American Business Merit Badge
ONLINE CLASS PREPARATION PAGE
 
GENERAL INSTRUCTIONS and EXPECTATIONS
 
Please arrive with ample time prior to the start time of your class to ensure your connection to the online session is working properly. Ask people in your household to refrain from unnecessary internet usage, including but not limited to: streaming videos, online gaming, and other heavy bandwidth usage.
Click here for the
IN-PERSON Class
Preparation Page

You will receive a link 12 to 24 hours before the class start time.  Notification will come through the email address provided during the registration process, so please make sure you enter your email correctly.

Your Scout Uniform is required to be worn when attending this Online Merit Badge session.   If you have any additional questions, please feel free to contact Brian Reiners; Scoutmaster Bucky via email or on the phone at 612-483-0665.

Reviewing the Merit Badge Pamphlet PRIOR to attending and doing preparation work will insure that Scouts get the most out of these online class opportunities. The Merit Badge Pamphlet is a wealth of information that can make earning a Merit Badge a lot easier. It contains many of the answers and solutions needed or can at least provide direction as to where one can find the answers.

It is NOT acceptable to come unprepared to a Scoutmaster Bucky event. You can (and should) use the Scoutmaster Bucky American Business Merit Badge Workbook to help get a head start and organize your preparation work. Please note that the use of any workbook is merely for note taking and reference. Completion of any Merit Badge Workbook does not warrant, guarantee, or confirm a Scouts completion of any merit badge requirement(s). You can download the Scoutmaster Bucky American Business Merit Badge Workbook by clicking here.

It should be noted that this Merit Badge class is not meant for those who just want to come and see what they can get done. It is possible to complete this Merit Badge by being properly prepared and having done the preparation work prior to the class. Preparation is a MUST! If you are not willing to participate to these expectations and standards, perhaps the Scoutmaster Bucky opportunity is not for you.

Other American Business MERIT BADGE PAGES
 
American Business Merit Badge Current Requirements
 
Scoutmaster Bucky's - American Business Merit Badge Workbook
 
American Business Merit Badge and Merit Badge History Page
 
American Business MERIT BADGE ONLINE SPECIFICS
 

American Business Merit BadgeThings to remember to bring for this Merit Badge Class:

1. American Business Merit Badge Pamphlet

2. Scout Uniform

3. Supporting documentation or project work pertinent to this merit badge which may also include a Merit Badge Workbook for reference with notes

4. A positive Scouting focus and attitude

 
REQUIREMENTS WITH SUGGESTED ONLINE PREPARATION NOTES
 

Please make sure you read the top portion of this page for general expectations for participation in a Scoutmaster Bucky Online Merit Badge Class.

 

Pay careful attention to the action verbs within the requirements.  An example to note:

 

"Tell", "Explain", "Describe", and "Discuss" are commonly used and will require the Scout to perform these actions during the class.  When these action verbs are a part of any requirement, Scouts are expected to be prepared to share. Reading off responses is not acceptable, it does not fulfill the requirement of showing the Scout's knowledge and understanding.

1. Do the following:

a. Explain four features of the free enterprise system in the United States. Describe the difference between freedom and license. Tell how the Scout Oath and Scout Law apply to business and free enterprise.

b. Describe the Industrial Revolution and tell about the major developments that marked the start of the modern industrial era in the United States. Discuss three people who had a great influence on business or industry in the United States and describe what each did.

c. Identify and describe to your counselor the five primary areas of business.

d. Explain the history of labor unions in the United States and the importance of labor unions and employers working together. Identify two major labor unions currently in existence.

e. Discuss with your counselor how business impacts the local, national, and global economy.

 

2. Do the following:

a. Explain the three basic types of financial statements (income statement, balance sheet, and statement of cash flows). Discuss with your counselor how each statement can help business leaders make better decisions.

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

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

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

 

3. Do the following:

a. Explain the place of profit in business.

b. Describe to your counselor green marketing and sustainable business practices.

c. Explain how ethics plays a role in business decision making.

d. Discuss the differences between operating a brick-and-mortar business versus an online business.

 

4. Describe the role of the U.S. Department of Labor.  Discuss two of the following topics with your counselor:

a. Fair Labor Standards Act (FLSA)

b. Occupational Safety and Health Act (OSHA)

c. Family and Medical Leave Act (FMLA)

d. Employee Retirement Income Security Act (ERISA)

 

5. Choose a business and research how it applies each of the primary areas of business (accounting, finance, economics, marketing, and management). Share what you have learned with your counselor.

Scouts will need to carefully manage their time and resources when working on this requirement. This is not a requirement that can be done in an hour or two. After selecting the business they want to research, they will need to spend considerable time looking into the numerous different areas of business for the company or corporation. It cannot be emphasized enough that Scouts will spend a lot of time preparing for sharing on this requirement which will require a very extensive and thorough report covering all aspects of the business and the stated items of this requirement shown. This requirement is best completed by Scouts who allot themselves plenty of time to complete and realize this is not just a single afternoon project. Time will be provided within the class for any Scouts interested in sharing their partial or completed progress on this requirement.

 

6. Do ONE of the following:

a. Choose one of the primary areas of business and identify three career opportunities.  Select one and research the education, training, and experience required for this career.  Discuss with your counselor and explain why this interests you.

Scouts that choose to do this requirement component will need to select either accounting, finance, economics, marketing, or management as their aprimary area of business and then identify three careers where someone seeking to work in that area of business might pursue.  Find out all that it takes to become prepared, educated, and trained for the highest probability of appeal to a potential employer.  Scouts should be ready to share their findings with the counselor and class during the class.

b. Select a business leader and interview this individual to learn more about his or her company and career path.  Discuss the role ethics plays in making business decisions.  Share what you have learned with your counselor.

Those Scouts that choose this requirement component to complete the requirement will need to make sure to have proof of their interview and either a very good memory or strong notes to support their findings when sharing what they learned during the class. Be Prepared.

 
this page last reviewed / updated: April 2020
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