BUSINESS COURSE DESCRIPTION

 

 

 

BU 095 Filing, Office Procedures/Office Machines (3)

Teaches the proper forms of communication, organization and procedures necessary to fulfill a clerical position in an office.

 

 

BU 097 Introduction to Entrepreneurship (3)

Introduces the challenges and successes in managing small business in today’s market. The definition of entrepreneur, types of business organizations, legal aspects, personnel management and the criteria for establishing a small business are discussed. A simple business plan is developed.

 


BU 097 Small Business Management (3)

Introduces the challenges and successes in managing small business in today's market. The definition of entrepreneur, types of business organizations, legal aspects, personnel management and the criteria for establishing a small business are discussed. A simple business plan is developed.

 

  

BU 098 Basic Business Math (3)

Develops understanding of basic math to solve typical business problems with emphasis on quick calculation of employee compensation, fractions, decimals, percentage, simple and compound interests, discounts, and buying and selling. (For certificate programs only.)

 

 

BU 099 Survey of Business (3)

Introduces basic business concepts including the business environment, types of business organizations, management process, information for business, and international business issues with introduction to business in Micronesia.



BU 099b Office Management (200 hours practicum) (3)

Prerequisites: CA 100s, CA 101s, BU 095, ESL/BU 095, ESL/BU 096, SS 100

This course is designed to prepare students in harnessing all resources for an effective management of paper work in the office and to prepare them for various office works. This course focuses on both theory and practice including 200 hours apprentice work in a designated or chosen office.


 

BU 100 Practicum (3)

One semester internship course where students will be assigned and supervised by a small business owner or a supervisor of an industry in the community. The students will perform the actual work that businesses and industries in the community expect of them after they successfully complete the program.



BU 101 Introduction to Business (3)

Prerequisite: ESL 089

Establishes a foundation for the understanding of contemporary business and its environment. The course covers the various functional areas of business: management and organization, human resources, marketing, financing, accounting, and information systems. Business ethics and social responsibility, the global business environment and basic FSM business laws/regulations are also covered.

 

 

BU 250 Principles of Finance (3)

Prerequisite: AC 220 and MS 150 OR AC 220 and BU/MS 110

Provides a general understanding of the financial aspects of business, such as financial statement analysis, risk and rate of return, time value of money, valuation of bonds and stocks, capital budgeting, and cost of capital.

 

 

BU 260 Fundamentals of Management (3)

Prerequisite: BU 101

Enables the students to develop an understanding of management and organization. The course focuses on important management functions such as planning, organizing, leading, and controlling for successful managerial activities. Students learn how successful managers use organizational resources through organizational functions in order to effectively and efficiently achieve organizational objectives.

 

 

BU 270 Principles of Marketing (3)

Prerequisite: BU 101

Introduces students to the basic concepts of marketing such as buyer behavior, market research and information systems, segmentation strategy, as well as the 4Ps. Students are also introduced to international marketing and to the broader marketing environment, including political/legal, economic, demographic, competitive and ethical issues.

 

 

BU 271 Business Law (3)

Prerequisite: BU 101

Introduces the FSM and the US legal system as it relates to contracts, agency and employment, property, sales, business organization and government regulation. Students are provided an overview of the FSM Constitution and the basic principles of court organization, and a survey of tort law as applied to both the FSM and the US.

 

 

BU/MS 110 Business Math (3)

Prerequisite: MS 098

Emphasizes performing common computations found in the various functional areas of business. Students use of graphs, equations, ratio and proportion, percentage, and measurement systems to solve typical business problems such as the calculation of trade and cash discounts, markups, taxes, employee compensation, simple and compound interest, depreciation, inventory valuation, bonds and stocks, basic financial statement analysis, and business statistics.

 

 

BU/MS 310 Applied Statistics (3)

Prerequisite: MS 150

Builds on the fundamental concepts developed in the introductory statistics course. Students make point estimates of population parameters, construct confidence intervals for sample statistics, perform hypothesis testing to support decisions, make inferences about populations from sample data, use samples to make inferences about the general population, and use linear regression to recognize trends and make forecasts. Students use a computer software package (e.g. MS Excel) for both data analysis and presentation.