SEM OBJECTIVE 101



SEM Group 4 Classwork 10-10 - 10-21 Student is to turn in only completed documents in order to get credit.

Assignment #1 (10/10)

WARM-UP: Type a brief statement on who is Al Davis and why is he in the news? Also what Tennessee Titan was in the Pittsburgh Airport this weekend walking on floors he used to mop as a janitor just two years ago? What led to his ticket to a pair of rubber gloves and the glamorous world of airport toilets?

✓ Supply & Demand activity – Activity 1: – Each two rows students are to function as a team. Each team member will use the internet to research the following questions. Once each team member completes the research, the team will meet and see if the team as a whole can agree on what the correct answers are. Once they agree, each member should make sure they have the correct answers typed at the proper place

1. What is the current team ranking?

.Determine the current demand and prices for tickets to the games.

.Determine the current demand and prices for their merchandise.

.List all team merchandise available for sale and name the most expensive item for sale and the least expensive item - - give the pice for the highest and lowest priced items only

✓ Business cycle timeline Activity (2) – Have students research the U.S. economy over the last 100 years and create a timeline illustrating the phases. In addition, students can provide the factors and occurrences affecting the movement of the economy. This will help students understand how our economy is very fluid. Possible websites:

✓ (good one)

Use the nydaily news site to type a timeline featuring 1929, 1945, 1960, 1970, 1982, 1987, 1988, 1991, 1995, 2000, 2001, 2002, 2007, 2008

TIMELINE - dates - important events in the U.S.

ASSIGNMENT #2 - (10/11)

WARM-UP - What player was on the receiving end this weekend on a new NCAA ruling? What did he do? Was he penalized? Type answer below:

Activity 1: Visit the website below and watch a video clip from a professor at Duke on how economics should be taught. Now that you have been exposed to the various phases and how often they were happening, type two paragraphs on your opinion of the professor’s statements. If you agree with him – state why. If you don’t agree with him – then why not.



Paragraph One:

Paragraph Two:

Activity 2: View Video Clips and answer the following questions by typing your response:



1.Where are many finance jobs located – in which sector?

2. What drives hiring?

3. What drives economic recovery?

4. Why are local/state governments continuing to downsize (cut jobs)?

5. Who is Mr. Gilliam – where does he work?

Questions 1-4 follow:

1.What is the movement Occupy Wall St. all about?

2. What is the ruling body called?

3. How are the people participating in the demonstration surviving?

4. Are such demonstrations located only in NYC? If not, where are others located?

Activity 3: Visit the website below to read “Jobs report: Good news for Obama? Not exactly” on CNN Money From the article: “ The anecdotal evidence is lined up firmly against Obama. No president since Franklin D. Roosevelt has won re-election with an unemployment rate over 7.2%.” Type two paragraphs summarizing the contents of the article. Express any opinions which you may have.

Paragraph One:

Paragraph Two:

Activity 4: Research competition by visiting the website below:



Type in your word document the definition of the types of competition listed.

ASSIGNMENT #3 - 5 - (10/12 - 10/14)

Helpful websites (you are free to find websites on your own using Google):







VIDEO CLIP Activity 2



Questions:

List 10 ways small businesses can compete with the big boys.

1.

2,

3.

4.

5.

6.

7.

8.

9.

10.

Activity 3: Go to this URL address and follow instructions on the lesson plan on the website: SAVE THE LESSON PLAN TO YOUR DRIVE FOR FUTURE REFERENCE

“INTRODUCTION to Competition Works in Our Flavor”

TASK: (Where lesson makes reference to a pdf file you are to use the “Word” document handout provided with this lesson on the class website on Quia)

Your task is to discover the role of the Federal Trade Commission. Explain how competition encourages producers to produce more of what consumers are willing and able to buy. BELOW IS A RECAP OF THE ACTIVITIES AND QUESTIONS TO BE COMPLETED. WE WILL NOT BE COMPLETING EVERYTHING IN THE PLAN.

ACTIVITY 2 RECAP: The lesson plan directs you to:

1. Compare two different malls (using your imagination) based on the information you have learned

about competition in your internet research.

2. Fill in your handout you retrieved from Quia

3. As you can see, when consumers have choices, sellers have to keep their prices low, their service up to speed, and make sure they offer plenty of merchandise for sale-merchandise of _____ ______ (fill in the blank).

4. Answer the question: Did Emily and Isaac choose the same pizza you would have chosen? They chose _______ and I chose ___________ (fill in the blanks). They showed us that competition allows us to get goods and services at a lower price, with more choices, better quality and better __________ _________ (fill in the blank).

5. Click on Tripple Cold Creamery (in your copy of the econedlink lesson plan) and find out what happens when competition is taken away. 

6. The ice cream server showed us how the merger between the two ice cream stores led to _______ prices. So competition works in our "flavor"-this time, cookie dough! She also warned us that when mergers take away all the competition, then they are called __________, and monopolies have to be approved by the Federal Trade Commission. A monopoly is a market where there are many buyers but only one seller.  (fill in the blanks)

7. Read the Playing by the Rules article. Based on your reading, see if you can you answer these three questions. Give the explanation and then give examples of each:

1. What is a monopoly?

2. What is price fixing?

3. What is bid rigging?

8.Answer JUST THESE TWO QUESTIONS out of the three questions listed in the econedlink lesson plan. Yes or no response is not considered to be a complete answer.

A. What is a monopoly? If you owned a business and did such a good job that the other store in town went out of business, are you breaking the law?

B. How does competition encourage producers to produce more of what consumers want and are willing to buy?

9. Using the information you have learned by research, you will TYPE a pretend e-mail to and explain why the mall where you shop needs more than one pet store, one book store, one sports store, or one technology store.  Make at least three key points in your letter, using your knowledge of competition. TYPE PRETEND E-MAIL HERE

QUESTION: CRITICAL THINKING: What type of competition would you prefer when choosing a healthcare provider? Answer here:

ASSIGNMENT #6 - (10/17)

WARM-UP (Both Days): Student is to access activity of choice on Quia to practice re: 3.00 (10-15 minutes) each of the three days for this lesson plan.

✓ ACTIVITY 1: Profit and loss research – Have students research the profitability/worth of various professional sports teams, sports figures, celebrities, etc. ( is a good site to begin).

Using the site listed below: picked the Carolina Panthers and two of the top 10 teams and answer the following questions:

Team Value 1 year change Avg. ticket price

1. Panthers

2.

3.





ACTIVITY 2: WEALTHIEST ATHLETES - SALARIES AND ENDORSEMENTS

Use the ESPN data and Top Paid Athletes Data available on Quia available with the lesson plan to fill in the following. If you cannot find on either of the documents - google for the information on the internet.

Sport Name Salary Endorsements Total (Annual)

Golf

Boxing

NBA

MLB

NFL

Racing

Activity 3: NBA - Where is the rollback for fans? (10/9/2011 date of article)

Locate this article on

Read the article and fill in the blanks:

The first two weeks of the NBA’s regular season, in all likelihood, will be canceled on Monday, with the owners and players still unable to come to terms on a new _____________ - __________ agreement. The league claims that _____ of the 30 teams lost money last year, and that the league as a whole lost over $_____ million last season. Players want to limit the restrictions placed on their salaries, believing that they are not responsible to prop up the owners. Player agent Keith Glass reminds us of a third party in this mess—the fans—and wonders what’s being done to serve their best interests.

"We're in tough __________ times, isn't that the owners' argument?" Glass told the New York Daily News. "Okay, so where is the rollback for the fans? Where is the rollback for _______ prices, hot dogs, beer and _________? Where is the union and where is the league on this? Shouldn't they be worried about the people that actually _____ ____ ______?

"But fans are in the middle of this, too. If you keep complaining about this I don't want to see you in February paying $______ for a ticket. It is across-the-board _________."

DO YOU AGREE WITH THIS AGENT? STATE YOUR OPINION AND WHAT IT IS BASED ON. (Type below) __________________________________________________________________

ASSIGNMENT #7 - (10/18)

For a closer look at the food and beverage programs, including new menu items, that will be available at each of ARAMARK’s ballparks this season, visit .

Activity 1: Visit and answer the following questions:

1. What is Aramark’s “Green Thread Program”?

2. Name an NFL facility known for being vegetarian friendly.

Provide the name of the signature sandwiches:

Atlanta Braves - Turner Field

3. _________________ – House-smoked, pulled chicken with Vidalia onion straws, secret signature sauce and country slaw on Texas toast

4. _________________ – 18-hour braised beef brisket with smoked onions, secret signature sauce and country slaw on a corn-dusted Kaiser roll

Boston Red Sox – Fenway Park

5._________________ – Thinly sliced Boar’s Head roast beef, topped with sautéed onions smothered in barbecue sauce, crispy onions and homemade pickles on a Kaiser roll, served with chips

6._________________ – Sliced Boar’s Head turkey with cranberry sauce, topped with hot stuffing and gravy on a Kaiser roll, served with chips

Colorado Rockies – Coors Field

7.______________ – Smoked brisket topped with horseradish cream, sharp provolone, banana peppers and fire-roasted tomatoes on a crusty baguette

8.______________ – Slow-roasted pork loin braised in Italian-style gravy and topped with rapini, sharp provolone and spicy Italian long hot peppers on a crusty baguette

9. At which stadium is the Brooklyn Burger served?

10. Where is the El Toro chicken sandwich served?

11. Where is the stuffed pepper hoagie served?

12. If I am a vegetarian – is there something on the menu at Turner Field for me to purchase?

13. Where might I find the “3 Rivers Catering Package”?

14. On opening day in 2011 at Turner Stadium – how many hot dogs were projected to be consumed?

15. Where might I find a foot long hot dog topped with Canadian bacon?

16. Where might I find the “Hot Nosh Glatt Kosher Dog” vending machine?

COST TO ATTEND GAMES

Activity 1: Answer the questions below using info found on the website above:

1. Article in the Washington Post (2/2011) states the avg. cost of attending an NFL game for a family of four ___________

2. Family of four would expect to pay ______ at the Cowboys stadium.

3. 21 stadiums were built in the NFL from 1995-2003 at a combined cost of $6.4 billion. Of that amount, the public paid _______

4. How much did a glass of wine cost at the Super Bowl?

5. The writer of the article thinks this is the solution to price gouging at stadiums ________

ASSIGNMENT #8 - (10/19) Sponsorships

Chapter 11, Page 288 in Text Book. Activity 1. - Read Opening Act.

1. List the benefits to national businesses of sponsoring sporting events. Do you think businesses receive a good return for the money invested?

2. Define sponsor

3. Name 5 reasons businesses become sponsors.

4. What do sponsors expect in return for their investments?

5. Define endorsement

6. Is it necessary for a well known person to speak for their using the produce to be considered an endorsement?

7. Who are the most influential endorsements made by in today's world?

8. Do you think an endorsement by a celebrity would cause you to buy a product or service? Why or why not?

9. Read marketing myth on Page 291 about beer distributors sponsoring college athletic events. Is accepting sponsorships from beer distributors, sending a mixed message to underage collect students that consuming alcohol is acceptable? Explain your answer.

10. List 3 of the legal restrictions on endorsements imposed by thr Federal Trade Commission:

11.LeBron James signed a $90 million deal to endorse Nike products when he was just out of high school and had not yet played a professional game. Nike was betting on his potential as a celebrity. Do you think the deal has paid off for Nike? See if you can find any information on the internet to support your opinion.

12. Name 3 ways advertising endorsements are advantageous to businesses:

A.

B.

C.

13. Net Bookmark on Page 292. (school/sports) (Link for Chapter 11)

A. How many people attend Fan Fair each year?

B. Describe some typical events at Fan Fair

C. Why do you think so many country artists agree to sign autographs at this event?

D. Why would an organization be interested in sponsoring this event?

14. Disadvantages of an endorsement. List two disadvantages of endorsements.

A.

B.

15. What is the current situation with Tiger Wood's endorsements?

16. List characteristics you believe are desirable in an endorser.

17. Who did a 2006 USA Today article rank as a top choice for the announcer best suited for endorsing products?

18. How can deficiencies in speaking ability, personal appearance, and educational background be remedied?

19. Which of these TV ads would be an endorsement?

A. an unknown actor playing the role of a professional who recommends the product

B. A group of teens talking about the next X Games

C. Mia Hamm reminding you to drink milk.

20. Use the internet to view various commercials featuring endorsements.

A. List one of the best you saw - - person - product/service - what did you like most about it?

B. List the worst you saw - - who was the person and the product/service - - what did you not like about it?

Activity 2: Naming Rights



Use the url address above to answer the following questions:

1. Find the facility listed with the highest figure - name the facility and who plays there

2. Find the facility listed with the lowest figure - name the facility and who plays there

3. What year does the current contract expire for the Bank of American stadium?

4. Names the teams which play in the Staples Center:

5. Name the facility that serves as home to the Atlanta Hawks.

6. Who just bought the naming rights to the New Orleans Superdome?

Activity 3: The Best and Worst of Stadium Naming Rights Deals



Use this URL address to view the slide show of 7 stadiums. Summarize the presentation - naming facility - who held the contract, who plays there, etc.

Slide 1.

Slide 2

Slide 3

Slide 4

Slide 5

Slide 6

Slide 7

ASSIGNMENT #9 - (10/20)

Activity 1: Google Free Enterprise videos - (1) watch two videos -(2) provide the URL address and (3) summarize in the space below

Video 1

Video 2

FEATURES OF FREE ENTERPRISE

Activity 2: FILL IN THE BLANKS WITH THE FOLLOWING WORDS. Contracts

dollar votes self-interest private property competition economist

1. Owning ________ ________ is one of the most basic freedoms of the free enterprise system.

2. Individuals and businesses in the United States (US) are free to enter into _______. Whether written or oral, contracts are legally binding agreements to buy and sell goods.

3. Individuals in the US are free to make personal choices and communicate those choices through the price system. As shoppers, consumers cast "_______ ______" which help producers determine what products to buy.

4. Individuals in the U.S. are free to engage in free enterprise and _______. That is, they are free to choose where they will work, to open their own business, if they so desire, and to choose the type and quantity of goods or services they will produce.

5. According to famous ________ Adam Smith, ____________ is the force that directs the actions of individuals and businesses. In the US, individuals are free to look after their own self-interest.

6. The American economic system is relatively free from government interference.

Activity 3: FILL IN THE BLANKS WITH THE FOLLOWING WORDS.

Equity economic services efficiency insurance maintain employment security

GOALS OF FREE ENTERPRISE

1. A major goal of the American economic system is to _________economic freedom.

2. Another goal of the free enterprise system is __________--to make the best use of scarce resources.

3. A sense of justice for all is part of America's heritage, and in economic terms this goal is known as economic _______. Government tries to ensure that all people share in the benefits of the free enterprise system.

4. To operate smoothly, the goal of economic stability must be set to maintain __________and stable prices.

5. Economic _________ is another goal the government works toward. Individuals can help protect themselves against the unexpected by buying __________.

6. The last aim of the free enterprise system is _________ growth; that is, to increase the amount of goods and __________ that each worker in the economy can produce.

Question: 1. Homelessness in American is a sign which goal has not been met?? __________________

2. If the unemployment rate is very low in the American economy, it may be used as an indicator of reaching which goal? ________________________________________

3._____________ is good for consumers because it forces businesses to keep prices down in order to compete.

Activity 4: Exploring The Secret Of China's Economic Success by Anthony Kuhn

Visit the url to NPR to listen to



“China’s economy has continued to grow quickly despite the global recession. This has some observers wondering whether China's authoritarian political system has given it an advantage in promoting economic development”

Type a summary of the audio presentation:

ASSIGNMENT #10 - (10/21)

Video Hub: Risk Management – What Happens Without It & How It Impacts Corporate Decisions



Activity 1: View video clip above and summarize in 2 paragraphs,

Summarize the video: ____________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________

Summarize the video: ____________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________

Activity 2:

Entrepreneurship:

Robert Kiyosaki Says Entrepreneurship Will Bring Back Jobs

Read the article and answer the following questions:

1.Who is Robert Kiyosaki?

2. What is his connection to Donald Trump?

3. Robert has earned a reputation for: (1) ________________ (2) _____________ and (3) ________

4. What were a few of the things you learned in military school that help you build your business today?

5. How did he describe teamwork in the military school?

6. Can you name five points he mentions in the article?

A.

B.

C.

D.

E.

7. What does he think the No 1 skill is regarding an entrepreneur?

8. How does he define integrity and what does that have to do with running a business?

9. How many days did he go w/o a pay check?

Activity 3.

Read the article above and answer the following questions: (Jobs was an entrepreneur)

1.What type of leadership did Steve Jobs practice at Apple?

2. Fill in the blanks: Inside Apple,” Tate continues, “there is a culture of ______ and _______ around communication:  Apple’s “Worldwide Loyalty Team” specializes in hunting down ________, confiscating mobile phones and searching computers.  In the creepiest example of Apple’s _______ tendencies, two of Apple’s private security agents searched the home of a San Francisco man and threatened him and his family with ___________trouble as part of a scramble for a missing iPhone _________.” 

Oh, and for all of you spending your weekends “occupying” America against ________ ______and __________ of jobs to other countries, you might want to consider this the next time you tweet each other:  your beloved iPhone was likely made in _______.  And in an _______factory that, according to Tate “regularly employed young teenagers and people below the legal work age of 16” who worked “_______ hours.”  So besides the camera you’re using that was manufactured by Panasonic or the makeup you’re wearing that was made by Procter & Gamble, your purchase of that iPhone from Apple contributed to the exact problems that you’re now rallying against.  And your icon, the _________ Jobs, oversaw this.  Gee, what a jerk.

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