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Topic: Business organizations 

Business Education

 Standard 7.  Knows the characteristics of the major types of business organizations
  Level IV (Grade 9-12)
   Benchmark 1.Understands the purpose and responsibilities of partners
    Knowledge/skill statements
     1.Understands the purpose of partners
     2.Understands the responsibilities of partners
   Benchmark 2.Knows the characteristics of different kinds of partners (e.g., secret, silent, dormant)
    Knowledge/skill statements
     1.Knows the characteristics of different kinds of partners
     2.Knows the characteristics of secret partners
     3.Knows the characteristics of silent partners
     4.Knows the characteristics of dormant partners
   Benchmark 3.Understands that a corporation is a legally defined entity
    Knowledge/skill statements
     1.Understands corporations are legally defined entities