Virtual Business (2015)

Other Texas CTE sets

Virtual Business

  • 1.

    The student demonstrates professional standards/employability skills required by business and industry. The student is expected to:

    1. A.

      communicate effectively with others using oral and written skills;1.A

    2. B.

      demonstrate collaboration skills through teamwork;1.B

    3. C.

      demonstrate professionalism by conducting oneself in a manner appropriate for the profession and workplace;1.C

    4. D.

      demonstrate a positive, productive work ethic by performing assigned tasks as directed;1.D

    5. E.

      comply with all applicable rules, laws, and regulations; and1.E

    6. F.

      demonstrate time-management skills by prioritizing tasks, following schedules, and tending to goal-relevant activities in a way that uses time wisely and optimizes efficiency and results.1.F

  • 2.

    The student analyzes an overview of starting and growing a virtual business office. The student is expected to:

    1. A.

      identify the nature, history, and duties of a virtual business office;2.A

    2. B.

      list benefits afforded to virtual business clients;2.B

    3. C.

      assess personality characteristics to determine suitability for being a self-employed virtual business office employee;2.C

    4. D.

      inventory skills, interests, strengths, and weaknesses to determine appropriate services to offer;2.D

    5. E.

      prepare a business plan, including the following sections: executive summary, mission statement, long- and short-term goals, marketing plan, financial plan, and organizational plan; and2.E

    6. F.

      examine global business considerations.2.F

  • 3.

    The student demonstrates online and off-line marketing, including establishing a web presence. The student is expected to:

    1. A.

      create and design a website for a virtual business office;3.A

    2. B.

      describe details of setting up a virtual business office;3.B

    3. C.

      determine appropriate marketing of a virtual business office;3.C

    4. D.

      describe steps to successfully market a virtual business office; and3.D

    5. E.

      participate in leadership and career development activities.3.E

  • 4.

    The student develops contracts appropriate for virtual business office services provided. The student is expected to:

    1. A.

      research details of setting up a virtual business office;4.A

    2. B.

      determine particulars of communicating with clients locally and remotely; and4.B

    3. C.

      set appropriate fees for virtual business office services provided.4.C

  • 5.

    The student establishes pricing, billing, and collections procedures. The student is expected to:

    1. A.

      research pricing and billing practices of a virtual business office;5.A

    2. B.

      research appropriate recordkeeping and tax issues;5.B

    3. C.

      apply fundamental bookkeeping skills for a virtual business office;5.C

    4. D.

      define appropriate bookkeeping terminology such as accounts payable, accounts receivable, income, expense, asset, liability, profit, balance sheet, and income statement; and5.D

    5. E.

      prepare appropriate bookkeeping statements, including basic balance sheet and income statement.5.E

  • 6.

    The student describes legal and tax issues related to running a virtual business office. The student is expected to:

    1. A.

      determine local licensing requirements required for a virtual business office;6.A

    2. B.

      set up a virtual business office;6.B

    3. C.

      research support resources for a virtual business; and6.C

    4. D.

      describe the advantages and disadvantages of the various forms of legal construction of a virtual business office.6.D

  • 7.

    The student maintains business records to facilitate management. The student is expected to:

    1. A.

      describe the nature of business records needs for a virtual business office; and7.A

    2. B.

      maintain customer records.7.B

  • 8.

    The student acquires information to analyze business decision making. The student is expected to:

    1. A.

      monitor internal records for business information; and8.A

    2. B.

      conduct an environment scan to obtain business information and interpret statistical findings.8.B

  • 9.

    The student demonstrates project-management skills to improve workflow and minimize costs. The student is expected to:

    1. A.

      initiate a project, which includes identifying resources needed for a project;9.A

    2. B.

      develop a project plan;9.B

    3. C.

      execute a project;9.C

    4. D.

      monitor and control a project, including coordinating work with that of team members; and9.D

    5. E.

      close a project.9.E

Frequently asked questions

What grade levels do these standards cover?
Grade 9, Grade 10, Grade 11, and Grade 12
When were these standards adopted?
2015
Where can I read the official document?
Business Management and Administration

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