University of Maine at Farmington 2014-2015 Catalog
 
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Business
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  BUS 101S - Business and Society

This course assumes businesses are allowed to exist and operate by society, which gives them social legitimacy, and focuses on the social and ethical responsibilities that organizations and the people that own and manage them have in return to society. The course reviews the impacts that businesses have on stakeholders from a management perspective, and how these issues have to be strategically and operationally managed by such organizations. Topics covered include personal and business ethics, the role of governments and technology, crisis management, and the impacts on consumers, employees, the environment and the community. The course also reviews the assessment of corporate social performance and reporting thereon. Prerequisite(s): No prerequisites for this course, but this course will be a prerequisite for a Business Economics Major. Every year. 



Credit: 4

  BUS 130 - Introduction to Recreation

This course provides an introduction to recreation. It will focus on outdoor recreation, both commercial and community-based, related travel, tourism and hospitality components, as well as recreation programming. In addition to addressing the need for recreation for all people throughout the life cycle, it will examine the initiation and management of a recreation business, including start-up strategies, feasibility studies, financing sources, financial and strategic management, marketing and operations management. This course does not count as a Business elective for the Business-Economics Program. Students taking this course may not receive credit for REC 130.  Prerequisite(s): None.



Credit: 4

  BUS 206 - Financial Planning

This course examines and analyzes many of the spending, saving and borrowing decisions which dramatically impact the lives of most individuals: planning personal finances, credit management, evaluating mortgages and other loans, leasing decisions, insurance management, personal investments, retirement and estate planning. Prerequisite(s): None. Every three years.



Credit: 4

  BUS 208 - Accounting Principles

In this course we examine various aspects of managerial and financial accounting including fundamental accounting relationships and analyses of the primary financial statements (balance sheet, income statement and statement of cash flows). Also including planning, control, cost analysis and the use of managerial accounting information in decision-making. The course adopts a user perspective with an emphasis on using and understanding published financial statements, as well as internal business information for managerial decision making. Every year.



Credit: 4

  BUS 210 - Principles of Management

The principles, skills, and tools of management: planning, organizing, directing and controlling the activities of the administrative unit. Human and technical sides of work are examined through a behavioral analysis and a survey of analytical decision making techniques. The theory and application related to management in the global business environment and topics, including strategic planning, organization structure and design, motivation, nature of leadership, and entrepreneurship are studied and analyzed throughout the course. Prerequisite(s): Sophomore standing. Every year.



Credit: 4

  BUS 211 - Introduction to Federal Taxation / Individuals

This course provides the student with an understanding of the provisions of the Internal Revenue Code pertaining to the income taxation of individuals. There is an emphasis on the preparation of individual income tax returns. Prerequisite(s): Permission of Instructor. Every three years.



Credit: 2

  BUS 212 - Application of Federal Taxation / Individuals

This course extends the foundations of BUS211 with respect to the preparation of individual income tax returns. There is an emphasis on understanding relevant sections of the Taxation Code for problem solving, decision making and financial planning. The course includes a significant service learning component linked to the VITA program. Prerequisite(s): BUS211 or permission of instructor (which will include current IRS certification). Every three years.



Credit: 2

  BUS 220 - Principles of Marketing

Introductory, primarily business oriented, micro-marketing analysis. The marketing concept is studied through analysis of the four P's (product, price, place, and promotion) as the controllable variables marketing managers blend into a marketing mix to satisfy a particular target market.  It includes an analysis of the marketing, marketing systems, and organization of marketing efforts. This course captures the essence of the role of marketing in consumer needs and marketing activities. Prerequisite(s): Sophomore standing. Every year.



Credit: 4

  BUS 225 - Retail Operations

This course will help students understand the nature and function of retailing by considering customer service, analysis of retail markets and the process of managing the retail mix. Pertinent management issues including retail facilities (location and layout), advertising and promotion, retail finance and pricing, the buying function, and managing, developing, and leading employees. Every two years. 



Credit: 4

  BUS 240 - Financial Management for Recreation Tourism

This course will serve to help students understand the nature and functioning of financial management.  It will introduce the students to the principles of financial reporting, profitability analysis, and financial management, including but not limited to an introduction to raising capital, time value of money, working capital management and capital budgeting. This course cannot be used as a Business elective for the Business-Economics program. Prerequisite(s): None. Every year.



Credit: 4

  BUS 250 - Business Applications of Technology

Our fast-paced, technology-driven world requires that organizational leaders and managers be able to apply a portfolio of relevant technology skills. The objective of this course is to enable students to become more competitive in this environment, by becoming proficient in the use of software-based tools and techniques for structuring, analyzing, manipulating and communicating data and information. These tools include spreadsheets as well as other commonly used business-related software. Prerequisite(s): Business-related major or permission of instructor. Every other year.



Credit: 4

  BUS 270 - Business Information Systems

This course will provide the student with a basic understanding of the content of information systems, the types of information systems and the current roles of information systems in businesses. The course will also examine how these systems provide opportunities and impact on the business success.  It will provide an overview of the tools, techniques and frameworks used to build information systems and the technologies to support such systems. This particular course will emphasize the use of information systems in accounting, management, marketing, finance and administration to provide information for that business needs. Every two years.



Credit: 4

  BUS 277 - Special Topics in Business

The study of a specialized topic not offered in the usual curriculum. Varies. 



Credit: 2-4

  BUS 303 - Business Law

Survey of the development and function of common law, judicial procedure, criminal law, torts, and contracts as applied to business transactions. Topics analyzed include contracts, agency and employment, personal property and bailments, and U.C.C. Article 2. Emphasis on developing the critical capacity to recognize potential legal problems and on the necessity of obtaining competent professional legal advice. Prerequisite(s): Junior standing or permission of instructor. Every year.



Credit: 4

  BUS 310 - Human Resources Management

Human resources management presented as an integrated set of activities: developing human resource planning, job description and analysis, labor management relations, compensation, performance appraisal, training and career development. A comprehensive review of global competitive advantage in relation to the work environment is provided to develop the skills necessary for human resources management. Prerequisite(s): BUS 210 and junior standing, or permission of instructor. Every three years.  



Credit: 4

  BUS 311 - Management and Organizational Behavior

A seminar course of advanced study of the field of management with application made to the concepts of individual, group and organizational behavior. Students will analyze individual differences, group dynamics, and factors that affect motivation, productivity, organizational structure and design, strategic management, leadership, and organizational culture. Current problems and issues in organization of behavior are studied including cross-cultural differences. Prerequisites(s): BUS 210 and junior standing or permission of instructor. Every three years.



Credit: 4

  BUS 315 - Human Resource Development

The development of human resources is critical to an organization's ability to gain a competitive advantage in the modern business environment.  The purpose of this course is to introduce students to the key concepts and skills necessary to analyze and deliver human resource development in an organization.  In particular, students will learn how to identify human resource development needs and develop developmental objectives; design and implement effective development programs; evaluate developmental programs.



Credit: 4

  BUS 320 - Consumer Behavior

Explores consumer behavior as a subset of aggregate human behavior. Specifically concerned with the study of consumer behavior from different perspectives, such as economic, psychological, sociological, and cultural; also examines current integrated models of consumer behavior and their implications for marketing. Also this course explores factors such as personality, small groups, demographics, social class, and culture on the formation of consumer attitudes and purchasing behavior. Prerequisite(s): BUS 220 and junior standing, or permission of instructor. ECO 101S and ECO 102S recommended. Even year.



Credit: 4

  BUS 335 - International Business

Focuses on business activities that cross national boundaries, including exports and imports, traditional internal trade discussions as well as foreign direct investment, international banking, international transfer of technology, global business strategy, and the study of economics, politics and cultures as important aspects of multinational business. Prerequisite(s): BUS 210 and BUS 220 and ECO 101S or ECO 102S or permission of instructor. Every year.



Credit: 4

  BUS 336 - International Management

This is an intermediate level course that provides a broad approach to the field of international management. The focus is on the functional areas of business management as affected by international and multinational operations and on the environment in which international firms operate with regard to their management philosophy. Prerequisite(s): BUS 210 and ECO 101S or ECO 102S, or permission of instructor. Every three years.



Credit: 4

  BUS 337 - International Marketing

An intermediate course of institutions, functions, policies, and practices in international markets. Global, multinational aspects of business enterprises and their effects on marketing problems and management are analyzed. Choice of entry strategies for international markets, analysis of international competition at home and abroad and the development of global marketing strategies are addressed as well. Prerequisite(s): BUS 220 and ECO 101S or ECO 102S, or permission of instructor. Every three years.               



Credit: 4

  BUS 340 - Managerial Finance

An intermediate applications-oriented course analyzing the environment and mechanics of finance and financial decision making. Emphasis is placed upon: financial statement analysis, ratio analysis, the linkage between pro forma forecasting, break-even analysis and leverage (operational and financial), working capital management (current asset management), and introduction to long-term investment decision making. Prerequisite(s): BUS 208 and ECO 101S and ECO 102S. Every year.



Credit: 4

  BUS 345 - Investment Management

The course aims to provide the student with a theoretical background to investments, covering financial markets, portfolio theory, financial analysis, equity and fixed income valuation, risk and return, and performance evaluation. The course will focus on strategies for planning, analysis, asset selection, implementation and ongoing monitoring to meet the investment goals of individual and institutional investors. Prerequisite(s): Junior Standing or permission of instructor. Every three years.



Credit: 4

  BUS 350 - Social Marketing

Social marketing adapts business marketing practices to organizations and programs dealing with social issues. Its purpose is to create awareness of social issues and influence the behavior of target audiences in order to improve their personal welfare and/or that of society as a whole. Prerequisite(s): Junior standing or permission of instructor. Every two year.



Credit: 4

  BUS 360 - Entrepreneurship

This course examines the entrepreneurial process, the development and analysis of new business ventures. Prerequisite(s): Junior standing. Even year. 



Credit: 4

  BUS 362 - Social Entrepreneurship

Social entrepreneurs use business skills to create positive change in the nonprofit sector. They develop innovative solutions in order to leverage scarce resources to advance the organization's social mission and to create social value. In this course students will learn to: identify and analyze market opportunities and to relate these to the organization's social mission; assess and manage risk in a nonprofit context; assess organizational resources; and develop a business plan. Prerequisite(s): Junior standing. Every three years. 



Credit: 4

  BUS 377 - Special Topics in Business

Courses offered under this heading are offered as special circumstances allow. Subjects and focus will vary according to the interests and expertise of the instructor. Prerequisite(s): 16 hours in business plus junior or senior standing; further prerequisites at discretion of instructor. Variable.



Credit: 4

  BUS 396 - Internship in Business

The internship experience requires the application of prior academic Business Economics course work. Proposals should be developed in consultation with a faculty member and submitted in writing to the Chairperson of the Division of Social Science, Business, and Global Studies for approval prior to registration. Upon the conclusion of the internship, the student must submit a comprehensive report on the experience to the supervising faculty member. Students must enroll for a minimum of 4 credits, but no student is permitted to enroll for more than sixteen credits in BUS 396. The maximum credits also applies to multiple or repeat registrations which are allowed. For example no student may thus enroll for more than four 4 credit internships. Credits will be allowed on the basis of 32 hours of field work per credit. Prerequisite(s): Junior standing and divisional permission only. (Pass/Fail option.) Variable.



Credit: 4-16

  BUS 397 - Independent Study in Business

Students pursue particular topics of joint faculty/student interest. Prerequisite(s): Written permission of the instructor at preregistration and a written course proposal during the first week of classes. (Pass/Fail option) Varies. 



Credit: 4

  BUS 477 - Special Topics in Business

The study of a specialized topic not offered in the usual curriculum. Varies. 



Credit: 2-4

  BUS 480 - Service Operations Analysis, Design and Management

This course deals with the design, analysis and management of a firm’s service operations. It examines critical competitive and strategic issues as well as the design and analysis of a firm’s service operations including its service scape, service processes and management of its service providers. Prerequisite(s): Senior standing in Business Economics or other administration program, including completion of junior level program requirements, or permission of instructor. Every year. (usually spring semester)



Credit: 4

  BUS 491 - Strategic Management

This is a "capstone" course synthesizing the theoretical and practical knowledge acquired in previous course work: it entails case analysis of the processes of strategic policy formulation and implementation. Intended as one of the last courses to be completed in the Business Economics major. Prerequisite(s): Senior standing in Business Economics or related administration program. Every year.



Credit: 4

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