Emphasis is placed on planning and control applications but some attention is given to product costing issues. With the increased emphasis on collaboration and teams, the ability to skillfully facilitate group interactions is one of the most important competencies for leading and managing. This course is also used to develop the permanent MBA learning teams. Extensive use of simulated negotiation cases and discussion. Business Statistics - Descriptive statistical measures, basic probability notions, estimation and hypothesis testing for the mean, proportion and variance in a population, linear regression models.
Emphasis is on applications in a business environment.
Computer is used throughout the course. Business Ethics - An investigation of processes to resolve moral conflicts in business. Emphasizes normative guidelines to be applied toward attaining common ground among those operating from different levels of moral reasoning. A review of basic accounting concepts, techniques pertinent to understanding corporate financial statements and techniques applicable to the use of accounting information for planning and controlling of business operations. Survey of Business Economics - Theories of consumer and producer behavior and models of market structure, with discussions of the nature of the firm and various aspects of government and business relations.