Standards - Career & Technical Education

Describe steps that will maximize long-term investment returns and explain the advantages of each.

Evaluate types of investments to determine how they meet the objectives of a personal financial plan.

Compare the advantages and disadvantages of buying and selling investments through various channels.

Research and report on investment options, considering risks and returns and the reasons for diversification.

Identify warning signs of investment fraud and steps that can be taken if victimized by investment fraud.

Describe how insurance protects against loss and mitigates financial consequences.

Explain the various types of personal insurance and identify coverage needed at different stages of life.

Research and report on ways coverage, deductibles, and premiums are related.

Analyze the costs and benefits of various types of insurance.

Compare and contrast types of property insurance and identify situations when certain types of coverage are needed.

Gather and share information about the consequences of accidents involving uninsured or underinsured motorists.

Explain the differences between independent insurance agencies and franchised agencies.

Determine the amount of coverage needed in a given situation.

Explain the role of the Federal Deposit Insurance Corporation (FDIC) and the National Credit Union Administration (NCUA) in protecting depositors’ savings, including coverage limits.

Explain how state and federal agencies charged with regulating financial institutions protect the safety, soundness, and legal compliance of the nation’s banking system.

Investigate and report on account management services provided by financial institutions.

Summarize the risks and protections associated with checks, debit cards, credit cards, and online and mobile payment systems.

Compare the features and costs of personal checking accounts offered by different financial institutions.

Compare the features and costs of online and mobile banking and payment services offered by different financial institutions.

Compare the cost of cashing a check with various third parties.

Identify ways to avoid costly fees.

Discuss the pros and cons of being unbanked.

Demonstrate procedures for opening and managing a checking account, including writing checks; recording checks, debits, and deposits; and reconciling statements.

Incorporate safety procedures in handling, operating, and maintaining tools and machinery; handling materials; utilizing personal protective equipment; maintaining a safe work area; and handling hazardous materials and forces.

Demonstrate effective workplace and employability skills, including communication, awareness of diversity, positive work ethic, problem-solving, time management, and teamwork.

Explore the range of careers available in the field and investigate their educational requirements, and demonstrate job-seeking skills including resume-writing and interviewing.

Advocate and practice safe, legal, responsible, and ethical use of information and technology tools specific to the industry pathway.

Participate in a Career and Technical Student Organization (CTSO) to increase knowledge and skills and to enhance leadership and teamwork.

Discuss and demonstrate ways to value diversity.

Explain the purpose of commercial property insurance.

Assess insurance products and recommend a purchase based on product features in relation to cost.

List the advantages and disadvantages of purchasing property insurance to protect company assets from loss due to fire, lightning, windstorm, hail, riot, and civil commotion.

Demonstrate ways an insurance agent helps a business protect its financial well-being.

Assess the safety of business premises.

Determine suitable liability limits for a particular business.