2021-2022 Undergraduate Academic Catalog

Business Administration (BUS) BUS-1000 The Business Profession –Fa, Sp 2 hours Provides a broad and comprehensive introduction to the field of business and encourages students to discover their calling to ministry in the marketplace. Includes an introduction to the academic requirements of the program and provides opportunity for practical experience in the field of business. (Fee $25) BUS-2100 Business Communication –Fa, Sp 3 hours Instruction for writing business letters, memos, email, and business reports. Oral business presentations, group collaboration, and the communication process in general are also discussed. Prerequisite: ENG-1400 Composition. BUS-2150 Statistics for Business –Fa, Sp 3 hours An introduction to statistical methods used in business decision making including descriptive statistics, probability, probability distributions, interval estimation, hypothesis tests involving variances, t-tests, Chi-square tests, F-tests, regression models, and time series. Prerequisites: GMTH-1020 College Algebra. BUS-2170 Introduction to Business Analytics –Sp 3 hours This course will expose students to the data analytics practices executed in the business world. Key areas include the analytical process; how data is created, stored, accessed; and how the organization works with data and creates the environment in which analytics can flourish. The course will explore the use of statistical programming languages and packages to perform data analysis. This course also provides a basis for going deeper into advanced investigative and computational methods. Prerequisites: ITM-2100 Database Management ; BUS-2150 Statistics for Business. (even years BUS-2180 Business Law I –Fa, Sp 3 hours Examines the legal environment in which business operates. The course begins by surveying various sources of law and related ethical principles, and the structure and function of the judicial system. The remainder of the course addresses substantive areas of law, typically including torts, contracts, warranty and consumer protection, agency and employment, business entities, antitrust, intellectual property, and environmental law. BUS-3000 The Business Experience –Fa, Sp 1 hour This course is to prepare the business student to transition into the work world upon graduation. Topics and experiences include: résumé writing, interviewing, networking, internships, and business etiquette. (Fee $25). BUS-3150 Operations Analysis –Fa, Sp 3 hours Introduces mathematical methods of decision analysis. Topics include probability, forecasting, decision under uncertainty, decision trees, inventory models, linear programming, and networks. Prerequisites: BUS-2150 Statistics for Business. BUS-3180 Business Law II –Sp 3 hours Continues the study of the legal environment in which business operates, with particular focus on topics covered on the CPA exam. Typical course content includes sales, negotiable instruments, secured transactions, bankruptcy, partnerships, securities regulation, real and personal property, wills and trusts, and insurance. Prerequisite: BUS-2180 Business Law I. BUS-3280 3 hours Integrated Business Core Practicum –Fa Guided by faculty, students will organize and operate a business for the semester and also plan and complete a community service project. Students in this course will apply concepts learned in prerequisite and corequisite courses in establishing a business venture. Prerequisites: MRKT-3600 Principles of Marketing; Corequisites: MGMT-3500 Principles of Organization and Management; FIN-3710 Principles of Finance (corequisite courses taken concurrently as a block). BUS-3400 1–3 hours Independent Study in Business Administration –Fa, Sp, Su Research in problems of accounting, management information systems, general business, economics, finance, management, or marketing. BUS-3410 Topics in Business –Fa, Sp, Su 1–3 hours A variety of courses are covered under this heading on an experimental basis. This allows the department to meet the changing needs of the students without formally adding or dropping courses. (crosslisted with ENTR-3410 Topics in Entrepreneurship; ITM-3410 Topics in Information Technology Management) BUS-3450 Business Internship 3–12 hours A work-study program designed for junior and senior business administration majors to receive a variety of job-related experiences in a business environment. The program is arranged and administered by the department. BUS-3910 International Business –Fa, Sp 3 hours This course is a broad overview of how business is different in a global setting by introducing key concepts, terms, trends, theories and organizations. Each group will put these foundational principles into practice by developing a country analysis and business plan to launch a fast food restaurant into a new country. Additionally, students will consider how to use the principles of Business As Mission (BAM) to achieve spiritual objectives as well as profit. (Fee: $20) BUS-4150 3 hours Advanced Business Analytics and Visualization This course will explore the field of data analytics by covering state-of-the-art modeling, analysis, and visualization techniques. The course will emphasize the importance of understanding the underlying data, validating the data, applying a meaningful analytic to the data, and only then visualizing the data. The course will discuss practical challenges involving complex real-world data and include several case studies and hands-on work with a modern data analysis and visualization package. Crosslisted with ITM. Prerequisiste: BUS-2170 Introduction to Business Analytics. (odd years) BUS-4420 2 hours Business Ethics and Social Responsibility –Fa, Sp Ethics asks questions about what goals one should pursue and what actions are appropriate in attempts to achieve these goals. The course examines alternative frameworks for analyzing difficult situations. Social responsibility refers to business decision making linked to ethical values, compliance with legal requirements, and respect for people, communities, and the environment. Ultimately, the course will deal with how our biblical worldview defines and drives the choices we face in the business world. Open only to seniors in business administration. Must be taken at Cedarville University; transfer or transient credit for this course will generally not be accepted. Economics (ECON) ECON-2110 Essentials of Economics –Fa, Sp 3 hours The course provides an introduction to the essential principles of economics. These principles would include such areas as supply and demand, elasticity, productivity and cost analysis, economic efficiency, national income, the consumer price index, monetary and fiscal policy, business cycles, and economic performance. Course not applicable to any major from the School of Business Administration and also not open to students with credit for ECON-2330 Microeconomics and/or ECON-2340 Macroeconomics. Page 238 2021–22 Undergraduate Academic Catalog Course Descriptions BUS-1000 – ECON-2110 BUSINESS ADMINISTRATION