An investigation of the interpersonal relationships of employees in the organizational setting is also considered. This course surveys descriptive statistics with emphasis on practical applications of statistical analysis. It includes an examination of the role of statistics in research, statistical terminology, the appropriate use of statistical techniques, and the interpretation of statistical findings in business and business research. The basic principles of micro- and macroeconomics such as opportunity cost, demand and supply, elasticity, costs and benefits, competition, GNP, unemployment, inflation, taxation, money supply, fiscal and monetary policy, and international trade will be studied with emphasis on how they influence business decisions. This course studies ethical theories as they relate to various contemporary problems in the business world.
Emphasis is placed on class participation and practical application.
For example, students develop a Code of Ethics for their organization. Special consideration will be given to the Biblical foundation of values and the application of Christian ethical principles in the business world. The role of marketing within the organization is analyzed. The factors affecting consumer behavior, development of marketing strategies, and the recognition of marketing variables are examined. This course is an overview of the fundamentals of financial management.