Business Applications

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Type:Application Exercise

Estimated Time:45 minutes

Score Type:Auto Score

This application exercise automatically provides a score to your gradebook

Available Language: English


Vocabulary: Budget, Budgeting, ComputerSpreadsheets, Expenses, Financial, Financial Literacy, Money, Problem Solving, Writing


Objectives:

  • Students learn to use formulas to create a budget using a spreadsheet.
  • Students create a budget with a set amount of money in which to pay for housing, food, and other expenses, while trying to maintain a savings plan for short and long term goals.
  • Students explain what compromises had to be made to stick with their financial plan.
  • Students list advantages of designing and following a personal financial plan.
  • Students respond to real-life budget scenarios.
  • Students set short-term and long-term financial goals.

Subjects:

Budgeting

Social Studies > Economics > Personal and Consumer > Personal Finances > Budgeting

Budgets/General

Mathematics > Applied Math > Finance > Budgets/General

Budgets/Wants vs. Needs

Mathematics > Applied Math > Finance > Budgets/Wants vs. Needs

Communication

Mathematics > Applied Math > Communication

Critical Thinking and Decision Making Process 

Information Technology > Student Use > Critical Thinking and Decision Making Process 

Data Collection for Decision Making

Information Technology > Student Use > Data Collection for Decision Making

Data Collection for Decision Making 

Digital Literacy > Student Use > Data Collection for Decision Making 

Evaluate

Mathematics > Process Standards > Communication > Evaluate

Investing and Saving

Social Studies > Economics > Personal and Consumer > Personal Finances > Investing and Saving

Mathematics 

Information Technology > Connects to Other Disciplines > Mathematics 

Nonfiction

Language Arts > Reading / Literature > Comprehension / Analysis > Follow Directions > Nonfiction

Organize/Sort

Mathematics > Statistics Probability > Data > Organize/Sort

Spreadsheets

Mathematics > Number Operations > Computation/Technology > Spreadsheets

Spreadsheets

Information Technology > Software Applications > Spreadsheets

Spreadsheets 

Information Technology > Software Applications > Spreadsheets 

Use appropriate tools strategically

Mathematics > Process Standards > Common Core > Use appropriate tools strategically
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Standards:

S.5.b Students collect data or identify relevant data sets, use digital tools to analyze them, and represent data in various ways to facilitate problem-solving and decision-making.
2-DA-08 Collect data using computational tools and transform the data to make it more useful and reliable. (P6.3)
Math.Practice.MP3 Construct viable arguments and critique the reasoning of others.
Math.Practice.MP5 Use appropriate tools strategically.
ISTE seal of compliance for proficiency student standards ISTE seal of compliance for readiness student standards
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