Basic Business Essentials: Concepts and Tools
Field of Study:
Business Management and Organization
This course provides an overview on the basic concepts and tools of business.
Every functional aspect of business is covered. Topics covered are management, organization, human
resource management, purchasing, production/operations, accounting, finance, marketing, quantitative
methods, legal environment, information technology, business ethics, and international business.
After completing this course, you should be able to:
- Recognize attributes of economic systems and resource constraints.
- Recognize the different types of business structures.
- Recognize the concepts and functions of management.
- Differentiate among the types of psychological needs and types of leadership.
- Identify labor goals, labor-management problems, and key labor legislation.
- Recognize key elements of the production process and building requirements.
- Recognize key elements of the purchasing-supplier relationship.
- Identify key selection factors for production facility location.
- Recognize various computer hardware and information systems.
- Recognize the components of financial statements and popular financial analysis ratios.
- Identify methods of data collection, and key business statistics.
- Recognize factors of a financial plan and sources of financing.
- Identify sales and production planning techniques.
- Recognize the scope of the Federal Reserve System in banking practices.
- Identify different stock exchanges, indexes and security market regulation.
- Identify elements of risk and insurance policies.
- Identify functions and costs of marketing.
- Identify the role of the middlemen in the marketing channel.
- Identify advertising strategies and trends.
- Identify attributes of a sales program.
- Identify the concerns and consequences of, and the governmental role, in international business and trade.
- Identify key provisions regarding with business law and ethics.
- Recognize government influences on business.
Type of Delivery Method:
Recommended CPE Credits:
Final examination expiration date:
The program participant will have one year from the date of purchase to complete the course and final examination.
Web CPE is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org