Introduction: Objectives and Areas of Study

Question 1

The Dynamic Business Environment

Answer 1

Study the nature of business, entrepreneurship and business trends. Learn about the impact of the economy, legal environment, technology, competition and the global market on business.

Question 2

Practicing Social Responsibility and Ethical Behavior in Business

Answer 2

Explore ethics and social responsibility in business.

Question 3

Economics and Business

Answer 3

Examine economics to learn about the circular flow of economic activity, capitalism, the free market, competition, unemployment, gross domestic product and the business cycle.

Question 4

Business in Global Markets

Answer 4

Learn about the importance of global business, strategies for competing in the global market and the impact of culture on business.

Question 5

Forms of Business Ownership

Answer 5

Study the forms of business ownership, included sole proprietorship, partnership and corporation.

Question 6

Entrepreneurship and Small Business

Answer 6

Examine entrepreneurship and small business. Look at management of a small business and how small businesses compete in the global market.

Question 7

Managing and Leading in Business

Answer 7

Find out about management levels, skills and roles. Also look at managerial roles, functions of management and types of planning.

Question 8

Leadership Styles in Business

Answer 8

Take a look at leadership types and styles and how they impact a business.

Question 9

Organizational Management

Answer 9

Learn about organization management, management principles, theories on management and organizational design.

Question 10

Business Production and Operations

Answer 10

Study production and customer satisfaction. Additionally, learn about operations management planning and management information systems.

Question 11

Workplace Productivity & Motivation

Answer 11

Examine motivation theory, behavioral management, the needs theory, the Pygmalion effect, acquired needs theory and equity theory of motivation.

Question 12

Basics of Human Resources

Answer 12

Take a look at human resource management to learn about the hiring process, new employee orientation, training methods and employee compensation.

Question 13

Managing the Employer-Worker Relationship

Answer 13

Learn about organized labor and look at union agreements, collective bargaining, mediation and arbitration.

Question 14

Business Marketing Basics

Answer 14

Find out about marketing, production and sales. Learn about competitive advantage, the marketing mix and marketing research.

Question 15

Product Development and Retailing

Answer 15

Take a look at business products, consumer products and product development. Also, study brand equity, retail segments and product life cycles.

Question 16

Product Distribution & Supply Chain Management

Answer 16

Examine the supply chain, the differences between for profit and non-profit marketing, wholesale, supply chain management and the marketing channel.

Question 17

Pricing Strategy in Marketing

Answer 17

Explore how pricing is determined through looking at personal selling, relationship selling, pricing objectives, price selection and economic impacts.

Question 18

Product Promotion

Answer 18

Study promotion in the marketing mix, consumer awareness, the promotional mix, effects of advertising and public relations.

Question 19

MIS Basics

Answer 19

Learn about information systems, business strategies providing by information systems, internet communication, enterprise software, customer relationship management, data hierarchy and business intelligence.

Question 20

Implications of Information Technology

Answer 20

Find out about information technology and learn about intellectual property, open source software, ergonomics, globalization and computer security.

Question 21

Risk Management

Answer 21

Take a look at risk management through learning about ways to manage it and insurance coverage options.

Question 22

Accounting Basics

Answer 22

Examine accounting to learn about accounting principles, technology, balance sheets, income statements, cash flows, inventory valuation methods and the accounting cycle.

Question 23

Financial Management

Answer 23

Look at the role of financial management, planning and controls. Study financing and equity.

Question 24

Securities Markets

Answer 24

Study securities markets, trading securities, bonds and investment opportunities.

Question 25

Money and Financial Institutions

Answer 25

Study money, including the four basic functions of money, fractional reserve systems, how money is made, money demand and the money market. Also, learn about technology and banking and international banking.