Business Management and Law

Duration

Annual

Prerequisites

None required. If you are taking this course as part of the Entrepreneurship Program of Study, Principles of Entrepreneurship should be taken first.

Requirements

Business Management and Law is the second course in the Entrepreneurship program of study in the Marketing, Sales & Service career cluster. This course meets the practical arts requirement for graduation.

Course Summary

Unlock the secrets to success in the corporate world! In Business Management and Law, students will explore key business management concepts, including human relations, sales and marketing, and finances. With a focus on the role of management in small businesses and the government regulations that impact businesses, this course introduces students to the principles of effective business management and the legal considerations and implications that underpin these practices.

MAJOR TOPICS AND CONCEPTS

Topics and Concepts

Segment One

Business ownership
The business cycle
Responsibilities of business owners
Types of manufacturing
Supply and demand
Trade barriers
International markets
Selecting vendors
Maintaining inventory
Minimizing shrinkage and theft
Types of payment
Customer service
Creating a job description
Interviewing potential employees
Hiring and training procedures
Salary and benefits
Positive work habits

Segment Two

Roles and responsibilities of a manager
Obligations of a business owner
Making difficult decisions
Dealing with conflict
Training, promoting, and transferring employees
Supervising employees
Employment termination
Startup and operating costs
Finding funding
Financial management
Basic accounting
Workplace safety
Maintenance records
Government and regulatory agencies
Permitting/licensing
Taxation
Insurance
Contracts and negotiability

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