2005 - 2006 Business

Program Goals | Program Requirements | Plan of Study | Bachelor of Arts Option | Business Minor

Program Director: To be announced

Faculty: Shannon Bellamy, Kimberly Dodson, Steve Hurlbut, Brian Jorgensen, Melissa Koerner, Ken Meland, Alysse Morton, Nancy Panos Schmitt, Kirk Wessel, Georgia White, Vicki Whiting

Program Goals

The Business major is designed to give students the skills and knowledge necessary to be successful in today's dynamic business environment. Students get exposure to all functional areas of business, preparing them to manage large and small businesses. Students choose an area of specialization to get a greater focused understanding of one functional area in addition to the general preparation. In addition to demonstrating knowledge in their areas of specialization, students majoring in Business:

Understand the context, nature, role, and significance of management activities as undertaken by managers in a range of organizations.
Demonstrate the use of key financial and management accounting techniques to contribute to the effective financial management of business.
Demonstrate strategic and ethical awareness, an understanding of the process of change in organizations, and analyze and evaluate options open to organizations involved in the process of formulating business strategies.
Recognize the various types of business liabilities, their interrelationships, and substantive legal rules in relation to business.
Demonstrate an ability to apply business-specific tools of research, analysis, decision-making and evaluation to a wide range of scenarios, cases, and problems.

Students majoring in Business may opt for a Bachelor of Science in Business degree or, with the completion of an approved minor (see listing below), a Bachelor of Arts degree. The Business curriculum provides students the opportunity to concentrate in a specific area of business or the flexibility to choose electives across a variety of business disciplines. Concentrations are available in accounting, finance, human resource management, information resource management, management, marketing, and general business.

Program Requirements

Students must maintain a minimum 2.3 GPA in business program coursework to be eligible for a Bachelor's degree in Business.

For course prerequisites, please refer to the course description.

Liberal Education Courses	Credit Hours
Business students should take the following courses as part of the liberal education (LE) requirements. These courses must be completed before registering for upper division business courses: ECON 253 Elementary Macroeconomics (LE Group 3) ENGL 110 Composition and Research (LE Skills Requirement) MATH 141 College Algebra (LE Group 10) MATH 150 Elementary Statistics (LE Skills Requirement)	4 4 4 4

Requirement Description		Credit Hours
I.	Foreign Language Requirement	8
	Business majors must complete eight credit hours in one of the following ways: Four credit hours of a foreign language, and either: four credit hours of a Westminster May term/summer international study tour, or four credits of an international study tour transferred from an accredited college or university. Eight credit hours of a single foreign language. See Foreign Language Requirement for equivalencies, AP and CLEP credit policy.
II.	Lower Division Business Courses	24
	MGMT 110 Historical Traditions of Business and Entrepreneurship ACCT 213 Accounting Principles ECON 253 Elementary Macroeconomics ECON 263 Elementary Microeconomics IRM 200 Principles of Information Resource Management MATH 150 Elementary Statistics	4 4 4 4 4 4
III.	Upper Division Business Courses	28
	ACCT 313 Managerial Accounting FINC 307 Corporate Finance MGMT 305 Principles of Management MGMT 325 Business and Employment Law MGMT 485 Strategic Management MKTG 300 Principles of Marketing	4 4 4 4 4 4
IV.	Business Concentrations (Required)	16
	Students must choose a concentration from the following areas: accounting, finance, human resource management, management, management information systems, marketing, or general business. ALL CONCENTRATIONS REQUIRE 16 CREDIT HOURS. Accounting ACCT 350 Intermediate Accounting I (4) ACCT 360 Intermediate Accounting II (4) ACCT Elective from ACCT 374, 412, 441, 454, 474, 484 (4) ECON An additional upper division economics course (4) Finance* FINC 309 Concepts & Applications of Corp. Finance (4) ECON An additional upper division economics course (4) Two electives from FINC 305, 310, 412, 441, 435; ECON 303 (8) Human Resource Management* HRM 410 Human Resource Management (4) ECON An additional upper division economics course (4) Two electives from HRM 430, 412, 441; ECON 420 (8) Information Resource Management* ECON An additional upper division economics course (4) Three electives from IRM 402, 403, 404, 441* (12) Management MGMT 309 Operations Management (4) Two electives from HRM 410; MGMT 412, 433, 441, 460, 474 or other electives approved by advisor (12) Marketing* MKTG 303 Professional Selling (4) MKTG 435 Marketing Research and Planning (4) MKTG Two other marketing electives (8) General Business FINC or ACCT any additional upper division course (4) MGMT or HRM any additional upper division course (4) ECON any additional upper division course (4) MKTG any additional upper division course (4) *Note: 441 may not be used to complete both the Practice/ Experience requirements and the upper division elective requirement.
V.	Practice/Experience Courses	2 - 4
	Any Business Discipline 440* Internship or Any Business Discipline 441* Business Practicum or Any Business Discipline 442* Professional Portfolio *Note to transfers: all internships (440) must be taken at upper division level. For transfer of credit for 441 or 442, please see the Practice Experience Coordinator.	2 - 4 4 2
TOTAL HOURS FOR BUSINESS		74 - 76

Note: All students must complete 124 hours of coursework to graduate, 40 hours of which must be upper division (300 level or above). Students may need to take other courses to complete the college hours requirement.

Please refer to the Undergraduate Degree Requirements section of this catalog for information about restrictions when completing a major and a minor or two majors.

Recommended Plan of Study for Business

In order to complete all major requirements, Business majors should plan to take business courses in the following stages, subject to scheduling and availability constraints, in conjunction with other required courses and electives.

Freshman - Sophomore		Sophomore - Junior
ACCT	213 Accounting Principles	ACCT	313 Managerial Accounting
ECON	253 Elem Macroeconomics	ECON	263 Elem Microeconomics
IRM	200 Princ of Info Res Mgmt	FINC	307 Corporate Finance
MGMT	110 Hist/Trad of Bus & Entrep	MGMT	305 Princ of Management
MATH	141 College Algebra	MGMT	325 Business Law
MATH	150 Statistics	MKTG	300 Princ of Marketing
Foreign Language		Foreign Language

Junior - Senior
440/441/442 Intern/Prac. Reqrmnt
Upper Division Bus. Concentration Req's.
MGMT 485 Strategic Practicum

Bachelor of Arts Options

Students completing the bachelor of arts option must also complete an academic minor from one of the following areas: Anthropology, Art, Communication, Computer Science, Economics, English, Environmental Studies, French, Gender Studies, History, Music, Philosophy, Religion, Physics, Political Science, Psychology, Social Science, Sociology, Spanish, or Theatre Arts. Completion of a minor is required for the B.A. degree. Students who elect to complete a minor may elect to receive either a B.A. or B.S. degree.

Students who complete either a Bachelor of Science or Bachelor of Arts in Business may have the option, based on MBA admission, of completing an accelerated Master of Business Administration degree. A minimum of 36 graduate credit hours are required to complete the program and earn the Master of Business Administration degree in conjunction with the requirements of the B.S. or B.A. in Business program.

Note: Students who wish to participate in the MBA program should plan to take the GMAT and apply for admission to the MBA program during their senior year. Students are encouraged to meet with their program advisor for specific requirements. Information on the MBA program admission requirements is found in the MBA section of this catalog.

Business Minor (for non-business majors only)

Requirement Description		Credit Hours
I.	Required Courses	24
	ACCT 213 Accounting Principles ECON 253 Elementary Macroeconomics, LE ECON 263 Elementary Microeconomics MGMT 110 Historical Traditions of Business and Entrepreneurship MGMT 305 Principles of Management MKTG 300 Principles of Marketing Note: MGMT 110 may not be waived for business minors. Students with a previous AS degree may substitute 4 hours of upper division business coursework in place of MGMT 110.	4 4 4 4 4 4
TOTAL HOURS FOR BUSINESS MINOR		24