N.H. Admin. Code § Ed 507.49

Current through Register No. 50, December 12, 2024

Section Ed 507.49 - Comprehensive Business Educator

(a) To be eligible for licensure as a comprehensive business educator, a candidate shall:

(1) Have at least a bachelor's degree;

(2) Qualify for licensure under one of the alternatives in Ed 505.01 -505.06;

(3) Meet the qualifications for licensure as a career and technical education teacher as provided in Ed 507.02; and

(4) Meet the requirements of (b) below.

(b) To be eligible for licensure as a comprehensive business educator, a candidate shall have the following skills, competencies, and knowledge through a combination of academic and supervised practical experiences:

(1) In the area of accounting, demonstrate the ability to:

a. Explain the role that accountants play in business and society;

b. Explain options for careers in the accounting profession;

c. Demonstrate the business and professional skills and competencies required to succeed in the accounting profession;

d. Analyze and interpret an annual report or a financial statement to make informed business decisions;

e. Assess the financial condition and operating results of a company and analyze and interpret financial statements to make informed business decisions;

f. State generally accepted accounting principles and practices (GAAP) and explain their impact on financial transactions, including:

1. Balance sheets;

2. Revenue and expense items;

3. Income taxation; and

4. Managerial systems;

g. Complete all steps of the accounting cycle and prepare financial statements for a proprietorship, partnership, and corporation;

h. Use planning and control procedures to evaluate the organization's performance and apply differential analysis and present value concepts to make informed business decisions;

i. Prepare, interpret, and analyze financial statements using manual and computerized systems;

j. Explain the individual income tax procedures and requirements to comply with tax laws and regulations including the difference between GAAP and income tax law; and

k. Understand and apply legal and ethical principles pertaining to accounting;

(2) In the area of management and administration, demonstrate the ability to:

a. Analyze respectful, responsible, inclusive, and ethical behavior with the importance of the basic tenets of management theories in a business environment within a digital world;

b. Analyze various organizational structures and evaluate the advantages and disadvantages of each;

c. Identify and develop personal management skills to function effectively and efficiently in a business environment;

d. Explain human resource systems and functions and its importance to successful operations of a business venture;

e. Describe the role of organized labor and its influences on government and business;

f. Create a positive and safe work environment which allows managers and employees to have cooperative and positive relationships and promote conduct of business in a safe, ethical environment;

g. Apply generally accepted operations management principles and procedures in order to be able to design an operations plan;

h. Demonstrate the ability to use information and technology to conduct business efficiently and effectively for both in-person and electronic environments;

i. Analyze the competitive position of a company within a specific industry using internal and external data;

j. Apply principles and methods of decision making and mathematical operations from internal and external sources leading to quantitative and qualitative analysis;

k. Identify and react to issues of corporate and global culture and managing in global environments;

l. Differentiate between ethical and legal issues related to social responsibility and business management;

m. Explain the various management functions and their interrelationships; and

n. Apply legal and ethical principles pertaining to management and administration;

(3) In the area of business communications, demonstrate the ability to:

a. Actively use communication including listening, reading, researching, and using technology to efficiently communicate verbally and non-verbally;

b. Apply collaboration, leadership, and interpersonal skills to enhance professional relationships;

c. Prepare clear, concise, and professional written messages using appropriate business vocabulary;

d. Understand the impact of the cultural and global differences as they relate to interpersonal business relationships;

e. Use professional speaking techniques for individual and group communications; and

f. Apply legal and ethical principles pertaining to business communications;

(4) In the area of business law, demonstrate the ability to:

a. Describe the major types of business organizations, including sole proprietorships, partnerships, corporations, and limited liability companies, and operating within the socioeconomic arena of the national and international marketplace;

b. Apply knowledge relating to:

1. The relationship between ethics, social responsibility, and the law;

2. The sources of the law;

3. The structure of the court system;

4. The different classifications of procedural law;

5. The different classifications of substantive law;

6. Alternate dispute resolution; and

7. Criminal and tort law;

c. Describe and analyze the relationships among contract law, law of sales, and consumer law;

d. Analyze the role and importance of agency law and employment law, and the ability to apply such laws as they relate to the conduct of business in the national and international marketplaces;

e. Describe and apply legal rules that apply to personal property, real property, and intellectual property;

f. Apply advancements in computer technology and how they affect areas such as property law, contract law, criminal law, international law, intellectual law, tort law, intellectual property, and substantive law relevant to business areas and knowledge of other legal issues that affect business;

g. Apply legal and ethical principles pertaining to business law; and

h. Describe and analyze the functions of negotiable instruments, insurance, secured transactions, and bankruptcy;

(5) In the area of entrepreneurship, demonstrate the ability to:

a. Examine the role entrepreneurs play in economic systems and the unique personal characteristics possessed by successful entrepreneurs;

b. Identify trends in society that can lead to business opportunities;

c. Apply the data-driven financial concepts and tools needed by the entrepreneur in making business decisions, including but not limited to cost analysis and marketing strategies;

d. Develop a business and management plan needed to make data-driven business decisions;

e. Describe the different forms of management and ownership within an industry; and

f. Apply legal and ethical principles pertaining to entrepreneurship;

(6) In the area of economics and personal finance, demonstrate the ability to:

a. Apply the concepts of personal finance to make sound data-driven financial decisions as they apply to self, consumers, and workers;

b. Explain the different agencies that address consumer issues and concerns;

c. Apply a decision-making model to consumer economic principles relating to consumer purchases of goods and services to maximize satisfaction;

d. Apply financial decision-making models in the areas of taxes, budgeting, and investing;

e. Evaluate debit and credit options offered by financial institutions and other mechanisms of financial transactions;

f. Develop, balance, and evaluate a spending or savings plan;

g. Evaluate investment options to meet short- and long-term goals;

h. Analyze choices for and financing for post-secondary education; and

g. Apply legal and ethical principles pertaining to financial literacy;

(7) In the area of finance and economic systems, demonstrate the ability to:

a. Explain the features of different economic systems, including the major features of the United State economy;

b. Explain the role of exchange and money in an economic system;

c. Explain the role of government in an economic system, especially the role of government in the United States economy;

d. Explain the role of international trade and investment and international monetary relations in the global economy;

e. Apply basic economic principles as they relate to microeconomic and macroeconomic theories and principles; and

f. Apply legal and ethical principles pertaining to finance and economic systems;

(8) In the area of international business, demonstrate the ability to:

a. Explain why societies develop economic systems;

b. Identify the role of international business and its benefits and costs to all businesses, including domestic and international economies;

c. Apply principles of different economic systems and philosophies and recognize how differences in culture, language, values, technology, social media, and social behavior affect the ethical conduct of business across domestic and international borders;

d. Explain international business as it relates to ethics, finance, management, marketing, import and export trade concepts, communication, human resources, technology, social media, culture, and the environment;

e. Analyze the effect of interdependence on economic activity;

f. Illustrate the different types of competitive structures and the role of competitive markets in the United States and other economies;

g. Understand the importance of economic relationships among nations; and

h. Apply legal and ethical principles pertaining to international business;

(9) In the area of business information systems and technology applications, demonstrate the ability to:

a. Understand the development and impact of information technology and telecommunications on a diverse global society;

b. Analyze, use, cite, synthesize, evaluate, and apply information from technology sources to solve problems, increase productivity, and improve personal quality of life;

c. Apply learning principles as they relate to skill development when learning software applications;

d. Apply technology in communicating, collaborating, conducting research, and solving problems;

e. Apply the legal and ethical principles pertaining to information systems and technology applications; and

f. Understand the importance of respectful, responsible, and inclusive behavior in a digital world;

(10) In the area of marketing, demonstrate the ability to:

a. Recognize the customer-oriented nature of marketing and analyze the effect of marketing activities on the individual, business, and society;

b. Analyze the elements of a marketing mix, their interrelationships, and how they are used in the marketing process;

c. Conduct, prepare, and analyze marketing research in decision making;

d. Apply concepts in developing the elements, design, and purpose of marketing plans for various types of businesses using multiple media formats;

e. Understand and apply the processes and systems implemented to monitor, plan, and control the day-to-day activities required to maintain and improve operational functions;

f. Identify and analyze the characteristics, predispositions, and behaviors of consumers; and

g. Identify and analyze the impact of internal factors on the marketing process, such as:

1. Government and legal regulations;

2. Ethical implications;

3. Economic implications;

4. Competitions;

5. Stakeholders; and

6. Social and cultural implications; and

(11) In the area of career development, demonstrate the ability to:

a. Use knowledge from individual assessments to assist students with developing a comprehensive set of career goals;

b. Use knowledge of career services to assist students with developing a career portfolio addressing domestic and international careers;

c. Assist students with identifying the relationship between career readiness standards and career development;

d. Assist students with development of workplace communication and collaboration skills; and

e. Assist students with developing a transition plan from school to career.

N.H. Admin. Code § Ed 507.49

#8229, eff 12-17-04 (renumbered by #9157, from Ed 507.41); ss by #10246, eff 12-21-12; renumbered by #12603 (formerly Ed 507.47)

Amended by Number 23, Filed June 8, 2023, Proposed by #13635, Effective 5/12/2023, Expires 5/12/2033.