Business Calculations
Posted on February 3rd, 2011 by jacobalderocean in FBLA Competitive Events
FBLA BUSINESS CALCULATIONS
Acquiring a high level of mathematics skill to solve business problems is a challenge for all prospective business employees. This event provides recognition for FBLA members who demonstrate an understanding of mathematical functions in business applications.
FBLA Eligibility
Each state may enter three (3) FBLA participants who are members from active local chapters, on record in the national center as having paid dues by March 1 of the current school year.
Overview
A one (1) hour objective test will be administered based on the competencies listed. Nongraphing calculators will be provided.
Objective Test Competencies
- Consumer credit
- Mark-ups and discounts
- Data analysis and reporting
- Payroll
- Interest rates
- Investments
- Taxes
- Bank records
- Insurance
- Ratios and proportions
- Depreciation
- Inventory
NBEA Standards Reinforced by Event
- Accounting: special applications
- Computation: mathematical foundations, number relationships and operations, problem-solving applications, statistics and probability
Career Cluster: Finance