1. Explain four features of the free enterprise system in the United States. Tell it's benifits and responsibilities. Describe the difference between freedom and license. Tell how the Scout Oath and Law apply to business and free enterprise.

2. Describe the industrial revolution. Tell about the major developments that marked the startof the modern industrial era in the United States. Tell about five people who had a great influence on business or industry in the United States. Tell what each did.

1. Visit a bank. Talk with one of the officers or the staff. Chart the organization of the bank. Show it's relationship with other banks, business, and industry.

2. Explain how changes in interest rates, taxes, and government spending affect the flow of money into or out of business and industry.

3. Explain how a proprietorship or partnership gets its capital. Discuss and explain four ways a corporation gets its capital.

4. Explain the place of profit in a business.

5. Name five kinds of insurance useful to business. Describe their purposes.

1. Pick two or more stocks from the financial pages of a newspaper. Request the annual report or prospectus from one of the companies by writting, or visit it's Web site (with your parents permission) to view the annual report online. Explain how a company's annual report and prospectus can be used to help you manage your invetments.

2. Pretend you have bought $1,000 worth of the stocks from the company you wrote to in requirement 3a. Explain how you "bought" the stocks. Tell why you decided to "buy" stock in this company. Keep a weekly record for three months of the market value of your stocks. Show any dividends declared.

1. Draw an organizational chart of a typical central labor council.

2. Describe automation, union shop, open shop, collective-bargaining agreements, shop steward, business agent and union counselor.

3. Explain the part played by four different federal or state agencies in labor relations.

Report:

1. How service, friendliness, hard work, and salesmanship helped build your business.

2. The benifits you and others received because you were in business. Comparable 4-H, FFA, or Junior Achievement projects may be used for requirement 5.

1. Make an oral presentation to your Scout Troop about an e-commerce company. Tell about the benifits and pitfalls of doing business online, and explain the differences between a retailer and an e-commerce company. In your presentation, explain the similarities a retailer and an e-commere company might share.

2. Choose three products from your local grocery store or mall and tell your merit badge counselor how the packaging could be improved upon so that it has less impact on the environment.

3. Gather information from news sources and books about a current business leader. Write a two-page biography about this person or make a short presentation to your counselor. Focus on how this person became a succesful business leader.