Page 29 - Business Studies 9-10 (2006)

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THE ONTARIO CURRICULUM, GRADES 9 AND 10: BUSINESS STUDIES
Business Fundamentals
Overall Expectations
By the end of this course, students will:
• demonstrateanunderstandingofhowbusinessesrespondtoneeds,wants,supply,and demand;
• compare types of businesses;
• demonstrate an understanding of ethics and social responsibility in business;
• demonstrate an understanding of the benefits and challenges for Canada in the field of international business.
Specific Expectations
Economic Basics
By the end of this course, students will:
– describe the concepts of, and conditions that affect, supply and demand;
– explain how needs and wants create opportunities for business;
– compare the ways in which different industries, sectors, and competitors address similar consumer needs and wants.
Types of Businesses
By the end of this course, students will:
– compare forms of business ownership (e.g., sole proprietorships, partnerships, corpora- tions, cooperatives, franchises);
– identify the different types of businesses (e.g., service, retail, manufacturing; for profit, not for profit; Crown, public, and private);
– explain why a person or group of people would choose to establish one type of business rather than another (e.g., start-up costs, availability of financing and skills, level of risk, complexity of production, resource requirements, advantages and limitations of home-based businesses);
– identify the different business structures adopted by international business ventures (e.g., joint ventures, franchises, strategic alliances, multinational corporations).
Business Ethics and Social Responsibility
By the end of this course, students will:
– explain the concepts of ethics and social responsibility as they apply to business (e.g., workplace safety, antidiscrimination issues, accessibility issues for people with disabilities, environmental responsibility, respect for labour laws, fair trade);
– describe the impact of business on the local community;
– assess ethical dilemmas in the workplace (e.g., forgery, theft, misuse of funds, discriminatory hiring practices, whistle- blowing);
– explain controversial business issues from a local, national, and international perspec- tive (e.g., accounting scandals, environmen- tal impact of some business practices, insider trading, fraud).
International Business
By the end of this course, students will:
– explain the potential benefits (e.g., access to markets, cheaper labour, increased qual- ity and quantity of goods, access to resources) and social costs (e.g., outsourc- ing, human rights or labour abuses, envi- ronmental degradation) of international business for domestic and foreign partners;