This introductory course is required of all business students and should be the initial business course for business majors. The student is introduced to basic concepts in management such as leadership, motivation, decision-making, teams, quality management, and business technology. The course examines the management functions of planning, organizing, staffing, leading, and controlling, and various theories of management. A study of statistical methods used for business decisions. Topics include descriptive statistics, probability, estimation, hypothesis testing, regression analysis, and forecasting.
Emphasis is on developing and interpreting information for business research and decision making.
A study of quantitative approaches to decision making. Topics include break-even analysis, linear programming, inventory management, queuing theory, project management techniques, and Monte Carlo simulation. Emphasis is on developing and interpreting information for managerial decision making. This course examines the production and operations system of the firm and appraises the methods available to aid in management decision-making. Production and inventory control and general plant management techniques are surveyed.