# CTE Resource Center - Verso - Principles of Business and Marketing NBEA Achievement Standards for Entrepreneurship Correlation by Task

CTE Resource Center - Verso

Virginia’s CTE Resource Center

NBEA Achievement Standards for Entrepreneurship Correlation by Task

In this course, the following tasks/competencies reinforce the standards listed beside them. Teachers may identify additional reinforcements in locally developed instructional materials.

Task/Competency Number Task/Competency Statement Standards
40 Explain the three basic economic questions answered by any economy. NBEA Achievement Standards for Entrepreneurship: Describe how a market economy resolves the problems of what, how, and for whom to produce.
53 Compare major types of business ownership. NBEA Achievement Standards for Entrepreneurship: Compare and contrast the advantages and disadvantages of the various forms of business ownership. ♦ Define a corporation and explain how it differs from a sole proprietorship and a partnership. ♦ Define and give examples of franchising.
64 Determine the social responsibilities of a business to the community and of the community to a business. NBEA Achievement Standards for Entrepreneurship: Describe benefits of participating in a business-sponsored community service activity. ♦ Discuss the importance of a business giving back to the community
67 Explain the influence of technology on employment, business operations, and global activities. NBEA Achievement Standards for Entrepreneurship: Utilize virtual entrepreneurs, blogs, webcasts, webouts, and various other technology avenues to identify and solve various business problems.
68 Explain the effects of electronic commerce (ecommerce) on business and marketing. NBEA Achievement Standards for Entrepreneurship: Describe how the Internet and other emerging technologies have impacted the components of marketing (e.g., product, place, price, and promotion). ♦ Utilize virtual entrepreneurs, blogs, webcasts, webouts, and various other technology avenues to identify and solve various business problems.