American Business
- Do the following:
- Explain four features of the free enterprise system
in 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: 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 interest rates, taxes, and
government spending 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.
- Do the following:
- Pick two or more stocks from the financial pages of
a newspaper. 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.
- Write to one company whose stock you "bought." Ask
for a copy of its annual report. Explain it.
- Do 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, 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 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. *
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.