What’s Your Big Idea? Key Terms Entrepreneur – a person who starts his or her own business in the hope of earning a profit. Entrepreneurship – the imagination, innovative thinking, and management skills needed to start and operate a business. Free enterprise – a system that allows people to make choices freely in their economic roles. Good – items that can be bought or sold. Profit – the amount of money left after all business expenses have been paid. Services – work done for others, such as haircuts or car repairs.
Our Nation Fifth Grade Volunteer’s Name Volunteer’s Title Volunteer’s Company
Advertising Slogans Save Money. Live Better. Just Do It Live in your world. Play in ours. The happiest place on earth. When you care enough to send the very best I’m loving it. Melts in your mouth, not in your hands Impossible is Nothing
Helpful Links – Session 1 To open the link click on the link and then “esc” the powerpoint slide * Helpful links for the “Business Topic Cards: What’s Your Big Idea? * Pets http: //www. petsmart. com/ Sports http: //www. dickssportinggoods. com/home/index. jsp Transportation http: //www. tarta. com/ Engineers http: //www. ssoe. com/ Entertainment http: //www. stranahantheater. com/ Energy http: //www. firstsolar. com/en/index. php Medical http: //www. promedica. org/ Music http: //www. richardsmusic. net/
Business Organization Supplemental Session Key Terms Corporation – a business owned by stockholders. Partnership – a business owned and operated by two or more people. Stock – parts of ownership of a corporation. Stockholders – individuals who own stock in a company. Sole Proprietorship – a business that is owned and operated by one person.
Helpful Links – Supplement Session To open the link click on the link and then “esc” the powerpoint slide Stock Market Game http: //www. updown. com/? _code=affiliates? idev_id=102
What’s a Resource? Key Terms Resource – something of value that takes care of a need. Human Resource – people who do the work that a business needs. Natural Resource – things that occur naturally in the world, such as air, water, minerals and trees. Capital Resource – buildings, tools and machines that are used to produce goods or services. Opportunity Cost – The value of the next best alternative given up when a choice is made. Scarcity – a situation in which people can’t have everything they want because of limited resources. Technology – The use of machinery, equipment, and/or process to make or do something.
Technophobes and Technophiles How were reports written before people used personal computers? How did people listen to music before MP 3 players, and where did they get it? How did people keep cool or warm before air conditioning and heating? How did kitchens function before refrigerators, stoves and microwaves ovens?
Helpful Links – Session 2 To open the link click on the link and then “esc” the powerpoint slide Fun Facts of Ohio http: //www. 50 states. com/facts/ohio. htm Scarcity http: //www. reference. com/browse/scarcity Technology – Electronics http: //www. wired. com/geekdad/wp-content/uploads/2010/01/ce-timeline 2. jpg
Job to Job Key Terms Communication – written or spoken exchanges between people to share information. Demand – the quantity of a particular good or service that consumers are willing and able to buy. Engineering – using a foundation of math and science to design better products, engineers build and test prototypes, or models, to see if they work. Skills – a person’s talents or abilities. Supply – the quantity of a good or service that producers are willing and able to sell at different prices at a particular time.
Job Skills Chart Automotive Technician Computer Programmer Engineer Electrician Science Technology Engineering Mathematics Farmer Nurse Small Business Owner Teacher
A Cluster of Skills Key Terms Employees – people who work for business. Employers – business that hire workers. High – growth, High demand jobs – jobs projected to add substantial numbers of employees to the workforce or affect the growth of other industries. Job interview – the discussion between a potential employee and employer to help decide if the job is a good match. Resume – a written summary of a person’s education and work experience to help employers hire the best employee for a job.
Helpful Links – Session 4 To open the link click on the link and then “esc” the powerpoint slide Video Interview Tips http: //www. ehow. com/video_5103457_job-interview-tips_-dos-don_ts. html Dos and Don’ts of Interviewing http: //www. quintcareers. com/interview_follow-up-dos-donts. html How to write a resume http: //www. how-to-write-a-resume. org/
Worldwide Connections Key Terms Competition – rivalry between two or more businesses striving for the same customer or market. Globally Competitive – to compete for business or workers around the world. Specialization – to produce a unique or special product.
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