Describe our business system, economic system, our legal aspects and the social responsibility of business.

Identify the characteristics of the sole proprietorship, the partnership, the corporation, and the cooperative forms of business ownership and discuss the advantages and disadvantages of each form.

Participate in class activities that will develop oral and written communication skills, group work skills, and problem solving skills.

Understand the use of accepted accounting procedures for all levels of business activity and in all sizes of businesses from the small sole proprietorship to the large highly organized corporations.

Discuss how businesses account for their finances and report financial information to the public.

Explain the key aspects of managing a business, including information, supervisory, and inventory management along with the use of computer.