ML - BUSINESS MATH & FINANCIAL LITERACY
(Open only to members in grades 6-9 who have affiliated middle level division.)
This event recognizes FBLA members who have an understanding of basic math functions needed in business.
The 30-minute objective test will consist of items related to business such as questions on percentages, fractions and decimals, ratios and proportions, savings, checking accounts, decision making, taxes, investing, insurance, real estate, financial goals, definition of terms, and basic economic concepts.
Only members enrolled in grades 6 through 9 and affiliated middle school division as of December 15 of the current school year are eligible for this event.
Participants must have paid state and national dues postmarked by December 15 of the current school year.
District: Number of participants governed by local FBLA District policy.
State: Each district may be represented by participant(s) based on the Florida FBLA scaled quota system.
National: See national competitive event guidelines at www.fbla-pbl.org. Florida may send one student to compete on the national level.
District: Each district determines its own procedures for event registration.
State: When it has been determined that a student will represent the district at state competition, the student's local adviser must send the appropriate entry form to the state adviser. The entry form and the required postmark deadline are included in the SLC registration packet.
National: See national competitive event guidelines at www.fbla-pbl.org.
• Participants must be selected in accordance with the regulations of the FBLA district and state chapters and the national association.
• Participants must not have placed 1st in this event at a previous State Leadership Conference or entered this event at a previous National Leadership Conference.
• Participants failing to report on time may be either disqualified or permitted to begin late with no extension of the time as scheduled.
• Participants must provide their own No. 2 pencils and erasers. Nongraphing calculators will be provided. No reference materials, electronic devices, or other items are to be brought to the event.
• Participants must adhere to the dress code established by the Board of Directors or they will not be permitted to participate in the competitive event.
Tests will be machine graded. In the event of a tie, the students’ performance on the final ten questions of the exam will be evaluated. After that, if necessary, the order in which the tests were received will be used.
District: The number of awards presented at the District Leadership Conference is determined by local FBLA District policy.
State: State awards for the top five places are presented at the State Leadership Conference.
National: The number of awards presented at the National Leadership Conference is determined by number of entries. The maximum number will be two.