CTSO's
Which CTSO helps members prepare for careers in agriculture?
What is FFA, Future Farmers of America
What is teamwork?
Working with others to reach a common goal!
What is a corporation?
A business, usually a group of people, who have legal rights of a person, but are independent of its owners.
What is a business plan?
A professional, written document that describes all the steps necessary for opening and operating a successful business.
What is PTO?
Paid time off, vacation
What is the purpose of CTSO's?
What is CTSOs help guide students in developing a career path, a program of study and provide opportunities in gaining the skills and abilities needed to be successful in those careers through CTSO activities, programs, and competitive events.
What does Integrity mean and why is it important to employers?
Doing the right thing when no one is watching. Integrity is important to employers so that they will trust you!
What is a board of directors?
A group of people who meet several times a year to make important decisions affecting a corporation.
What are business ethics?
Business ethics is the application of the principles of right and wrong to issues that arise in the workplace. Code of Ethics is a set of standards or rules that outlines the ethical behavior demanded by an individual, a business, or a culture.
What is the difference between wages and salary?
Wages is pay in an hourly form, employees are paid a certain amount for each hour they work. Salary is an annual amount of money an employee is paid regardless of hours worked.
What is the FBLA?
What is Future Business Leaders of America/ emphasizes business and leadership skills, prepares for careers and businesses.
What are the 6 steps of the problem solving process?
Define, gather, identify, evaluate, take action & evaluate action
What is a sole proprietorship?
A business that is owned exclusively by one person.
What are at least 3 parts of a business plan?
Introduction Section, Marketing Section, Financial Management Section, Operations Section and Conclusion/Appendix
Also ok, Cover Letter, Resume, Statement of Purpose etc
What is an organizational structure?
Its the outline of the chain of command of a business.
What do TSA and HOSA stand for?
What is:
Technology Student Association
Health Occupation Students of America
What do the S-M-A-R-T stand for in SMART goals?
Specific
Measurable
Attainable
Realistic
Timely
What is entrepreneurship?
The act of starting your own business!
What is a statement of purpose, GIVE DETAILS!!!??
It is a statement that tells how much money your business is looking for in a loan and what that money will be used for.
What are 3 tips for a person who is going to an interview?
Be on time, dress professionally, answer questions honestly, do not brag, be polite, don't be all bout the money.
Which CTSO is focused on marketing, finance, hospitality and entrepreneurship, preparing emerging teachers and entrepreneurs?
What is DECA (Distributive Education Clubs of America)
State a SMART goal in great detail!!!
Answers will vary!
List two advantages and two disadvantages to owning a sole proprietorship.
You make all the decisions, You keep all the profits, Very little government regulation / more freedom
Name 3 associations or professional resources for researching your business plan.
SBA, SBCDs, SCORE, Chamber of Commerce, Trade Associations, Professional Consultants and Financial Institutions.
Why is a compensation package important to an EMPLOYEE AND AN EMPLOYER?
Compensation packages are important to an employee because their pay and benefits are how they will live, survive and impacts their quality of life. CP are important to employers because it is how they attract people to apply and work for their company.