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Describe why some people choose to become entrepreneurs as a career choice.
Clarifications
Clarification 1: Instruction includes evaluating the benefits and costs of entrepreneurship.
Clarification 2: Instruction includes identifying the roles and characteristics of an entrepreneur and understanding that taking on risk is an implicit part of being an entrepreneur.
Clarification 3: Instruction includes understanding how owning a small business can be a person’s primary career or can supplement income from other sources.
Clarification 4: Instruction includes the tax implications of being an entrepreneur such as the self-employment tax.
General Information
Subject Area: Social Studies
Grade: 912
Strand: Financial Literacy
Date Adopted or Revised: 05/24
Status: State Board Approved
Related Courses
This benchmark is part of these courses.
2102300: Economics and Personal Finance (Specifically in versions: 2023 - 2024, 2024 and beyond (current))
2102305: Economics and Personal Finance Honors (Specifically in versions: 2023 - 2024, 2024 and beyond (current))
2102371: Personal Finance and Money Management (Specifically in versions: 2023 - 2024, 2024 and beyond (current))
2102373: Personal Finance and Money Management Honors (Specifically in versions: 2023 - 2024, 2024 and beyond (current))
Related Access Points
Alternate version of this benchmark for students with significant cognitive disabilities.
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Student Resources
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