Course Description: A survey in business providing a multidisciplinary examination of how culture, society, economic systems, legal, international, political, financial institutions, and human behavior interact to affect a business organization's policy and practices within the U.S. and a global society. Demonstrates how these influences impact the primary areas of business including: organizational structure and design; leadership, human resource management, organized labor practices; marketing; organizational communication; technology; entrepreneurship; legal, accounting, financial practices; the stock and securities market; and therefore affect the ability of a business to achieve its organizational goals.
Student Learning Outcomes (for MGT1)
Upon completion of this course, the student will be able to:
1. Cite the various ways the U.S. government affects, restricts, and protects business.
2. Compare and contrast the advantages and disadvantages between various forms of business ownership.
3. Define ethics as it relates to business and explain the role of social responsibility in an organization.
4. Students will be able demonstrate understanding of the functions and components of a business plan.
5. Describe the relationship between profit and risk, and discuss how businesses and nonprofit organizations can raise the standard of living for all.
6. Describe how marketers apply the tools of market segmentation, relationship marketing, and the study consumer behavior.
7. Relate the planning process and decision making to the accomplishment of company goals.
8. Describe the Federal Reserve System and explain the ways it can control interest rates and the money supply.
9. Describe the major financial statements used to indicate a firm's financial health and stability.
Identify and prepare basic financial statements and explain how they interrelate.
The Business Administration certificate program includes Marketing, Entrepreneurship, Economics, and Finance courses. Each course has its "student learning outcomes" related to its field.