CTE Resource Center - Verso

Virginia’s CTE Resource Center

2019/2020 Competency-Based Task/Competency List for Personal Living and Finances (3120/36 weeks)

Tasks/competencies bordered in blue are considered optional when marked as such; they and/or additional tasks/competencies may be taught at the discretion of the school division. All other tasks are considered essential statewide and are required of all students.

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Demonstrating Personal Qualities and Abilities

  1. Demonstrate creativity and innovation.
  2. Demonstrate critical thinking and problem solving.
  3. Demonstrate initiative and self-direction.
  4. Demonstrate integrity.
  5. Demonstrate work ethic.

Demonstrating Interpersonal Skills

  1. Demonstrate conflict-resolution skills.
  2. Demonstrate listening and speaking skills.
  3. Demonstrate respect for diversity.
  4. Demonstrate customer service skills.
  5. Collaborate with team members.

Demonstrating Professional Competencies

  1. Demonstrate big-picture thinking.
  2. Demonstrate career- and life-management skills.
  3. Demonstrate continuous learning and adaptability.
  4. Manage time and resources.
  5. Demonstrate information-literacy skills.
  6. Demonstrate an understanding of information security.
  7. Maintain working knowledge of current information-technology (IT) systems.
  8. Demonstrate proficiency with technologies, tools, and machines common to a specific occupation.
  9. Apply mathematical skills to job-specific tasks.
  10. Demonstrate professionalism.
  11. Demonstrate reading and writing skills.
  12. Demonstrate workplace safety.

Examining All Aspects of an Industry

  1. Examine aspects of planning within an industry/organization.
  2. Examine aspects of management within an industry/organization.
  3. Examine aspects of financial responsibility within an industry/organization.
  4. Examine technical and production skills required of workers within an industry/organization.
  5. Examine principles of technology that underlie an industry/organization.
  6. Examine labor issues related to an industry/organization.
  7. Examine community issues related to an industry/organization.
  8. Examine health, safety, and environmental issues related to an industry/organization.

Addressing Elements of Student Life

  1. Identify the purposes and goals of the student organization.
  2. Explain the benefits and responsibilities of membership in the student organization as a student and in professional/civic organizations as an adult.
  3. Demonstrate leadership skills through participation in student organization activities, such as meetings, programs, and projects.
  4. Identify Internet safety issues and procedures for complying with acceptable use standards.

Exploring Work-Based Learning

  1. Identify the types of work-based learning (WBL) opportunities.
  2. Reflect on lessons learned during the WBL experience.
  3. Explore career opportunities related to the WBL experience.
  4. Participate in a WBL experience, when appropriate.

Developing Consumer Skills

  1. Explain consumer rights, responsibilities, and remedies, and the importance of consumer vigilance.
  2. Interact with salespersons and merchants.

Demonstrating Knowledge of Banking Transactions

  1. Evaluate services and costs associated with personal banking.
  2. Reconcile bank statements.
  3. Demonstrate writing and endorsing a check.

Demonstrating Knowledge of Insurance, Credit, and Loan Functions

  1. Distinguish among the types, costs, and benefits of insurance coverage, including automobile, life, property, health, disability, and professional liability.
  2. Evaluate the various methods of financing a purchase.
  3. Compare terms and conditions of various sources of consumer credit.
  4. Compare the costs and conditions of secured and unsecured loans.
  5. Calculate payment schedules for a loan, using spreadsheets, calculators, and online tools.
  6. Complete a sample credit application.

Demonstrating Knowledge of Taxes

  1. Describe the types and purposes of local, state, and federal taxes and the way each is levied and used.
  2. Compute local, state, and federal taxes for self-employment, products, and services.
  3. Explain the similarities and differences between state and federal taxation of inheritances.
  4. Define the terminology associated with inheritance.
  5. Examine types and purposes of estate planning.

Demonstrating Knowledge of Personal Financial Planning

  1. Identify anticipated and unanticipated income and expenses.
  2. Develop a personal budget (e.g., income sources, expenses, savings).
  3. Describe how basic economic concepts influence a personal financial plan.

Demonstrating Knowledge of Investment and Savings Planning

  1. Compare the effect of simple interest vs. compound interest on savings.
  2. Compare investment and savings options.
  3. Explain costs and income sources for investments.