Business Administration - Student Learning Outcomes
Upon completion of the Business Administration 632/671 degree program, the student will be able to:
- Discuss the nature of business and describe basic forms of business ownership.
- Identify and discuss the responsibilities and significance of human resource management, major issues surrounding labor-management relations, and motivational approaches available to managers.
- Compose concise and effectively written business documents (letters, memos, e-mail, reports, newsletters, news releases, and business presentations) and present concise and effectively worded oral reports.
- Describe the basic functions of data communication and utilize information technology to create and format business documents.
- Demonstrate knowledge of substantive law, case law, and precedent on business and society, and integrate social responsibility/ethical issues concerning legality.
- Define basic generally accepted accounting principles.
- Compile basic financial statements and analyze financial statement data to assess the financial condition of a business.
- Identify and discuss modern theory and practice relating to operations management in manufacturing and service environments.
- Explain various economic tools used to measure the state of the economy and evaluate the appropriateness of various types of fiscal and monetary policy.
- Apply economic principles to evaluate supply and demand, describe various market structures and their characteristics, explain government regulation in industry; and apply marginal productivity theory to a firm’s production decisions.
- Compute and apply common financial ratios to evaluate the financial performance of a business.
- Apply time value of money concepts to assess investment opportunities and financial decisions.
- Develop and demonstrate knowledge of fundamental concepts in the analysis of common financial instruments such as loans, corporate bonds and common stock.
- Describe concepts of risk, and risk-return tradeoff.
- Solve basic capital budgeting problems and describe key issues in corporate financial decision-making.