Business Management Degree – Online Program | Penn Foster College

Business Management Degree

Why Penn Foster College?

  • Nationally Accredited
  • Self-Paced
  • Supportive
  • Low monthly payments

Online Associate Degree Overview

Penn Foster College's online Business Management courses offer an affordable way to pursue your educational and professional dreams, at only $79 per credit. Earning an Associate Degree in Business Management allows you to explore a variety of career paths and industries while in school. You can also build a foundation for future studies, as many of your credits will transfer to Penn Foster College's Business Management Bachelor's Degree. And best of all, our online business degree course allows you to study at home or on the go, at a pace that's right for you.

Associate Degrees from Penn Foster College are awarded under licensing from the Arizona State Board for Private Postsecondary Education.

Curriculum Details

Program Goal and Outcomes

Program Goal

To provide students with the education they need to launch their own business or join an established business in an entry-level position developing the strategies, plans, procedures, and policies that guide a business on both a day-to-day and long-term basis.

Program Outcomes

Upon completion of the program, students will be able to:

  • Demonstrate effective written and interpersonal communication skills
  • Demonstrate a high level of inquiry, analytical, and problem-solving skills
  • Demonstrate effective quantitative skills
  • Demonstrate computer and information literacy
  • Demonstrate an understanding of the liberal arts, natural sciences, and social sciences
  • Demonstrate an understanding of the principles and processes involved in the functional areas and the need for collaboration among the different functions
  • Discuss the management function and application to the business organization
  • Understand the steps of the accounting cycle and utilize financial document information as a management tool to plan, and track the financial status of a business
  • Discuss the factors affecting marketing plans to promote the business’s products or services through an understanding of marketing principles and consumer buying habits
  • Discuss and apply ethical and legal standards to the business environment.
  • Demonstrate an understanding of economic and financial markets and the business economy
  • Understand the fundamentals of human resources as it relates to the business environment
  • Demonstrate an understanding of the principles and processes involved in the functional areas and the need for collaboration among the different functions

Semester 1

Basic Skills Assessment

All degree applicants are required to complete two Basic Skills Assessments, one in reading and one in math, to determine the level of readiness for beginning their selected program. Additional studies may be required.

BUS100 Business Orientation 1 credit

Succeed by learning how to use your Penn Foster program, and learn how to effectively manage your time, talents, and resources in your personal life, academics, and in your career.

Objectives:

  • Understand how to use your Student Portal, including your My Homepage and My Courses pages.
  • Access the Penn Foster Community and use it to find answers.
  • Connect with Penn Foster on various social media sites.
  • Examine your individual life goals and the steps needed to fulfill them.
  • Recognize how your personal financial goals mirror that of most businesses.
  • Use time management skills to make the most of your day.
  • Determine personal financial goals.
  • Set up a typical budget.
  • Explain why creative thinking, research, planning, gathering resources, and production and marketing are vital for the start-up and maintenance of a business.
ENG103 Information Literacy 1 credit

Get better at finding and using information!

Objectives:

  • Search the Internet more effectively.
  • Get tips about search engines and reliable websites.
  • Learn how to search libraries and other information centers for important, useful information.
BUS101 Introduction to Business 3 credits

This course is designed to introduce you to basic business concepts, theories, and perspectives. It will serve as a basis for further learning in your program.

Objectives:

  • Understand the principles of business ethics and basic economics.
  • Compare the different types of business ownership.
  • Describe the basics of organizational structure.
  • Identify the differences between management and leadership.
  • Understand the importance of information technology in today’s business environments.
BUS110 Principles of Management 3 credits

This course will review the functions of management and its role in planning, leading, organizing, motivating, and controlling.

Objectives:

  • Define and correctly use business terms.
  • Explain the importance of communication.
  • Identify the steps of managerial decision making.
  • Explain the relevance of the basic skills required by managers.
  • Describe major components of various management perspectives.
  • Discuss the ever-increasing employee diversity and the management activities required for the changing workforce.
HUM102 Art Appreciation 3 credits

This course will provide you with the foundational knowledge needed to critique a variety of artwork.

Objectives:

  • Understand artistic media.
  • Identify historical periods and artistic movements.
  • Explain the roles of the artist and the viewer.
MAT106 Mathematics for Business and Finance 3 credits

This course will hone your math skills so you are able to successfully use them in business and finance industries.

Objectives:

  • Use percentages, discounts, and interest formulas effectively.
  • Analyze present worth and sinking funds.
  • Understand how to buy in installments and price merchandise.
  • Explain depreciation, insurance, equations, and formulas.
  • Discuss investments and statistics.
Proctored Exam

You will be required to complete a proctored exam on selected courses each semester. These assessments will evaluate the knowledge and skills that you learned during the semester. You choose the time, the location, and the qualified exam supervisor.

Semester 2

CSC104 Computer Applications 3 credits

This course will allow you to build your computer skills through a combination of reading and hands-on practice. You will navigate popular software tools such as Windows® and Microsoft® Office.

Objectives:

  • Create, edit, and illustrate Microsoft® Word™ documents.
  • Apply formulas and functions to large data sets in Microsoft® Excel.®
  • Incorporate useful charts and graphs to summarize data.
  • Add, delete, sort, and lay out table data.
  • Create presentations in Microsoft® PowerPoint® using advanced tools, tables, and charts.
ENG100 English Composition 3 credits

This course will allow you to polish and enhance your writing skills.

Objectives:

  • Effectively use free writing and brainstorming.
  • Perfect your ability to edit and revise your writing.
  • Apply techniques for getting the reader’s attention.
  • Write descriptive essays, first-person narratives, reflective essays, persuasive essays, and effective thesis statements.
ACC111 Financial Accounting 3 credits

This course provides a basic introduction to the study of finance, including financial institutions, investments, and corporate finance.

Objectives:

  • Solve problems that involve the time value of money.
  • Perform a basic analysis of financial statements.
  • Describe the components of financial assets.
  • Explain the role of a financial intermediary.
  • Describe the role of security markets.
  • List the components of financial decision making.
MKT301 Marketing 3 credits

In this course, you'll learn the Marketing techniques fundamental to the success of any business.

Objectives:

  • Analyze the concept of marketing in a societal and global sense.
  • Learn the four areas of strategy in marketing.
  • Identify the principles of product, price, promotion, and distribution by considering interesting examples of real organizations.
  • Explore how environmental factors affect designing strategies for marketing.
Social Science Elective (Choose one) 3 credits

SSC105 - World Civilizations

This course will allow you to understand the importance of studying history as it relates to the individual and society as a whole.

Objectives:

  • Discuss the major events of the sixteenth through twentieth centuries.
  • Explain the consequences of events and the trends that they cause.

SSC125 - Introduction to Sociology

This course is designed to introduce you to social structure and social interaction through groups, networks, and organizations. Study politics, the economy, population, social movements, technology, and social change.

Objectives:

  • Describe deviance, crime, and social control.
  • Discuss the effects of stratification, racial and ethnic inequality, sex, gender, and sexuality.
  • Examine the role of health, family, education, and religion in human behavior.

SSC130 - Essentials of Psychology

This course will introduce you to the relationship between biology and behavior. You will learn about human development throughout the life span.

Objectives:

  • Identify major psychological theories.
  • Discuss consciousness, memory, thought, and language.
  • Define intelligence, personality, and stress.
  • Analyze the role of gender in psychology.
  • Explain how community influences behavior.
Arts and Humanities Elective (Choose one) 3 credits

HUM104 - Music Appreciation

This course will allow you to understand and appreciate the art of music.

Objectives:

  • Identify the basic principles of music theory, including melody, harmony, dynamics, and timbre.
  • Name the main types of musical instruments.
  • Distinguish various styles of music.
  • Identify influential composers of various periods of musical history.

ENG115 - Introduction to Literature 

This course will allow you to develop your critical thinking skills and broaden your knowledge of literature.

Objectives:

  • Identify themes and forms of literature.
  • Define the main genres of literature—poetry, fiction, and drama.
Proctored Exam

You will be required to complete a proctored exam on selected courses each semester. These assessments will evaluate the knowledge and skills that you learned during the semester. You choose the time, the location, and the qualified exam supervisor.

Semester 3

BUS121 Economics 1 3 credits

This course provides an overview of macroeconomics and the modern market economy. You will learn about economy-wide phenomena such as unemployment, national income, and price levels.

Objectives:

  • Identify the basic function of economics in our society
  • Examine various economic tradeoffs that people face
  • Explain the laws of supply and demand
  • Use the concept of elasticity to explain changes in a market
  • Discuss the pros and cons of trade restrictions
  • Calculate and interpret the unemployment rate and the labor-force participation rate
  • Describe the notion of deadweight loss and its relevance to taxes
  • Draw and interpret short-run and long-run Phillips curves
  • Explain why economists focus on GDP, inflation, and unemployment when assessing economic health
  • Describe how comparative advantage and specialization affect international trade
  • Describe how differences between world prices and domestic prices prompt exports and imports
  • Describe how changes in income affect consumption and saving
ACC112 Managerial Accounting 3 credits

This course provides an introduction to managerial accounting; analysis: C-V-P and management; budgeting and performance evaluation; decentralized operations; differential analysis and product pricing; capital investment analysis, and cost activities.

Objectives:

  • Understand cost classifications as applied to preparing financial statements, predicting cost behavior, and making decisions
  • Understand the flow of cost in job-order costing and use activity-based absorption costing to compute product costs
  • Understand the flow of process costing, computing the cost per equivalent unit using the weighted-average method and FIFO method and allocating department costs using the direct and step-down methods
  • Explain how changes in activity affect contribution margin and net operating income and examine cost-volume-profit relationships, such as margin of safety and break-even points
  • Explain how variable costing differs from absorption costing and prepare income statements using the different approaches as tools for management
  • Understand activity-based costing and how it differs from a traditional costing system
  • Understand budgets, the process used to create budgets, and the preparation of various kinds of budgets
  • Compute and record various variances
  • Understand and compute various performance measurements
  • Prepare differential analysis as a key to decision making
  • Evaluate calculations for capital budgeting decisions
  • Prepare a statement of cash flows using the direct and indirect methods and compute free cash flow
  • Compute and interpret financial ratios Textbook: Managerial Accounting
MAT115 Intermediate Algebra 3 credits

This course introduces basic algebraic concepts that you’ll need to be successful in your career.

Objectives:

  • Understand the systems of equations, polynomials, and radicals.
  • Factor polynomial expressions.
  • Simplify rational expressions.
ENG121 Business and Technical Writing 3 credits

Learn how to write business and technical documents.

Objectives:

  • Organize your material logically and systematically.
  • Use action verbs effectively and construct paragraphs.
  • Conduct research and document sources.
HRM201 Human Resources Management 3 credits

Learn the basics of human resources management and practices.

Objectives:

  • Discover techniques for selecting, placing, assessing, developing, and compensating employees.
  • Examine other HR goals and processes, such as labor relations, employee rights and disciplinary procedures, and high-performance work systems.
Science Elective (Choose one) 3 credits

SCI120 - Introduction to Biology

This course will allow you to explore the origin of life and the relationships among all living things.

Objectives:

  • Explain how organisms are structured and how they work.
  • Discuss the various forms of life and their processes.

SCI140 - Nutrition 

This course will allow you to develop a healthier lifestyle by making smarter nutritional decisions.

Objectives:

  • Explain the various components of nutrition as a science.
  • Describe nutrition from a global viewpoint.
  • Understand the importance of water and exercise.
  • Identify the basics of human growth and aging.
  • Discuss food safety procedures.

SCI110 - Earth Science

This course will allow you to learn about planet Earth and the various aspects of the environment.

Objectives:

  • Describe specific characteristics of Earth.
  • Describe different types of rocks and minerals.
Proctored Exam

You will be required to complete a proctored exam on selected courses each semester. These assessments will evaluate the knowledge and skills that you learned during the semester. You choose the time, the location, and the qualified exam supervisor.

Semester 4

FIN101 Financial Management 3 credits

This course provides a basic introduction to the study of finance, including financial institutions, investments, and corporate finance.

Objectives:

  • Solve problems that involve the time value of money.
  • Perform a basic analysis of financial statements.
  • Describe the components of financial assets.
  • Explain the role of a financial intermediary.
  • Describe the role of security markets.
  • List the components of financial decision making.
BUS213 Business Law 1 3 credits

This course is an introduction to the legal environment of business. Topics covered include American court practice and procedure, alternative dispute resolutions, employment law, business organization and regulation, contract law, and agency relationships.

Objectives:

  • Explain the sources of law.
  • Discuss the judicial process and alternative dispute resolution.
  • Describe different forms of business organization and their characteristics.
  • Explain the elements of contracts and rules pertaining to contracts.
  • Explain the law of agency and laws concerning employment.
BUS340 Organizational Behavior 3 credits

This course provides an overview of management approaches.

Objectives:

  • Learn the process of human decision-making.
  • Study conflict management, communication in groups, power and influence, and organizational environment, structure, and design.
  • Learn about the fundamental forces of change.
MAT210 Business Statistics 3 credits

This course will provide you the opportunity to explore statistics and how they affect business.

Objectives:

  • Interpret and present data.
  • Analyze frequency distribution, averages, dispersion, and index numbers.
  • Conduct time series analysis.
  • Forecast business.
  • Apply the theory of probability and statistical inference.
ENG200 Speech 3 credits

This course provides students with a foundation in the basic concepts of public speaking. Students will learn how to research, organize and write effective speeches, incorporate presentation aids, and rehearse and deliver speeches effectively. Students will prepare, rehearse, record and submit speeches in a number of rhetorical styles to be graded.

Objectives:

  • Demonstrate knowledge of the importance and benefits of public speaking
  • Demonstrate knowledge of communication apprehension, identify the causes of communication apprehension, and apply strategies to overcome communication apprehension
  • Identify the audience for a speech
  • Identify the purpose of a speech, select a topic and write a thesis, plan supporting materials and organize a speech effectively
  • Use research and presentation aids appropriately and effectively
  • Prepare speeches in different rhetorical styles, including narrative, informative and persuasive
  • Identify and develop effective delivery and presentation techniques through practice and rehearsal
Proctored Exam

You will be required to complete a proctored exam on selected courses each semester. These assessments will evaluate the knowledge and skills that you learned during the semester. You choose the time, the location, and the qualified exam supervisor.


Computer Specifications
You will need high-speed internet access to begin your program. You will need access to a Microsoft® Windows® based computer running Windows® 7 or later or an Apple® Mac® computer running OS X® or later, Microsoft® Office 2013, and an email account to complete your program with Penn Foster.

Graduation Requirements

  • Complete all 4 semesters.
  • Pass all courses.
  • Achieve a cumulative Quality Point Average (QPA) of 2.0 or higher.

NOTE: Advanced standing student shipments may vary from the above schedule.
Although this outline covers all four semesters of your program, you receive lesson materials for each semester as you enroll.
We reserve the right to change program content and materials when it becomes necessary.
Credits earned in Penn Foster programs may transfer to some, but not all, learning institutions. If you are planning to continue your education with another school after you earn your degree from Penn Foster, you should check with that school regarding credit transfer policies.
Microsoft, Windows, Excel, and PowerPoint are registered trademarks and Word is a trademark of Microsoft Corporation in the United States of America and/or other jurisdictions.
Apple, Mac, and OS X are trademarks of Apple, Inc. registered in the United States of America and/or other jurisdictions.

Sample Lesson

To view a sample lesson from our Business Management courses, click here.

Business Management Degree Program Details

In the Penn Foster College online Business Management degree program, you'll cover topics such as:

If you would like to learn more about our Business Management degree program, contact an admissions specialist today or enroll now.

Online Business Management Degree

The Business Management Associate Degree Program helps students learn business operations, whether it is planning marketing strategies, organizing a merger, or managing a new project to expand a company. If you’re considering a career in business, here are a few qualities that effective business managers possess:

  • Flexible: You are productive despite changes to your business.
  • Organized: A business has a lot of moving pieces to keep on track.
  • Honest: You must make decisions that are ethical and responsible.
  • Detail oriented: It’s important to have a sharp eye and analyze a situation.

There’s a lot to running your own business. It’s something you should really take classes for. I think this will turn more profit [for my business] because I will be more qualified.  Click here to hear more about Sammi’s Penn Foster experience.

Sammi D., Business Management Bachelor's Degree student

My name is Sawyer G. I am a professional, 25-year-old, adult male. … Penn Foster not only gave me a second chance in life, it lunged me forward into the path of success that I always knew I could obtain. Click here to read Sawyer's inspiring story.

Sawyer G., Undergraduate Certificate in Business Management graduate and Business Management Associate Degree student

Your program includes:

  • Customized payment plans with 0% interest
  • Books and learning aids
  • Goal-setting and progress-tracking tools
  • Instructional support from our experienced faculty
  • Access 24/7 to Penn Foster’s online community, plus immediate membership in the Business Management academic group
  • Your personalized online student homepage and learning portal
  • Additional resources such as our online library and career guidance from Career Cruising

How and when do I choose electives for Business Management?

Electives can be chosen online through the student portal or by calling 1-888-427-1000. As Penn Foster College students work at their own pace, students can choose electives at their leisure.

Do Business Management students have to attend webinars? How do the webinars work?

Yes, there are several webinars for business management students. Students register for webinars through the student portal. More information on webinars can be found on the Community.

Will my Penn Foster College credits transfer to other schools?

Penn Foster College credits have been accepted for transfer into many colleges across the country. Students should check with a specific college to see if they accept our credits, as credit transfer can vary depending on the school. Also, the American Council on Education's College Credit Recommendation Service (ACE CREDIT) has evaluated and recommended college credit for many Penn Foster College courses. No form of accreditation guarantees that any learning institution will accept credits from any school as transfer credits. For more information on transferring credits, click here.

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