| 1.
|
Conduct a self-analysis to determine if one has the personal qualities
essential for owning and operating a small business. (I)
|
| 2.
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Use problem-solving methods in determining the course of action to
follow in starting and operating a small business. (II)
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| 3.
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Create a business plan. (II)
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| 4.
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Identify and explain laws and regulations that affect the small
business owner. (III)
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| 5.
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Explain the advantages and disadvantages of various types of business
ownership. (IV, VI)
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| 6.
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Compare ratios between similar businesses. (IV)
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| 7.
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Identify the different sources of debt capital, and explain the
advantages and disadvantages of each. (IV)
|
| 8.
|
Describe the characteristics of various types of business locations.
(V)
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| 9.
|
Compare management styles and practices to determine effectiveness.
(VII)
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| 10.
|
Describe various types of inventory control methods. (VIII)
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| 11.
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Describe different types of costs, and calculate break-even. (VIII)
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| 12.
|
Read and interpret financial statements. (VIII)
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| 13.
|
Compare and contrast methods for promoting a business, product, or
service. (IX)
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| 14.
|
Explain the various considerations that must go into establishing a
price for a product or service. (IX)
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| 15.
|
Describe the challenge of ethics in small business, and define codes
of conduct for businesses. (X)
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