Quantitative tools of analysis used to support decision-making in the various operations management activities will be surveyed, and case analysis will be employed to relate theory to practice. Included in this course are the topics of descriptive statistics, sampling procedures, hypotheses testing, statistical quality control charting, confidence limits, analysis of variance, chi-square tests and simple and multiple regression. These concepts are related to business decisions and form the basis for data analysis and model building encountered in other MBA courses. Financial planning and control for the financial and the non financial executive, including decisions of investment, growth and expansion strategies, dividend policy and capital structure. Analysis of principles leading to decisions in management of current assets, fixed assets, debt, equity and capital.
Emphasis is on decision making based on quantitative analysis.
Credit Hours A study of the ethical, moral and legal responsibilities of the manager in the business world. National, state and local laws and customs will be stressed as they relate to the business enterprise, and the rights of workers, community and government are researched. Attention is given to the development of conceptual and analytical thinking, oral and written communications, and interpersonal and group management skills. The study of international business integrating theory, policy, and application and using this knowledge to understand how the business firm functions in a global setting. Topics include the new theories of international trade and different types of investment, exchange rates, international finance, government intervention in trade and investment, the role of global institutions in promoting world trade, and trade blocks.