3.00 Project STUDENT INSTRUCTIONS Procedures: 1. You will be evaluated on the competencies listed below.

Be very familiar with them and develop them in your presentation. 2. You may use notes, but only those created during your 10-minute preparation period. 3. You will have 10 minutes to present your role-play. Competencies/indicators to be evaluated: 1. Describe the basic economic freedoms as part of our free enterprise system. 2. Explain the advantages and disadvantages of entrepreneurship. 3. Compare sole proprietorship, partnerships and incorporation as forms of business ownership. 4. Explain the advantages and disadvantages of franchising. Event situation: You are the owner/manager of an established amusement park at the beach. One of your new employees, Ivan (the judge), is from Eastern Europe and is very eager to learn more about our economic system. He is a very ambitious, hard working employee who eventually wants to open his own business at the beach. Ivan (the judge) has been reading on the subject of economics and seems to understand basic concepts, but wants to hear your interpretation. Ivan has made a luncheon appointment with you to sit down and pick your brain. Since your business is successful, Ivan values your opinion and advice. Prepare to orient Ivan (the judge) on our free enterprise system, and forms of business ownership that can help him become a success in the future. Your event begins when you approach Ivan (the judge).

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3.00 Project JUDGE INSTRUCTIONS Procedures: 1. Please review the student instructions to better understand the event and your role. 2. The student will have 10 minutes to prepare and 10 minutes to make a presentation. Event situation: You (Ivan) are a recent immigrant from Eastern Europe working at an established amusement park at the beach. Your manager (the student) has impressed you as a successful businessperson. You are also very intrigued by the free enterprise economic structure of the United States. With this freedom and hard work, you also plan on becoming a successful business owner in the future. Your manager (the student) is always willing to sit down and talk about his business experience. You have done some extensive reading on the subject, but would feel more comfortable hearing your managers (the students) interpretation. He has agreed to meet for lunch and talk extensively about the U.S. economic system and the types of ownership used here. The role-play begins when the manager (the student) approaches you. Please be sure to ask the following questions: 1. Describe the basic economic freedoms as part of the U.S. free enterprise system. 2. Explain the advantages and disadvantages of entrepreneurship. 3. Compare sole proprietorship, partnerships and incorporation as forms of business ownership. 4. Explain the advantages and disadvantages of franchising. Student ideas and approaches to the situation will vary. Evaluate each student on knowledge of economic foundations and keep in mind the objectives to be covered.

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3.00 Project

EVALUATION FORM
Please circle one number for each of the following competencies/indicators and place the number in the space provided to the right, then total.
Evaluation Criteria: How effectively did the participant: Excellent (A)
Thoroughly and accurately identified all four basic economic freedoms

Good (B)
Four basic economic freedoms are somewhat thoroughly identified but are accurate 17, 16, 15 Advantages and disadvantages of entrepreneurship are somewhat thoroughly identified but are accurate 17, 16, 15 Forms of business ownership are somewhat thoroughly identified but are accurate 22, 21, 20 Advantages and disadvantages of franchising are somewhat thoroughly explained but are accurate 17, 16, 15 Presentation was affective but somewhat held the attention of the audience

Fair (C)
Four basic economic freedoms are not thoroughly identified nor accurate 14, 13, 12 Advantages and disadvantages of entrepreneurship are not thoroughly identified nor accurate 14, 13, 12 Forms of business ownership are not thoroughly identified nor accurate 19, 18, 17 Advantages and disadvantages of franchising are not thoroughly explained nor accurate 14, 13, 12 Presentation was somewhat effective, but failed to hold the attention of the audience 9, 8, 7

Poor (D/F)
Four basic economic freedoms are not identified.

Score

Describe the basic economic freedoms as part of the U.S. free enterprise system.

Explain the advantages and disadvantages of entrepreneurship. Compare sole proprietorship, partnerships and incorporation as forms of business ownership.

20, 19, 18 Thoroughly and accurately identified advantages and disadvantages of entrepreneurship

11, 10, 9, or below. Advantages and disadvantages of entrepreneurship are not identified

20, 19, 18 Thoroughly and accurately identified forms of business ownership

11, 10, 9, or below. Forms of business ownership of entrepreneurship are not identified

Explain the advantages and disadvantages of franchising.

25, 24, 23 Thoroughly and accurately explains advantages and disadvantages of franchising

16, 15, 14 or below Advantages and disadvantages of franchising are not explained.

Overall impression of the presentation.

20, 19, 18 Presentation captured and held the attention of the audience.

11, 10, 9 or below Presentation was ineffective in capturing and holding the attention of the audience

15, 14, 13

12, 11, 10

6, 5, 4 or below

Comments:

Total Score:

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