LONG ISLAND BTA’S ANNUAL STUDENT CONTEST

DATE: THURSDAY, APRIL 19, 2018PLACE: FARMINGDALE HIGH SCHOOLTIME: 3:00 – 4:00

CONTEST INFORMATION

CONTEST REGISTRATION FORM (must be postmarked by March 21, 2018) Registration Postmark Date Transcript Requirements Contest Fees General Eligibility Rules General Contest Rules Individual Contest Rules Contest Study Guides

Accounting Business Calculations Business Law Business Principles College Accounting Computer Applications Elevator Pitch ** New contest Entrepreneurship Fashion Merchandising & Marketing Marketing Personal Finance Sports Marketing Web Design Word Processing

Proctoring Assignments Contest Results Awards Luncheon Contest Chairpersons Contact Info

Long Island Business Teacher’s Association

New ELEVATOR

PITCH Contest

POSTMARK DATE

Registration form, payment and transcripts must be postmarked by March 21, 2018. A copy of the registration form can be found on our web site. Please email this form by March 21, 2018 to scabrera@farmingdaleschools.org. WE WILL BE STRICTLY ADHERING TO THE DEADLINE.

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TRANSCRIPT REQUIREMENTS

A transcript is required for all students competing in the contest. It the transcript does not include the current courses, please enclose the current report card. Please highlight on the transcript the related course of the contest the student is competing in and write on the top of the transcript, in bold letters, the contest the student is entering.

Often the course’s name in your school may not match the contest name so this step will assist the Contest Chairs in verifying your students’ eligibility.

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CONTEST FEES

A fee of $15 per student must be submitted by check or purchase order with your registration form. The fee has been increased due to new insurance requirements. Please make check or purchase order payable to Long Island BTA.

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GENERAL ELIGIBILITY REQUIREMENTSA. Students currently enrolled in public or private high schools in Nassau or Suffolk

counties are eligible. Schools MUST be a member of Long Island BTA. Any school that is not a member should submit a membership application and dues with the contest registration. Applications are available on our web site www.longislandbta.org.

B. Students may compete in only one contest.C. Students may not enter a contest in which they have previously competed.D. Students must be accompanied to the contest by an adult.E. A transcript/current report card must be submitted for each contestant.F. Two students from each school may be entered in each contest.

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GENERAL CONTEST RULES

A. Fees – registration fee is $15 for each student entered. An additional membership of $75 for a department is to be paid by those schools that are not already a member of Long Island BTA.

B. Registration Procedures – List the names of the students who will represent your school in the various contests. Send the registration form, a check or purchase order made payable to Long Island BTA and student transcripts to:

Mrs. Stacy CabreraFarmingdale High School150 Lincoln StreetFarmingdale, NY 11735

C. The contest will be held on Thursday, April 19, 2018 between 3:00 and 4:00 pm at FARMINGDALE High School. Buses should not arrive before 2:45 pm. Please leave enough travel time so that the test may begin on time. Tests begin at 3:00 pm.

D. For the Word Processing and Computer Applications Contest, contestants will be provided with a PC computer installed with Microsoft Word 2016. Students may also use their own laptop if they are unfamiliar with this software.

E. Students who wish to use calculators must bring their own calculators. Students are not allowed to use cell phones or dictionaries. Students should bring No. 2 pencils since all written exams will use Scantron forms.

F. All contests, except Word Processing, Computer Applications, and Web Design, will be machine scored.

G. If a contest is under subscribed, the Committee may limit the number of awards given and invitations to the Awards Luncheon.

H. Any school that has a student needing special accommodations must contact the Contest Chair. A signed letter from that school’s Guidance Department will be necessary to authorize special needs.

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INDIVIDUAL CONTEST RULESA. ACCOUNTING

Students who are currently enrolled in the first year of a full-year accounting course are eligible to participate.

B. BUSINESS CALCULATIONS Students who are enrolled in any business education course may participate in

this contest. Here is an opportunity to have an outstanding student from any course participate.

C. BUSINESS LAW Students who are currently enrolled in any first year business law course are

eligible to participate.

D. BUSINESS PRINCIPLES Students who are enrolled in any business education course may participate in

this contest. Here is an opportunity to have an outstanding student from any course participate.

E. COLLEGE ACCOUNTING Students who are enrolled in the current school year in college level accounting

course are eligible to participate.

F. COMPUTER APPLICATIONS Students who are currently enrolled in a Computer Application/Office Applications

course are eligible to participate. The test will include a project integrating PowerPoint, Excel and charting

functions. Students may bring their own laptop if they are unfamiliar with the software

provided.

G. ELEVATOR PITCH Students enrolled in any business education course may participate in this

contest.

H. ENTREPRENEURSHIP Students who are enrolled in a half-year/full-year Business Ownership,

Entrepreneurship or Leadership course may participate in this contest.

I. FASHION MERCHANDISING AND MARKETING Students who are enrolled in a half-year/full-year Fashion Merchandising and

Marketing course may participate in this contest.

J. MARKETING Students who are currently enrolled in a first-year Marketing course or College

Marketing course are eligible to participate.

K. PERSONAL FINANCE Students who are currently enrolled in a course following a Financial

Management/Wall Street based curriculum may participate.

L. SPORTS MARKETING Students who are currently enrolled in a first-year Principles of Marketing or half-

year/full-year Sports Marketing course may participate.

M. WEB DESIGN One team of two students who are currently enrolled in a half-year/full-year Web

Design course may participate. Students are to provide their own laptop with necessary software.

N. WORD PROCESSING Students who are currently enrolled in a first-year keyboarding course or

computer application course; or who were enrolled during the current school year are eligible to participate.

Students may use their own laptop if they are unfamiliar with the software provided.

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PROCTORING ASSIGNMENTS

As always, we are in need of proctors to make this day a success. Please indicate on the registration form the name(s) of staff that will proctor. Every effort will be made to email you your assignment and instruction before the day of the contest. Your support is greatly appreciated.

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CONTEST RESULTS

Contest results will be posted on www.longislandbta.org by the end of the week following the contest. Luncheon Information and registration will be available on the website as well.

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AWARDS LUNCHEON

The Annual Awards Luncheon will take place on May 17, 2018. First through third place winners will be guests of Long Island BTA at the luncheon. Fourth and fifth place winners are invited to attend the luncheon at their own cost. Parents are also invited to attend at their own cost. Any winner not attending the luncheon will have their plaques mailed to their school directly. If a contest is under subscribed, the Contest Committee may limit the number of awards and invitations to the Awards Luncheon.

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CONTEST CONTACT INFORMATION

All registration forms, check/purchase orders, and transcripts must be postmarked by March 21, 2018 and mailed to:

Stacy CabreraFarmingdale High School150 Lincoln StreetFarmingdale, NY 11735

For questions or concerns:scabrera@f armingdaleschools.org

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Accounting Outline

The World of Business and Accountingo Forms of Business

Advantages/Disadvantageso Basic Accounting Assumptions

Business Transactions and the Accounting Equation Recording Transactions in General Journal Posting to General Ledger 10 Column Worksheet Financial Statements

o Sole Proprietorshipo Corporation

Cash Control and Banking Activities Payroll Accounting Cash Funds

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BUSINESS CALCULATIONS OUTLINE

Fundamental Mathematical Operationo Whole numberso Percents, fractions, Decimals o Averageso Simple Equationso Ratio and Proportion

Business Operationso Determining the Cost of Manufacturingo Pricing Manufactured Goodso Retail Sellingo Distribution of Profits

Office Applications/Corporate Planningo Payrollo Financial Statement Analysiso Probabilityo Economic Indicators

Personal Financial Managemento Purchasing Goodso Insurance o Automobile Ownershipo Taxeso Rental vs. Ownership of Real Propertyo Budgets

Personal/Corporate Financial Managemento The Checking Accounto Computing Interesto Borrowing Moneyo Savings and Investmentso Stocks, Bonds, Annuitieso Comparing Investments

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BUSINESS LAW CONTEST OUTLINE

Court Systems Tort Law Contract Law Consumer Law

o Sales of goodso Warranties/Guaranteeso Personal property & bailmentso Intellectual Property

Agencies Employment Law Forms of Business Ownership Marital Law Real Property Insurance

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BUSINESS PRINCIPLES OUTLINEBusiness Principles Outline

Characteristics of Business Nature of Business/Types of Businesses/Changing Nature of Business

Effectiveness, Efficiency

Business Growth and Prosperity

Domestic/Foreign Goods

Gross Domestic Product (GDP)

Entrepreneurship/Small Business/Franchise/Intrapreneurship

Social and Ethical Environment of Business/Economic Environment of Business

Stakeholders

Economic System/Economics Needs & Wants

Factors of Production

Capital Goods

Human Capital

Supply and demand

Business Cycles

Inflation

Proprietorships and Partnership

Characteristics of Entrepreneurs

What do you need to get a business started?

o Proprietorships/Sole Proprietorship/Partnership/LLP

Creditors

Assets/Liabilities/Equity

Corporate Forms of Business Ownership

Corporations

Role in Economy/Basic Features

Important Players of a Corporation

Stockholders/Shareholders

Directors (Board of Directors)

Dividends

Types of Organizations

o LLC

o Nonprofit

o Quasi Public

Nature and Scope of Marketing

Buying, Selling, Transporting

Costs of Marketing, Role of Marketing

Logo, Slogan, Brand

Market Determination

4 P’s of Marketing

Marketing Plan

o Product Life Cycle - 4 Steps

Types of Goods: Consumer, Industrial, Convenience, Shopping, Unsought, Specialty

Pricing and Promotion

Credit Terms, Types of Discounts

Net profit

Markup/Markdown

Advertising, False advertising

Returns / Damaged Goods

Human Resources Management

Functions of Human Resources Management – Career Planning

Hiring, Promoting, Transferring, and Releasing Employees

Employee Turnover, Exit Interview

Wages, Commission, Taxes, Gross Pay, Net Pay, and Salary Plans

Employee Benefits & Laws/Insurance Coverage/Labor Unions

Management and Decision Making

Planning, Organizing, Controlling, Leading

Supervision

Steps of Problem solving

Personal Finance

Budgeting/Installment Terms/Checkbook Balances/Savings Accounts

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College Accounting Outline

Nature of Business and Accountingo Types of Business and Business Organizationso Types of Business Organizationso Business Stakeholderso Generally Accepted Accounting Principleso Accounting Equationo Business Transactions and the Accounting Equation

Analyzing Transactionso Using Accounts to Record Transactions

Chart of Accounts Analyzing and Summarizing Transactions in T-accounts

o Double-Entry Accountingo Posting o Trial Balanceo Discovery and Correction of Errors

The Adjusting Processo 10 Column Worksheeto Journalize Adjusting Entrieso Adjusted Trial Balance

Completing the Accounting Cycleo Financial Statementso Closing Entrieso Post-Closing Trial Balance

Accounting for a Merchandising Businesso Financial Statementso Perpetual vs. Periodic Entrieso Adjusting Entries

Inventories

o Inventory Methods-Perpetualo Inventory Methods-Periodico Comparing Methodso Reporting Inventory on Financialso Estimating Inventory Cost

Sarbanes-Oxley, Internal Control and Casho Objectives of Internal Controlo Elements of Internal Controlo Bank Reconciliationo Special Purpose Funds

Receivableso Classification of Receivableso Uncollectible Receivableso Direct Write-Off vs. Allowance Method

Fixed Assets and Intangible Assetso Nature of Fixed Assetso Accounting for Depreciationo Disposal of Fixed Assetso Intangible Assets

Current Liabilities and Payroll

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Computer Applications Outline Students MUST be able to use spell check and be able to proofread for non-spelling errors

PowerPoint:

Information will be provided to create PowerPoint from. 4 slide PowerPoint presentation: 1 title slide 2 informational slides (bulleted lists) 1 slide design 1 image

Excel:

Title above the columns Bold/center/format text/merge Cell align text Payroll formulas (gross pay, taxes/deductions, net pay) Format: 2 decimals and comma separator, with and without currency Basic functions: total, average, maximum, minimum Printing, display and layout options Graphing (column or bar or line) Title and label each axis Data labels Insert it into the PowerPoint

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LIBTA Elevator Pitch Competition

Students will think up a new business idea (product or service) and create a video of their elevator pitch. What is an elevator pitch? It’s a short presentation of your business idea to potential investors. There are many resources online that explain how to create a great elevator pitch. Here is one good article: https://www.mindtools.com/pages/article/elevator-pitch.htm

Students will make a video of their pitch and submit it online with registration material to SCabrera@Farmingdaleschools.org by registration deadline.

Contest Guidelines Students may work alone or in teams of two, member schools may only submit one video. Students will think up a new business idea that they will pitch to potential investors. The

business can either be a product or service. Students will prepare and record a video of their elevator pitch. The video must be 60-90

seconds in length. There will be penalties for videos over or under the time limits.

Video Submission and Judging The deadline for submission is the same date as the contest registration deadline. Submit your video to SCabrera@Farmingdaleschools.org Judging will take place prior to the LIBTA written test competition date. Entrants do NOT have to attend the LIBTA competition Winners will be announced at the same time as the written test winners

Points 8 - 10 5 - 7 1 - 4

Performance(Appearance, confidence, posture, speaks clearly)

Speech is rehearsed, displays confidence and speaks clearly.

Speech is somewhat rehearsed, somewhat displays confidence and somewhat speaks clearly.

Speech is poorly rehearsed, doesn’t display confidence and doesn’t speak clearly.

Presentation(clear, concise, understandable)

Clearly explains their business idea, what customer needs it fulfills, and the financial potential.

Somewhat explains their business idea, what customer needs it fulfills, and the financial potential.

Poorly explains their business idea, what customer needs it fulfills, and the financial potential.

Expectations(states their goals, captures attention, persuasive, realistic)

Describes why they are unique and different.

Somewhat describes why they are unique and different.

Poorly describes why they are unique and different.

Timing(appropriate time length)

Within time limit. Goes 5 seconds over or under time limit.

Goes > 5 seconds over or under time limit.

Scoring Rubric

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Entrepreneurship Outline

CHARACTERISTICS OF SUCCESSFUL ENTREPRENEURS

ENTREPRENEURS IN A MARKET ECONOMY

TYPES OF COSTSo Marginalo Fixedo Variableo Opportunity

TYPE OF BUSINESS STRUCTUREo Sole Proprietorshipso Partnershipso S Corporationso Franchises

BUSINESS PLANSo Purposeo Components

MARKET RESEARCH PROCESS

FINANCE, PROTECT AND INSURE YOUR BUSINESS

SMALL BUSINESS ADMINISTRATION

RECORDKEEPING AND ACCOUNTINGo Income Statemento Cash Flow Statemento Balance Sheeto Bank Statemento Financial Management

TECHNOLOGY

LEGAL, ETHICAL, SOCIAL RESPONSIBILITIES Patent

o Trademarko Copyrighto License

COMMISSIONSo Consumer Product Safetyo Federal Trade

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Fashion Merchandising Outline

Meaning of clothing Fashion Movement

o Fashion Acceptance Curve Economic Concepts

o Forms of Business Satisfying the Fashion Market

o Market Researcho Market Segmentationo Marketing mix

Using Design in Fashion Textile Fibers and Yarns Promotion and Advertising Visual Merchandising

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Marketing Outline

Basic Marketing Fundamentals Strategic marketing planning and forecasting The consumer market Marketing research and analysis Segmentation, targeting, and positioning Product concepts and management Service and nonprofit marketing Pricing strategy Marketing channels Wholesaling and industrial distribution Retailing Promotional strategies and processes Quality and customer service Legal, ethical and social marketing aspects

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PERSONAL FINANCE OUTLINE

Needs vs. Wants Supply & Demand Circular Flow Budgets

o Fixed & Variable Expenses Taxes

o Sales, Property, Incomeo W-4/ taxes/ w-2/ 1040EZ

Gross Payo Calculating Net Income

Basic Bankingo Bank Serviceso ATMo Debit Cards

Saving and Investing Stocks and Bonds

o Risko Interest/Dividends

Checking/Debit Accountso Managing a Checkbooko Bank Reconciliationo Bank Statements

Credit Cards Insurance

o Caro Renterso Health

.

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SPORTS MARKETING OUTLINE

Marketing Essentialso Functions of Marketing o What is a Market?o Market Segmentation

Geographic Demographic Psychographic

o 4 P’s of Marketingo Channels of Distribution

Managing Marketing Informationo Market Research

Legal and Ethical Concerns o Patentso Copyrightso Brandingo Trademarkso Licensingo Endorsements

Product Advertising Sales

o Sales Processo Distribution

Pricing Stadium Design Marketing the Team

o Jersey Design and Logo o Mascot o Promotions o Attracting Fans o Fan Retention o Community Outreach – Camps, Lessons, etc.

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Web Design Outline Besides the list below, the student should make sure there are no spelling and non-spelling errors on any of the Web pages. Two pages Each with a title Header/banner Paragraph Background color / image Font properties Images with alt text List Internal links between pages Table, cell padding, spacing, border color, and cell background color External links Spelling and grammar errors Presentation, layout, color scheme and creativeness

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WORD PROCESSING OUTLINE In 60 minutes, students should be able to format the following using Microsoft Word:

BUSINESS LETTER Parts of a Letter Block-Style Format Create a table, alignment, format

NEWSLETTER (text will be provided) Headline Columns Borders/Shading Bullets Aligning and Formatting Text Adding/Formatting Images Drop Cap

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