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Virtual Enterprise (VE) is a simulated business program that is established and managed by students under the guidance of a teacher-facilitator and a business partner. This program allows students to experience all facets of being an actual employee of a firm in a realistic business environment. Students are involved in every aspect of running a business. This consists of administration, human resources, accounting, product development, production, distribution, and marketing and sales. Students engage in virtual trading with other practice firms around the world. This simulation enables students to understand how employees, workgroup teams, and departments interact with each other and work together to meet the goals of the company. In addition, this simulation conveys the expectations of the workplace. The Virtual Enterprise is a comprehensive and student-oriented approach towards teaching and learning that provides practical and task-oriented instruction in a real-world environment. With communication links to nearly 3, 000 VE firms around the world, the program exposes students to different cultures, business practices, and currencies giving students a broad international perspective. Students in the Virtual Enterprise experience hands-on applications, problem solving, and both written and verbal communication. In addition, students learn a variety of careers associated with business, acquire global economic knowledge, and use technology as applied in business, including the use of the Internet for global transactions and communication. |