Topics covered include the enterprising spirit, proposal writing, financing, organizing, and operating aspects. The application of microeconomics to management decision making and organizational architecture, with special focus on decision rights, performance evaluation, and rewards. Coverage includes decisions on pricing, cost, optimal output levels, product mix, vertical integration, and outsourcing. The impact of government policy on the firm is also studied. The course emphasizes the applications of accounting as a tool for management control in non-business organizations.
Special attention is given to financial statement presentation, analysis, and interpretation.
Topics included are investing and financing decisions, financial analysis, budgeting, and management control. An introduction to electronic commerce with major emphasis on using the Internet for marketing and selling activities. The course requires the student to create their own site as their major project. Class size will be limited. Requires payment of a computer lab fee.