Foundational Objectives
Common Essential Learnings and Foundational Objective(s)
Module 6A: Business Management (Optional)
Suggested time: 3-5 hours
Level: Introductory
Prerequisite: None
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Learning Objectives |
Notes |
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6.1 |
Discuss with the students the need for a Social Insurance Number (SIN) and how to apply for one, if they do not already have one. Discuss setting up a personal bank account. Many businesses now make direct deposits for payroll. Some businesses do so only through banks they do business with so students may have to open a new account, even if they have an existing account in another bank or credit union. Have the students determine the deductions that they will have to pay out of their earnings. Include income tax, Canada Pension Plan (CPP) and other deductions like union dues, if they are required to belong to a union. Review an example income tax form. Have the students use it in the calculation of their deductions. |
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6.2 |
Research and define a limited corporation, a partnership, and a proprietorship. Locate an example of each in the local community. Contact a representative from the local Chamber of Commerce to speak to the class about business opportunities. |
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6.3 |
Develop a staffing model using a local landscape contractor, turf maintenance company or a retail restaurant as an example. Develop a staff schedule for a two week work period. Manipulate the staff model and estimate the effects of staff illness, unexplained absences, overtime, and tardiness, from an employer’s point of view. |
Module 6B: Intermediate Business Management (Optional)
Suggested time: 5-15 hours
Level: Intermediate
Prerequisite: Module 6A
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Learning Objectives |
Notes |
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6.4 |
Have the students research and define the role of organized labour within Saskatchewan. They might interview a member of a union to determine the benefits of belonging to a union. As well, they might interview a non-union member to determine his or her opinion of organized labor. Interview a manager of a unionized workplace to determine the role of a union in the workplace from a management perspective. Have the students research the following: Saskatchewan Labour, Saskatchewan Labour Force Development Board, Better Business Bureau, Worker’s Compensation Board, Apprenticeship and Trade Certification Commission, and Chamber of Commerce to see what role each has in business. |
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6.5 |
Have students use information from interviews and develop a role-play situation wherein a union and management disagreement exists. Develop strategies to resolve the conflict. |
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6.6 |
Have the students develop a staffing model using a local landscape contractor, turf maintenance company or a golf course and prepare a staff schedule for a two-week work period for a staff of eight. Manipulate the staff model and provide reasonable solutions to reflect staff illness, unexplained absences, overtime and tardiness. (PSVS) |
Module 6C: Advanced Business Management (Optional)
Suggested time: 3-5 hours
Level: Advanced
Prerequisite: Modules 6A and 6B
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Learning Objectives |
Notes |
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6.7 |
Define and establish models of inventory, staff time reconciliation and payroll forms. Discuss the workings of a modern cash register and, if possible, practice on a machine. |
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6.8 |
Have the students develop a fictional company, and prepare a profit and loss statement and balance sheet and a projection of income for the next fiscal year. Then prepare a report requesting financing for a capital expansion in your business. For additional information on operating a business refer to the Entrepreneurship 30 Curriculum Guide. Meet with a bank or credit union manager and discuss the procedure to request a business loan. |