# CTE Resource Center - Verso - Economics and Personal Finance FBLA Competitive Events and Activities Areas Correlation by Task

CTE Resource Center - Verso

Virginia’s CTE Resource Center

FBLA Competitive Events and Activities Areas Correlation by Task

In this course, the following tasks/competencies reinforce the standards listed beside them. Teachers may identify additional reinforcements in locally developed instructional materials.

Task/Competency Number Task/Competency Statement Standards
39 Describe how consumers, businesses, and government decision-makers face scarcity of resources and must make trade-offs and incur opportunity costs. FBLA Competitive Events and Activities Areas: Accounting I ♦ Accounting II ♦ Banking and Financial Systems ♦ Business Financial Plan ♦ Economics ♦ Entrepreneurship ♦ Introduction to Business ♦ Personal Finance
40 Explain that economic choices often have long-term, unintended consequences. FBLA Competitive Events and Activities Areas: Accounting I ♦ Accounting II ♦ Banking and Financial Systems ♦ Business Financial Plan ♦ Economics ♦ Entrepreneurship ♦ Introduction to Business ♦ Personal Finance
41 Describe how effective decision-making requires comparing the additional costs (marginal costs) and additional benefits (marginal benefits). FBLA Competitive Events and Activities Areas: Accounting I ♦ Accounting II ♦ Banking and Financial Systems ♦ Business Financial Plan ♦ Economics ♦ Entrepreneurship ♦ Introduction to Business ♦ Personal Finance
42 Identify factors of production. FBLA Competitive Events and Activities Areas: Accounting I ♦ Accounting II ♦ Banking and Financial Systems ♦ Business Financial Plan ♦ Economics ♦ Entrepreneurship ♦ Introduction to Business ♦ Personal Finance
43 Compare economic systems. FBLA Competitive Events and Activities Areas: Accounting I ♦ Accounting II ♦ Banking and Financial Systems ♦ Business Financial Plan ♦ Economics ♦ Entrepreneurship ♦ Introduction to Business ♦ Personal Finance
44 Explain Adam Smith’s characteristics of a market economy. FBLA Competitive Events and Activities Areas: Accounting I ♦ Accounting II ♦ Banking and Financial Systems ♦ Business Financial Plan ♦ Economics ♦ Entrepreneurship ♦ Introduction to Business ♦ Personal Finance
45 Describe how consumers, producers, workers, savers, investors, and other people respond to incentives. FBLA Competitive Events and Activities Areas: Accounting I ♦ Accounting II ♦ Banking and Financial Systems ♦ Business Financial Plan ♦ Economics ♦ Entrepreneurship ♦ Introduction to Business ♦ Personal Finance
46 Explain how businesses respond to consumer sovereignty. FBLA Competitive Events and Activities Areas: Accounting I ♦ Accounting II ♦ Banking and Financial Systems ♦ Business Financial Plan ♦ Economics ♦ Entrepreneurship ♦ Introduction to Business ♦ Personal Finance
47 Identify the role of entrepreneurs. FBLA Competitive Events and Activities Areas: Accounting I ♦ Accounting II ♦ Banking and Financial Systems ♦ Business Financial Plan ♦ Economics ♦ Entrepreneurship ♦ Introduction to Business ♦ Personal Finance
48 Compare the costs and benefits of different forms of business organization. FBLA Competitive Events and Activities Areas: Accounting I ♦ Accounting II ♦ Banking and Financial Systems ♦ Business Financial Plan ♦ Economics ♦ Entrepreneurship ♦ Introduction to Business ♦ Personal Finance
49 Describe how costs and revenues affect profit and supply. FBLA Competitive Events and Activities Areas: Accounting I ♦ Accounting II ♦ Banking and Financial Systems ♦ Business Financial Plan ♦ Economics ♦ Entrepreneurship ♦ Introduction to Business ♦ Personal Finance
50 Describe how increased productivity affects costs of production and standard of living. FBLA Competitive Events and Activities Areas: Accounting I ♦ Accounting II ♦ Banking and Financial Systems ♦ Business Financial Plan ♦ Economics ♦ Entrepreneurship ♦ Introduction to Business ♦ Personal Finance
51 Examine how investment in human capital, physical capital, and technology can improve productivity. FBLA Competitive Events and Activities Areas: Accounting I ♦ Accounting II ♦ Banking and Financial Systems ♦ Economics ♦ Entrepreneurship ♦ Introduction to Business ♦ Personal Finance
52 Describe the effects of competition on producers, sellers, and consumers. FBLA Competitive Events and Activities Areas: Accounting I ♦ Accounting II ♦ Banking and Financial Systems ♦ Business Financial Plan ♦ Economics ♦ Entrepreneurship ♦ Introduction to Business ♦ Personal Finance
53 Explain why monopolies or collusion among sellers reduces competition and raises prices. FBLA Competitive Events and Activities Areas: Accounting I ♦ Accounting II ♦ Banking and Financial Systems ♦ Business Financial Plan ♦ Economics ♦ Entrepreneurship ♦ Introduction to Business ♦ Personal Finance
54 Describe the circular flow of economic activity. FBLA Competitive Events and Activities Areas: Accounting I ♦ Accounting II ♦ Banking and Financial Systems ♦ Business Financial Plan ♦ Economics ♦ Entrepreneurship ♦ Introduction to Business ♦ Personal Finance
55 Examine the laws of supply and demand and the determinants of each. FBLA Competitive Events and Activities Areas: Accounting I ♦ Accounting II ♦ Banking and Financial Systems ♦ Business Financial Plan ♦ Economics ♦ Entrepreneurship ♦ Introduction to Business ♦ Personal Finance
56 Explain how the interaction of supply and demand determines equilibrium price. FBLA Competitive Events and Activities Areas: Accounting I ♦ Accounting II ♦ Banking and Financial Systems ♦ Business Financial Plan ♦ Economics ♦ Entrepreneurship ♦ Introduction to Business ♦ Personal Finance
57 Describe the elasticity of supply and demand. FBLA Competitive Events and Activities Areas: Accounting I ♦ Accounting II ♦ Banking and Financial Systems ♦ Economics ♦ Entrepreneurship ♦ Introduction to Business ♦ Personal Finance
58 Examine the purposes and implications of price ceilings and price floors. FBLA Competitive Events and Activities Areas: Accounting I ♦ Accounting II ♦ Banking and Financial Systems ♦ Business Financial Plan ♦ Economics ♦ Entrepreneurship ♦ Introduction to Business ♦ Personal Finance
59 Examine the market value of a worker’s skills and knowledge. FBLA Competitive Events and Activities Areas: Accounting I ♦ Accounting II ♦ Banking and Financial Systems ♦ Business Financial Plan ♦ Economics ♦ Entrepreneurship ♦ Introduction to Business ♦ Personal Finance
60 Describe how changes in supply and demand for goods and services affect a worker’s income. FBLA Competitive Events and Activities Areas: Accounting I ♦ Accounting II ♦ Banking and Financial Systems ♦ Business Financial Plan ♦ Economics ♦ Entrepreneurship ♦ Introduction to Business ♦ Personal Finance
61 Describe economic indicators, such as gross domestic product (GDP), consumer price index (CPI), and unemployment rate. FBLA Competitive Events and Activities Areas: Accounting I ♦ Accounting II ♦ Banking and Financial Systems ♦ Business Financial Plan ♦ Economics ♦ Entrepreneurship ♦ Introduction to Business ♦ Personal Finance
62 Describe the causes and effects of unemployment and inflation. FBLA Competitive Events and Activities Areas: Accounting I ♦ Accounting II ♦ Banking and Financial Systems ♦ Business Financial Plan ♦ Economics ♦ Entrepreneurship ♦ Introduction to Business ♦ Personal Finance
63 Describe the fluctuations of the business cycle. FBLA Competitive Events and Activities Areas: Accounting I ♦ Accounting II ♦ Banking and Financial Systems ♦ Business Financial Plan ♦ Economics ♦ Entrepreneurship ♦ Introduction to Business ♦ Personal Finance
65 Demonstrate knowledge of the nation’s financial system. FBLA Competitive Events and Activities Areas: Accounting I ♦ Accounting II ♦ Banking and Financial Systems ♦ Business Financial Plan ♦ Economics ♦ Entrepreneurship ♦ Introduction to Business ♦ Personal Finance
66 Demonstrate knowledge of how monetary and fiscal policy influence employment, output, and prices. FBLA Competitive Events and Activities Areas: Accounting I ♦ Accounting II ♦ Banking and Financial Systems ♦ Business Financial Plan ♦ Economics ♦ Entrepreneurship ♦ Introduction to Business ♦ Personal Finance
67 Demonstrate knowledge of the role of government in a market economy. FBLA Competitive Events and Activities Areas: Accounting I ♦ Accounting II ♦ Banking and Financial Systems ♦ Business Financial Plan ♦ Economics ♦ Entrepreneurship ♦ Introduction to Business ♦ Personal Finance
68 Demonstrate knowledge of the global economy. FBLA Competitive Events and Activities Areas: Accounting I ♦ Accounting II ♦ Banking and Financial Systems ♦ Business Financial Plan ♦ Economics ♦ Entrepreneurship ♦ Global Business ♦ Introduction to Business ♦ Personal Finance
69 Examine basic economic concepts and their relation to product prices and consumer spending. FBLA Competitive Events and Activities Areas: Business Financial Plan ♦ Entrepreneurship ♦ Introduction to Business ♦ Personal Finance
70 Examine the effect of supply and demand on wages and prices. FBLA Competitive Events and Activities Areas: Business Financial Plan ♦ Economics ♦ Entrepreneurship ♦ Introduction to Business ♦ Personal Finance
71 Describe the steps for making a purchase decision. FBLA Competitive Events and Activities Areas: Business Financial Plan ♦ Economics ♦ Entrepreneurship ♦ Introduction to Business ♦ Personal Finance
72 Describe common types of contracts and the implications of each. FBLA Competitive Events and Activities Areas: Business Financial Plan ♦ Business Law ♦ Economics ♦ Entrepreneurship ♦ Introduction to Business ♦ Personal Finance
73 Demonstrate comparison-shopping skills. FBLA Competitive Events and Activities Areas: Business Financial Plan ♦ Economics ♦ Entrepreneurship ♦ Introduction to Business ♦ Personal Finance
74 Maintain a filing system for personal financial records. FBLA Competitive Events and Activities Areas: Business Financial Plan ♦ Personal Finance
75 Examine the impact of advertising and marketing on consumer demand and decision making in the global marketplace. FBLA Competitive Events and Activities Areas: Business Financial Plan ♦ Business Plan ♦ Entrepreneurship ♦ Future Business Leader ♦ Global Business ♦ Introduction to Business ♦ Marketing ♦ Personal Finance
76 Access reliable financial information from a variety of sources. FBLA Competitive Events and Activities Areas: Accounting I ♦ Accounting II ♦ Banking and Financial Systems ♦ Business Financial Plan ♦ Business Plan ♦ Entrepreneurship ♦ Introduction to Business ♦ Marketing
77 Explain consumer rights, responsibilities, remedies, and the importance of consumer vigilance. FBLA Competitive Events and Activities Areas: Business Financial Plan ♦ Business Law ♦ Business Plan ♦ Entrepreneurship ♦ Global Business ♦ Introduction to Business ♦ Marketing ♦ Personal Finance
78 Examine precautions for protecting identity and other personal information. FBLA Competitive Events and Activities Areas: Introduction to Business ♦ Personal Finance
79 Interact effectively with salespersons and merchants. FBLA Competitive Events and Activities Areas: Business Financial Plan ♦ Client Service ♦ Economics ♦ Entrepreneurship ♦ Help Desk ♦ Introduction to Business ♦ Marketing ♦ Personal Finance
80 Describe consumer protection regulations. FBLA Competitive Events and Activities Areas: Business Financial Plan ♦ Client Service ♦ Economics ♦ Entrepreneurship ♦ Help Desk ♦ Introduction to Business ♦ Marketing ♦ Personal Finance
81 Describe the role of consumer assistance agencies. FBLA Competitive Events and Activities Areas: Business Law ♦ Client Service ♦ Economics ♦ Entrepreneurship ♦ Help Desk ♦ Introduction to Business ♦ Personal Finance
82 Compare the costs and benefits of purchasing vs. leasing a vehicle. FBLA Competitive Events and Activities Areas: Accounting II ♦ Banking and Financial Systems ♦ Business Calculations ♦ Business Math ♦ Economics ♦ Entrepreneurship ♦ Introduction to Business ♦ Personal Finance
83 Compare the advantages and disadvantages of renting vs. purchasing a home. FBLA Competitive Events and Activities Areas: Business Calculations ♦ Business Math ♦ Economics ♦ Introduction to Business ♦ Personal Finance
84 Describe the process of renting housing. FBLA Competitive Events and Activities Areas: Business Calculations ♦ Business Math ♦ Economics ♦ Introduction to Business ♦ Personal Finance
85 Describe the process of purchasing a home. FBLA Competitive Events and Activities Areas: Business Calculations ♦ Business Math ♦ Economics ♦ Introduction to Business ♦ Personal Finance
86 Calculate the cost of utilities, services, maintenance, and other housing expenses involved in independent living. FBLA Competitive Events and Activities Areas: Business Calculations ♦ Business Math ♦ Economics ♦ Introduction to Business ♦ Personal Finance
87 Evaluate discretionary spending decisions. FBLA Competitive Events and Activities Areas: Business Calculations ♦ Business Math ♦ Economics ♦ Introduction to Business ♦ Personal Finance
88 Describe the types of financial institutions. FBLA Competitive Events and Activities Areas: Accounting I ♦ Accounting II ♦ Banking and Financial Systems ♦ Economics ♦ Entrepreneurship ♦ Introduction to Business ♦ Personal Finance
89 Examine how financial institutions affect personal financial planning. FBLA Competitive Events and Activities Areas: Banking and Financial Systems ♦ Economics ♦ Introduction to Business ♦ Personal Finance
90 Evaluate services and related costs associated with personal banking. FBLA Competitive Events and Activities Areas: Banking and Financial Systems ♦ Economics ♦ Introduction to Business ♦ Personal Finance
91 Differentiate among types and regulations of electronic monetary transactions. FBLA Competitive Events and Activities Areas: Accounting I ♦ Accounting II ♦ Banking and Financial Systems ♦ Economics ♦ Introduction to Business ♦ Personal Finance
92 Prepare all forms necessary for opening and maintaining a checking and a savings account. FBLA Competitive Events and Activities Areas: Accounting I ♦ Accounting II ♦ Banking and Financial Systems ♦ Economics ♦ Introduction to Business ♦ Personal Finance
93 Reconcile bank statements. FBLA Competitive Events and Activities Areas: Accounting I ♦ Accounting II ♦ Banking and Financial Systems ♦ Economics ♦ Introduction to Business ♦ Personal Finance
94 Compare costs and benefits of online, mobile, and traditional banking. FBLA Competitive Events and Activities Areas: Accounting I ♦ Accounting II ♦ Banking and Financial Systems ♦ Economics ♦ Introduction to Business ♦ Personal Finance
95 Explain how certain historical events have influenced the banking system and other financial institutions. FBLA Competitive Events and Activities Areas: Accounting I ♦ Accounting II ♦ Banking and Financial Systems ♦ Economics ♦ Global Business ♦ Introduction to Business ♦ Personal Finance
96 Compare the U.S. monetary system with the international monetary system. FBLA Competitive Events and Activities Areas: Accounting I ♦ Accounting II ♦ Banking and Financial Systems ♦ Economics ♦ Introduction to Business ♦ Personal Finance
97 Evaluate the various methods of financing a purchase. FBLA Competitive Events and Activities Areas: Accounting I ♦ Accounting II ♦ Banking and Financial Systems ♦ Business Calculations ♦ Business Math ♦ Introduction to Business ♦ Personal Finance
98 Analyze credit card features and their impact on personal financial planning. FBLA Competitive Events and Activities Areas: Accounting I ♦ Accounting II ♦ Banking and Financial Systems ♦ Business Calculations ♦ Business Math ♦ Introduction to Business ♦ Personal Finance
99 Identify qualifications needed to obtain credit. FBLA Competitive Events and Activities Areas: Accounting I ♦ Accounting II ♦ Banking and Financial Systems ♦ Business Calculations ♦ Business Math ♦ Introduction to Business ♦ Personal Finance
100 Identify basic provisions of credit and loan laws. FBLA Competitive Events and Activities Areas: Accounting I ♦ Accounting II ♦ Banking and Financial Systems ♦ Business Calculations ♦ Business Law ♦ Business Math ♦ Introduction to Business ♦ Personal Finance
101 Compare terms and conditions of various sources of consumer credit. FBLA Competitive Events and Activities Areas: Accounting I ♦ Accounting II ♦ Banking and Financial Systems ♦ Business Calculations ♦ Business Math ♦ Introduction to Business ♦ Personal Finance
102 Identify strategies for effective debt management, including sources of assistance. FBLA Competitive Events and Activities Areas: Accounting I ♦ Accounting II ♦ Banking and Financial Systems ♦ Business Calculations ♦ Business Law ♦ Business Math ♦ Economics ♦ Introduction to Business ♦ Personal Finance
103 Explain credit rating and credit report. FBLA Competitive Events and Activities Areas: Accounting I ♦ Accounting II ♦ Banking and Financial Systems ♦ Business Calculations ♦ Business Math ♦ Introduction to Business ♦ Personal Finance
104 Compare the costs and conditions of secured and unsecured loans. FBLA Competitive Events and Activities Areas: Accounting I ♦ Accounting II ♦ Banking and Financial Systems ♦ Business Calculations ♦ Business Math ♦ Economics ♦ Introduction to Business ♦ Personal Finance
105 Compare the types of voluntary and involuntary bankruptcy and the implications of each. FBLA Competitive Events and Activities Areas: Accounting I ♦ Accounting II ♦ Banking and Financial Systems ♦ Business Law ♦ Introduction to Business ♦ Personal Finance
106 Calculate payment schedules for a loan, using spreadsheets, calculators, and/or online tools. FBLA Competitive Events and Activities Areas: Accounting I ♦ Accounting II ♦ Banking and Financial Systems ♦ Business Calculations ♦ Business Math ♦ Economics ♦ Introduction to Business ♦ Personal Finance
107 Complete a sample credit application. FBLA Competitive Events and Activities Areas: Accounting I ♦ Accounting II ♦ Banking and Financial Systems ♦ Business Calculations ♦ Business Financial Plan ♦ Business Math ♦ Business Plan ♦ Economics ♦ Introduction to Business ♦ Personal Finance
108 Evaluate insurance as a risk-management strategy. FBLA Competitive Events and Activities Areas: Accounting I ♦ Accounting II ♦ Banking and Financial Systems ♦ Business Calculations ♦ Business Financial Plan ♦ Business Math ♦ Business Plan ♦ Economics ♦ Insurance and Risk Management ♦ Introduction to Business ♦ Personal Finance
109 Distinguish among the types, costs, and benefits of automobile insurance coverage. FBLA Competitive Events and Activities Areas: Accounting I ♦ Accounting II ♦ Banking and Financial Systems ♦ Business Calculations ♦ Business Financial Plan ♦ Business Math ♦ Business Plan ♦ Economics ♦ Insurance and Risk Management ♦ Introduction to Business ♦ Personal Finance
110 Distinguish among the types, costs, and benefits of life insurance. FBLA Competitive Events and Activities Areas: Accounting I ♦ Accounting II ♦ Banking and Financial Systems ♦ Business Calculations ♦ Business Financial Plan ♦ Business Math ♦ Business Plan ♦ Economics ♦ Insurance and Risk Management ♦ Introduction to Business ♦ Personal Finance
111 Distinguish among the types, costs, and benefits of property insurance. FBLA Competitive Events and Activities Areas: Accounting I ♦ Accounting II ♦ Banking and Financial Systems ♦ Business Calculations ♦ Business Financial Plan ♦ Business Math ♦ Business Plan ♦ Economics ♦ Insurance and Risk Management ♦ Introduction to Business ♦ Personal Finance
112 Distinguish among the types, costs, and benefits of health insurance. FBLA Competitive Events and Activities Areas: Accounting I ♦ Accounting II ♦ Banking and Financial Systems ♦ Business Calculations ♦ Business Financial Plan ♦ Business Math ♦ Business Plan ♦ Economics ♦ Insurance and Risk Management ♦ Introduction to Business ♦ Personal Finance
113 Explain the roles of insurance in financial planning. FBLA Competitive Events and Activities Areas: Accounting I ♦ Accounting II ♦ Banking and Financial Systems ♦ Business Calculations ♦ Business Financial Plan ♦ Business Math ♦ Business Plan ♦ Economics ♦ Insurance and Risk Management ♦ Introduction to Business ♦ Personal Finance
114 Distinguish among the types of professional liability insurance. FBLA Competitive Events and Activities Areas: Accounting I ♦ Accounting II ♦ Banking and Financial Systems ♦ Business Calculations ♦ Business Financial Plan ♦ Business Math ♦ Business Plan ♦ Economics ♦ Insurance and Risk Management ♦ Introduction to Business ♦ Personal Finance
115 Examine how personal choices about education, training, skill development, and careers impact earnings. FBLA Competitive Events and Activities Areas: Economics ♦ Introduction to Business ♦ Job Interview ♦ Personal Finance
116 Differentiate among sources of income. FBLA Competitive Events and Activities Areas: Economics ♦ Introduction to Business ♦ Job Interview ♦ Personal Finance
117 Calculate net pay. FBLA Competitive Events and Activities Areas: Business Calculations ♦ Business Math ♦ Economics ♦ Introduction to Business ♦ Job Interview ♦ Personal Finance
118 Investigate employee benefits and incentives. FBLA Competitive Events and Activities Areas: Economics ♦ Introduction to Business ♦ Job Interview ♦ Personal Finance
119 Complete standard federal employment tax forms. FBLA Competitive Events and Activities Areas: Economics ♦ Introduction to Business ♦ Job Interview ♦ Personal Finance
120 Describe the types and purposes of local, state, and federal taxes and the way each is levied and used. FBLA Competitive Events and Activities Areas: Accounting I ♦ Accounting II ♦ Economics ♦ Introduction to Business ♦ Job Interview ♦ Personal Finance
121 Explore how tax structures affect consumers, producers, and business owners differently. FBLA Competitive Events and Activities Areas: Accounting I ♦ Accounting II ♦ Business Calculations ♦ Business Math ♦ Economics ♦ Introduction to Business ♦ Personal Finance
122 Compute local taxes on products and services. FBLA Competitive Events and Activities Areas: Accounting I ♦ Accounting II ♦ Business Calculations ♦ Business Math ♦ Economics ♦ Introduction to Business ♦ Personal Finance
123 Examine potential tax deductions and credits on a tax return. FBLA Competitive Events and Activities Areas: Accounting I ♦ Accounting II ♦ Business Calculations ♦ Business Math ♦ Economics ♦ Introduction to Business ♦ Personal Finance
124 Explain the content and purpose of a standard W-2 and 1099 form. FBLA Competitive Events and Activities Areas: Accounting I ♦ Accounting II ♦ Business Calculations ♦ Business Math ♦ Economics ♦ Introduction to Business ♦ Personal Finance
125 Explain the similarities and differences between state and federal taxation of inheritances. FBLA Competitive Events and Activities Areas: Accounting I ♦ Accounting II ♦ Business Calculations ♦ Business Law ♦ Business Math ♦ Economics ♦ Introduction to Business ♦ Personal Finance
126 Define the terminology associated with inheritance. FBLA Competitive Events and Activities Areas: Accounting I ♦ Accounting II ♦ Business Calculations ♦ Business Law ♦ Business Math ♦ Economics ♦ Introduction to Business ♦ Personal Finance
127 Compare investment options for a monetary inheritance. FBLA Competitive Events and Activities Areas: Accounting I ♦ Accounting II ♦ Banking and Financial Systems ♦ Business Calculations ♦ Business Law ♦ Business Math ♦ Economics ♦ Introduction to Business ♦ Personal Finance
128 Examine types and purposes of estate planning. FBLA Competitive Events and Activities Areas: Accounting I ♦ Accounting II ♦ Banking and Financial Systems ♦ Business Law ♦ Economics ♦ Introduction to Business ♦ Personal Finance
129 Complete a state income tax form, including electronic formats. FBLA Competitive Events and Activities Areas: Accounting I ♦ Accounting II ♦ Banking and Financial Systems ♦ Business Law ♦ Economics ♦ Introduction to Business ♦ Personal Finance
130 Complete short and itemized federal income tax forms, including electronic formats. FBLA Competitive Events and Activities Areas: Accounting I ♦ Accounting II ♦ Banking and Financial Systems ♦ Business Law ♦ Economics ♦ Introduction to Business ♦ Personal Finance
131 Identify short-term and long-term personal financial goals. FBLA Competitive Events and Activities Areas: Economics ♦ Introduction to Business ♦ Personal Finance
132 Identify anticipated and unanticipated income and expenses. FBLA Competitive Events and Activities Areas: Accounting I ♦ Accounting II ♦ Banking and Financial Systems ♦ Economics ♦ Introduction to Business ♦ Personal Finance
133 Examine components and purposes of a personal net worth statement. FBLA Competitive Events and Activities Areas: Business Calculations ♦ Business Law ♦ Business Math ♦ Economics ♦ Introduction to Business ♦ Personal Finance
134 Develop a personal budget. FBLA Competitive Events and Activities Areas: Economics ♦ Introduction to Business ♦ Personal Finance
135 Investigate the effects of government actions and economic conditions on personal financial planning. FBLA Competitive Events and Activities Areas: Economics ♦ Introduction to Business ♦ Personal Finance
136 Explain how economics influences a personal financial plan. FBLA Competitive Events and Activities Areas: Economics ♦ Introduction to Business ♦ Personal Finance
137 Compare the impact of simple interest vs. compound interest on savings. FBLA Competitive Events and Activities Areas: Accounting I ♦ Accounting II ♦ Business Calculations ♦ Business Math ♦ Economics ♦ Introduction to Business ♦ Personal Finance
138 Compare investment and savings options. FBLA Competitive Events and Activities Areas: Accounting I ♦ Accounting II ♦ Business Calculations ♦ Business Math ♦ Economics ♦ Introduction to Business ♦ Personal Finance
139 Explain costs and income sources for investments. FBLA Competitive Events and Activities Areas: Accounting I ♦ Accounting II ♦ Banking and Financial Systems ♦ Business Calculations ♦ Business Math ♦ Economics ♦ Introduction to Business ♦ Personal Finance ♦ Securities and Investments
140 Examine the fundamental workings of the Social Security System and the system’s effects on retirement planning. FBLA Competitive Events and Activities Areas: Economics ♦ Introduction to Business ♦ Personal Finance
141 Contrast alternative retirement plans. FBLA Competitive Events and Activities Areas: Economics ♦ Introduction to Business ♦ Personal Finance
142 Explore how the stock and bond markets work. FBLA Competitive Events and Activities Areas: Economics ♦ Introduction to Business ♦ Personal Finance ♦ Securities and Investments
143 Identify sources of financial aid. FBLA Competitive Events and Activities Areas: Banking and Financial Systems ♦ Economics ♦ Introduction to Business ♦ Personal Finance
144 Examine types of student loans. FBLA Competitive Events and Activities Areas: Banking and Financial Systems ♦ Economics ♦ Introduction to Business ♦ Personal Finance
145 Explain the repayment process for student loans. FBLA Competitive Events and Activities Areas: Banking and Financial Systems ♦ Economics ♦ Introduction to Business ♦ Personal Finance
146 Describe types of student grants. FBLA Competitive Events and Activities Areas: Banking and Financial Systems ♦ Economics ♦ Introduction to Business ♦ Personal Finance
147 Describe types of scholarships. FBLA Competitive Events and Activities Areas: Banking and Financial Systems ♦ Economics ♦ Introduction to Business ♦ Personal Finance
148 Describe investment options to pay for college costs. FBLA Competitive Events and Activities Areas: Banking and Financial Systems ♦ Economics ♦ Introduction to Business ♦ Personal Finance
149 Identify ways to make the cost of postsecondary education affordable. FBLA Competitive Events and Activities Areas: Banking and Financial Systems ♦ Economics ♦ Introduction to Business ♦ Personal Finance
150 Describe the process and requirements for obtaining industry certifications related to the Economics and Personal Finance course. FBLA Competitive Events and Activities Areas: Job Interview
151 Identify testing skills/strategies for a certification examination. FBLA Competitive Events and Activities Areas: Job Interview
152 Demonstrate ability to successfully complete selected practice examinations (e.g., practice questions similar to those on certification exams). FBLA Competitive Events and Activities Areas: Job Interview
154 Investigate career opportunities. FBLA Competitive Events and Activities Areas: Electronic Career Portfolio ♦ Job Interview
155 Identify personal interests, aptitudes, and attitudes related to the characteristics found in successful workers. FBLA Competitive Events and Activities Areas: Electronic Career Portfolio ♦ Job Interview
156 Prepare a professional portfolio. FBLA Competitive Events and Activities Areas: Electronic Career Portfolio ♦ Job Interview
157 Research a company in preparation for a job interview. FBLA Competitive Events and Activities Areas: Electronic Career Portfolio ♦ Job Interview
158 Participate in mock interviews to refine interviewing techniques. FBLA Competitive Events and Activities Areas: D. J. Howard/Walker/Shell/Campbell/VBEA Scholarship/S.L.T. Award of Excellence ♦ Future Business Leader ♦ Job Interview ♦ L. Marguerite Crumley/Frank Manning Peele Foundation's Sarah Lowe Thompson Scholarships
159 Prepare employment-related correspondence. FBLA Competitive Events and Activities Areas: Business Procedures ♦ Future Business Leader ♦ Job Interview