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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!

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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.
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 outlines the elements of business and the challenges businesses face in a global environment, such as competition and economic factors. You'll learn why accounting, technology and information systems, marketing, and management are essential to starting and growing a business. You'll also learn the basics of managing financial and human resources and the ethical and social responsibilities required of a successful manager.

Objectives:

Identify different elements that distinguish capitalism, socialism, communism, and mixed economies
Define the role of small business in the free enterprise system
Assess elements of the global economy, such as labor, capital, trade, and natural resources, and how they influence business
Analyze the functions of business, such as management, organization, human relations, marketing, financing, and ethics
Identify the purpose of business policy and strategy

Principles of Management (3 credits)

This course familiarizes the student with both the business environment and the manager’s role within it. It covers decision making, planning, organizing, leading, and controlling, as well as developing an ethical perspective.

Objectives:

Summarize the functions of management and the basic steps in various planning processes.
Explain how to make effective decisions as a manager and a leader.
Describe the fundamental elements of an organization’s structure and the components of an organization’s competitive environment.
Explain principles for setting goals that motivate employees, why companies develop control systems, and why teamwork is beneficial.
Analyze why diversity is a critical organizational and managerial issue, and describe the criteria for technology decisions and managing change.

Textbook: M: Management, 6th edition

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 provide you with a foundation in basic mathematical operations, including percentages, discounts, interest, present worth, sinking funds, installment buying, pricing, depreciation, investments, insurance, symbols, and statistics.

Objectives:

Analyze functions of whole numbers, fractions, decimals, and percents.
Show calculations involved in simple interest, compound interest, and time value of money.
Prepare various business math applications involving financial reports, installment buying, and depreciation.
Analyze various financial concepts related to taxes, insurance, financial investments, and basic business statistics.

Additional Course Material:
Textbook: Practical Business Math Procedures

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 teaches the skills and techniques of effectively developing, drafting, and revising college-level essays toward a specific purpose and audience: active reading, prewriting strategies, sentence and paragraph structure, thesis statements, varied patterns of development (e.g., illustration, comparison and contrast, classification), critical reading toward revision of structure and organization, editing for standard written conventions, use and documentation of outside sources. Students submit two prewriting assignments, and three essays (process analysis, classification and division, argumentation).

Objectives:

Use writing skills to construct well-written sentences and active reading skills to understand and analyze text
Develop paragraphs using topic sentences, adequate detail, supporting evidence, and transitions
Describe the revision, editing, and proofreading steps of the writing process
Distinguish between different patterns of development
Use prewriting, drafting, revising, and editing to write a formal, college-level essay
Recognize how to determine the reliability of secondary sources and to give proper credit to sources referenced in an essay
Use prewriting, drafting, revising, and editing to write a formal, college-level essay
Use techniques of drafting, evaluating, and creating a sound written argument

Financial Accounting (3 credits)

This course will provide students with a basic understanding of the principles of financial accounting. Topics covered include analyzing transactions; completing the accounting cycle; merchandising businesses; inventories, assets, and liabilities; and corporations, stocks, bonds, and cash flow.

Objectives:

Solve important accounting principles and concepts by creating four common types of financial statements: balance sheet, income statement, statement of retained earnings, and statement of cash flows
Explain inventory systems, the inventory process, and the role of ethics in accounting
Explain cash and receivables, assets, current liabilities, and debt
Analyze stocks and the statement of cash flows and financial statements that are used to assess the value of a business

Marketing (3 credits)

This course covers the principles of marketing. Topics covered include assessing, analyzing, understanding, and targeting the marketplace, as well as the creation, capture, delivery, and communication of value. Students will learn how to develop a marketing plan, use social and mobile marketing effectively, integrate ethics into marketing strategies, influence the consumer decision process, perform market research, perform SWOT and STP analyses, make decisions concerning branding, packaging, and developing new products, price products and services fairly, set advertising objectives, and more.

Objectives:

Analyze marketing plans, strategies and the aids needed to catalyze it
Analyze the foundation of the marketing model and its emergence
Point out the targeted strategies and plans in marketing and globalization
Formulate a plan of valuing production, innovation, and product marketing
Develop the valuing strategies for products and services in marketing
Categorize the strategies for supply chain management and retailing
Distinguish between the various domains under IMC strategies
Design a marketing plan for an existing business

Textbook: M: Marketing 7th edition

Social Science Elective (3 credits)

(Choose one) ...

SSC105 - World Civilizations

This course serves as an introduction to many of the major events of the fifteenth through twenty-first centuries and examines the causal relationships between events and trends.

Objectives:

Summarize the various causes and consequences of global trade and its conflicting worldwide impact
Report the impact of social and industrial revolutions, fifteenth century onward, on various nations
Analyze the conditions that led to the World Wars, decolonization, and the Cold War
Analyze post–World War II effects on the economic and political structures around the world
Summarize an event that occurred after the fifteenth century and had an impact on a world civilization
Demonstrate a knowledge and understanding of World War II and its effects on the world population

Textbook: A History of World Societies, Volume 2

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

In this course, you'll understand how to appreciate music by learning about the roles of the composer and the listener, the principles of music theory and instrumentation, musically significant historical periods, and varying styles of music.

Objectives:

Identify the building blocks of music a composer can use to create a piece, such as rhythm, melody, harmony, texture, form, and timbre
Explain the evolution of Western music through history, from the Middle Ages to the twenty-first century
Differentiate between the music of the baroque era and the musical styles of previous time periods
Recognize the major characteristics of classical music, including form, melody, and instrumentation
Discuss the musical trends and innovations that occurred during the romantic era
Trace the evolution of American popular music in the twentieth century
Recognize the influence of world music on modern Western composition

Additional Course Material:
Textbook: Experience Music, Fourth Edition

ENG115 - Introduction to Literature

This course will allow you to develop your critical thinking skills and broaden your knowledge of the main genres of literature — fiction, poetry, and drama.

Objectives:

Explain how to effectively read fiction for both knowledge and enjoyment
Identify different styles and forms of poetry
Use what you've learned in this course to discuss, write about, and understand literature
Prepare a critical interpretation of fiction or poetry based on what you've learned in this course
Discuss how literary dramas differ from fiction and poetry
Identify different strategies of critical literary analysis

Proctored Exam

Semester 3

Economics 1 (3 credits)

This course will provide an overview of macroeconomics and the modern market economy. Law of supply and demand, the cost of living, monetary systems, international factors, and short-run economic fluctuations will be examined and discussed.

Objectives:

Explain the economic systems and the economic perspective
Identify the key factors in macroeconomics and how economists study the economy as a whole
Explain the macroeconomic models and fiscal policies
Explain money, banking, and financial policy
Explain extending analysis of aggregate supply, current issues in theory and policy, and international economics
Analyze foreign exchange and investment and the effects each nation’s economy has on another nation’s economy

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:

Analyze the various concepts related to managerial accounting and the cost accounting
Show the different tools of management used for the decision-making process
Identify the various budget analysis processes and the performance measurements for decision making
Analyze the various components of capital budgeting, cash flow statements, and ratio analysis
Solve examples of real-world accounting problems using knowledge of accounting forms and equations

Textbook: Managerial Accounting

Intermediate Algebra (3 credits)

Study basic algebraic concepts. Review the systems of equations, polynomials, and radicals. Learn how to factor polynomial expressions and simplify rational expressions.

Objectives:

Explain basic algebraic concepts
Solve and graph linear equations and inequalities
Analyze relations, functionality, and systems of linear equations
Prepare algebraic operations on polynomial and rational expressions and equations
Solve problems involving radicals and complex numbers

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

Semester 4

Financial Management (3 credits)

This course will introduce students to the world of finance including financial concepts, instruments, and financial decision making. Topics covered include financial assets, investing in long-term assets, capital structure and dividend policy, financial planning, and working capital management.

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, torts, employment law, international law, environmental law, and contract law.

Objectives:

Categorize the various sources of law in the U.S. legal system
Analyze the formations and characteristics of sole proprietorships, partnerships, and the corporation forms of business entities
Point out the various constituents of the contract law
Show the rules of a written contract with the rights and breaching of a contract
Report the contract laws that govern principal-agent relationships, law of agency, and labor-management relationships

Textbook: Business Law with UCC Applications

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:

Describe how to effectively use of the 10 necessary steps to preparing and presenting a public speech
Demonstrate effective delivery and presentation techniques through practice and rehearsal
Show how to effectively organize and present a narrative/personal experience speech
Make effective presentation aids to enhance your public speaking
Produce a speech to inform your audience of a product or service
Prepare a speech to persuade your audience on a topic in which you are personally invested
Demonstrate the key elements of public speaking through a variety of formats and occasions

Proctored Exam

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

A Committed Support System

While you can study independently, you’re not alone! With a dedicated Student Services department, the Student Community, and instructors just a call away, you’ll have access to the support you need.

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.

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? 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.

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.

VIEW SAMPLE LESSON

Computer Specifications

As you know this is an online academic program. This means you will need access to high-speed internet to begin your program. In addition, you will need access to a Microsoft® Windows® based computer running Windows 10® or later or an Apple® Mac® computer running macOS® or later, Microsoft® Office 2019 or Microsoft 365®, and an email account to complete 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 macOS are trademarks of Apple, Inc. registered in the United States of America and/or other jurisdictions.

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