Course Information

Course No:  425118

Course Name:  Business Essentials: Concepts and Tools

Field of Study:    Management Services

Course Description:  

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.

Learning objectives: After completing this section, 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.

Course Material: Online Material

Program level: Overview

Prerequisites: None

Advance preparation: None

Type of delivery method: QAS Self-study

Recommended CPE credits:   8.0

Final examination expiration date:   The program participant will have one year from the date of purchase to complete the course and final examination.