BUSINESS MANAGEMENT  Master PowerPoint on Chapter 5 Chapter 6 Chapter 7

Friday, February 13, 2015  About Ethics and Social Responsibility

Monday, February 16, 2015  Recapping Enron Movie  What were various ethical dilemmas?

Recap of Monday, February 16, 2015  Business, Workers and the Law  Regulations and 6 Laws… 1. Corporate Law (3 types of business) 2. Tax Law 3. Intellectual Property Law (3 types) 4. Consumer Law 5. Commercial/Contract Law 6. Licensing and Zoning Law

Recap of Monday, February 16, 2015  3 Intellectual Property types Patents … inventions Trademarks/Logos …. Examples?? Copyright….creative work (books, songs, art, plays

Recap of Monday, February 16, 2015  3 Business Types Sole proprietorship Partnership Corporation

Monday, February 23, 2015  Employment Laws and their Impact Read pp Write out all definitions (12) Complete your assigned Employment Law case. Research your particular case and write out two paragraphs about the law assigned. You may use – not copy – the book. Please utilize internet and cite at least one website used.

 Employment Laws and their Impact  Let’s test our Law and Employment Law knowledge by going over Chapter 5 Assessment on page 130.

 EQ: Understand economic indicators to recognize economic trends & conditions.  We will look closely at making decisions in a market economy.  Who has ever tried to buy a product that was in limited supply??

 Scarcity = fact that too few resources are available for everyone in the world to consume as much as he or she would like  Opportunity cost = when you take one action/make one purchase, then this is the best opportunity that is passed up/lost

 Scarcity impacts: Limited income Limited resources Limited education/low skills

 Command economy = government decides what good and services are produced.  Market economy = private companies and individuals decide what to product and consume.

 Supply = quantity of a good or service that businesses are willing and able to provide (Direct relationship)  Demand = quantity of a good or service that consumers are willing and able to buy (Indirect relationship)

Wednesday, February 25, 2015  EQ: Understand economic indicators to recognize economic trends & conditions.  Today, we will look at Business Cycle, its phases and various Economic Indicators.  What business cycles have occurred in the last 100 years??

Wednesday, February 25, 2015

 More on ….the Business Cycle  Periods with little growth or decline would simply be considered stagnation and movement of line is passage of time. Line will normally show some mild grade of slope.  Some more helpful graphs follow. …..

Wednesday, February 25, 2015

Monday, March 2, 2015  Measuring Economic Activity  Real Life applications of measuring performance … EXAMPLES  GDP = gross domestic product or total dollar value of all final goods and services produced in country in a year  GDP per Capita = output per person

4 Items Make up GDP  1. Consumer Spending  2. Business Spending

 3. Government Spending  4. Exports and Imports

 Other Measures of Economic Activity Unemployment Rate Productivity Personal Income Retail Sales

Unemployment Rate  NC rates.. October 2013  unemployment-rates-for-nc- released.html

Productivity  r0.htm r0.htm

Personal Income

Retail Sales…. faltering-bottom-60-of-households- have-no-real-income-gains-since- 2008/

 For a Classwork grade: …. Chapter 6 Assessment Write out 13 definitions and answer 5 Recall Key Concepts questions and 5 Thinking Critical questions

 EQ: Understanding impact of global economy on business management.  Global economy = economy in which companies compete actively with businesses from all over the world  Free trade area = region within which trade restrictions are reduced or eliminated  NAFTA = 1994 b/w USA,Canada,Mexico

 NAFTA good or bad for US companies, US workers, US consumers?!?!?  mB_my0ls

 Various avenues to do business globally… Foreign Intermediary Licenses and Franchises Strategic Alliance Multinational Corporations

 NFL overseas: fe4/article/basing-an-nfl-franchise- overseas-would-bring-major-obstacles fe4/article/basing-an-nfl-franchise- overseas-would-bring-major-obstacles  Subway growing worldwide: GMjIpVw  GM Trucks and Toyota Sedans alliance

 Must understand foreign cultures… China: food and meals are key Indonesia: fashionably late Singapore: art of business card Saudi Arabia: clasp hands vs. handshake Switzerland: very formal – no humor

More on Culture  Chinese business culture: coF3I  Indonesia: 3LknZFo 3LknZFo  France: ydTzeyw

Assignment  Go find a country we have not discussed today and identify one (1) important/interesting piece of business etiquette/culture for that country