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Course · AL
Business Essentials
Career and Technical Education, Alabama State Department of Education (ALSDE)
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Business Essentials provides an overview of business skills required for today’s business world. The course includes types of business ownership, laws and regulations, principles of business management, and analysis of business practices in light of ethical and social responsibilities. Emphasis is placed on skills needed for success in the workplace, managing resources to achieve company goals, and the impact of financial decisions on a business.
Discuss and demonstrate ways to value diversity. and FinanceCreate and maintain complete, accurate, and necessary financial records including cash flow statements, balance sheetsEvaluate various types of business budgeting methods and design a plan for money managementDefine and describe basic business concepts and how they are applied to business activitiesIdentify conflict management strategies to resolve workplace conflictCompare advantages and disadvantages of different configurations of businesses, including sole proprietorshipsClassify various businesses according to whether they market goods, provide services, or a combination of the twoExplain the importance of developing and organizing a successful business planExplain the importance of organizational skills needed to manage business operationsDescribe characteristics and actions of the successful entrepreneurDiscuss the ethical responsibilities of consumers and businesses in commerceDescribe the impact of international business activities on the local, state, and national economiesIdentify and discuss legal issues related to government regulation of commerceDescribe types of crimes committed against businessesDescribe the primary functions of management, ways of implementing themExplain how effective decision-making skills can influence business decisions in a variety of areasInterpret research results to determine factors and trends affecting recruiting, trainingExplain marketing concepts and functionsDetermine risks involved in operating a business, and identify various risk protection strategies available to companies