ELI5: Explain Like I'm 5

International Assembly for Collegiate Business Education

So you know how when you go to school, you learn lots of things like reading, writing, and math? Well, some schools also teach about something called business. This is like when people make and sell things like toys or food.

The international assembly for collegiate business education is a group of people who work together to make sure that the schools that teach about business are doing a good job. They come from lots of different countries all over the world, like the United States, China, and Brazil.

The assembly creates standards that these schools have to follow in order to be really good at teaching about business. This means that all the students at these schools will learn important things like how to make a budget, how to talk to customers, and how to make good decisions for their business.

The group also talks about new ideas and ways to make these schools even better. So, it’s like all of the grown-ups who are really good at business get together and make sure that the students who want to learn about it are getting the best education possible.