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High School Business Management and Law

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Suggested Prerequisites

Principles of Entrepreneurship

Description

Unlock the secrets to success in the corporate world! In this course, students will explore key business management concepts, including human relations, sales and marketing, and finances. With a focus on the role of management in small businesses and the government regulations that impact businesses, this course introduces students to the principles of effective business management and the legal considerations and implications that underpin these practices.At the end of the course, you may have the opportunity to take the PMI Project Management Ready industry certification exam. Business Management and Law is the second course in the Entrepreneurship program of study in the Marketing, Sales & Service career cluster. This course meets the practical arts requirement for graduation.

Module One: Business Basics

-Types of business ownership

-The role of free enterprise

-The business cycle

-Business structures

-Responsibilities and risks for business owners

-Types of manufacturing

-Supply and demand

-The global economy and global trade

-Importing and exporting


Module Two: Getting Started in Business

-Product-based and service-based businesses

-Distribution channels

-The procurement process

-Vendor selection and effective purchasing strategies

-Inventory planning and control systems

-Minimizing shrinkage and preventing theft

-Handling cash transactions

-Credit card fees

-Determining creditworthiness

-Customer service and resolving customer complaints


Module Three: Supporting Your Workforce

-The recruitment process

-Types of employees

-Creating selection criteria

-Writing a job description

-Candidate selection and conducting a job interview

-The onboarding process and new employee paperwork

-Functions of human resources and employment laws

-Creating a compensation package

-Positive work habits and employee productivity

-Termination process

Module Four: Leading with Purpose

-The roles of a manager

-Obligations of a manager

-Interpersonal managerial roles

-Informational managerial roles

-Decisional managerial roles

-Functions of management

-Creating a meeting agenda


Module Five: Keeping Track of Finances

-Conducting a feasibility study

-Writing, presenting, and analyzing an effective business plan

-Calculating startup costs: startup vs operating capital

-Financing options

-Operating costs: fixed vs variable

-Importance of financial management

-Break-even point, markup, turnover, markdowns

-Financial statements and aging reports

-Income statements, statement of owner’s equity, and balance sheets

-Credit policies and credit management


Module Six: Keeping It Legal

-Employment law compliance

-Maintenance records

-Workplace safety and consumer protection

-Government regulations

-Consumer and employee protection

-Regulatory agencies, permits, and licenses

-Enforceable contracts

-Accounting services

-Business taxes

-Types of business insurance