Article Assignment

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Select a current events business article. The article should focus on one of the concepts or terms that we will discuss in each unit.

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1. Select an article (minimum 500 words)

2. Suggested Sources: Business Week, Newsweek, NY Times, Wall Street Journal, etc.

3. You can use Reader’s Guide (Library), conduct an Internet search, or find an article in a current article periodical. The article must be current (within the last 3 months).

4. Copy the link to the article to your report or attach a copy of the article to the assignment.

5. The report is one page and must be typed.

6. Format the report by typing the question and then your answer.

7. Read the article and answer the following questions.

Questions to be answered:

1. Title and date of the article

2. Source of the Article (Indicate Internet search, Reader’s Guide or from another periodical)

3. Article refers to what key term or concept discussed in class. Define the key term or concept.

4. Main idea of the article. (Please be detailed when answering this question).

5. Major conclusions of the article (Please be detailed when answering this question).

Here are the concepts for Unit 1

Chapter 1. Taking Risks and Making Profits within the Dynamic Business Environment

Describe the relationship between profit and risk, and show how businesses and nonprofit organizations can raise the standard of living for all.

Compare and contrast being an entrepreneur and working for others.

Analyze the effects of the economic environment and taxes on businesses.

Describe the effects of technology on businesses.

Demonstrate how businesses can meet and beat competition.

Analyze the social changes affecting businesses.

Identify what businesses must do to meet global challenges, including war and terrorism.

Chapter 2. Understanding Economics and How It Affects Business

Explain basic economics.

Explain what capitalism is and how free markets work.

Compare socialism and communism.

Analyze the trend toward mixed economies.

Describe the economic system of the United States, including the significance of key economic indicators (especially GDP), productivity, and the business cycle.

Contrast fiscal policy and monetary policy, and explain how each affects the economy.

Chapter 3. Doing Business in Global Markets

Discuss the importance of the global market and the roles of comparative advantage and absolute advantage in global trade.

Explain the importance of importing and exporting, and understand key terms used in global business.

Illustrate the strategies used in reaching global markets and explain the role of multinational corporations.

Evaluate the forces that affect trading in global markets.

Debate the advantages and disadvantages of trade protectionism.

Discuss the changing landscape of the global market and the issue of offshore outsourcing.

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