GENERAL BUSINESS

All business majors gain a strong background in theory and practical applications in a breadth of business disciplines. Business students complete courses in accounting, economics, finance, management, management information systems and marketing. Most students select one major area of emphasis from these disciplines for further concentration.

The FMU School of Business offers students the option of developing a broader major in General business. Rather than taking five or more upper level courses in one area, General Business majors take upper level courses in at least four disciplines and can opt to take as many as three upper level courses in one area. The General Business major is designed to prepare graduates that are ready to step into management training programs in a variety of industries, from financial management to advertising, from manufacturing to hospital administration. Graduates with the General Business degree are also prepared to work for governmental agencies and for graduate school in business and more specialized areas.

B.B.A. with Major in General Business (120 hours)

1. Completion of the B.B.A. Common Requirements – 102 hours

2. One of MKT 333, MKT 334, or MKT 335 – 3 hours

3. One MGT course at the 300- or 400-level (except MGT 351 or MGT 355) – 3 hours

4. One FIN course at the 300- or 400-level (except FIN 341) – 3 hours

5. One of ECON 310 or ECON 320 – 3 hours

6. Two electives from ACTG, ECON, FIN, MGT, MIS, or MKT – 6 hours

Minor in Business (18 hours)

1. BUS 150, ACTG 201, and ECON 203 – 9 hours

2. Three from MIS 327, ECON 310, ECON 325, FIN 301, FIN 341, MGT 351, MKT 331, or MKT 335 – 9 hours

Course Descriptions

150 - Fundamentals of Business

Prerequisite: None
Offered: Fall, Spring, Summer
Credits: 3 hrs.

Introduces the fundamental functions and activities of modern business organizations. Topics include: an overview of the economic system, accounting and record keeping, marketing, management, finance, information systems, legal issues, business ethics, and international business. In addition, careers in business and entrepreneurship are considered.

206 - Legal and Social Environment of Business

Prerequisite: None
Offered: Fall, Spring
Credits: 3 hrs.

Study of the legal environment of business in general with emphasis on ethics, creditor’s rights and bankruptcy, business organizations, government regulations, and the protection of property and other interests.

305 - Applied Statistics for Economics and Business

Prerequisite: MATH 134
Offered: Fall, Spring, Summer
Credits: 3 hrs.

Covers basic probability distributions including binomial, normal, uniform and exponential confidence intervals, tests of hypothesis, chi-square and simple linear regression.

306 - Business Law

Prerequisite: 206
Offered: Spring
Credits: 3 hrs.

In-depth study of the uniform commercial code, contracts, sales, commercial paper, secured transactions, agency, employment, and ethics.

458 - Strategic Management

Prerequisite: MIS 327, MGT 351, MKT 331, FIN 341
Offered: Fall, Spring
Credits: 3 hrs.

The study of how an organization achieves its mission and objectives in an effective and efficient manner in an effort to achieve a competitive advantage. This course will cover the process of strategic management that includes scanning the environment, formulating a strategy, implementing a strategy, and evaluating and controlling the strategy.

475 - Internship in Business

Prerequisite: Full acceptance to B.B.A. Program, 2.5 grade point average overall, in Business, in major; approval by adviser, coordinator, and department chair
Offered: As needed
Credits: 3 hrs.

This is an educational strategy integrating classroom studies with work-based learning related to the student’s academic curriculum and/or career goals. At the work site, students engage in a series of assignments documented in a learning agreement that is subsequently evaluated.

505 - Principles of Financial Management

Prerequisite: Admission to the M.B.A. Program or approval of the Dean of the School of Business
Offered: Summer
Credits: 2 hrs.

An introduction to basic financial tools and techniques used in corporate financial management, including planning, assets management, capital budgeting, capital markets, and international finance. These courses will also be available for seniors from non-business majors. This course, along with other courses listed as Business 501-Business 507, are to be used to satisfy foundation requirements for entrance into the M.B.A. Program.

506 - Principles of Information Systems

Prerequisite: Admission to the M.B.A. program or approval of the Dean of the School of Business
Offered: Summer
Credits: 2 hrs.

Study of the organizational and management issues related to the application of information systems technology into the firm and the management of information systems technology in business organization. These courses will also be available for seniors from non-business majors. This course, along with other courses listed as Business 501-Business 507, are to be used to satisfy foundation requirements for entrance into the M.B.A. Program.

509 - Principles of Marketing

Prerequisite: Admission to M.B.A. program or approval of the Dean of the School of Business
Offered: Summer
Credits: 2 hrs.

An introduction to the core concepts of marketing and its key role in development and implementation of business strategy and tactics. These courses will also be available for seniors from non-business majors.

605 - Business Tools for the MBA

Prerequisite: Admission to M.B.A. program or approval of the Dean of the School of Business
Offered: Summer
Credits: 3 hrs.

This course will provide the fundamental knowledge necessary to enter the MBA curriculum. Subject matter includes foundational accounting, applied statistics, finance, and business software applications.