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Core Courses
Kirkland University - Seminary
School of Business
MBA Core Requirements: 30 Credits
The following fundamentals of business are taught in every MBA program. Accounting, economics, finance, organizational behavior, marketing, statistics, and operations form the primary business disciplines and skills and are in the expected repertoire for any MBA.
Each candidate for a Masters degree must complete the requirements for a Bachelor's degree plus the following courses.
Accounting: 3 Credits
Name and describe the four financial statements.
Outline the accounting cycle from the occurrence of a new transaction.
Describe the basic concept of a trial balance and explain why it must balance.
Describe what is meant by "the balanced scorecard" concept.
Business Law: 3 Credits
Name and describe 5 different business legal structures.
What is mean by "piercing the corporate veil"?
What are:authorized stock; common stock; and stock options?
Under the concept of agency/tort law, what 3 duties does an employee owe an employer?
Economics: 3 Credits
What is meant by "the business cycle"?
What does the "price elasticity of demand" measure and what are the primary factors that affect
demand?
What is meant by the terms "gross domestic demand" and "consumer price index"?
Entrepreneurship: 3 Credits
In addition to an executive summary, what other sections should a good business plan
include?
Name and describe 6 major components of a business model.
Finance: 3 Credits
Name 3 things that change a shareholder's equity.
What is meant by "cash cycle"?
Define "liquidity" and describe how "current ratio" and "quick ratio" are calculated.
Describe 2 methods of determining "debt valuation".
Define "free cash flow" and how it is calculated.
Describe the elements of "trading costs" with respect to securities.
What is a "10K Report"?
Management: 3 Credits
Describe the 5 stages of developing personal trust within an organization.
Describe "core purpose", "core values" and "visionary goals" of a company mission statement.
Describe the "expectancy theory" of how individuals make decisions.
Describe management consultant Paul B. Thomton's leadership model.
Marketing: 3 Credits
Discuss the strength, weaknesses, opportunities and threat aspects of developing a
strategic business plan.
Define and describe the 4 stages of a product life cycle.
What are the 4 'P"s of marketing?
Define and discuss the 8 formal steps of marketing research.
Operations: 3 Credits
What is the "bullwhip effect" of inventory management and how is it solved?
What is "vendor managed inventory" and what are its advantages?
Explain why businesses occasionally plan excess inventory.
What are the disadvantages of holding a large inventory?
Statistics: 3 Credits
Define mean, median, central tendency, standard deviation and probability.
What is an "outlier" and how does it affect a regression line?
What is the purpose of "cluster analysis"?
What is ''data mining" and its purpose?
Strategy: 3 Credits
Briefly describe the strategic planning process discussed in the text.
Briefly describe the hierarchical levels of the strategic planning process.
Briefly discuss the advantages and disadvantages of vertical integration.
Briefly describe Michael E. Porter's Diamond of National Advantage
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