Download - American Business Merit Badge
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2012
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4 Features of Free EnterpriseIndividual Freedom and Opportunity
Ownership of Land and Assets (equipment, products & machines)
Owners and Workers can Pursue their Own Interests & Goals
Consumers can Spend Their Money as They Wish
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Freedom vs. LicenseU.S. Citizens have the Right of Choice to
Spend or Invest His/Her Earnings – However, the Ability to Exercise some Aspects of Freedom may Require License to do so.
You have the Freedom to Drive a Car, but You need a License or Permission from your State to Operate one.
The “Freedom” you want to Exercise may Require Permission from your Employer, Religious Organization or your School
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How Scouting Relates to Business
Scout Motto – “Be Prepared”
By the time you enter the work force (summer and part-time jobs too), or start a business, you should have some knowledge of how business works.
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Scout OathIn Business you must:
Do your best and help peopleYou must be trustworthyHelp those who are less fortunate – Charities To succeed you must be Friendly & CourteousMust follow the laws and rules of BusinessIn business, you must be Thrifty, setting aside
money for emergencies that might ariseYou should always Protect and Conserve our
Natural Resources
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Industrial Revolution
When we started using machines to do work that had previously been done by hand, because it increased productivity & efficiency
It was called a Revolution because it transformed our nation
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Energy
Before 1750 things were powered by humans, animals, water and wind
Steam engines began to improve efficiency
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Materials
During the 1800’s the materials used in production changed
Wood, Stone and Fibers
Metals and Iron were used more…
Metal alloys and plastics
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Mass Production
Eli Whitney helped begin mass production
Using interchangeable, standardized parts that were manufactured before hand
Helped production, as there were replacement parts now available
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Eli Whitney
Eli Whitney invented the Cotton GinIn 1798 he got the idea of using
interchangeable parts in manufacturingIt was now possible to produce goods quicker
and cheaper than with custom-made parts
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Henry Ford
In 1923 Henry Ford created the first assembly line
Over the years this has led to the use of robotics – and now computers
Computers have revolutionized mass production
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Jack Kilby
In 1958, electrical engineer Jack Kilby invented the first integrated circuit, or chip
Chips have become smaller and faster over the years, and now microchips are used in just about everything in electronics
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Sylvia WoodsSylvia Woods came from the cotton fields of
South Carolina and began a restaurant in New York that has become a soul food institution “Sylvia’s Restaurant”
In 1962 she opened her doors and now has several franchises in different areas.
Woods has shown what hard work, determination and a family’s love and respect can acheive
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Bill Gates
In 1973 Bill Gates entered Harvard University. While there, he and friend Paul Allen developed a new version of the BASIC computer programming language.
In 1975 Bill Gates and Paul Allen co-founded Microsoft, and by 1999 Microsoft dominated the Personal Computer Market.
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Insurance is useful to BusinessFire Insurance - In case of fire – replacement of home
or valuablesLife Insurance – Pays a sum to a beneficiaries after a
deathLiability – Protects a person or business against
claims or malpracticeAutomobile – Pays for damages, collision, fire, theft
and accident liabilityMedical Insurance – Pays medical and hospital
expenses
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Labor UnionsAutomation – The use of machinery in production
meant that fewer workers were needed, leading to lower wages and unsafe working conditions
Union Shop – All employees in the shop in the Union
Open Shop – Workers have a choice as to whether or not to join
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Inside the UnionCollective-Bargaining Agreements – The Union tries to
bargain with employers to improve wages, hours and workplace conditions
Shop Steward – The Union member who tries to help employees when they have complaints
Business Agent – Manages the Union Operations
Union Counselor – Helps Union members with personal or family problems
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Fed/State AgenciesBureau of Labor Statistics - Complies statistics
on employmentNational Labor Relations Board – Conducts
elections to see if workers want a Union to represent them, and hears cases either way
OSHA – Occupational Safety and Health Administration… ensures safe working conditions by enforcing job safety standards
State Agencies – Employment and unemployment services and worker’s compensation offices
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Call of Duty
Developers
Infinity Ward
Treyarch
Sledgehammer Games
Raven Software
Gray Matter Interactive
Pi Studios
Spark Unlimited
Amaze Entertainment
Rebellion Developments
Ideaworks Game Studio
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Ports:
n-Space
Aspyr Media
Demonware
Certain Affinity
Publishers
Activision
Aspyr Media
Creators
Ben Chichoski
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ATVI
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Platforms
Microsoft Windows/Mac OS X
Nintendo DS
Nintendo GameCube
Nokia N-Gage
PlayStation 2
PlayStation 3
PlayStation Portable
Wii
Xbox
Xbox 360
iOS
BlackBerry
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Ways to look for companies with stock
Wikipedia
Los Angeles Times
Wall Street Journal
Business Week