This course is a brief overview of information systems with an emphasis on fundamental database design and applications in managerial decision making. Specific topics include decisions related to product costing, pricing, segment analysis, inventory management, production systems, budgeting and control. A comprehensive study of the field of finance, covering institutions, financial markets, investments, financial theory and techniques relating to financial decisions in business. The fundamental concepts, relationships, and principles of managing organized activities are studied. Special emphasis is given to human behavior in organized systems, with attention to the diverse workforce, interpersonal relations, group processes, and the philosophy for managing human resources effectively.
Emphasis is on the role of the consumer.
Techniques include multiple regression analysis, time series analysis and forecasting, analysis of variance and nonparametric statistics. Techniques are applied to practical business problems using computer statistical software. This course provides preparation for those students considering graduate school and for those students pursuing programs requiring statistical preparation beyond CIS 343. Cases and problems dealing with accounting concepts and the use of accounting data in planning operations and policy formulation. Some of the topics covered are funds flow, standard costs, make or buy, capital budgeting, linear programming, and probability.