The cultural, institutional, and legal prerequisites for a functioning business economy. Analysis of the performance of firms over their life cycles. Instructor permission required for students who have taken more than 6 hours in the Business and Information Technology Department. Topics include consumer legislation, consumer finance, planning and budgeting, insurance, individual income tax, home buying, retirement, and investments. Instructor permission required for students who have already taken more than 6 hours in the Business and Information Technology Department.
Emphasis is on the management functions of planning, organizing, motivating, and controlling.
An overview of legal institutions, markets, and sources, including a consideration of administrative bodies. A specific treatment of areas of law of greatest concern to business firms. May be taken as a sophomore. The management of personnel. Topics include recruitment, training, wage and salary administration, benefits, termination, and labor relations.