Concepts & Skills Summary

Junior Achievement’s JA BizTown is an interdisciplinary, experiential program that encompasses a variety of concepts and skills required by the Tennessee State Content Standards.  It benefits students, teachers, and schools by providing a real-life simulation that lets children learn, explore, and realistically apply their knowledge of the following:

Disciplines:

• Social Studies including economics, government, and citizenship
• Language Arts including writing and communications
  
• Mathematics

Concepts:

Citizen ● community ● trade ● business ● rights and responsibilities ● voting ● republic ● producers ● consumers ● goods and services ● economy ● human resources ● natural resources ● capital resources ● market ● circular flow ● prototype ● scarcity ● free enterprise ● economic freedoms ● profit ● market economy ● public goods and services ● private goods and services ● national defense ● government (federal, state and local) ● taxes ● tariffs ● philanthropy ● social philanthropists ● nonprofit organizations ● opportunity cost ● financial institution ● banking services (checking and savings accounts, credit and debit cards, loans, CDs, ATMs, etc.) ● interest ● bank transactions ● checking accounts (deposit tickets, check register, balance) ● net deposit ● endorse ● metaphors ● currency ● bounced check ● not-sufficient funds ● double entry accounting ● entrepreneur ● innovation ● mnemonic device ● savings account ● interest rate ● compound interest ● FDIC ● rule of thumb ● financial literacy ● personal interests ● personal skills ● employer ● employee ● soft skills ● labor union ● work-readiness ● teamwork ● negotiation ● conflict resolution ● innovative solutions ● dilemmas ● job application ● resume ● ethics ● job interview ● job tenure ● pay stub ● gross pay ● net pay ● payroll deductions ● payroll tax ● taxation without representation ● ranking ● criteria ● ordinal scale ● revenue ● profit ● quality business ● best practices ● military ranks ● quality business ● job assignments ● general store ● letter to the editor ● central tendency (mean, median, mode) ● customer service survey ● job responsibilities ● sales revenue ● business loan ● promissory note ● business expenses ● operating costs ● health care ● advertising ● professional services ● recycling ● rent ● salary ● supplies ● utilities ● selling price ● Law of Demand ● inventory ● price controls ● “word of mouth” ● slogans ● procedure ● daily schedule ● checklist ● mass production ● geographical directions ● greater than/less than ● business letter procedure ● latitude and longitude coordinates ● profit analysis ● business management ● economics ● internship ● job-shadow ● CFO ● percentage

Academic Skills:

Following directions ● group work ● map reading ● matching ● reading ● verbal communication ● written communication ● math computation ● brainstorming ● collecting and organizing data ● critical thinking ● oral reporting ● problem solving ● teamwork ● estimation ● research ● creative writing ● data analysis ● money-management ● record keeping ● completing business forms ● charting/graphing ● classifying ● comparing and contrasting ● evaluating or interpreting data ● ranking ● role play ● self-assessment ● conflict resolution ● negotiation ● reporting ● summarizing ● work readiness ● interviewing, ● letter writing ● note-taking ● editing ● using formula/rate change ● estimation ● map reading

Tennessee Fifth Grade Standards

Full correlation of each lesson to State Standards available upon request.