Week June 1, 2015 – June 5, 2015 DECA NEWS: DECA WISHES YOU A GREAT SUMMER! STAY IN TOUCH ON FACEBOOK AND TWITTER! VISIT FOR MORE NEWS! Due This Week: Unit 11 – Vocabulary & Assessments Due Friday Franchise Report due Tuesday Insurance Report due Wednesday Unit 11 TEST Friday! TURN IN ALL BOOKS BY FRIDAY!!!

 Early Work: What are 8 Characteristics of Successful Entrepreneurs?  Today’s Objective: Understanding Risk ManagementUnderstanding Risk Management  Activities – Library computers  Vocabulary – Please complete along with Assessments Vocabulary  Unit 11 – Entrepreneurship and Finance  Chapter 33 – Entrepreneurial Concepts  Chapter 34 – Risk Management  Review Chapters  Complete Vocabulary and Assessments  Begin Franchise Report  Homework: Vocabulary & Assessments due Friday ☞ Point of the Day: Entrepreneurs are people who create, launch, organize, and manage new business and take the risk of business ownership Excellence is about the little things. Magic Monday Morning – Manners Moment

 Early Work: List two trends in Entrepreneurship.  Today’s Objective: Understanding Risk ManagementUnderstanding Risk Management  Activities – Library computers  Vocabulary & Assessments due Friday Vocabulary  Finish work on Franchise Project Report – Turn in at end of class today  Review Chapter 34  Begin work on Insurance Project Report  Be sure to turn in all completed work to teacher  Homework: Unit 11 Test Friday ☞ Point of the Day: Entrepreneurs play a key role in the domestic economy. Excellence is a relationship. Tough Tuesday – Name that Company

 Early Work: What are four business ownership opportunities (4 ways to go into business)?  Today’s Objective: Understanding Risk ManagementUnderstanding Risk Management  Activities – Library computers  Vocabulary & Assessments due Friday Vocabulary  Complete Insurance Project Report and turn in today  Turn in all completed work  Homework: Test on Unit 11 Friday! ☞ Point of the Day: A franchise is a legal agreement to sell a parent company’s product/services in a designated geographic area Excellence is a philosophy. Wicked Work Wear Wednesday & Role Play Day!

 Early Work: Newspaper Day – The Free Lance Star What are the three types of business risk?  Today’s Objective: Understanding Risk ManagementUnderstanding Risk Management  Activities – Red Cow  Vocabulary & Assessments due Friday Vocabulary  Risk – what did you learn? Share your Reports!  Homework: be sure all work is done! ☞ Point of the Day: Business Risks can lead to financial gain, loss, or failure! Excellence is an aspiration. Thundering Thursday – Share a Weird Fact today!

 Early Work: What are the four ways to handle business risk?  Today’s Objective: Understanding Risk ManagementUnderstanding Risk Management  Activities  Vocabulary – Be sure to turn in to basket with Assessments Vocabulary  Unit 11 TEST  JOURNAL – “Mrs. Strauss – this is what I want to say to you…” (on notebook paper provided)  Homework: None for this weekend! ☞ Point of the Day: Risk management is the process of managing risk in an ethical way! Excellence is immoderate. Foxes Friday - The Week’s Wrap-Up & Good News!

 Entrepreneurship  Entrepreneurs  Franchise  Sole Proprietorship  Unlimited Liability  Partnership  General Partnership  Limited Partnership  Limited Liability  Corporation  Stockholders  Foreign Corporation  Limited Liability Company (LLC)  DBA (Doing Business As)  Articles of Incorporation  Business Risk  Risk Management  Economic Risks  Natural Risks  Human Risks  Insurance Policy  Extended Coverage  Fidelity Bonds  Performance Bonds Assessments: Page 793 #2-9 Page 813 #2-9

 Explain the nature and types of business risk.  Describe methods for managing risk. CTE Competencies Linked to SOLs

We encounter RISK everyday! In the world of business, entrepreneurs face RISK daily! YOU face RISK daily! Human, Natural, and Economic RISK must be managed in order to continue day to day business. How will you manage RISK in your life?

 R-E-S-P-E-C-T EVERYTHING!!!  Your supplies – bring your stuff every-day! Bring your book every-day! Bring your notebook & composition book every- day! Bring pen/paper/thinking cap/open mind ever-day!  Place all bags on the floor under your table!  Wait for Teacher instruction before beginning activity!  Passes out of Class - No Exit First 10/Last 10  One person out of room at a time  Pass Board – USE IT!  Keep it short!  Stay in your seat until you are dismissed from class – the bell tells Teacher when class is over; Teacher then dismisses you.  No talking while Teacher or others have the floor.  Watch your language and mind your manners, please.  All School Rules will be followed without question.