Explain the nature of business ethics.
- Business ethics is important to making the general public happy about what happens in the business world (public relations).
- Business Ethics:
- creates a good reputation
- balances the needs of the stakeholders with the needs of the company
- helps the business thrive in the global economy
- helps to retain employees
- keeps the business from being penalized under the law
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Business Administration
- Explain career opportunities in entrepreneurship.
- Explain the rights of workers.
- Explain the employee's role in expense control.
- Explain the nature of overhead costs.
- Describe health and safety regulations in business.
- Describe the marketing functions. 7 Functions of Marketing.
- Explain marketing and its importance in a global economy.
- Explain the role of ethics in human resource management.
- Discuss the nature of human resource management.
- Describe the nature of income statements.
- Explain the nature of balance sheets.
- Describe the nature of cash flow statements.
- Discuss the role of ethics in accounting.
- Explain the concept of accounting.
- Describe concept of insurance.
- Explain types of investments.
- Explain the purposes and importance of credit.
- Explain the concept of leadership.
- Identify desirable personality traits that are important to business.
- Explain the nature of global trade.
- Describe the economic impact of inflation on business.
- Explain the concept of Gross Domestic Product (GDP).
- Discuss the measure of consumer spending as an economic indicator.
- Explain the impact of the law of diminishing returns.
- Analyze the impact of job specialization/division of labor on productivity.