AMERICAN BUSINESS
REQUIREMENTS REVISED January 1, 2003
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- Do the following:
- Explain four features of the free enterprise system in the
United States
America.
Tell its benefits and responsibilities. Describe the difference between
freedom and license. Tell how the Scout Oath and Law apply to business
and free enterprise.
- Describe the Industrial Revolution
industrial revolution:
Tell about the major developments that marked the start of the modern
industrial era in the United States. Tell about five people who had a
great influence on business or industry in the United States. Tell what
each did.
- Do the following:
- Visit a bank. Talk with one of the officers or staff. Chart the
organization of the bank. Show its relationship with other banks,
business and industry.
- Explain how changes in interest rates, taxes, and government
spending affect
change
the flow of money into or out of business and industry.
- Explain how a proprietorship or partnership gets its capital.
Discuss and explain four ways a corporation gets its capital.
- Explain the place of profit in business.
- Name five kinds of insurance useful to business. Describe their
purpose
purposes.
- Do the following:
- Pick two or more stocks from the financial pages of a newspaper.
Request the annual report or prospectus from one of the companies by
writing, or visit its Web site (with your parent’s permission) to view
the annual report online. Explain how a company’s annual report and
prospectus can be used to help you manage your investments.
Pretend to have bought $1,000 worth of
these stocks. Explain how you "bought" the stocks. Tell why you decided
to "buy" them. Keep a weekly record for 3 months of your stocks' market
value. Show any dividends declared.
- Pretend to have bought $1,000 worth of the stocks from the
company you wrote to in requirement 3a. Explain how you "bought" the
stocks. Tell why you decided to "buy" stock
in this company. Keep a weekly record for three months of
the market value of your stocks. Show any dividends declared.
Write to one company whose
stock you "bought." Ask for a copy of its annual report. Explain it.
- Do ONE of the following:
- Draw an organizational chart of a typical central labor council.
- Describe automation, union shop, open shop, collective-bargaining
agreements, shop steward, business agent, and union
counselor.
- Explain the part played by four
different federal or state agencies in labor
relations.
- Run a small business involving a product or service for at least
three
3
months. First find out the need for it. For example: a newspaper route,
lawn mowing, sales of things you have made or grown. Keep records showing
the costs, income, and profit or loss.*
Report:
- How service, friendliness, hard work, and salesmanship helped build
your business.
- The benefits you and others received because you were in business.
Comparable 4-H, FFA, or Junior Achievement projects may be used
for requirement 5.
- Do ONE of the following:
- Make an oral presentation to your Scout troop about an
e-commerce company. Tell about the benefits and pitfalls of doing
business online, and explain the differences between a retailer and an
e-commerce company. In your presentation, explain the similarities a
retailer and an e-commerce company might share.
- Choose three products from your local grocery store or mall
and tell your merit badge counselor how the packaging could be improved
upon so that it has less impact on the environment.
- Gather information from news sources and books about a current
business leader. Write a two-page biography about this person or make a
short presentation to your counselor. Focus on how this person became a
successful business leader.
* Comparable 4-H, FFA, or Junior
Achievement projects may be used
BSA Advancement ID#: 15
Pamphlet Revision Date: ????
Requirements last updated 2003 |
