Business

Students who successfully complete this course should be able to: 1. Define and discuss basic terms used in contemporary personal financial planning. 2. Explain the functional role basic personal financial planning and its impact on an individual success and individual compliance with tax laws and regulations. 3. Define ethics as it relates specifically to basic personal financial planning as well as to business and to society generally. 4. Demonstrate ability to prepare a basic individual personal financial plan. 5. Explain the importance starting retirement planning and saving at an early age. 6. Perform basic individual financial activities such as balancing a checking account monthly and appropriate use of credit.

1. Demonstrate the required knowledge in preparing a monthly budget. 2. Demonstrate the required knowledge of the U.S. Banking System which includes deposits, loans and interest rates 3. Calculate Present Values and Future Values using a financial calculator. 4. Demonstrate an understanding of the Federal Reserve System. 5. Prepare a Financial Plan which includes all components (budgeting and tax planning, managing liquidity, planning and financing large purchases, protecting wealth and income through various types of insurance plans, investing money, and retirement and estate planning). 6. Demonstrate the proper use of credit and how to maintain a good credit rating. 7. Demonstrate an understanding of annuities.

1.Explain how external factors of culture, economics, legal requirements, political activity, technology, the internet and the news media affect the operation of a business. 2. Explain basic functions of accounting, marketing, general management, human resource management, finance, purchasing, and production and operations management within a business. 3. Demonstrate the skills needed to develop ideas and make strategic business recommendations based on ethics, proper research, analysis, and critical thinking. 4. Apply basic marketing principles to recommend and develop a strategy to solve a marketing business challenge. 5. Develop a job search strategy, including the preparation of a resume, and a cover letter.

1. All students will be actively engaged in the procedural steps to starting a business. 2. Upon completion, all students will have written a solid business plan. The business plan encompasses key elements to properly forming a business including: Business structure, organization name, trademark, insurance, accounting, legal, and marketing considerations. 3. By the end, they will have gained valuable insight into the complex steps of starting a business.

1. Understand, define and grasp key terms and principles involved in the components of business. 2. Obtain a broad understanding of business and be able to employ strategies for making timely, and profitable decisions within an organization. 3. Learn processes and techniques used in various business organizations. 4. Explain how factors of culture, economics, legal requirements, political activity, technology, the internet and the news media affect the operation of organizations in a global environment. 5. Describe the key actions to be taken to effectively and efficiently utilize organizational resources to achieve stated purpose and goals. 6. Demonstrate leadership and develop a professional growth plan for lifelong learning In addition to fulfilling the learning objectives stated at the beginning of each covered chapter, a student should also be able to: 1. Provide an understanding of business basics 2. Generate an understanding of ethics in business 3. Create an appreciation for the role business plays in a global economy 4. Develop an understanding of the basic business functions of management, finance, marketing, human resource management, production, operations management, economics, and consumer behavior 5. Learn how to perform critical thinking when making major business decisions 6. Enhance business communication skills through the use of written and verbal exercises 7. Develop an appreciation for contemporary issues and potential future business trends

1. Differentiate physical distribution, inventory management and materials management. 2. Distinguish between the concepts of supply chain management and logistics terminology. 3. Explain inventory controls and warehousing. 4. Develop decision strategies in transportation and traffic management.

1.Explain how factors of culture, economics, legal requirements, political activity, technology, the internet and the news media affect the operation of organizations in a global environment. 2. Demonstrate the skills needed to develop ideas and make decisions based on ethics, proper research, analysis, and critical thinking. 3. Explain the relationship of business, government, and society. 4. Explain the stakeholder approach to business, society, and ethics. 5. Demonstrate the interpersonal skills to communicate effectively through operating in teams, writing, participating in classroom discussions, and in-class presentations.

1. Build a wide-ranging knowledge of the theoretical foundations for effective inventory and warehousing management. 2. Acquire analytical skills relevant in practical operations and management of inventory and warehousing for successful delivery of excellent customer service in the supply chain. 3. Develop competences to proffer sustainable solutions to challenges related to distribution centers and transport linkages to deliver value to clients.

1. Evaluate various domestic and international transportation modes and alternatives. 2. Evaluate design structures for integrated customer -centric and supplier-centric logistics. 3. Explain how the supply chain can contribute to overall organizational profitability. 4. Provide different strategies for customer deliveries.

1. The Student will learn to understand case law and court decisions as they relate to all forms of business activities. 2. The student will be introduced to the basic legal principles that impact business relationships and commercial activities. 3. The student will be able to demonstrate an understanding of the organization and procedures of the federal and state court systems, the sources of business law in the global legal environment and the impact of the United States Constitution and the Bill of Rights in the business context. 4. The student will learn the legal function of contracts in the business world, their impact upon business participants, consumers, debtors, creditors, employers and employees. 5. The student will learn the law of agency and be exposed to the Uniform Commercial Code (UCC). 6. The student will be able to recognize the different approaches to ethical decision-making, and to identify social responsibility issues in the business world. 7. The student will gain a basic understanding of current criminal and tort laws as they apply to U.S. businesses. 8. The student will gain a basic understanding of contracts: the elements of a contract; what constitutes a contract; what is a breach of contract; and what remedies are available for a breach.

In addition to fulfilling the learning objective stated at the beginning of each covered chapter, the student should have a basic understanding of: 1. The function of financial managers. 2. How to compute ratios and use ratio analysis. 3. Understand the importance of cash flows to the financial manager. 4. Time value of money. 5. Interest rates, bond valuation, and stock valuation. 6. How to use net present value and other investment criteria. 7. The importance of capital budgeting. 8. Short and long term financing.

1. Identify the role capital markets play in our economy and society. 2. Apply the economic concepts and measures, such as supply and demand, GDP, business cycles, interest rates, inflation and exchange rates and their impact on asset values. 3. Differentiate between the fundamental and technical analysis approach to asset valuation and the terminology used. 4. Build an optimal client portfolio with allocation of wealth between risky assets and risk free securities. 5. Apply an asset allocation strategy based upon a client's risk tolerance. 6. Make recommendations when allocating 401K plan assets, mutual fund assets, or bond fund assets.