• Given a business scenario, students evaluate management decisions and develop a plan based on the economic picture.

Standard 3: Students will show an understanding of financial responsibility and accounting procedures used in production agriculture and agribusiness management. Students will analyze and compare credit sources and types, and calculate repayment ability and cost of credit.
Examples of the types of work students should be able to do to meet the standard:

• Students demonstrate the procedures of accounting and bookkeeping systems commonly used in production agriculture and agribusiness using one system to monitor their own supervised practical experience.
• Students prepare an enterprise budget and cash flow statement, and indicate management decisions based on financial and production records.
• Students determine the tax obligations for an agribusiness.

• Students identify the types of insurance available to minimize liability and financial risks.

Standard 5: Students will show an understanding of concepts and functions of marketing and sales in agriculture on both the local and international level. Students will design a marketing plan for an agricultural product or service and present it to a potential business.
Examples of the types of work students should be able to do to meet the standard:

• Students demonstrate agriculture sales in a role-playing situation.
• Given two countries, students explain the role of governmental, economic, and cultural factors affecting international trade between the United States and each of the two countries.

Standard 6: Students will show an understanding of ethics in agribusiness activities and the importance of labor management relations to agribusiness. They will analyze and interpret questions of ethics.
Examples of the types of work students should be able to do to meet the standard:

• Students identify and evaluate ethical factors affecting labor management.

Standard 7: Students will show an understanding of how private and public organizations and agencies impact agriculture and agribusiness. They will identify, analyze, and compare the purposes, services, and effects of these organizations on agriculture and agribusiness.
Examples of the types of work students should be able to do to meet the standard:

• Students develop a plan that effectively utilizes both private and public organizations and agencies in addressing a major agricultural issue.

Standard 8: Students will show an understanding of the use of the computer in agribusiness for decision making and office management. They will identify and evaluate major uses of computers in agricultural business.
Examples of the types of work students should be able to do to meet the standard:

• Students perform business operations using the database, word processing, and spreadsheet software.

Standard 9: Students will show an understanding of the principles of record keeping. They will maintain and complete a set of financial records based on their supervised practical experience project.
Examples of the types of work students should be able to do to meet the standard:

• Students demonstrate record keeping using two methods or systems, and will explain the differences between financial and production records.

Standard 10: Students will show that they recognize the traits of effective leaders. They will participate in leadership training activities, including public speaking, leading group discussions, working within a committee, conducting business meetings, and problem solving.
Examples of the types of work students should be able to do to meet the standard:

• Students analyze their own leadership skills. Students identify leadership training activities, including public speaking, leading group discussions, working within a committee, conducting business meetings, and problem solving to help build those skills.

Standard 11: Students will show an understanding of the relationship between supervised practical experience projects and their preparation for a career in agriculture. Students will engage in a supervised practical experience employing skills and knowledge learned in the classroom.
Examples of the types of work students should be able to do to meet the standard:

• Students maintain an ongoing record book and identify those specific skills developed in preparation for a career in agriculture.

• Students select an agriculture product or service for which they develop a written marketing and advertising campaign. Students (1) develop a computer data base of potential users of the product or service; (2) develop and mail sales flyers; (3) record hours and expenses for the project; (4) evaluate responses; and (5) prepare a written report on findings.