Standards Database Logo
Home | Browse | Search | Purpose | History | Process | Acknowledgment| Reference

 


 


Topic: Government regulation of businesses 

Business Education

 Standard 18.  Understands how ethics, government, and different forms of business ownership affect the entrepreneurial venture
  Level IV (Grade 9-12)
   Benchmark 1.Knows that even though entrepreneurs may feel overwhelmed by the number and scope of government regulations, those regulations promote competition and protect various groups or society as a whole (e.g., government sets standards for pure food and drugs)
    Knowledge/skill statements
     1.Knows entrepreneurs may feel overwhelmed by the number of government regulations
     2.Knows entrepreneurs may feel overwhelmed by the scope of government regulations
     3.Knows that government regulations promote competition amongst entrepreneurs
     4.Knows that government regulations protect various groups or society as a whole
     5.Knows that the government sets standards for pure food and drugs
   Benchmark 2.Knows that government regulations can affect the daily operations and basic decisions involved in the running of a business (e.g., what prices can be charged, what percentage of profit can be kept)
    Knowledge/skill statements
     1.Knows government regulations can affect the daily operations involved in running a business
     2.Knows government regulations can affect the basic decisions involved in running a business
     3.Knows what prices can be charged based on government regulations
     4.Knows what percentage of profit can be kept based on government regulations
   Benchmark 4.Knows key regulatory agencies pertaining to the operation of small businesses (e.g., Federal Trade Commission, Equal Employment Opportunity Commission, Occupational Safety and Health Administration, Environmental Protection Agency)
    Knowledge/skill statements
     1.Knows key regulatory agencies pertaining to the operation of small businesses
     2.Knows Federal Trade Commission
     3.Knows Equal Employment Opportunity Commission
     4.Know Occupational Safety and Health Administration
     5.Knows Environmental Protection Agency
 Standard 33.  Understands the obligations of businesses to the government and the community
  Level IV (Grade 9-12)
   Benchmark 1.Knows arguments for having more or less government regulation of business
    Knowledge/skill statements
     1.Knows arguments for having more government regulation of businesses
     2.Knows arguments for having less government regulation of businesses
   Benchmark 2.Understands how government regulation has affected specific industries (e.g. long-distance telephone service, broadcasting)
    Knowledge/skill statements
     1.Understands how government regulation has affected specific industries
     2.Understands how long-distance telephone service has been affected by government regulations
     3.Understands how broadcasting has been affected by government regulations
   Benchmark 3.Knows which government agencies are responsible for regulating various industries (e.g. FTC, FCC, USDA, CPSC)
    Knowledge/skill statements
     1.Knows what government agencies are responsible for regulating various industries
     2.Understands the role of the FTC in regulating business
     3.Understands the role of the FCC in regulating business
     4.Understands the role of the USDA in regulating business
     5.Understands the role of the CPSC in regulating business
   Benchmark 4.Knows ways in which businesses can influence government regulations (e.g., by lobbying government officials)
    Knowledge/skill statements
     1.Knows ways in which businesses can influence government regulations
     2.Knows businesses can influence government regulations by lobbying government officials
 Standard 34.  Understands the role of ethics in the business world
  Level IV (Grade 9-12)
   Benchmark 3.Knows that new governmental regulations are sometimes implemented in response to illegal or unethical business practices
    Knowledge/skill statements
     1.Knows that new governmental regulations are sometimes implemented in response to illegal business practices
     2.Knows that new governmental regulations are sometimes implemented in response to unethical business practices