BUSINESS DECISION MAKING LESSON PLAN MATH SKILLS TECHNIQUE PROGRAM PROCEDURE COURSE STRATEGY PROCESS WORKSHEET BASIC TEACHING LEARNING SAMPLE EXAMPLE HELP STUDENTS PRACTICE TEACHER CLASS MATERIAL EXERCISE FREE ONLINE ACTIVITY

 Students learn to solve basic business problems using math.

# Using Algebra to Make Business Decisions

How many bicycles should your bicycle company build this year?

Objectives:

• The student will be able to define variable, fixed, and final amounts from a word problem.
• The student will be able to define a variable.
• The student will be able to create an algebraic equation to solve word problems in several different contexts.

Standards:  NCTM Standards:  1, 2, 6, 7, 8, 9, 10

Teaching Materials:

Procedure:

1.  Warm-up: Review how to solve algebraic equations in one variable.

2.  Motivate the Lesson:  Ask the students if they know how their cell phone bill is calculated.  What is the bill based on?  Are there fixed fees and variable fees?  Tell students that you can apply algebraic equations to solve many real word problems.

Some problems, such as tip on a meal, are calculated every day.  We normally calculate these in our heads, but are actually using an algebraic equation to solve the problem.

3.  Proceed with the “Question of the Day”.  Explain that you are going to solve real world problems by using algebra.

4.  Verify that the students understand the following tasks:

• How do define a variable
• How to identify the fixed, variable, and final amounts
• How to create an algebraic equation
• How to solve the algebraic equation

5.  Have the students complete the “Business Decisions Worksheet” for homework.

Print out the teaching lesson pages and exercise worksheets for use with this lesson:

 BUSINESS DECISIONS LESSON Printable lesson worksheet and questions. Back to more Business Math Worksheets and Lesson Plans         To teach and learn money skills, personal finance, money management, business, careers, and life skills please go to the Money Instructor home page.

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