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.