The standards described in this document cover the critical aspects of business teacher education at the collegiate level. The standards are organized into two parts. Part 1, which deals with basic programs ordinarily leading to initial teacher preparation and a baccalaureate degree, outlines standards pertaining to the following aspects of business teacher education: governance, purpose, general studies, foundational and specialized business studies, professional studies, administrative policies and practices, research, faculty, admission to business teacher education, retention of students, counseling and advising, library, institutional facilities, community resources and facilities, cooperation with local school districts, evaluation and program development, and long-range planning. Part 2 outlines standards for advanced degree programs beyond the baccalaureate level. The following areas are addressed: governance, purpose, content, student participation in evaluation and development, individualization of programs of study, quality control, residence requirements, graduate assistanceships and fellowships, composition of faculty, faculty load and responsibility, faculty development, long-range planning, admission and retention, supervision of student programs, library, institutional facilities, research and development, and evaluation. A lead-in statement or rationale is provided for each standard, and questions designed to obtain evidence in support of the standard are provided. (MN)