1.
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Describe in writing the economic systems of capitalism, communism,
socialism, and free enterprise; and identify major United States
historical economic events. (I)
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2.
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Identify in writing the advantages and disadvantages of a sole
proprietorship, partnership, and corporation; identify the function of
management; analyze the aspect of human relations in business;
identify the major labor organizations and summarize the historical
development and current trends of labor organizations. (II)
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3.
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Describe in writing the marketing functions of promotion, selling,
merchandising, distribution, producing goods, and producing services.
(III)
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4.
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Identify in writing the major financial institutions; explain risk
management and money management; and explain the functions of
accounting and data processing in a business. (IV)
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5.
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Describe in writing the economic effects of international business and
the laws affecting business and consumers, and analyze mergers and
consolidations. (V)
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