Business and Organization Management, and Accounting

Associate Professor Barbara Wells, Chair, Division of Social Sciences

The Major in Business and Organization Management is designed to give the student a knowledge of the basic principles and analytical tools of organization management and an understanding of the social, economic, and political environments in which organizations operate. This approach makes it possible for the student to consider a range of career fields in the for-profit, not-for-profit, and public sectors. The major also provides the student a foundation for future graduate study.

The Major in Business and Organization Management consists of a minimum of 46 hours in business and related fields. Required courses are Business 201, 215, 305, 344, 351-352, 401, Economics 201, and Sociology 101. The student must also complete one course in economics at the 300-level, and one course from among Political Science 121, 122, 211, 212, and 232. Also required is one course from Mathematics 125, 221 or 222. In addition, each student must complete at least 9 hours chosen from any course listed in business and economics, or could include Social Science 301, Sociology/Psychology 221, English 317, and Sociology 315.

A Major in International Business is also available. Requirements are listed under International Business in this catalog.

The Minor in Business and Organization Management consists of a minimum of 16 hours, including Business 201, 215, and Economics 201. The minor is completed with six additional hours chosen from business or economics courses. The minor is not open to students majoring in International Business.

The Minor in Accounting is designed to supplement a student’s preparation in a major field. It provides additional depth in the field and background for further study. The Minor in Accounting requires completion of 20 credit hours: Business 215, 316, 365, and 341; also required are Economics 201 and one course from Mathematics 125, 221, or 222. Students planning to go to graduate school should select the Mathematics 125 option. To be eligible to take the CPA exam, a person must have 150 college credit hours, including four additional upper level accounting courses beyond what is offered at Maryville College. Superior students interested in accounting who have completed Maryville College degree requirements may be eligible for the 15-month Master of Accountancy program available at the University of Tennessee. Most graduate institutions offer similar programs.

Course Descriptions

201. Principles of Management: 3 credit hours; Prerequisite: Sophomore standing; Study of modern managerial principles and processes relating to business, government, non-profit organizations, churches and schools. Emphasis on the basic management functions of planning, organizing, leading, and evaluating and on the evolution of management theory and practice.
215. Principles of Accounting: 3 credit hours; An introduction to the process of analyzing and recording financial transactions for the purpose of preparing financial statements, cash flow budgets, ratio analysis, and other financial tools. Emphasis on how transactions affect the financial position of the organization.
251. Economic History of the United States: 3 credit hours; Survey of American economic development from colonial times to the present. Special emphasis on the economic development of the South, the industrialization of the American economy, the development of banking and the impact of international trade.
305. Organizational Behavior: 3 credit hours; Prerequisites: Sociology 101 and junior standing; Analysis of complex organizations and bureaucracy. The goals, design, internal structure and environmental relations of organizations. The focus is on the individual, the group and the organization as units of analysis.
316. Management Accounting: 3 credit hours; Prerequisite: Business 215; Internal use of accounting information by managers in decision-making. The generation and use of information in all types of organizations - including non-profits for planning and control purposes, including budgeting and various decision-making circumstances.
329. International Business: 3 credit hours; Prerequisites: Junior standing, Business 201 and 215; An introduction to the fundamental economic, cultural, legal, and political issues involved in transacting business in an international setting. Among topics discussed are government influence on trade, international financial markets, and social issues. May involve readings in the student’s second language.
333. Human Resource Management: 3 credit hours; Prerequisite: Business 201; The acquisition, development, and management of human resources. Applied approaches to the legal, psychological, sociological, and technical dimensions of human resources.
337. Internship in Business and Organization Management: 7 to 15 credit hours; Prerequisites: Junior standing and permission of the Division of Social Sciences Chair; Field experiences that provide practical applications in appropriate work settings. Internships require a time commitment equivalent to full-time employment, with credit allotted on the basis of one credit hour for each week of full-time involvement.
341. Business Law: 3 credit hours; Prerequisite: Junior standing; An introduction to the U.S. legal system involving case studies. Torts, contracts, agency and employment relationships, and commercial papers are considered.
342. Marketing: 3 credit hours; Prerequisite: Junior standing; An examination of individual and organizational activities aimed at facilitating market exchanges. Emphasis is on the mix of marketing variables (product, place, price, and promotion) and how they influence and are influenced by marketing research and market segmentation.
343. Practicum in Business: 2 or 3 credit hours; Prerequisites: Junior standing and permission of the Division of Social Sciences Chair; Practical experience enabling students to apply classroom knowledge in an organizational setting. Open only to business majors. Not to be counted toward a major in business and organization management. One credit hour is associated with each three hours of work every week for a 14-week semester.
344. Principles of Finance: 3 credit hours; Prerequisite: Business 215; Principles of financial management, including ratio analysis, capital budgeting and cost of capital. Includes an introduction to financial markets and the valuation of financial investments.
345. Investment Analysis: 3 credit hours; Prerequisite: Business 344 or permission of instructor; A study of modern theoretical approaches to portfolio development and financial security analysis. The course examines various investment instruments and their role in an investment portfolio. Current investment strategies such as social investing, indexing, and fundamental and technical analysis are evaluated.
346. Management Through Literature: 3 credit hours; Prerequisite: Business 201; A study of managers and management style as depicted in creative literature.
349. Selected Topics in Business: 3 credit hours; Prerequisite: Six hours in management or business; Examination of topics in business. Topics vary depending on interest of faculty and students. Offered as demand warrants.
351-352. Senior Study: 6 credit hours; Prerequisites: FRS 140, English Proficiency Exam, and junior standing; The Senior Study requirement is fulfilled with this two-course sequence. Individual study, with the guidance of a faculty supervisor, that provides experience in independent research and the preparation of a formal paper.
365. Intermediate Accounting: 3 credit hours; Prerequisites: Junior standing and Business 215 and 316; Theory, principles, and procedures related to valuation of assets, liabilities, and equities; measurement of periodic income; and preparation of financial statements.
401. Strategic Management: 3 credit hours; Prerequisites: Senior standing, Business 344 or permission of the instructor; Emphasizes the integration of knowledge through analysis of business and organizational management in business, government, church, school, and other organizations. The case study method is used. Open only to students majoring in Business and Organization Management, Computer Science/Business, or International Business.