Minor in Business
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.
For students who wish to major in business or accounting, WITS has a pathway option with the University of Baltimore.
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.
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)
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.
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.
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.
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
ETH 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).
Formerly RAB 337 (Jewish Law: Economics and Business Ethics)
Credit given for ETH 337 or JLW 337
Prerequisite(s): Completion of 12 credits of Jewish studies or permission of the Executive Dean/Menaheles
One course from the following is required:
MAT 121 College Algebra (3 credits)
Covers and expands upon topics and skills that were introduced in high school algebra. Includes solving equations and inequalities, systems of equations and inequalities, linear relations and functions, and polynomial and radical equations.
MAT 231 Calculus I (3 credits)
Introduces the study of calculus and reviews of the nature of functions. Includes limits and continuity involving algebraic and trigonometric functions. Covers differentiation of algebraic functions and trigonometric functions and applications of the derivative using techniques of differentiation. Further covers topics of integration, including integration of algebraic functions numerical integration and applications of the integral.
Prerequisite(s): MAT 121 (College Algebra) or equivalent (or high school pre-calculus)
STA 201 Introduction to Statistics (3 credits)
Develops an understanding of statistical methodology and use of critical judgment in analyzing data sets. Includes descriptive statistics, measures of central tendency, introduction to probability, both normal and binomial distributions, hypothesis testing, confidence intervals, linear regression, and correlation. Emphasizes developing the practical skills of interpreting and reporting descriptive and inferential univariate and bivariate statistical information.