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Program Details

Business Management Course Details

Your four semester Associate Degree in Business Management program consists of courses covering business topics such as business law, economics, corporate finance, and more!

Curriculum Expand All Collapse All

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.

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.
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.
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.
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.
Art Appreciation (3 credits)
In this course, you will gain an understanding of artistic media, historical periods and artistic movements, the roles of the artist and the viewer, and the principles of art criticism.

Objectives:

  • Define the language, visual elements, and principles of design of art
  • Identify two-dimensional media
  • Identify three-dimensional media
  • Explain the evolution of art from ancient Mediterranean cultures through eighteenth century Europe
  • Identify features and popular examples of art throughout the history of African, Asian, Pacific, and American cultures
  • Compare the genres of the Modern and Postmodern eras of art from around the world

Additional Course Material:
Textbook: Living with Art, 11th Edition

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

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.
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.
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.
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 (3 credits)
(Choose one) ...

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 (3 credits)
(Choose one) ...

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

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
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
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.

Additional Course Material:
Textbook: Intermediate Algebra

Business and Technical Writing (3 credits)
This course provides an introduction to the various methods of organizing material for a professional setting. Students will compose business documents using the ABC method. These include memos, emails, outlines, reports and proposals, descriptions, and organizing materials. Students also work on honing their grammar skills.

Objectives:

  • Describe the basics of the writing process and the ABC method of organizing material for a document
  • Identify the parts of speech in a sentence
  • Demonstrate correct pronoun use
  • Choose proper and effective words for writing documents
  • Identify the elements of a well-written sentence
  • Demonstrate how to use length, directness, emphasis, and variety to craft impactful sentences
  • Explain how to construct a coherent paragraph
  • Describe how to write an effective cover letter and resume
  • Format and write an interoffice memorandum, a routine business letter, and an effective email
  • Identify the different ways to write for blogs, the Internet, and social media
  • Describe how to create an organized formal outline
  • Identify the types of research and methods of documentation used in business and technical writing
  • Explain how to create visual interest and clarity in reports with illustrations, tables, graphs, charts, and overall design
  • Explain the purpose and importance of various types of informal reports
  • Describe the nature of formal reports and identify their components
  • Differentiate among external, internal, informal, and formal proposals
  • Describe an object or a process and prepare a set of instructions
  • Describe the preparation and submission of professional and technical articles and manuals
Human Resources Management (3 credits)
This course provides an overview of Human Resources Management (HRM) as it's understood today. It illustrates the dynamic interaction of the personnel functions with each other and with the objectives of an organization.

Objectives:

  • Describe the elements of human resource management, including labor considerations, regulation, and management of workflow
  • Explain how companies should prepare for and implement HRM to hire new employees and create training programs
  • Identify the aspects of employee, career, and turnover management
  • Summarize how employees are paid, including legal requirements, performance-based pay, commissions, salaries, and benefits
  • Describe other HRM functions including collective bargaining, labor relations, global HRM, and building a high-performance organization

Additional Course Materials:
Textbook: Fundamentals of Human Resource Management

Science Elective (3 credits)
(Choose one) ...

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

Financial Management (3 credits)
This course provides a basic introduction to the study of finance, including financial institutions, investments, and corporate finance.

Objectives:

  • Categorize financial management functions and organizational structure
  • Analyze a firm's financial statements, cash flow values, risks, and returns
  • Recommend budgeting policies, planning, structures, and costs for a firm's capital

Additional Course Material:
Textbook: Finance: Applications & Theory

 

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.
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.
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.
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.

Additional Details

Associate Degrees from Penn Foster College are awarded under licensing from the Arizona State Board for Private Postsecondary Education.
The American Council on Education's College Credit Recommendation Service (ACE CREDIT) has evaluated and recommended college credit for many Penn Foster College courses. Students who plan to continue their education with another school after completing coursework at Penn Foster College should check with that school regarding credit transfer policies. No form of accreditation guarantees that any learning institution will accept credits from any school as transfer credits.
Penn Foster College Accreditation & Licensing Details
Penn Foster College has been nationally accredited for over 40 years, and has met the high standards of integrity and performance set by the Distance Education Accrediting Commission (DEAC) in Washington, D.C. Penn Foster College has been thoroughly reviewed and has earned several important accreditations and licensing. We also participate in the National Council for State Authorization Reciprocity Agreements.

Accreditation
DEAC
SARA
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Whether you prefer chat, text, email, or phone, our faculty is here to help you achieve your goals. Penn Foster students also have access to our expert team of Success Coaches to help with budgeting for your education, career guidance, or simply some extra motivation.
Webinars
Over the course of our Business Management Associate Degree program, you will have the opportunity to attend live or recorded webinars to help you better understand your lessons. The live webinars will allow you to ask our instructors questions in real time.
Webinars
Progress Tracking and Goal Setting Tools
Progress Tracking and Goal Setting Tools
Our customizable goal-setting tools will help you create a schedule and stick to it. Need some extra time to complete a lesson or take an exam? Not a problem - you can adjust your study plan at any time to set a pace that works for you.
Student Community
Looking to connect with other Penn Foster students? Our Student Community is the perfect place for you to interact with your peers - as well as Penn Foster faculty and staff - to discuss your online learning experience, congratulate fellow students, and share your Penn Foster experience.
Penn Foster Student Community
Penn Foster Sample Lesson

Sample Business Management Associate Degree Lesson

Penn Foster courses are written in a way that is easy to understand, and materials are broken down into manageable lessons. Take a look at what an Associate Degree in Business Management course would look like.
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Computer Specifications
As you know this is an online academic program. This means you will need high-speed internet access to begin your program. In addition, 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, and an email account to participate in and complete your program.
Access to Microsoft® Office 365 is a requirement for this program.
We reserve the right to change program content and materials when it becomes necessary.
Microsoft and Windows are trademarks of Microsoft Corporation registered 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.
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