FCPS Program of Studies

Career and Technical Ed Curriculum

Economics and Personal Finance

Students learn how to navigate the financial decisions they must face and to make informed decisions related to career exploration, budgeting, banking, credit, insurance, spending, taxes, saving, investing, buying/leasing a vehicle, living independently, and inheritance. Development of financial literacy skills and an understanding of economic principles will provide the basis for responsible citizenship and career success. In addition to developing personal finance skills, students in the 36-week course will also study basic occupational skills and concepts in preparation for entry-level employment in the field of finance. The cooperative education (Business Cooperative Internship--679920) method is available for this course. Students combine classroom instruction and supervised on-the-job training in an approved position with continuing supervision throughout the school year.

Last Updated: 08/16/12 02:25 PM

CTE.EPF

Standard 1

DEVELOP WORKPLACE READINESS SKILLS: PERSONAL QUALITIES & PEOPLE SKILLS

Benchmark 1.001

Demonstrate Positive Work Ethic

	Indicator 1.001.001
	Maintain punctual and consistent attendance

	Indicator 1.001.002
	Take direction willingly

	Indicator 1.001.003
	Exhibit motivation to accomplish the task at hand

Benchmark 1.002

Demonstrate Integrity

	Indicator 1.002.001
	Identify and abide by laws and workplace policies

	Indicator 1.002.002
	Exhibit honesty and reliability

Benchmark 1.003

Demonstrate Teamwork Skills

	Indicator 1.003.001
	Contribute to the success of the team

	Indicator 1.003.002
	Assist others

	Indicator 1.003.003
	Request help when needed

Benchmark 1.004

Demonstrate Self-Representation Skills

	Indicator 1.004.001
	Dress appropriately

	Indicator 1.004.002
	Use language and manners suitable for the workplace

Benchmark 1.005

Demonstrate Diversity Awareness

	Indicator 1.005.001
	Work in a respectful & friendly manner with all customers & coworkers

Benchmark 1.006

Demonstrate Conflict-Resolution Skills

	Indicator 1.006.001
	Negotiate diplomatic solutions to interpersonal & workplace conflicts

Benchmark 1.007

Demonstrate Creativity and Resourcefulness

	Indicator 1.007.001
	Contribute new ideas

	Indicator 1.007.002
	Work with initiative

	Indicator 1.007.003
	Deal skillfully and promptly with new situations and obstacles

CTE.EPF

Standard 2

DEVELOP WORKPLACE READINESS SKILLS: PROFESSIONAL KNOWLEDGE AND SKILLS

Benchmark 2.008

Demonstrate Effective Speaking and Listening Skills

	Indicator 2.008.001
	Communicate effectively with customers and fellow coworkers

	Indicator 2.008.002
	Comprehend details and follow directions

	Indicator 2.008.003
	Repeat directions or requests to ensure understanding

Benchmark 2.009

Demonstrate Effective Reading and Writing Skills

	Indicator 2.009.001
	Read and correctly interpret workplace documents

	Indicator 2.009.002
	Write with clear and correct language, appropriate to audience

Benchmark 2.010

Demonstrate Critical-Thinking and Problem-Solving Skills

	Indicator 2.010.001
	Analyze and solve problems that arise in completing assigned tasks

Benchmark 2.011

Demonstrate Healthy Behaviors and Safety Skills

	Indicator 2.011.001
	Manage personal health

	Indicator 2.011.002
	Follow safety guidelines

Benchmark 2.012

Demonstrate an Understanding of Workplace Organizations, Systems, etc.

	Indicator 2.012.001
	Identify “big picture” issues

	Indicator 2.012.002
	Explain one’s role in fulfilling the mission of the workplace

Benchmark 2.013

Demonstrate Lifelong-Learning Skills

	Indicator 2.013.001
	Continually acquire new industry-related knowledge

	Indicator 2.013.002
	Improve professional skills to stay current in the field & to advance

	Indicator 2.013.003
	Seek education and experiences that enhance personal growth

Benchmark 2.014

Demonstrate Job Acquisition and Advancement Skills

	Indicator 2.014.001
	Prepare to apply for a job

	Indicator 2.014.002
	Seek promotion

Benchmark 2.015

Demonstrate Time, Task, and Resource-Management Skills

	Indicator 2.015.001
	Organize and implement a productive plan of work

	Indicator 2.015.002
	Manage resources

Benchmark 2.016

Demonstrate Job-Specific Mathematics Skills

	Indicator 2.016.001
	Use mathematical reasoning/processes to accomplish job-specific tasks

Benchmark 2.017

Demonstrate Customer-Service Skills

	Indicator 2.017.001
	Address the needs of all customers

	Indicator 2.017.002
	Provide helpful, courteous, and knowledgeable service

CTE.EPF

Standard 3

DEVELOP WORKPLACE READINESS SKILLS: TECHNOLOGY KNOWLEDGE AND SKILLS

Benchmark 3.018

Demonstrate Proficiency with Technologies Common to an Occupation

	Indicator 3.018.001
	Select & use technological resources to accomplish work efficiently

Benchmark 3.019

Demonstrate Information Technology Skills

	Indicator 3.019.001
	Work with hardware, file-management techniques, and software/programs

	Indicator 3.019.002
	Work with equipment and software appropriate to occupation

	Indicator 3.019.003
	Seek additional technology that might improve work processes/products

Benchmark 3.020

Demonstrate an Understanding of Internet Use and Security Issues

	Indicator 3.020.001
	Use the Internet efficiently and ethically for work

	Indicator 3.020.002
	Take measures to avoid Internet security risks

Benchmark 3.021

Demonstrate Telecommunications Skills

	Indicator 3.021.001
	Select and use telecommunications devices

	Indicator 3.021.002
	Select and use telecommunications services

	Indicator 3.021.003
	Select and use Web-based applications

CTE.EPF

Standard 4

UNDERSTAND ALL ASPECTS OF INDUSTRY

Benchmark 4.022

Examine Planning at Individual Business and Overall Industry Levels

	Indicator 4.022.001
	Develop strategic plans-mission, vision, goals, objectives, etc.

	Indicator 4.022.002
	Work with planning tools

	Indicator 4.022.003
	Anticipate needs for staffing and purchases of equipment and supplies

	Indicator 4.022.004
	Develop plans for training and upgrading of staff

	Indicator 4.022.005
	Forecast market trends

	Indicator 4.022.006
	Develop business plans for entrepreneurial ventures

Benchmark 4.023

Explain Management Methods

	Indicator 4.023.001
	Use an organization chart to explain how a chain of command works

	Indicator 4.023.002
	Provide input for strategic plans & communicating the company's vision

	Indicator 4.023.003
	Lead employees in carrying out strategic plans and action plans

	Indicator 4.023.004
	Evaluate employee performance

	Indicator 4.023.005
	Anticipate technology and other major purchasing needs

	Indicator 4.023.006
	Ensure equity and access for employees

	Indicator 4.023.007
	Resolve conflicts

	Indicator 4.023.008
	Develop job descriptions and written policies/procedures

	Indicator 4.023.009
	Identify recruitment procedures, training opportunities, etc.

	Indicator 4.023.010
	Work with professional associations and community outreach efforts

Benchmark 4.024

Examine Finance: Decisions, Raising Capital, Expansion, etc.

	Indicator 4.024.001
	Develop budgets

	Indicator 4.024.002
	Prepare financial statements

	Indicator 4.024.003
	Analyze and manage financial transactions and records

	Indicator 4.024.004
	Implement payroll procedures

	Indicator 4.024.005
	Determine and pay taxes

	Indicator 4.024.006
	Identify indirect wage costs

	Indicator 4.024.007
	Make loans and grant credit to customers

	Indicator 4.024.008
	Develop graphs and charts related to company finances

	Indicator 4.024.009
	Identify & implement methods of sustaining profitability of a business

	Indicator 4.024.010
	Manage 401K plans

	Indicator 4.024.011
	Identify sources of capital

Benchmark 4.025

Describe Technical and Production Skills for Production Techniques

	Indicator 4.025.001
	Use troubleshooting and problem-solving techniques

	Indicator 4.025.002
	Analyze information to make decisions

	Indicator 4.025.003
	Identify and implement quality assurance techniques

	Indicator 4.025.004
	Employ communication skills (writing, listening, speaking, etc.)

	Indicator 4.025.005
	Participate in team efforts

	Indicator 4.025.006
	Implement projects and new techniques

	Indicator 4.025.007
	Demonstrate basic computer skills

	Indicator 4.025.008
	Employ time management techniques in completing tasks

	Indicator 4.025.009
	Demonstrate ethical behavior and work ethic

Benchmark 4.026

Examine Underlying Principles of Technology

	Indicator 4.026.001
	Identify principles of technology an employee should know

Benchmark 4.027

Examine Labor Issues: Worker Rights, Labor Unions, etc.

	Indicator 4.027.001
	Identify a variety of labor issues

Benchmark 4.028

Describe Community Issues

	Indicator 4.028.001
	Explain the impacts of community issues on business

	Indicator 4.028.002
	Identify methods used by business to become involved in the community

Benchmark 4.029

Examine Concepts of Health, Safety & Environmental Issues

	Indicator 4.029.001
	Describe concepts related to health issues

	Indicator 4.029.002
	Describe concepts related to safety issues

	Indicator 4.029.003
	Describe concepts related to environmental issues

CTE.EPF

Standard 5

ADDRESS ELEMENTS OF STUDENT LIFE

Benchmark 5.030

Identify the Purposes and Goals of the Student Organization

	Indicator 5.030.001
	Identify the purposes of the student organization

	Indicator 5.030.002
	Identify the goals of the student organization

Benchmark 5.031

Explain the Benefits and Responsibilities of Organization Membership

	Indicator 5.031.001
	Explain membership benefits of student and civic organizations

	Indicator 5.031.002
	Explain membership responsibilities of student and civic organizations

Benchmark 5.032

Demonstrate Leadership Skills Through Participation in Activities

	Indicator 5.032.001
	Participate in activities: meetings, community-service, competitions

Benchmark 5.033

Identify Internet Safety Issues & Comply with Acceptable Use Standards

	Indicator 5.033.001
	Identify Internet safety issues

	Indicator 5.033.002
	Identify procedures for complying with acceptable use standards

CTE.EPF

Standard 6

DEVELOP ECONOMIC SKILLS AND KNOWLEDGE

Benchmark 6.034

Demonstrate Knowledge of Basic Economic Concepts and Structures

	Indicator 6.034.001
	Describe how consumers, businesses, etc. face scarcity of resources

	Indicator 6.034.002
	Explain that choices often have long-term unintended consequences

	Indicator 6.034.003
	Describe how decision-making requires comparing costs & benefits

	Indicator 6.034.004
	Identify factors of production

	Indicator 6.034.005
	Compare characteristics of market, command, tradition, mixed economies

	Indicator 6.034.006
	Identify Adam Smith; describe the characteristics of a market economy

Benchmark 6.035

Demonstrate Knowledge of the Role of Producers and Consumers

	Indicator 6.035.001
	Describe how consumers, producers, workers, etc. respond to incentives

	Indicator 6.035.002
	Explain how businesses respond to consumer sovereignty

	Indicator 6.035.003
	Identify the role of entrepreneurs

	Indicator 6.035.004
	Compare the costs/benefits of different forms of business organization

	Indicator 6.035.005
	Describe how costs and revenues affect profit and supply

	Indicator 6.035.006
	Describe how increased productivity affects costs of production, etc.

	Indicator 6.035.007
	Examine how investment in human capital, etc. can improve productivity

	Indicator 6.035.008
	Describe the effects of competition on producers, sellers & consumers

	Indicator 6.035.009
	Explain the effects of monopolies or collusion among sellers

	Indicator 6.035.010
	Illustrate the circular flow of economic activity

Benchmark 6.036

Demonstrate Knowledge of the Price System

	Indicator 6.036.001
	Examine the laws of supply and demand and the determinants of each

	Indicator 6.036.002
	Explain how the interaction of supply and demand determines price

	Indicator 6.036.003
	Describe the elasticity of supply and demand

	Indicator 6.036.004
	Examine the purposes and implications of price ceilings price floors

	Indicator 6.036.005
	Analyze how wages and prices are determined in different markets

Benchmark 6.037

Demonstrate Knowledge that Many Factors Affect Income

	Indicator 6.037.001
	Examine the market value of a worker’s skills and knowledge

	Indicator 6.037.002
	Identify the impact of human capital on production costs

	Indicator 6.037.003
	Explain relationship between person’s human capital & income potential

	Indicator 6.037.004
	Describe how changes in supply/demand for goods/services affect income

Benchmark 6.038

Demonstrate Knowledge of a Nation’s Economic Goals

	Indicator 6.038.001
	Describe economic indicators, such as GDP, CPI, and unemployment rate

	Indicator 6.038.002
	Describe causes and effects of unemployment, inflation, reduced growth

	Indicator 6.038.003
	Describe the fluctuations of the business cycle

	Indicator 6.038.004
	Describe strategies for achieving national economic goals

Benchmark 6.039

Demonstrate Knowledge of the Nation’s Financial System

	Indicator 6.039.001
	Define the role of money

	Indicator 6.039.002
	Explain the role of financial markets and financial institutions

Benchmark 6.040

Demonstrate Knowledge of the Influence of Monetary and Fiscal Policy

	Indicator 6.040.001
	Describe purpose, structure & function of the Federal Reserve System

	Indicator 6.040.002
	Describe government’s role in stabilizing the economy

	Indicator 6.040.003
	Describe sources of government revenue

	Indicator 6.040.004
	Explain balanced budget, deficit, and national debt

Benchmark 6.041

Demonstrate Knowledge of the Role of Government in a Market Economy

	Indicator 6.041.001
	Identify goods & services provided by government to benefit society

	Indicator 6.041.002
	Identify govt's role in protecting property rights/enforcing contracts

	Indicator 6.041.003
	Provide examples of government regulation of the market

	Indicator 6.041.004
	Explain that governments redistribute wealth

	Indicator 6.041.005
	Explain that taxes & fees fund all government-provided goods/services

Benchmark 6.042

Demonstrate Knowledge of the Global Economy

	Indicator 6.042.001
	Explain that when parties trade voluntarily, all benefit

	Indicator 6.042.002
	Distinguish between absolute and comparative advantage

	Indicator 6.042.003
	Distinguish between trade deficit and trade surplus

	Indicator 6.042.004
	Explain exchange rates & the impact of a strong dollar and weak dollar

	Indicator 6.042.005
	Describe the costs and benefits of trade barriers

	Indicator 6.042.006
	Describe the effects of international trade agreements and the WTO

	Indicator 6.042.007
	Explain growing economic interdependence

CTE.EPF

Standard 7

DEVELOP CONSUMER SKILLS

Benchmark 7.043

Examine Basic Economic Concepts

	Indicator 7.043.001
	Analyze the impact of scarcity on product prices/consumer spending

	Indicator 7.043.002
	Analyze the impact of choice on product prices/consumer spending

	Indicator 7.043.003
	Analyze the impact of opportunity cost on prices/consumer spending

	Indicator 7.043.004
	Analyze the impact of trade-offs on product prices/consumer spending

	Indicator 7.043.005
	Analyze the impact of costs on product prices/consumer spending

	Indicator 7.043.006
	Analyze the impact of benefits on product prices/consumer spending

	Indicator 7.043.007
	Analyze the impact of supply and demand on prices/consumer spending

	Indicator 7.043.008
	Analyze the impact of competition on product prices/consumer spending

	Indicator 7.043.009
	Analyze the impact of specialization on prices/consumer spending

	Indicator 7.043.010
	Analyze the impact of interdependence on prices/consumer spending

Benchmark 7.044

Examine the Effect of Supply and Demand on Wages and Prices

	Indicator 7.044.001
	Analyze the role of supply and demand on wage and price determination

Benchmark 7.045

Describe the Steps for Making a Purchase Decision

	Indicator 7.045.001
	Describe the steps for making a purchase decision

	Indicator 7.045.002
	Use mathematical skills in making purchase decisions

	Indicator 7.045.003
	Use a decision-making model to make a purchase decision

Benchmark 7.046

Describe Common Types of Contracts and the Implications of Each

	Indicator 7.046.001
	Identify common types of contracts

	Indicator 7.046.002
	Identify online contract types

	Indicator 7.046.003
	Understand the three-day rescission period

	Indicator 7.046.004
	Explain the circumstances requiring co-signatures for loans

	Indicator 7.046.005
	Understand the legal ramifications of adults sharing responsibilities

Benchmark 7.047

Demonstrate Comparison-Shopping Skills

	Indicator 7.047.001
	Obtain the best quality for the best price

Benchmark 7.048

Maintain a Filing System for Personal Financial Records

	Indicator 7.048.001
	Set up manual and electronic filing systems using different criteria

	Indicator 7.048.002
	Index, code, and file manual and electronic financial records

	Indicator 7.048.003
	Retrieve information from files

Benchmark 7.049

Examine Impact of Advertising & Marketing in the Global Marketplace

	Indicator 7.049.001
	Compare commonly used global advertising & marketing strategies

	Indicator 7.049.002
	Analyze the impacts of marketing strategies on consumer decisions

Benchmark 7.050

Access Reliable Financial Information from a Variety of Sources

	Indicator 7.050.001
	Gather financial data from print, electronic, and verbal sources

Benchmark 7.051

Explain Consumer Rights, Responsibilities, Remedies, and Vigilance

	Indicator 7.051.001
	Explain the basic rights of a consumer

	Indicator 7.051.002
	Identify the responsibilities of a consumer

	Indicator 7.051.003
	Identify possible remedies for a consumer

Benchmark 7.052

Examine Precautions for Protecting Identity and Other Information

	Indicator 7.052.001
	Investigate common types of identity theft and ways to avoid it

Benchmark 7.053

Interact Effectively with Salespersons and Merchants

	Indicator 7.053.001
	Evaluate sales incentives

	Indicator 7.053.002
	Compare the costs and benefits of purchasing, leasing & renting

	Indicator 7.053.003
	Apply comparison shopping techniques

	Indicator 7.053.004
	Negotiate prices and terms

	Indicator 7.053.005
	Describe the steps involved in settling a billing dispute

Benchmark 7.054

Differentiate Between Consumer Protection Regulations & Agencies

	Indicator 7.054.001
	Describe the purposes of consumer protection laws

	Indicator 7.054.002
	Provide examples of consumer protection laws

	Indicator 7.054.003
	Identify the gov't agencies responsible for enforcing protection laws

	Indicator 7.054.004
	Identify private groups that work for consumer protection

CTE.EPF

Standard 8

DEMONSTRATE KNOWLEDGE OF PLANNING FOR LIVING AND LEISURE EXPENSES

Benchmark 8.055

Compare the Costs and Benefits of Purchasing vs. Leasing a Vehicle

	Indicator 8.055.001
	Identify the basic steps for buying or leasing a new or used car

	Indicator 8.055.002
	Analyze the costs and benefits of buying or leasing a new or used car

	Indicator 8.055.003
	Use subjective & objective resources to research the top three choices

Benchmark 8.056

Compare Advantages and Disadvantages: Renting vs. Purchasing a Home

	Indicator 8.056.001
	Identify the advantages and disadvantages of renting a home

	Indicator 8.056.002
	Identify the advantages and disadvantages of purchasing a home

	Indicator 8.056.003
	Compare the advantages and disadvantages of renting vs. purchasing

Benchmark 8.057

Analyze the Process of Renting Housing

	Indicator 8.057.001
	Examine available residential rental properties

	Indicator 8.057.002
	Analyze the process of renting housing

Benchmark 8.058

Describe the Process of Purchasing a Home

	Indicator 8.058.001
	Identify key steps in the home purchase process

Benchmark 8.059

Calculate the Cost of Utilities, Services, Maintenance, etc.

	Indicator 8.059.001
	Calculate the cost of utility and related charges

	Indicator 8.059.002
	Calculate the cost of furniture and appliances

	Indicator 8.059.003
	Calculate the cost of other expenses

Benchmark 8.060

Evaluate Discretionary Spending Decisions

	Indicator 8.060.001
	Evaluate discretionary spending decisions: utilities & related charges

	Indicator 8.060.002
	Evaluate discretionary spending decisions: furniture & appliances

	Indicator 8.060.003
	Evaluate discretionary spending decisions: other expenses

CTE.EPF

Standard 9

DEMONSTRATE KNOWLEDGE OF BANKING TRANSACTIONS

Benchmark 9.061

Describe the Types of Financial Institutions

	Indicator 9.061.001
	Describe the types of financial institutions

Benchmark 9.062

Examine How Financial Institutions Affect Personal Financial Planning

	Indicator 9.062.001
	Analyze the impact of the Federal Reserve System on financial planning

	Indicator 9.062.002
	Analyze the impact of banks on personal financial planning

	Indicator 9.062.003
	Analyze the impact of credit unions/brokerage services

	Indicator 9.062.004
	Analyze the impact of financial institutions on financial planning

	Indicator 9.062.005
	Explain the concept of the circular flow of money

	Indicator 9.062.006
	Understand the relationships between discount rate, open market, etc.

Benchmark 9.063

Evaluate Services and Related Costs Associated with Personal Banking

	Indicator 9.063.001
	Use a decision-making model to compare services

Benchmark 9.064

Differentiate Among Types & Regulations of Monetary Transactions

	Indicator 9.064.001
	Differentiate among the types & regulations of monetary transactions

Benchmark 9.065

Prepare Necessary Forms to Open/Maintain a Checking & Savings Account

	Indicator 9.065.001
	Complete signature cards and an application for opening accounts

	Indicator 9.065.002
	Present approved identification documents

	Indicator 9.065.003
	Write and maintain checks, stubs, check register; endorse checks

	Indicator 9.065.004
	Complete deposit and withdrawal documents

Benchmark 9.066

Reconcile Bank Statements

	Indicator 9.066.001
	Match checkbook registers with bank statement & online account data

	Indicator 9.066.002
	Follow proper procedures to locate and correct any differences

Benchmark 9.067

Compare Costs and Benefits of Online and Traditional Banking

	Indicator 9.067.001
	Compare the costs and benefits of online and traditional banking

Benchmark 9.068

Explain How Historical Events Have Influenced Financial Institutions

	Indicator 9.068.001
	Explain how certain historical events have influenced banking system

Benchmark 9.069

Compare the US Monetary System with the International Monetary System

	Indicator 9.069.001
	Compare the US monetary system with the international monetary system

CTE.EPF

Standard 10

DEMONSTRATE KNOWLEDGE OF CREDIT AND LOAN FUNCTIONS

Benchmark 10.070

Evaluate the Various Methods of Financing a Purchase

	Indicator 10.070.001
	Identify the various methods of financing a purchase

	Indicator 10.070.002
	Use a decision-making model to evaluate financing a purchase

	Indicator 10.070.003
	Define terms used to describe credit

	Indicator 10.070.004
	Examine the opportunity cost of credit

	Indicator 10.070.005
	Weigh the risks involved in no-payment/no-interest financing

	Indicator 10.070.006
	Explain the kinds of credit

	Indicator 10.070.007
	Describe the sources of credit

	Indicator 10.070.008
	Determine the best type and source of credit for simulated purchases

Benchmark 10.071

Analyze Credit Card Features and Their Impact on Financial Planning

	Indicator 10.071.001
	Analyze credit card features and their impact on financial planning

	Indicator 10.071.002
	Calculate costs: APR, annual fees, compound interest, penalty charges

Benchmark 10.072

Identify Qualifications Needed to Obtain Credit

	Indicator 10.072.001
	Define creditworthiness

	Indicator 10.072.002
	Identify the qualifications necessary for obtaining credit

Benchmark 10.073

Identify Basic Provisions of Credit and Loan Laws

	Indicator 10.073.001
	Describe basic laws to protect consumers from unfair credit practices

	Indicator 10.073.002
	Describe standards that specify how consumers are to be treated

Benchmark 10.074

Compare Terms and Conditions of Various Sources of Consumer Credit

	Indicator 10.074.001
	Define terms used in consumer credit

	Indicator 10.074.002
	Identify credit sources

	Indicator 10.074.003
	List the advantages and disadvantages of various credit sources

Benchmark 10.075

Identify Strategies for Effective Debt Management

	Indicator 10.075.001
	Identify strategies for effective debt management

	Indicator 10.075.002
	Identify sources of assistance for debt management

Benchmark 10.076

Explain the Need for a Good Credit Rating

	Indicator 10.076.001
	Describe the way credit is rated and the contents of a credit report

	Indicator 10.076.002
	Identify the information included in a person's credit record/history

	Indicator 10.076.003
	Review credit rating scores and describe their implications

	Indicator 10.076.004
	Describe ways to maintain a sound credit rating

	Indicator 10.076.005
	Explain how a credit rating affects credit & employment eligibility

	Indicator 10.076.006
	Explain how to access one's personal credit record & reasons to check

	Indicator 10.076.007
	Describe the steps to correct errors in one's credit report

Benchmark 10.077

Compare the Costs and Conditions of Secured and Unsecured Loans

	Indicator 10.077.001
	Compare the conditions and costs of various types of loans

Benchmark 10.078

Compare the Types of Bankruptcy and the Implications of Each

	Indicator 10.078.001
	Research the major causes of personal bankruptcy

	Indicator 10.078.002
	Evaluate voluntary & involuntary bankruptcy; their effects on future

	Indicator 10.078.003
	Explain the advantages and disadvantages of bankruptcy

	Indicator 10.078.004
	Assess the need for legal advice in bankruptcy cases

	Indicator 10.078.005
	Identify bankruptcy laws and their implications for personal finance

Benchmark 10.079

Calculate Payment Schedules for a Loan

	Indicator 10.079.001
	Use the simple interest formula to calculate payment schedules

	Indicator 10.079.002
	Explain the variables that affect the amount of interest charged

Benchmark 10.080

Complete a Sample Credit Application

	Indicator 10.080.001
	Explain the types of data required and the reasons they are required

	Indicator 10.080.002
	Supply requested information regarding income, employment, etc.

	Indicator 10.080.003
	Present data legibly and accurately

	Indicator 10.080.004
	Explain issues surrounding an application for credit

CTE.EPF

Standard 11

DEMONSTRATE KNOWLEDGE OF THE ROLE OF INSURANCE IN RISK MANAGEMENT

Benchmark 11.081

Evaluate Insurance as a Risk Management Strategy

	Indicator 11.081.001
	Define the term risk management

	Indicator 11.081.002
	Explain the ways insurance can reduce financial risk

	Indicator 11.081.003
	Analyze the pros & cons of insurance as a risk management strategy

Benchmark 11.082

Distinguish Among the Types, Costs, and Benefits of Insurance Coverage

	Indicator 11.082.001
	Distinguish among the types of automobile insurance

	Indicator 11.082.002
	Distinguish among the major types of life insurance coverage

	Indicator 11.082.003
	Distinguish among the types of property insurance coverage

	Indicator 11.082.004
	Distinguish among the types of health insurance coverage

	Indicator 11.082.005
	Distinguishing among the types of professional liability insurance

Benchmark 11.083

Explain the Roles of Insurance in Financial Planning

	Indicator 11.083.001
	Identify the roles of insurance in financial planning

CTE.EPF

Standard 12

DEMONSTRATE KNOWLEDGE OF INCOME EARNING AND REPORTING

Benchmark 12.084

Examine How Personal Choices Impact Earnings

	Indicator 12.084.001
	Analyze research about how education, etc. affect personal earnings

Benchmark 12.085

Differentiate Among Sources of Income

	Indicator 12.085.001
	Differentiate among sources of income

	Indicator 12.085.002
	Differentiate earned vs. unearned income

Benchmark 12.086

Calculate Net Pay

	Indicator 12.086.001
	Calculate net pay

Benchmark 12.087

Investigate Employee Benefits and Incentives

	Indicator 12.087.001
	Investigate employee benefits and incentives

Benchmark 12.088

Complete a Standard W-4 Form

	Indicator 12.088.001
	Complete an actual W-4 form to determine options

	Indicator 12.088.002
	Record data legibly & accurately, according to the form's instructions

	Indicator 12.088.003
	Explain the purpose of a W-4 form and its impact on tax deductions

CTE.EPF

Standard 13

DEMONSTRATE KNOWLEDGE OF TAXES

Benchmark 13.089

Describe the Types and Purposes of Local, State, and Federal Taxes

	Indicator 13.089.001
	Describe local taxes: types, how levied, way the resources are used

	Indicator 13.089.002
	Describe state taxes: types, how levied, way the resources are used

	Indicator 13.089.003
	Describe federal taxes: types, how levied, way the resources are used

Benchmark 13.090

Explore How Tax Structures Affect Various Groups Differently

	Indicator 13.090.001
	Identify the different types of tax structures

	Indicator 13.090.002
	Compare how tax structures affect consumers/producers/business owners

Benchmark 13.091

Compute Local Taxes on Products and Services

	Indicator 13.091.001
	Calculate sales tax on products such as groceries, clothing, etc.

Benchmark 13.092

Examine Potential Tax Deductions and Credits on a Tax Return

	Indicator 13.092.001
	Explain the difference between a tax deduction and a tax credit

	Indicator 13.092.002
	Identify potential tax deductions and credits on a tax return

Benchmark 13.093

Explain the Content and Purpose of a Standard W-2 Form

	Indicator 13.093.001
	Review and explain each part of the Wage and Tax Statement (W-2)

	Indicator 13.093.002
	Identify the items transferred to income tax forms from the W-2

Benchmark 13.094

Explain Similarities & Differences: State vs Federal Inheritance Taxes

	Indicator 13.094.001
	Distinguish between an inheritance tax and an estate tax

	Indicator 13.094.002
	Compare and contrast taxes to consider when planning an estate

Benchmark 13.095

Define the Terminology Associated With Inheritance

	Indicator 13.095.001
	Define the terminology associated with inheritance

Benchmark 13.096

Compare Investment Options for a Monetary Inheritance

	Indicator 13.096.001
	Compare investment options for a monetary inheritance

Benchmark 13.097

Examine Types and Purposes of Estate Planning

	Indicator 13.097.001
	Identify the types of estate planning

	Indicator 13.097.002
	Describe the purposes of estate planning

	Indicator 13.097.003
	Explain the ramifications of failing to keep a will current, etc.

Benchmark 13.098

Complete a State Income Tax Form, Including Electronic Formats

	Indicator 13.098.001
	Complete an electronic state income tax form

	Indicator 13.098.002
	Complete a printed state income tax form

	Indicator 13.098.003
	Research information & services regarding state tax preparation

Benchmark 13.099

Complete Short and Itemized Federal Income Tax Forms

	Indicator 13.099.001
	Enter data and calculate taxes on the short federal income tax form

	Indicator 13.099.002
	Enter data and calculate taxes on the itemized federal income tax form

	Indicator 13.099.003
	Research information & services regarding federal tax preparation

CTE.EPF

Standard 14

DEMONSTRATE KNOWLEDGE OF PERSONAL FINANCIAL PLANNING

Benchmark 14.100

Identify Short-Term and Long-Term Personal Financial Goals

	Indicator 14.100.001
	Define and recognize examples of short-term financial goals

	Indicator 14.100.002
	Define and recognize examples of long-term financial goals

	Indicator 14.100.003
	Prepare a statement of short/long-term goals & ways to accomplish them

Benchmark 14.101

Identify Anticipated and Unanticipated Income and Expenses

	Indicator 14.101.001
	Identify sources of anticipated income and expenses

	Indicator 14.101.002
	Identify sources of unanticipated income and expenses

	Indicator 14.101.003
	Prepare a statement of personal current and anticipated expenses

Benchmark 14.102

Examine Components and Purposes of a Personal Net Worth Statement

	Indicator 14.102.001
	Define a net worth statement and its components

	Indicator 14.102.002
	Discuss the purposes of a net worth statement

	Indicator 14.102.003
	Identify assets

	Indicator 14.102.004
	Identify liabilities

	Indicator 14.102.005
	Define personal inventory

	Indicator 14.102.006
	Discuss the purpose of a personal inventory

	Indicator 14.102.007
	Identify the components of a personal inventory

	Indicator 14.102.008
	Identify the need for safe storage of the inventory records

Benchmark 14.103

Develop a Personal Budget

	Indicator 14.103.001
	Prepare a statement of personal short- and long-term goals

	Indicator 14.103.002
	Develop a plan for managing one’s money over a short-term period

	Indicator 14.103.003
	Develop a long-term plan for managing money

Benchmark 14.104

Investigate the Effects of Govt Actions on Personal Financial Planning

	Indicator 14.104.001
	Describe the major roles of government

	Indicator 14.104.002
	Analyze the impact of the govt's roles on business expansion, etc.

	Indicator 14.104.004
	Evaluate the effects of supply and demand and other economic concepts

Benchmark 14.105

Explain How Economics Influences a Personal Financial Plan

	Indicator 14.105.001
	Explain the impact of leading economic indicators on a financial plan

CTE.EPF

Standard 15

DEMONSTRATE KNOWLEDGE OF INVESTMENT AND SAVINGS PLANNING

Benchmark 15.106

Compare the Impact of Simple Interest vs. Compound Interest on Savings

	Indicator 15.106.001
	Calculate simple interest and compound interest for a given amount

	Indicator 15.106.002
	Explain the role of compound interest in building wealth

Benchmark 15.107

Compare and Contrast Investment and Savings Options

	Indicator 15.107.001
	Explain the concept of present value/future value

	Indicator 15.107.002
	Identify the characteristics and risks vs. return of savings options

	Indicator 15.107.003
	Identify the characteristics & risks vs. returns of investment options

	Indicator 15.107.004
	Compare and contrast investment and savings options

Benchmark 15.108

Explain Costs and Income Sources for Investments

	Indicator 15.108.001
	Identify costs for investments

	Indicator 15.108.002
	Identify incomes sources for investments

Benchmark 15.109

Examine the Fundamental Workings of the Social Security System

	Indicator 15.109.001
	Explain the purpose of Social Security, types of benefits, etc.

	Indicator 15.109.002
	Examine Social Security’s impact on retirement planning

Benchmark 15.110

Contrast Alternative Retirement Plans

	Indicator 15.110.001
	Explain the advantages and disadvantages of retirement plan options

Benchmark 15.111

Explore How the Stock Market Works

	Indicator 15.111.001
	Plan, invest, and evaluate investment choices using a simulation

	Indicator 15.111.002
	Understand how and why stocks and bonds are issued

	Indicator 15.111.003
	Explain why investors buy stocks

	Indicator 15.111.004
	Evaluate how social, physical & economic factors impact stock prices

CTE.EPF

Standard 16

PLAN FINANCIAL ASPECTS OF A BUSINESS ENTERPRISE

Benchmark 16.112

Identify Sources of Financial Capital

	Indicator 16.112.001
	Identify sources of financial capital

	Indicator 16.112.002
	Identify sources of increasing financial capital

Benchmark 16.113

Analyze the Financial Position of a Business

	Indicator 16.113.001
	Estimate the expenses of a given business

	Indicator 16.113.002
	Identify the break-even point of a given business

	Indicator 16.113.003
	Set the profit projections of a given business

	Indicator 16.113.004
	Describe how financial statements reflect financial position

	Indicator 16.113.005
	Explain the concepts of cash flow and profit/loss

Benchmark 16.114

Investigate Govt Regulations Affecting Financial Aspects of a Business

	Indicator 16.114.001
	Investigate the major govt agencies that regulate business finances

	Indicator 16.114.002
	Explain the importance of retention of records

Benchmark 16.115

Analyze the Impact of the Global Economy on American Business

	Indicator 16.115.001
	Analyze the impact of import/export issues on American business

	Indicator 16.115.002
	Analyze the impact of the balance of trade on American business

	Indicator 16.115.003
	Analyze the impact of exchange rates on American business

	Indicator 16.115.004
	Analyze the impact of tariffs, quotas & embargoes on American business

	Indicator 16.115.005
	Analyze the impact of free trade agreements on American business

	Indicator 16.115.006
	Analyze the impact of economic unions & trading blocks on US business

CTE.EPF

Standard 17

MANAGE FINANCIAL ACTIVITIES FOR A BUSINESS ENTERPRISE

Benchmark 17.116

Complete Daily Business Forms

	Indicator 17.116.001
	Complete daily business forms

Benchmark 17.117

Record Cash Receipts

	Indicator 17.117.001
	Prepare a receipt when cash is received from a customer

	Indicator 17.117.002
	Record cash receipts using either manual or electronic methods

Benchmark 17.118

Record Receipts and Payments in Journals and Ledgers

	Indicator 17.118.001
	Identify cash receipts

	Indicator 17.118.002
	Identify disbursements

	Indicator 17.118.003
	Calculate net cash flow

	Indicator 17.118.004
	Prepare a cash flow statement

	Indicator 17.118.005
	Record receipts and payments in journals and post to ledgers

Benchmark 17.119

Prepare a Proof of Cash

	Indicator 17.119.001
	Determine that the amount of cash on hand agrees with the records

Benchmark 17.120

Maintain a Petty Cash System

	Indicator 17.120.001
	Maintain a petty cash system

Benchmark 17.121

Prepare Payroll Journals

	Indicator 17.121.001
	Prepare payroll journals

Benchmark 17.122

Analyze Spreadsheet Data

	Indicator 17.122.001
	Create, interpret, and present spreadsheet data

CTE.EPF

Standard 18

EXPLORE MANAGEMENT FUNCTIONS

Benchmark 18.123

Analyze the Effects of Ethics on Business and Financial Management

	Indicator 18.123.001
	Compare and contrast ethical and unethical behavior

	Indicator 18.123.002
	Outline the effects of ethical decision-making on the business’s image

	Indicator 18.123.003
	Analyze the effects of ethical choices related to a variety of issues

Benchmark 18.124

Explain the Need for Confidentiality in the Workplace

	Indicator 18.124.001
	Explain the need for confidentiality in the workplace

Benchmark 18.125

Identify Short and Long-Term Options for Financial Planning

	Indicator 18.125.001
	Identify short-term options for financial planning & working capital

	Indicator 18.125.002
	Identify long-term options for financial planning & working capital

Benchmark 18.126

Prepare a Business Plan

	Indicator 18.126.001
	Prepare a business plan

Benchmark 18.127

Describe the Effects of Group Dynamics on Decision Making & Consensus

	Indicator 18.127.001
	Describe the effects of group dynamics on decision making & consensus

CTE.EPF

Standard 19

DEVELOP CAREER EXPLORATION AND EMPLOYABILITY SKILLS

Benchmark 19.128

Explain Why Investing in Human Capital Benefits the Employer

	Indicator 19.128.001
	Assess opportunity costs/economic risks from human capital investment

Benchmark 19.129

Identify Characteristics of a Successful Entrepreneur

	Indicator 19.129.001
	List the characteristics of a successful entrepreneur

Benchmark 19.130

Explain How the Economy Benefits From Entrepreneurship

	Indicator 19.130.001
	Explain ways that an entrepreneur benefits the economy

Benchmark 19.131

Investigate Career Opportunities

	Indicator 19.131.001
	Research a variety of career options

Benchmark 19.132

Identify Interests, Aptitudes & Attitudes Related to Workplace Success

	Indicator 19.132.001
	Use a personality model to conduct a self-inventory of interests, etc.

	Indicator 19.132.002
	Match personality traits to those sought by employers

Benchmark 19.133

Prepare a Professional Portfolio

	Indicator 19.133.001
	Prepare a professional portfolio

Benchmark 19.134

Research a Company in Preparation for a Job Interview

	Indicator 19.134.001
	Locate Web resources on a company and gather information to prepare

Benchmark 19.135

Participate in Mock Interviews to Refine Interviewing Techniques

	Indicator 19.135.001
	Participate in mock interviews to refine interviewing techniques

Benchmark 19.136

Prepare Employment-Related Correspondence

	Indicator 19.136.001
	Prepare employment-related correspondence

Essential - Standard, benchmark, or indicator from the VDOE Standards of Learning document. In the absence of VDOE standards for a given course, content subject to testing such as AP and IB can be labeled Essential.
Expected - Standard, benchmark, or indicator added by the FCPS Program of Studies to provide a context, a bridge, or an enhancement to the Essential SBIs.
Extended - Standard, benchmark, or indicator added by the FCPS Program of Studies generally used to differentiate instruction for advanced learners (Honors/GT)