A minor in business is recommended for students interested in entering the fields of, or continuing their graduate studies in, accounting, business, economics, marketing or management. Knowledge gained will enhance the business side of any career one seeks.

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For students who wish to major in business, WITS offers a BA in Business Administration. WITS also has a pathway option with the University of Baltimore.

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Required Courses:

 

ACC 101        Principles of Accounting I (3 credits)

Introduces basic accounting principles and preparation of financial statements. Focuses on understanding financial journals, ledgers, receivables, payables, inventory valuation, deferrals, accruals, plant assets, and debit/credit system. Explores internal controls, accounting ethics, and methods for evaluating financial information.

Prerequisite(s): None

 

ACC 102        Principles of Accounting II (3 credits)

Extends the application of basic accounting principles to partnership and corporate entities with an emphasis on the structure of corporate financial statements. Provides an overview of managerial accounting and the use of financial information in making decisions. Focuses on cost behavior, budgeting, performance evaluation, and the preparation and analysis of statements of cash flow and other advanced financial documents. Explores uses of technology and various software in the accounting process.

Prerequisite(s): ACC 101 (Principles of Accounting I)

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ECO 112        Microeconomics (3 credits)

Overviews output and price theories of utility and demand, including production analysis and marginal product, and marginal costs, and pricing input factors, such as land, resources, wages, salaries, and the labor market. Also focuses on competition-perfect and imperfect oligopoly, monopoly regulation, and anti-trust policy, government policy and public choice, economic growth, international trade, and elements of risk and applied game theory.

Prerequisite(s): None

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LAW 201        Business Law (3 credits)

Presents a broad introduction to the legal environment of business. Develops a basic understanding of contract law, torts, agency, and government regulation. Focuses on practical issues confronted in the business environment.

Prerequisite(s): None

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MAR 301        Introduction to Marketing (3 credits)

Surveys the general concepts of marketing. Provides the basic knowledge to understand consumer behavior, target markets, web-based marketing, and the “4 P’s” of marketing. Introduces decision-making tools for integrating product, price, distribution, and communication decisions and processes into an organization competing in a global environment. Reinforces the applications of marketing terms to contemporary issues.

Prerequisite(s): None

 

MGT 301        Principles of Management and Organizational Behavior (3 credits)

Provides a comprehensive analysis of individual and group behavior in organizations. Offers an understanding of how organizations can be managed more effectively while enhancing the quality of employees’ work-life. Covers topics including motivation, rewarding behavior, stress, individual and group behavior, conflict, power and politics, leadership, job design, organizational structure, culture, decision making, communication and organizational change and development. Explores international organizational cultures and global perspectives of management.     

Credit given for MGT 301 or PSY 301

Prerequisite(s): None

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Choose one course from the following:

 

ETH 337/JLW 337         Business Ethics and Jewish Law (3 credits)                                  

Studies Jewish law as it relates to the world of commerce and business and its application to modern situations. Focuses on classical halachic literature, including Talmud and related commentaries. Explores the ethical principles that govern conduct in the world of commerce. Emphasis is placed on common ethical questions and the practical application of Jewish moral principles to the business world. May be offered as two courses of 1.5 credit hour each (ETH 337A and ETH 337B).

Credit given for ETH 337 or JLW 337

Prerequisite(s): Completion of 12 credits of Jewish studies or permission of the Executive Dean/Menaheles

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JLW 415/JLW 415           Women in the World (3 credits)

Discusses the areas of Jewish law commonly encountered in the professional world. Examines laws relevant to a Jewish woman in the workplace. Explores the Jewish outlook towards interfacing with the secular world in various circumstances. May be offered as two courses of 1.5 credit hour each (JLW 415A and JLW 415B). Credit given for JLW 415 or JST 415

Prerequisite(s): Completion of 12 credits of Jewish studies or permission of the Executive Dean/Menaheles

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