Wisconsin will develop the ability to participate in business transactions in both domestic and international business.
- 1.
Define international businessG.12.1
- 2.
Explain the difference between a domestic and international companyG.12.2
- 3.
Locate major trade regions of the worldG.12.3
- 4.
Determine time in different parts of the worldG.12.4
- 5.
Identify careers that are influenced by international businessG.12.5
- 6.
Recognize challenges in business related to people speaking various languagesG.12.6
- 7.
Identify currencies used throughout the worldG.12.7
- 8.
Calculate simple currency exchange transactionsG.12.8
- 9.
Identify requirements for traveling abroadG.12.9
- 1.
List examples of international trade in the local communityG.BS.1
- 2.
Explain advantages and disadvantages of trade agreements between and among nationsG.BS.2
- 3.
Identify the relationship between international events and the daily conduct of businessG.BS.3
- 4.
Identify international trade partnersG.BS.4
- 5.
Explain the role of international business at local, regional, and national levelsG.BS.5
- 6.
Explain how time zones around the world affect businessesG.BS.6
- 7.
Compare the resources (e.g., trade routes, transportation centers, foreign trade zones, etc.) of major cities around the worldG.BS.7
- 8.
Detail the processes for securing travel documentsG.BS.8
- 9.
Explain the role of U.S. Customs and the customs agencies of other countriesG.BS.9
- 10.
Identify the role of translators and interpreters in international business settingsG.BS.10
- 11.
Use words and phrases important to business people in a given languageG.BS.11
- 12.
Explain appropriate business protocol in international business situationsG.BS.12
- 13.
Explain the use of names, titles, and ranks in different cultures and countriesG.BS.13
- 14.
Select most appropriate telecommunication methods for given international business situationsG.BS.14
- 15.
Define international business terms; such as, nontariff trade barriers, tariff, quota, and balance of tradeG.BS.15
- 16.
Explain how changes in exchange rates affect consumers, companies that export goods, and companies that import goodsG.BS.16
- 17.
Identify potential problems or "hurdles" of doing business in foreign countriesG.BS.17
- 1.
Principles of Management
Students in Wisconsin will select and analyze appropriate information from the business function areas such as marketing, finance, accounting, production, and personnel of business to make informed management decisions.
- 1.
Identify the function areas of a businessH.12.1
- 2.
Identify and explain a business organizational chartH.12.2
- 3.
Become aware of career opportunities in business organization/management, and understand the technical skills, knowledges, education levels, and attitudes neededH.12.3
- 1.
Analyze the pros and cons of different management decisionsH.BS.1
- 2.
Develop short-term strategic plans for a businessH.BS.2
- 3.
Describe how the organization provides for accountability through authority and responsibilityH.BS.3
- 4.
Measure and compare established employment standardsH.BS.4
- 5.
Recognize the role of labor and management unionsH.BS.5
- 6.
Understand the importance of employer/employee relationsH.BS.6
- 1.
Principles of Law
Students in Wisconsin will apply the basic legal principles to their roles as citizens, consumers, and employees.
- 1.
Interpret and apply legal principles to business and personal situationsI.12.1
- 2.
Differentiate and contrast between felonies and misdemeanors and their penaltiesI.12.2
- 3.
Understand rights and responsibilities when leasing propertyI.12.3
- 4.
Identify laws governing credit and credit reportingI.12.4
- 5.
Demonstrate an understanding of legal forms used in business transactionsI.12.5
- 6.
Understand laws that govern personal investments and estatesI.12.6
- 7.
Identify agencies protecting consumer rightsI.12.7
- 8.
Become aware of career opportunities in law-related areas, and understand the technical skills, knowledges, education levels, and skills neededI.12.8
- 1.
Describe sources of laws and their effect on individuals and societyI.BS.1
- 2.
Identify court systems and proceduresI.BS.2
- 3.
Analyze laws governing starting and maintaining a businessI.BS.3
- 4.
List the elements of a business contract, and identify and explain the various types of contractsI.BS.4
- 5.
Demonstrate an understanding of the legislative process, and exhibit an awareness of legislation affecting businessI.BS.5
- 6.
Compare and contrast differences in ethical and legal systems from state to state and nation to nationI.BS.6
- 7.
Explain contractual rights and responsibilitiesI.BS.7
- 8.
Discuss consumer protection legislationI.BS.8
- 9.
Identify contractual capacityI.BS.9
- 10.
Discuss the effects of law on employment relationsI.BS.10
- 1.
Interpersonal and Leadership Skills
Students in Wisconsin will demonstrate interpersonal teamwork and leadership skills necessary to function in multicultural business settings.
- 1.
Demonstrate appropriate interpersonal skills when working with othersJ.12.1
- 2.
Identify stereotypes and discriminatory behaviors that could impact personal and organizational successJ.12.2
- 3.
Demonstrate ability to give and receive constructive criticismJ.12.3
- 4.
Interact effectively with people from various backgroundsJ.12.4
- 5.
Organize and participate in a discussionJ.12.5
- 6.
Demonstrate courteous attention to speakersJ.12.6
- 7.
Demonstrate the ability to work as part of a teamJ.12.7
- 8.
Demonstrate the ability to work independentlyJ.12.8
- 9.
Give examples of how nonverbal messages have different meanings in various culturesJ.12.9
- 10.
Demonstrate delegation skillsJ.12.10
- 11.
Define ethicsJ.12.11
- 12.
Explain why motivation, leadership, and trust are important to a teamJ.12.12
- 13.
Compare and contrast alternative leadership stylesJ.12.13
- 14.
Explain the importance of consumer trust for the successful conduct of businessJ.12.14
- 1.
Practice appropriate interpersonal skills in a business settingJ.BS.1
- 2.
Plan and present short presentations individually or as a member of a teamJ.BS.2
- 3.
Demonstrate an acceptance of different cultural beliefs and practicesJ.BS.3
- 4.
Demonstrate successful listening techniquesJ.BS.4
- 5.
Demonstrate professional behavior in the work environmentJ.BS.5
- 6.
Participate as a member of a team in a business environmentJ.BS.6
- 7.
Use appropriate etiquette when relating to business people of various culturesJ.BS.7
- 8.
Demonstrate effective consensus-building techniques in a group situationJ.BS.8
- 9.
Identify ways in which honesty and integrity of co-workers affect work performanceJ.BS.9
- 10.
Lead a committee or preside at a meetingJ.BS.10
- 11.
Explain the different roles people assume when working in groupsJ.BS.11
- 1.
Career Development
Students in Wisconsin will explore careers and develop skills necessary to make meaningful decisions in a variety of business careers. Students will develop a career cluster focus based on their career development process.
- 1.
Assess and analyze personal talents and interests as they relate to career decisionsK.12.1
- 2.
Describe how personal qualities transfer from school to workK.12.2
- 3.
Identify ways to overcome weaknesses and capitalize on strengthsK.12.3
- 4.
Update and present career portfolio that includes career research materials and work samplesK.12.4
- 5.
List sources of training related to career planK.12.5
- 6.
Analyze projected career opportunities and trendsK.12.6
- 7.
Create a career and education (lifework) plan for transition from high schoolK.12.7
- 8.
Demonstrate habits needed for career successK.12.8
- 9.
Experience paid/unpaid work opportunitiesK.12.9
- 10.
Explain the benefits of community involvementK.12.10
- 11.
Discuss social and ethical standards of the workplaceK.12.11
- 12.
Prepare documents for a job campaignK.12.12
- 13.
Participate in a mock interviewK.12.13
- 14.
Describe employment trends in the workplaceK.12.14
- 15.
Develop and maintain a job search databaseK.12.15
- 1.
Identify how one's own strengths match skills needed for business career clusterK.BS.1
- 2.
Develop strategies to acquire skills needed for business career clusterK.BS.2
- 3.
Identify strategies to use to upgrade and improve performanceK.BS.3
- 4.
Explore entrepreneurship opportunitiesK.BS.4
- 5.
Explain the need for flexible career planningK.BS.5
- 6.
Identify a network of business people who will provide assistance in securing a jobK.BS.6
- 7.
Explain the benefits of professional involvementK.BS.7
- 8.
Develop a database of professional organizations related to chosen career clusterK.BS.8
- 9.
Experience paid school- and work-based opportunities related to business occupational clusterK.BS.9
- 1.
Accounting
- AF1.
Students will apply generally accepted accounting principles while performing the functions of the accounting cycle.BIT.AF1
- a.
Identify current structures and regulations affecting accounting principles and their effects on businesses.AF1.a
- h.
Describe the current and historical regulatory environment of the accounting professionAF1.a.1.h
- h.
Describe how current events impact the accounting profession.AF1.a.2.h
- h.
Describe and explain the conceptual framework of accounting and generally accepted accounting principles (GAAP) and assumptions.AF1.a.3.h
- h.
Distinguish between the accrual basis of accounting and the cash basis of accounting and discuss the impact each has on financial statementsAF1.a.4.h
- h.
Apply current regulatory practices to the accounting cycle.AF1.a.5.h
- h.
- b.
Analyze the effects of changes in assets.AF1.b
- h .
Journalize and post accounts receivable transactions.AF1.b.4.h
- h.
Determine cost of inventory (periodic and perpetual).AF1.b.5.h
- h.
Identify cost of property and all other assetsAF1.b.6.h
- h .
AF1.b.7.h: Calculate and record depreciation and depletion. AF1.b.7.h
- h .
- c: .
Analyze the effects of changes in liabilities.AF1.c:
- h.
Journalize and post accounts payable transactionsAF1.c.4.h
- h .
Differentiate the difference between current liabilities, long-term liabilities and their impact on financial statementsAF1.c.5.h
- h.
Determine the initial valuation on long-term debt instruments and their impact on financial statementsAF1.c.6.h
- h .
Calculate the cost of borrowed funds.AF1.c.7.h
- h.
- d .
Analyze the effects of changes in owner’s equity.AF1.d
- h.
Journalize and post transactions related to equity accountsAF1.d.5.h
- h.
Demonstrate appropriate accounting techniques used to account for investments and withdrawals by owners. AF1.d.6.h
- h .
Interpret financial data to determine the revenue of a business.AF1.d.7.h
- h.
Distinguish between capital expenditures and revenue expenditures.AF1.d.8.h
- h.
Discuss the concept of dividends and how they affect a business. AF1.d.9.h
- h.
- a.
Prepare and analyze financial reports for different forms of business ownership.AF2.a
- h.
Discuss the forms of ownership and the equity accounts used for each formAF2.a.2.h
- h.
Use real-life examples to demonstrate the various types of ownership.AF2.a.3.h
- h .
Prepare financial statements for sole proprietorship, partnership and corporate ownership modelsAF2.a.4.h
- h .
Compare and contrast debt and equity financing and explain the impact on the financial statementsAf2.a.5.h
- h .
Prepare financial statements for service and merchandising businessAF2.a.6.h
- h.
Create financial reports using spreadsheet and accounting softwareAF2.a.7.h
- h.
Prepare a trial balance to check the accuracy of a ledgerAF2.a.8.h
- h .
Forecast revenue and costsAF2.a.9.h
- h .
Track and make adjustments to budget performance.AF2.a.10.h
- h:.
Prepare and analyze cash flow statement.AF2.a.11.h:
- h.
- b .
Assess the financial condition and operating results of a company while interpreting financial statements.AF2.b
- h.
Describe the information provided in each statement and how they articulate with each other.AF2.b.1.h
- h.
Recognize the primary areas of analysis (trend analysis, profitability, capital structure) and explain the information that can be obtained from each type of analysis.AF2.b.2.h
- h .
Perform horizontal and vertical analysis of the income statement and balance sheet.AF2.b.3.h
- h.
Identify, explain and describe the ethical implications of common methods of manipulating financial statements and ratiosAF2.b.4.h
- h .
Analyze financial data to make short-term and long-term decisions.AF2.b.5.h
- h.
- a .
Prepare payroll.AF3.a
- h.
Write checks, make deposits and complete check stubs for payroll.AF3.a.1.h
- h .
Use manual and computerized systems to prepare payroll for a business.AF3.a.2.h
- h .
Calculate earnings: hourly rate, salary basis and commission basis.AF3.a.3.h
- h .
Calculate employer’s payroll taxes for social security, Medicare, federal unemployment and state unemployment.AF3.a.4.h
- h .
Reconcile a bank statementAF3.a.5.h
- h.
- b .
Analyze how employer taxes impact business operations.AF3.b
- h.
Prepare employer related tax forms.AF3.b.1.h
- h .
Journalize and post tax entries using a variety of journals and ledgers.AF3.b.2.h
- h .
Describe the composition of taxable income and calculate tax.AF3.b.3.h
- h.
Identify and apply strategies for minimizing taxable business income.AF3.b.4.h
- h.
- a.
Frequently asked questions
- What grade levels do these standards cover?
- Grade 9, Grade 10, Grade 11, and Grade 12
- When were these standards adopted?
- 1998
- Where can I read the official document?
- Wisconsin's Model Academic Standards for Business
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