Syllabus for
Business Principles (BUSI 1301)
COURSE NUMBER:
BUSI 1301
COURSE TITLE:
Business
Principles
CREDIT HOURS:
3 LECTURE HOURS: 3
LAB HOURS: 0
COURSE PREREQUISITES: None
COURSE DESCRIPTION
This course is designed to survey the entire
field of business, build a business vocabulary, broaden the student=s perspective of the
business field, aids the student in selecting a field of specialization, and
provides a background for further study.
PURPOSE
This
course is a requirement in completing the Associate of Applied Science degree,
with a major in Accounting and Business and Office Administration, and in the
Certificate of Completion for Accounting and it can be used as an elective for
other programs.
REQUIRED
TEXT: CONTEMPORARY BUSINESS, 11th
Edition, by Boone, Louis E. and Kurtz, David L.,
REQUIREMENTS
All
students are expected to:
Complete
all lessons. Attain the competencies listed
in the goals and objectives section. Do
all assigned readings and related homework.
Come to class prepared to participate in the class discussion for the
assigned reading. Bring appropriate and
prescribed materials to class. Come to
class all the time and on time.
INSTRUCTIONAL
STRATEGIES
The
major portion of class time will be used for lecture and discussion. Overhead transparencies, videos,
question-and-answer session, guest speakers, field trips, and outside
assignments will be used in conjunction with the lectures.
COURSE
GOALS
After
completing this course, the student should be able to:
1. Briefly describe the key features of
our business and economic system.
2. Analyze the major forms of business
ownership of both large and small businesses.
3. Identify and explain the key aspects of
managing a business.
4. Describe how businesses finance their
operations, including the stock market and insurance.
5. Explain how businesses market their
products and services.
6. Discuss how businesses use the
computer.
7. Discuss the relationship between
business, government, and other nations.
8. Make some prediction about the future
of business.
9. Make a better-informed decision about a
college major.
10. Gain some help in choosing a career,
either in business or in another field.
INSTRUCTOR INFORMATION
SHEET
Course Number: BUSI
1301
Course Title: Business
Principles
Professor/Instructor: Staff
Office Address/Number: T 210
Office Phone: 903-675-6366 E-mail: dhhinds@tvcc.edu
Office Hours: Posted
EVALUATION/GRADING TEST
METHODS: The following types of exams
will be used to assess student progress:
Standard objective exams with multiple-choice, matching, fill-in-the-blank,
short answer, and true/false.
GRADE AREAS: A combination of the following criteria will
be used as determined by the individual instructor:
1. Four unit tests.
2. Final examination.
3. Class and homework assignments.
4. Special projects and/or assignments.
5. Attendance, punctuality, and participation.
MAKE-UP POLICY: No
Make-up Tests given: If a test is
missed for whatever reason, the next test will be recorded twice and 10 points
will be deducted from the numerical score recorded for the test missed. This process can only be used once. If another test is missed, a zero will be
recorded.
Example: If you miss Test 1 and make 88 on Test 2,
your Test 1 score would be 88-10=78.
Test 2 score would be 88.
ATTENDANCE AND BEHAVIOR
Attendance: It is very important that students attend all
classes. Class attendance is
expected. Class attendance will be
recorded daily. Absences will adversely affect
a student's grade.
Tardiness: Students are expected to be in class on
time.
Behavior: All students are considered
mature individuals by the faculty and staff.
Students will be required to conduct themselves with utmost
consideration of the rights and property of others. Any behavior on the part of a student that
interrupts or impedes quality instruction shall not be permitted. Radios, tapes, and other audio or video
equipment are not permitted in the classroom at any time. Cell phones must be turned off. Obscene and profane language will not be
tolerated. Food and drink may not be
taken into the labs or classrooms.
Smoking is not permitted in any building on the campus. No children allowed in the classroom, and
they should not be left unattended in the building while the parent is in
class.
ACADEMIC ETHICS
Cheating and plagiarism
are not tolerated. A student is expected
to do his/her own work without outside assistance.
CLASS SCHEDULE:
Week 1-4
Chapter 1
Chapter 2
Chapter 3-4
Chapter 5; Test 1 -
Chapters 1-4
Week 5-7
Chapter 6
Chapters 7-8
Chapter 9; Test 2 -
Chapters 5-8
Week 8-11
Chapter 10-11
Chapter 12
Test 3 - Chapters 9-12
Week 12-14
Chapter 13-14
Chapters 15-16
Chapter 17; Test 4 -
Chapters 13-16
Week 15-16
Chapter 18
Chapter 22
Final Examination
GOALS AND
OBJECTIVES
Chapter 1- Foundations of
Business
1. Explain what a business is and how it and a
not-for-profit organization operate within the private enterprise system.
2. Define the role of the entrepreneur in the
private enterprise system.
3. Outline the basic rights of the private
enterprise system.
4. Discuss the factors of production and their
factor payments.
5. Identify the possible degrees of competition
in a private enterprise system.
6. Identify the different types of economic
systems.
7. Analyze how the historical development of the
Chapter 2 - Economic
Challenges Facing the
1. Differentiate between microeconomic and
macroeconomics.
2. Show how supply and demand determine the
equilibrium price.
3. Discuss important issues in macroeconomics,
including inflation, recession, unemployment, and economic growth.
4. Distinguish between monetary policy and
fiscal policy, and discuss how they help government to combat inflation and
unemployment.
5. Explain what is meant by a service economy.
6. Discuss how American Business can maintain
global competitiveness.
Chapter 3 - Global
Dimensions of Business
1. Explain the importance of international
business.
2. Discuss the basic concepts that underlie
international business.
3. Explain why nations tend to specialize in
certain goods.
4. Name the different levels of involvement in
global business.
5. Explain counter trade.
6. Identify the main obstacles that confront
global business.
7. Explain multinational economic integration.
8. Distinguish between a global strategy and a
multinational strategy.
Chapter 4 - Social
Responsibility and Business Ethics
1. Explain the concepts of social responsibility
and business ethics.
2. Describe the relationship between
self-regulation and government regulation.
3. Explain how government regulates business.
4. Discuss the impact of deregulation.
5. Understand how to evaluate social
performance.
6. Outline the responsibilities of business to
the general public.
7. Identify the responsibilities of business to
customers.
Chapter 5 - Forms of
Business Ownership
1. Identify and explain the three basic forms of
business ownership.
2. Outline the advantages and disadvantages of
sole proprietorships.
3. Compare the advantages and disadvantages of
partnerships.
4. Outline the advantages and disadvantages of
corporations.
5. Discuss how a corporation is organized and
operated.
6. Identify the levels of corporate management.
7. Describe recent trends in corporate
ownership.
Chapter 6 -
Entrepreneurship, Small Business, and Franchising
1. Explain the vital role that entrepreneurs and
small businesses play in the global economy.
2. Define entrepreneurship, and describe how
entrepreneurs differ from other businesspeople.
3. Define small business, and identify the
industries in which most small firms are established.
4. Compare the advantages and disadvantages of
small business.
5. Analyze the small business opportunities for
women and minorities and the special challenges that face these entrepreneurs.
6. Describe how the Small Business
Administration functions.
Chapter 7 - Total
Quality Management
1. Explain the importance of quality and
customer satisfaction in achieving a competitive advantage.
2. Summarize the status of quality programs in
the
3. Discuss the role of top management in
applying total quality management to an organization.
4. Relate TQM to various functions within an
organization, including production, human resource management, marketing,
information processing, and financial management.
5. Identify the major methods of securing
feedback from customers, employees, and suppliers.
Chapter 8 - Management
and the Internal Organization
1. Distinguish between a firm=s mission statement and
its corporate objectives.
2. Explain the concept of competitive
differentiation and identify the primary methods used to create it.
3. Explain SWOT analysis and how it is used in
corporate planning.
4. Differentiate between the various methods of
quantitative and qualitative forecasting.
5. Discuss the need for organizational
structure, and evaluate each of the four basic forms of organizations.
Chapter 9 - Management
of Human Resources
1. Explain the importance of human resource
management and the responsibilities of a human resource department.
2. List the needs in Maslow=s hierarchy.
3. Distinguish between Theory X, Theory Y, and
Theory Z managers.
4. Explain how recruitment, selection,
orientation, training, and evaluation contribute to placing the right person in
a job.
5. Outline the different forms of compensation.
6. Explain the concept of job enrichment and how
it can motivate employees.
Chapter 10 - Teamwork
and Communication
1. Distinguish between the two major types of
teams in organizations.
2. Identify the characteristics of an effective
team and the different rules played by team members.
3. List the stages of team development.
4. Relate team cohesiveness and norms to
effective team performance.
5. Identify each of the factors that can cause
conflict in teams, and discuss conflict resolution styles.
6. Explain the importance of effective
communication skills in business.
Chapter 11 -
Labor-Management Relations
1. Summarize the history of labor unions and
list their primary goals.
2. Identify the major federal laws that affect
labor unions and explain the key provisions of each law.
3. Explain how collective bargaining agreement
is established and the roles played by arbitrators and mediators.
4. Outline the sources of power, or Aweapon,@ of labor and
management.
5. Discuss the future of organized labor.
Chapter 12 - Production
and Operations Management
1. Explain the strategic importance of
production and operations management to a firm.
2. Discuss the role in production of computers
and technologies such as robots, CAD/CAM, FMS, CIM, MRP, and MRP II.
3. Outline the major factors involved in
selecting the most appropriate plant location.
4. Describe the major tasks of production and
operations managers.
5. Compare alternative designs for production
facilities.