The Business Department seeks to serve students who are preparing to continue their education in Waldorf’s bachelor degree program with an emphasis track in marketing, management, or finance and banking.
The business core consists of BUS 101 and 102 Principles of Accounting and Managerial Accounting; ECO 251 and 252 Macroeconomics and Microeconomics; MTH 110 and 210 Quantitative Methods and Statistics; and CIS 101 and 101A Computer Applications I and Information Systems Seminar. Students must complete these core courses with a grade point average of 2.8 or higher in order to be accepted into the Waldorf business B.A. program.
Upper division courses required of all business majors are BUS 310, 312, 313, 321, 330, 340, 410, 433, REL 435 and completion of an internship.
Courses required for the Management track are BUS 315, 344,and 412.
Courses required for the Finance and Banking track are BUS 420, 422 and 426.
Courses required for the Marketing track are BUS 344, 415, COM 220, COM 225, and 321 or COM 325 may be taken as an alternative to 312.
Courses required for the Management Information Systems track emphasis are BUS 310, 313, 315, 330, 340, 410, 433; CIS 130, 233, 311, 340, 442, and completion of an internship.
A minor in business requires completion of BUS 101, 102, 131, ECO 251 or 252 and CIS 101, plus three of the following courses: BUS 310, 312, 313, 340 or 410.
The bachelor’s degree requires completion of 124 credits, a cumulative grade point average of 2.5 and a grade of 'C' or above in all business core and required courses in the major.
English 101 (3) Religion 103 (3) Computer App I 101 (2) Info Systems Seminar 101 A (1) Introduction to Business 131 (3) Critical Inquiry 111 (3) Total of 15 credits
English 102 (3) Artistic Expression 120 (3) Psychology 111 (3) Statistics 201 (4) Wellness 201 (1) Elective (3) Total of 17 credits
Accounting 101 (4) Economics 251 (3) History Elective (3) Religion Elective (3) Business Communications 330 (3) Total of 16 credits
Accounting 102 (4) Economics 252 (3) Lab Science (4) Math 110 (4) Phy. Ed. Elect. (1) Total of 16 credits
Organizational Theory 321 (4) Consumer Behavior (3) Marketing Mgt. 313 (4) Business Law 410 (3) Total of 14 credits
HR Mgt. (4) Principles of Mgt. (4) Financial Mgt. (4) International Business 340 (3) Total of 15 credits
Humanities. Elective (4) Production Mgt. (4) Internship 491-92 (8) Total of 16 credits
Religion/Career Values 435 (4) Senior Seminar 433 (4) Elective (3) Human Resource Mgt. 412 (4) Total of 15 credits
Organizational Theory 321 (4) Business Law 410 (3) International Business 340 (3) Marketing Mgt.313 (4) Total of 14 credits
Financial Mgt. 312 (4) Principles of Management 310 (4) Electives (8) Total of 16 credits
Money and Banking 420 (3) Financial Statements 422 (4) Internship 491-92 (8) Total of 15 credits
Religion/Career Values 435 (4) Senior Seminar 433 (4) Elective (4) Insurance/Acctg. Systems 426 (4) Total of 16 credits
Marketing Mgt. 310 (4) Business Law 410 (3) Consumer Behavior (3) Visual Communications COM 220 (3) Elective (3) Total of 16 credits
Intro to Public Relations COM 225 (3) Principles of Management 310 (4) Financial Management 312 (4) Elective (4) Total of 15 credits
Organizational Theory 321 (4) or Public Relations Skills COM 325 (3) Religion/Career Values 435 (4) International Business 340 (3) Humanities Electives (5-6) Total of 16 credits
Senior Seminar 433 (4) Marketing Cases 415 (4) Internship (8) Total of 16 credits
Accounting 102 (4) Microeconomics 252 (3) Quantitative Methods 110 (4) Progressive Fundamentals II 233 (4) Phy Ed Elect (1) Total of 16 Credits
Production Management 315 (4) Business Communications 330 (3) International Business 340 (3) IS Theory and Practive 311 (4) Total of 14 Credits
Principles of Management 310 (4) Analysis and Design 340 (4) Lab Science Elective (4) Elective (3-4) Total of 15-16 Credits
Marketing Management 313 (4) Business Law 410 (3) E-Business Strategies 442 (4) Elective (3-4) Total of Credits 14-15
Internship 395 (8) Senior Seminar 433 (4) Religion and Career Values 435 (4) Total of Credits 16
BUS 101 Principles of Accounting (4 cr.) This comprehensive first course in accounting emphasizes the accounting principles essential for a sole proprietorship and develops the various journals, ledgers, and financial statements necessary for business organizations.
BUS 102 Managerial Accounting (4 cr.) A continuation of the first semester. The course takes up the accounting principles essential for a partnership and a corporation. Such advanced topics as the voucher system, accounting for manufacturing, cost accounting, and accounting for departments and branches are developed. (Prerequisite: BUS 101 or consent of instructor.)
BUS 110 Quantitative Methods (4 cr.) Special attention given to applications in business and the social sciences. Topics include matrix algebra, linear programming, mathematics or finance, basic concepts of the calculus with applications. (Same as MTH 110. Prerequisite: MTH 101 or two years of high school algebra.)
BUS 131 Introduction to Business (3 cr.) This course provides a survey of American industrial environment. The emphasis given is on functions, processes, and organizational structure. The primary importance is the point of view of the manager or the administrator.
BUS 210 Business Statistics (3 cr.) This course applies statistical methods to solve business related problems. Topics covered include descriptive statistics, sampling, probability, mathematical expectation and decision making, probability distributions, estimation, hypothesis testing and regression and correlation analysis. (Prerequisite: MTH 201 or equivalent)
BUS 291-292 Independent Study BUS 293-294 Directed Study BUS 295-299 Internship BUS 310 Principles of Management (4 cr.) Study of management theory including organizing, staffing, planning, controlling, line and staff relationships, authority and responsibility, centralization and decentralization and emphasis on the role of the professional manager.
BUS 312 Financial Management (4 cr.) Theory of acquisition, allocation and management of funds within a firm. Focus on capital budgeting strategy, evaluation of corporate capital policies, cost of capital, dividend policy, valuation framework, and sources of long and short-term financing. (Prerequisites: Bus 101 and 102)
BUS 313 Marketing Management (4 cr.) This course is intended to prepare students to manage the marketing function of an organization. Case method is used to analyze marketing management situations in profit-seeking businesses and not-for profit enterprises. Cases address market research, product management, pricing strategies, channels of distribution, promotion, and issues in the management of the sales and marketing organization. Each student prepares a marketing plan for a real-world firm or activity.
BUS 315 Production and Operations Management (4 cr.) This course will survey the operations management functions in manufacturing and service industry firms. An analysis of basic production/operation systems will provide the principles necessary for managing the organization’s productive processes.
BUS 321 Organizational Theory and Behavior (4 cr.) This course presents an overview of managing human behavior within organizations. Topics that will be covered include individual behavior, social behavior, organizational process, organizational structure and environment, and organizational strategies. (Prerequisite: Bus 310 or consent of instructor)
BUS 330 Business Communications (3 cr.) Development of critical communication skills used in business. Informational exchanges include talking, listening, writing and soliciting feedback. Included are organizational as well as interpersonal forms of oral and written communications.
BUS 340 International Business (3 cr.) Concepts and practices of doing business across national boundaries. Students explore opportunities and risks of producing for and buying in international markets. Topics include multinational enterprise, foreign exchange, trade barriers, cultural variety, industrial relations, less developed countries, global and regional cooperation, ethics, and selected contemporary issues.
BUS 344 Consumer Behavior (3 cr.) This course will be an overview of the consumer decision process; analyzing the forces of economic demographics, cultural influences, social stratification, reference groups and family influences of consumer behavior will be covered as well as high and low involvement decision processes.
BUS 395 Business Internship (8 cr.) A semester of supervised internship tailored to the student’s career interests in marketing, finance and banking or management. Will offer hands-on work experience. (Requires admission to upper division.)
BUS 410 Business Law (3 cr.) A first course in law for the business practitioner. Topics include U.S. Constitution and the Uniform Commercial Code, crimes and torts, courts and procedures, contracts, sales, business organizations, agency, government regulation, and property. Major themes include legal research, the international legal environment, ethics, and corporate responsibility. The course concludes with a moot court, in which students play the roles of plaintiff, defendant, counsel, clerk of court, judge, and jury.
BUS 412 Human Resources Management (4 cr.) This course will study the policies, methods, and techniques that professional human resource managers create and implement to increase the effectiveness of the organization. Emphasis will be on leadership and human relation skills. (Prerequisite: Bus 310 or consent of instructor) BUS 415 Marketing Cases (3 cr.) A continuation of the first semester marketing course (BUS 313), Marketing Cases is designed to address issues of market research, pricing strategies, channels of distribution, promotion and strategies for changing markets within the context of real-world cases. The course concludes with student groups critiquing the marketing plan for an existing good or service and presenting their research. (Prerequisite: ECO 251)
BUS 420 Money and Banking (3 cr.) This course will cover the role of financial intermediation, the marketplace, the creation of money and the macroeconomic impact of money supply controls and stabilization policies used by the central bank. Keynesian and classical monetarist approaches to monetary theory will be discussed. (Prerequisite: ECO 251)
BUS 422 Analysis of Financial Statements (4 cr.) This course concentrates on using financial accounting information for decision making. Emphasis will be on analysis of the Income Statement, Balance Sheet, and Statement of Cash Flows. (Prerequisites: BUS 101, 102)
BUS 426 Insurance/Accounting Systems (4 cr.) An introduction to the principles and practices of insurable risks of individuals and business. Analysis of insurance instruments used for minimizing income, property, casualty, health, life, disability and liability risks. Understanding the principles of risk shifting, self insurance and other risk management techniques will be included. (Prerequisite: Bus 101, 102)
BUS 433 Senior Seminar in Business (4 cr.) An intensive study of selected topics in the strategic management of an enterprise. Students integrate their learning from previous course work to analyze comprehensive, complex, track-specific cases involving changes in technological, international, and demographic factors. Student teams develop strategic plans and receive feedback in a sophisticated simulation involving a real-world industry. (Prerequisite: Senior status)
BUS 491-492 Independent Study BUS 493-494 Directed Study