Principles of Business, Marketing and Finance

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Presentation transcript:

Principles of Business, Marketing and Finance Legal Responsibilities in Financial Exchange Copyright © Texas Education Agency, 2012. All rights reserved.

 “Copyright and Terms of Service Copyright © Texas Education Agency. The materials found on this website are copyrighted © and trademarked ™ as the property of the Texas Education Agency and may not be reproduced without the express written permission of the Texas Education Agency, except under the following conditions: Texas public school districts, charter schools, and Education Service Centers may reproduce and use copies of the Materials and Related Materials for the districts’ and schools’ educational use without obtaining permission from the Texas Education Agency; 2) Residents of the state of Texas may reproduce and use copies of the Materials and Related Materials for individual personal use only without obtaining written permission of the Texas Education Agency; 3) Any portion reproduced must be reproduced in its entirety and remain unedited, unaltered and unchanged in any way; 4) No monetary charge can be made for the reproduced materials or any document containing them; however, a reasonable charge to cover only the cost of reproduction and distribution may be charged. Private entities or persons located in Texas that are not Texas public school districts or Texas charter schools or any entity, whether public or private, educational or non-educational, located outside the state of Texas MUST obtain written approval from the Texas Education Agency and will be required to enter into a license agreement that may involve the payment of a licensing fee or a royalty fee. Call TEA Copyrights with any questions you have.

Discovery Is fulfilling monetary exchange terms a legal or ethical issue? What are legal responsibilities of monetary exchange? Search the Internet to identify scenarios of legal issues in monetary exchange. Copyright © Texas Education Agency, 2012. All rights reserved.

Need to Know Terms Financial Exchange Legal Responsibility Exchange Terms Copyright © Texas Education Agency, 2012. All rights reserved.

Introduction–Purpose of the Lesson SWBAT (students will be able to) Understand the legal responsibility of money exchange Recognize the importance of fulfilling monetary exchange terms Develop ethical practices in money exchange Copyright © Texas Education Agency, 2012. All rights reserved.

Guided Practice Review the article provided related to legal financial exchange Identify an unknown fact or element within the text Discuss the article with a partner and the importance of the information presented related to the impact on the economy and the practice of exchange overall Be prepared to share with the class Copyright © Texas Education Agency, 2012. All rights reserved.

Independent Practice Research current laws related to financial exchange within the stock market or consumer product/service purchasing Identify the origination of the law and the key elements affecting businesses and consumers Create a poster highlighting the legal elements and give suggestions for ensuring a business and consumer abide by these requirements Share findings with class as a formal presentation and post visual throughout room as a reminder of these legal responsibilities Copyright © Texas Education Agency, 2012. All rights reserved.

Summary What are considerations you should make when purchasing an item in the future? Name one of the legal responsibilities a business has when selling a product. What will you do differently upon making a purchase? Copyright © Texas Education Agency, 2012. All rights reserved.