1. | Describe in writing the economic systems of capitalism, communism, socialism, and free enterprise; and identify major United States historical economic events. (I) |
2. | 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) |
3. | Describe in writing the marketing functions of promotion, selling, merchandising, distribution, producing goods, and producing services. (III) |
4. | 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) |
5. | Describe in writing the economic effects of international business and the laws affecting business and consumers, and analyze mergers and consolidations. (V) |
This guide supports GBS151 - Introduction to Business classes
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