Template:American Business/req

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<noinclude>{{ReqHeader}}<br></noinclude>
<noinclude>{{ReqHeader}}<br></noinclude>
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# Do the following:
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#Do the following:
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#:a. Explain four features of the free enterprise system in the United States. 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.
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#:a. Explain four features of the free enterprise system in the United States. Describe the difference between freedom and license. Tell how the Scout Oath and Scout Law apply to business and free enterprise.
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#:b. Describe the 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.
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#:b. Describe the Industrial Revolution and tell about the major developments that marked the start of the modern industrial era in the United States. Discuss three people who had a great influence on business or industry in the United States and describe what each did.
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# Do the following:
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#:c. Identify and describe to your counselor the five primary areas of business.
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#:a. 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.
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#:d. Explain the history of labor unions in the United States and the importance of labor unions and employers working together. Identify two major labor unions currently in existence.
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#:b. Explain how changes in interest rates, taxes, and government spending affect the flow of money into or out of business and industry.
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#:e. Discuss with your counselor how business impacts the local, national, and global economy.
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#:c. Explain how a proprietorship or partnership gets its capital. Discuss and explain four ways a corporation gets its capital.
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#Do the following:
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#:d. Explain the place of profit in business.
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#:a. Explain the three basic types of financial statements (income statement, balance sheet, and statement of cash flows). Discuss with your counselor how each statement can help business leaders make better decisions.
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#:e. Name five kinds of insurance useful to business. Describe their purposes.
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#:b. Explain how changes in interest rates, taxes, and government spending affect the flow of money into or out of business and industry.
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# Do the following:
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#:c. Explain how a sole proprietorship or partnership gets its capital. Discuss and explain four ways a corporation obtains capital.
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#:a. 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.
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#:d. Name five kinds of insurance useful to business. Describe their purposes.
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#:b. 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.
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#Do the following:
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# Do ONE of the following:
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#:a. Explain the place of profit in business.
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#:a. Draw an organizational chart of a typical central labor council.
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#:b. Describe to your counselor green marketing and sustainable business practices.
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#:b. Describe automation, union shop, open shop, collective-bargaining agreements, shop steward, business agent, and union counselor.
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#:c. Explain how ethics plays a role in business decision making.
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#:c. Explain the part played by four federal or state agencies in labor relations.
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#:d. Discuss the differences between operating a brick-and-mortar business versus an online business.
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# Run a small business involving a product or service for at least three 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:
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#Describe the role of the U.S. Department of Labor. Discuss two of the following topics with your counselor:
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#:a. How service, friendliness, hard work, and salesmanship helped build your business.
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#:a. Fair Labor Standards Act (FLSA)
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#:b. The benefits you and others received because you were in business. <br>NOTE: Comparable 4-H, FFA, or Junior Achievement projects may be used for requirement 5.
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#:b. Occupational Safety and Health Act (OSHA)
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# Do ONE of the following:
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#:c. Family and Medical Leave Act (FMLA)
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#:a. 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.
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#:d. Employee Retirement Income Security Act (ERISA)
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#:b. 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.
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#Choose a business and research how it applies each of the primary areas of business (accounting, finance, economics, marketing, and management). Share what you have learned with your counselor.
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#:c. 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.
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#Do ONE of the following:
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<includeonly>{{BSR}}</includeonly>
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#:a. Choose one of the primary areas of business and identify three career opportunities. Select one and research the education, training, and experience required for this career. Discuss this with your counselor and explain why this interests you.
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#:b. Select a business leader and interview this individual to learn more about his or her company and career path. Discuss the role ethics plays in making business decisions. Share what you have learned with your counselor.
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<includeonly>{{SBR2019}}</includeonly>
<noinclude>{{ReqFooter}}[[Category:Protected Boy Scout requirement pages]]</noinclude>
<noinclude>{{ReqFooter}}[[Category:Protected Boy Scout requirement pages]]</noinclude>

Current revision


Mobile Menus: Cub Scouts - Scouts BSA - Venturing - Sea Scouts

  1. Do the following:
    a. Explain four features of the free enterprise system in the United States. Describe the difference between freedom and license. Tell how the Scout Oath and Scout Law apply to business and free enterprise.
    b. Describe the Industrial Revolution and tell about the major developments that marked the start of the modern industrial era in the United States. Discuss three people who had a great influence on business or industry in the United States and describe what each did.
    c. Identify and describe to your counselor the five primary areas of business.
    d. Explain the history of labor unions in the United States and the importance of labor unions and employers working together. Identify two major labor unions currently in existence.
    e. Discuss with your counselor how business impacts the local, national, and global economy.
  2. Do the following:
    a. Explain the three basic types of financial statements (income statement, balance sheet, and statement of cash flows). Discuss with your counselor how each statement can help business leaders make better decisions.
    b. Explain how changes in interest rates, taxes, and government spending affect the flow of money into or out of business and industry.
    c. Explain how a sole proprietorship or partnership gets its capital. Discuss and explain four ways a corporation obtains capital.
    d. Name five kinds of insurance useful to business. Describe their purposes.
  3. Do the following:
    a. Explain the place of profit in business.
    b. Describe to your counselor green marketing and sustainable business practices.
    c. Explain how ethics plays a role in business decision making.
    d. Discuss the differences between operating a brick-and-mortar business versus an online business.
  4. Describe the role of the U.S. Department of Labor. Discuss two of the following topics with your counselor:
    a. Fair Labor Standards Act (FLSA)
    b. Occupational Safety and Health Act (OSHA)
    c. Family and Medical Leave Act (FMLA)
    d. Employee Retirement Income Security Act (ERISA)
  5. Choose a business and research how it applies each of the primary areas of business (accounting, finance, economics, marketing, and management). Share what you have learned with your counselor.
  6. Do ONE of the following:
    a. Choose one of the primary areas of business and identify three career opportunities. Select one and research the education, training, and experience required for this career. Discuss this with your counselor and explain why this interests you.
    b. Select a business leader and interview this individual to learn more about his or her company and career path. Discuss the role ethics plays in making business decisions. Share what you have learned with your counselor.

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