Chapter 3 Quiz & Unit Review

Today we took the chapter three quiz. Following the quiz, we reviewed the objectives from unit one (chapters one through three).

Objectives:

• Demonstrate mastery of chapter three objectives
• Review Unit one objectives

Homework: Study for unit 1 exam, Monday the February 2.

Business Organization - Current Issues

Topics brought up include:

• Starbucks
  • Are store owners compensated when stores are closed?
  • If profits are down 69%, how is this measured?
• Citibank
• Wells Fargo and Wachovia
  • Will Wachovia cost Wells Fargo too much to keep?
• Yahoo
• British Airways and Iberia
  • What was the benefit that brought the companies together?
  • What has caused British Airways to fall from the lead position in the merger?

Objectives:

• Discuss current issues in regards to business organization

Homework: Study for the chapter 3 quiz, Friday the 30th. Unit 1 exam, Monday the February 2.

Other Business Structures

Examples of nonprofit institutions include organizations such as schools, churches, hospitals, welfare groups, and adoption agencies. Most of these organizations are legally incorporated to take advantage of unlimited life and limited liability. They are similar to profit-seeking businesses, but do not issue stock, pay dividends, or pay income taxes.

Their activities often produce revenues in excess of expenses, but they use the surplus to further the work of their institutions, not to pay dividends to shareholders. Their efforts are difficult to analyze economically, however, because the value of their products is not easy to measure. Even so, they are an important part of our economic system.

Examples of nonprofit organizations:

• cooperatives
• labor, professional, and business organizations
• government

Objectives:

• Describe nonprofit organizations
• Explain the direct and indirect role of government in our economy

Wikipedia’s definition of a nonprofit organization.

Here are the IRS rule regarding a nonprofit organization.

Homework: Find an article and write a summary - business organization (sole-proprietorship, partnership, corporation) problems (lawsuit, takeover, stock issues, etc.) due Wednesday the 28th due Thursday the 29th. Chapter 3 quiz, Friday the 30th. Unit 1 exam, Monday the February 2.

Note: A question was asked regarding the difference between a nonprofit organization and a not-for-profit organization, here is an answer.

Interactivity - Quiz

In wrapping-up our look at basic interactive components. Here are a few reminders:

• Organize your site. This begins with your navigation. Decide what qualifies as top-navigation and what will be sub-navigation.
• While simple hyperlinks work, spruce up your navigation with rollovers (make sure to preload the images).
• If you use audio, really try to use a compressed format (i.e. .mp3). Please don’t use MIDI sounds!
• Consider using Flash buttons or animations to add to your page (while 99% of browsers have the Flash player, think about your audience).
• If you will be using an item multiple times, consider turning it into a Library item.

Today’s Objectives:

• Insert a multimedia object into a Web page
• Construct a rollover navigation bar
• Demonstrate mastery of lesson 5 objectives

Classwork: Create a Web page with a rollover navigation bar and an embedded MIDI file that plays automatically on load. Take the lesson 5 quiz.

Prep Questions:

• See quiz.

Note: Well done on the quiz average score was 16/20 or 80%!

Testing & the Inauguration

Economics class today provided an unusual combination and special opportunity today. The class demonstrated it’s master of chapter 2 objectives (economic systems and decision making).

Following our quiz and reviewing the results, our attention turned to the inauguration of the 44th President of the United States, Barack Obama. As is often the case, technical difficulties proved challenging and limited our viewing time, and yet we were able to watch a good portion of the events. See President Obama’s Inauguration (swearing in and speech) part 1, part 2, and  part 3 .

It will be interesting to see how the economy will react and the final version of the economic stimulus plan. Here is the official White House posting of the Obama Economic Agenda.

Homework: Read chapter 3, sections 1 & 2.