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Business

Business

FOR INFORMATION Contact
G. Jerry van Rossum, M.A., M.B.A.
Madame Cadillac Building‚ Room 316
Direct: (313) 927-1218
E-mail: This email address is being protected from spambots. You need JavaScript enabled to view it.

PROGRAMS OFFERED
Bachelor of Arts, Business Major (B.A.)
(with concentrations in accounting‚ financial planning, general business, management and marketing
Bachelor of Business Administration (B.B.A.)

Business minor
Associate of Arts, Accounting or
General Business (A.A.)
Post-degree Certificate

FACULTY
G. Jerry van Rossum, M.A., M.B.A.
Theodora P. Williams, M.S.I.S. (ADD)

Professor Emeritae
Jane Hammang-Buhl, M.B.A.
Ann Gabriel Kilsdonk, IHM, Ph.D.

Business Overview

POTENTIAL CAREERS
Benefits Specialist • Certified Public Accountant • Entrepreneur • Human Resource Manager • Internal Revenue Agent • Management Accountant • Health Science Management • Market Researcher • Organizational Trainer • Project Manager • Sales Representative

The current demand for business graduates is unlimited, particularly for women in careers such as marketing, management and finance. Marygrove graduates serving as certified public accountants, internal revenue agents, controllers, human resource managers, accountants and sales representatives tell us that strong analytical, communication and mathematics skills are the best foundation for business majors who want to progress rapidly in their careers. Marygrove can prepare you for the global emphasis in business. A major in Business with fluency in a foreign language (see Interdisciplinary Studies: Language and Business) can give you a competitive edge in your job search.

GENERAL INFORMATION
The Department of Business offers undergraduate programs for students interested in careers in business, commerce, industry, finance, as well as not-for-profit enterprises such as health care, social services, educational institutions and government agencies.

As a student in the business department, you may select from five areas of concentration-accounting, financial planning, general business, management and marketing. Whatever your choice of degree or program, you will take courses that are professionally oriented and academically rooted in the liberal arts. And your course work will be theoretical, practical, comprehensive, and specialized.

SPECIFIC INFORMATION
The Bachelor of Arts degree program with a major in business is designed for students who want to take traditional business classes as their major course of study. These students combine 36 credit hours of business courses with a minor from an area outside of business, such as psychology, art, computer information systems‚ foreign language‚ or political science. You may concentrate in accounting, financial planning, general business, management, or marketing.

The Bachelor of Business Administration degree is a highly concentrated program requiring a minimum of 58 credit hours in business and accounting courses. As a student in the B.B.A. program, you will not be required to select a minor. If you choose to pursue a career in public accounting, the B.B.A. degree program is particularly suited for you. The curriculum offers the course work you need to prepare for C.P.A. licensing.

The minor in business can provide you with knowledge and skills to complement your major area of study. Also, it expands your career options after graduation. This broad-based minor consists of 24 credit hours in business and accounting.

The Associate of Arts degree program provides a broad introduction to business. As a student in this program, you will have an opportunity to complete two years of college in preparation for an entry-level business position. If you earn an associate’s degree, you may continue your college education by applying your credits toward a bachelor’s degree with a major or minor in business.

The Post-degree certificate in business is designed for students with a bachelor’s degree in a field other than business who are interested in attaining the basic skills offered in a business curriculum. To receive a Certificate of Completion, you will need to complete a 20-credit hour program.

SPECIAL ELEMENTS OF THE PROGRAM
Program Scheduling
The courses in the Business Department are offered to both day and night students. Occasionally, especially in upper-level courses, a student might have to enroll in a night or Saturday course. Part-time night students (6-8 hours) may expect to graduate in 2-8 years, depending on transfer credits, general education requirements, and summer school attendance. Some of the business courses are offerend in on-line format; others may be offered as blended classes (denoted as Hybrid courses).

Transfer Students
The business department generally accepts transfer credits from accredited institutions of higher education. Business majors‚ however‚ must earn a minimum of 15 credit hours in business at Marygrove. The head of the department will determine other required courses.

Advance Placement and College Level Examination Program (AP/CLEP)
Students completing AdvancePlacement Examinations (AP) with grades three or higher will be granted credit.

Academic Performance
Only courses with a grade of C- or better can be applied to fulfill the business core, the area of concentration and the related discipline requirements of a major in business and/ or the B.B.A. degree. Only courses with a grade of C- or better may fulfill requirements of a minor in business.

Awards
The Business Department presents an award to the outstanding graduating senior with a business major.

Post-degree Certificate, Second Major, and second degree Programs. If you have completed a bachelor’s degree, you may enroll as a post-degree student and take course work in business toward a certificate, and/or complete requirements for a major in business.

If you have earned other than a Bachelor of Arts degree at Marygrove or another accredited institution, you may qualify for a second bachelor’s degree with a major in business. You will need to complete a minimum of 30 credit hours beyond the first degree‚ and fulfill all current general education, related discipline, and business core and concentration requirements. Specific requirements will be determined in consultation with the head of the business department.

Consortium
Opportunities for additional courses not offered at Marygrove can be arranged through the Catholic Colleges Consortium, including the University of Detroit Mercy or Madonna University, or the OCICU Consortium, which specializes in online courses.

Business Course Descriptions

BUS 173 Introduction to Business 3 hours
Prerequisites: MTH 099; Term: 1, 2
Survey stressing basic business concepts and functions-the market economy, forms of business organizations in our society, the role of management and labor, capitalization and finance, production, marketing and the organizational structure.

BUS 266 Principles of Organization and Management 3 hours
Prerequisites: BUS 173; Term: 2
Hybrid format
Elements of the managerial processes fundamental to the operation of various organizations. Includes application of principles to a business enterprise stressing systems thinking, problem-solving, profit and ethics.

BUS 302 Principles of Marketing 3 hours
Prerequisites: BUS173, ECN 200; Term: 1
In-depth study of market analysis, product development, placement and distribution, pricing and promotion functions.

BUS 304 Business Law I 3 hours
Prerequisites: BUS 173; Term: 1
Survey of our legal systems, basic law of contracts, personal property, real property and sales.

BUS 307 Finance 4 hours
Prerequisites: ACC 234, ECN 200‚ ECN 203; Term: 2
Study of the basic theoretical framework for decision-making in financial management. Includes financial planning, fund requirements and sources, and fundamentals of capital budgeting. Cross-listed with ECN 307.

BUS 308 Business and Professional Writing 3 hours
Prerequisites: ENG 108, several courses in the student’s major field; Fee: yes. Term: 1
Underlying principles and techniques for effective communications in business and professional settings. Empha­sis on audience analysis, as well as purpose and organization of various types of letters, reports and memoranda. Writing-intensive course. Cross-listed with ENG 308.

BUS 310 Financial Investment Strategy 3 hours
Prerequisites: ACC 234, ECN 200; Term: 1
Security markets and how they function. Includes interpreting market changes, capital building through stock investments, factors influencing stock market prices, bond investment techniques, sources of investment informa­tion, strategies and theories of investing.

BUS 314 Business Law II  3 hours
Prerequisite: BUS 304; Term: 2
Basic law of commercial paper, creditors’ rights, agency, partnerships and corporations.

BUS 322 Consumer Behavior 3 hours
Prerequisites: BUS 302, PSY 205. Offered alternate yearsStudy of consumer motivation, decision-making and information processing. Influences of social institutions and culture on consumer behavior are included.

BUS 320 Ecommerce 3 hours
Offered alternate years. Blended online
This course is designed to familiariz individuals with current and emerging electronic commerce technologies using the Internet. Topics include: Internet technology for business advantage, managing electronic commerce funds transfer, reinventing the future of business through electronic commerce, business opportunities in electronic commerce, electronic commerce website design, social, political and ethical issues associated with electronic commerce, and business plans for technology ventures. The purpose of this course is to educate a new generation of managers, planners, analysts, and programmers of the realities and potential for electronic commerce.

BUS 323 Human Resource Management 3 hours
Prerequisites: BUS 266; Term: 1 Online formatStudy of personnel functions-staffing, development, employee benefits, organization behavior, wage and salary administration, and performance appraisal.

BUS 332 Sales Management Strategies 3 hours
Prerequisite: BUS 302; Term: 2; Offered alternate years
Examines the development of sales strategies. Topics include market assessment, effective sales presentations and making the close. Students will make actual sales presentations.

BUS 333  Entrepreneurship 3 hours
Prerequisites: BUS 266, ACC 224; Term: 1; Offered alternate years
Integrative course focusing on the management of a small business enterprise. Organizational, financial, managerial and legal aspects are explored. Specific areas will be related to the starting and operating of a small business.

BUS 342  International Marketing 3 hours
Prerequisites: BUS 302; Term: 2; Offered alternate years
In-depth examination of the global business environment including foundations in multicultural understanding, political environments, international legal issues, the NAFTA and EU, and how these impact global marketing.

BUS 368 Quality Management Principles 3 hours
Prerequisites: BUS 266; Offered alternate years
This course explores the principles of Total Quality: customer focus, participation and teamwork, continuous improvement and learning. It focuses on the development of quality processes and systems through the tools of information gathering and analysis, benchmarking, supplier partnership, the Baldridge Award, and ISO9000. It covers issues in business services as well as products.

BUS 382 Business and Professional Ethics 3 hours
Prerequisites: PHL 126, BUS 266; Term: 1: Offered alternate years
Descriptive survey of ethical theories and perspectives to all professions. Reflection on contemporary ethical approaches through case studies and selected readings. Analysis of some major dilemmas in business and other professions.

BUS 384 Consumer Money Management  3 hours
Prerequisites: ECN200 or ECN202; Term: 2; May be offered alternate years
Principles of management applied to the financial needs and resources of the individual and family. Emphasis on financial planning, income distribution, consumer financial services and protection, use of credit, insurance and investments.

BUS 385 Business Application Using Excel 3 hours
Prerequisites: BUS 173, or permission of instructor; May be offered alternate years
Explores advanced techniques in Business and Accounting applications using Excel software. Students are exposed to practical examples suitable for professional purposes and personal use. Uses an exercise-oriented approach that allows learning by doing. Cross-listed with ACC 385. Course will be offered pending approval by the Curriculum Review Committee.

BUS 388 Cooperative Field Experience 1-3 hours
Prerequisites: 24 credit hours in business; junior standing; 3.0 GPA; department approval; Term: 1, 2, summer
Supervised work experience in activity related to area of specialization, planned in consultation with academic advisor, co-op supervisor and employer. Recording, reporting and evaluation of experience will be required.

BUS 423 Collective Bargaining and Labor Relations 3 hours
Prerequisites: BUS 266; senior status or permission of instructor; Term: 2; Offered alternate years
Study of the employer/union relationship and of the processes developed to implement that relationship. Includes union organizing, negotiation and administration of the collective bargaining agreement, the grievance system, and the structure of labor unions.

BUS 488  Cooperative Field Experience 1-3 hours
Prerequisites: Senior standing, 27 credit hours in business, department approval, 3.0 GPA; Term: 1, 2
Supervised work experience in activity related to area of specialization, planned in consultation with academic advisor, co-op supervisor and employer. Recording, reporting and evaluation of experience will be required.

BUS 491 Independent Study 1-4 hours
Prerequisites: Senior standing; departmental approval; permission of study director; Term: 1, 2
Study of a topic or creative work extending beyond the opportunities offered in scheduled courses.

BUS 492 Special Topics 1-3 hours
Prerequisites: Senior standing; departmental approval; permission of instructor; Term: 1, 2; Online Format
Focused study on a current topic that extends beyond courses typically offered in scheduled courses. Specific topic determined each year.

BUS 496A Senior Research Seminar: Current Problems and Issues in Business 3 hours
Prerequisites: ENG 312, BUS 308; senior standing; Term: 1
Study of contemporary issues in business. Specific topics and scope determined each year. Oral and written presentations.

BUS 496B Senior Research Seminar: Diversity in Management 3 hours
Prerequisites: ENG 312, BUS 308; senior standing; Term: 2
Examination of current research on the changing status of multicultural management in business, and development of management competencies critical to success in twenty-first century organizations. Oral and written presentations.

Bachelor of Arts, Business Major (B.A.)

The requirements for a Bachelor of Arts degree with a business major are a minimum of 36 credit hours in BUS/ACC and completion of the following components:

A. General Education Requirements
See the GENERAL EDUCATION section of this catalog.

B. Related Discipline Requirements
6 hours in computer-related courses
ECN 200     Introductory Macroeconomics
ECN 203     Introductory Microeconomics
ECN 305     Introductory Statistics for the Behavioral Sciences

C. Required Business Core Courses
BUS 173     Introduction to Business
ACC 224     Principles of Accounting I
ACC 234     Principles of Accounting II
BUS 266     Principles of Organization and Management
BUS 302     Principles of Marketing
BUS 304     Business Law I
BUS 307     Finance
BUS 308     Business and Professional Writing
BUS 314     Business Law II

Choose either one of the following courses. The course selected should be taken in the senior year:

BUS 496A   Senior Research Seminar: Current Issues
BUS 496B   Senior Research Seminar: Diversity in Management

D. Area of Concentration
Students completing a business major may concen­trate in a specific area by selecting at least nine hours from one of the following areas. If you elect not to concentrate in one area, you may pursue an approved individualized program in general business while completing the 36 credit hour business major require­ments.

Accounting
ACC 324     Intermediate Accounting I
ACC 334     Managerial Accounting
ACC 344     Intermediate Accounting II
ACC 354     Federal Income Tax Accounting
ACC 444     Accounting Information Systems
ACC 451     Auditing

Students seeking certification as a public accountant must qualify under the criteria adopted by the State Board of Accountancy. The criteria are available in the business department.

General Business
BUS 310     Financial Investment Strategy
BUS 320     Ecommerce
BUS 322     Consumer Behavior
BUS 333     Entrepreneurship

Financial Planning
ACC 354     Federal Income Tax Accounting
BUS 310     Financial Investment Strategy
BUS 312     Insurance and Risk Management
BUS 384     Consumer Money Management

Management
BUS 323     Human Resource Management
BUS 368     Quality Management Principles
BUS 423     Collective Bargaining and Labor Relations
BUS 496B   Senior Research Seminar: Diversity in Management

Marketing
BUS 322     Consumer Behavior
BUS 332     Sales Management Strategies
BUS 342     International Marketing

E. Electives
BUS 382     Business and Professional Ethics
BUS 384     Consumer Money Management
BUS 385     Business Applications Using Excel
BUS 388     Cooperative Field Experience
BUS 488     Cooperative Field Experience
BUS 491     Independent Study
BUS 492     Special Topics

F. Actual Work Experience
As a business major, you are strongly encouraged to have an actual work experience prior to graduation. This requirement may be satisfied by prior work experience upon approval of your advisor. You can also complete BUS 388 or 488 – Cooperative Field Experience. No more than 3 credit hours in cooperative work experience may be counted toward a business major.

Bachelor of Business Administration (B.B.A.)

The B.B.A. degree requires completion of the following components that include a minimum of 58 credit hours in business and accounting.

A. General Education Requirements
See the GENERAL EDUCATION section of this catalog.

B. Related Discipline Requirements
6 credits in computer-related courses.

ECN 200     Introductory Macroeconomics
ECN 203     Introductory Microeconomics
ECN 305     Introductory Statistics for the Behavioral Sciences

The above requirements are to be completed by the end of the sophomore year.

C. B.B.A. Core Requirements
BUS 173     Introduction to Business
ACC 224     Principles of Accounting I
ACC 234     Principles of Accounting II 
BUS 266     Principles of Organization and Management
BUS 302     Principles of Marketing
BUS 304     Business Law I
BUS 307     Finance
BUS 308     Business and Professional Writing                   
BUS 314     Business Law II
ACC 334     Cost Managerial Accounting
ACC 354     Federal Income Tax Accounting
BUS 382     Business and Professional Ethics

Choose either one of the following courses. The course selected should be taken in the senior year:

BUS 496A      Senior Research Seminar: Current Issues
                 -OR-
BUS 496B      Senior Research Seminar Diversity in Management

Total Core: 44 hours

D. Elective Courses
You may select courses in accounting, business or economics to complete the 58-credit hour B.B.A. require­ment. No more than 70 hours in business, economics or accounting can be used to fulfill the College’s 120-credit hour degree requirement.

Minor in Business

A minor in business consists of the following components:

A. Related Discipline Requirements
Three hours in computer information systems and three hours in economics.

B. Core Requirements
BUS 173     Introduction to Business
BUS 304     Business Law I
ACC 224     Principles of Accounting I
ACC 234     Principles of Accounting II

C. Required Courses in one Area of Concentration
Select one of the two following concentration sequences of either accounting or general business.

1. Accounting
BUS 307     Finance

Choose at least two from:

ACC 324     Intermediate Accounting I
ACC 334     Managerial Accounting
ACC 354     Federal Income Tax Accounting

2. General Business
BUS 266     Principles of Organization and Management
BUS 302     Principles of Marketing

Choose at least two from:
BUS 308     Business and Professional Writing
BUS 310     Financial Investment Strategy
BUS 314     Business Law II
BUS 320     Ecommerce
BUS 322     Consumer Behavior
BUS 323     Human Resource Management
BUS 332     Sales Management Strategies
BUS 333     Entrepreneurship
BUS 342     International Marketing
BUS 368     Quality Management Principles
BUS 382     Business and Professional Ethics
BUS 384     Consumer Money Management
BUS 385    Business Applications Using Excel
BUS 423     Collective Bargaining and Labor Relations
BUS 496A      Senior Research Seminar: Current Issues

Associate of Arts, Accounting or General Business (A.A.)

An Associate of Arts in accounting or general business requires 64 credit hours and completion of the following components:

A. General Education Requirements

B. Related Discipline Requirement
Three hours in computer information systems and three hours in economics.

C. Core Requirements
BUS 173  Introduction to Business
BUS 304  Business Law I
ACC 224  Principles of Accounting I
ACC 234  Principles of Accounting II

D. Required Courses in One Area of Concentration
Select one of the two following concentration sequences of either accounting or general business.

1. Accounting
BUS 307  Finance

Choose at least two from:

ACC 324  Intermediate Accounting I
ACC 334  Managerial Accounting
ACC 354  Federal Income Tax Accounting
              -OR-

2. General Business
BUS 266  Principles of Organization and Management
BUS 302  Principles of Marketing Business Electives

Select two three-credit courses in consultation with your academic advisor.

Post-Degree Certificate in Business

The following courses are required for the Certificate of Completion in Business:

BUS 173  Introduction to Business
ACC 224 Principles of Accounting I
ACC 234  Principles of Accounting II
BUS 266  Principles of Organization and Management
BUS 302  Principles of Marketing
BUS 304  Business Law I

Fifteen hours must be taken at Marygrove College. Persons with special skills or needs may establish an individualized program upon consultation with and approval of the business department head. This certifi­cate may be earned while pursuing a second major or second degree.

Health Care Management Minor

A minor in health care management consists of the following components:

BUS 173     Introduction to Business 3 credits
ACC 224     Accounting I 4 credits
ACC 351*   Finance and Budgeting for Health Care Managers 4 credits
BIO 118              Medical Terminology 2 credits
HSC/BUS 321     Health Care Informatics 2 credits
HSC/BUS 335     Health Care Coding 3 credits
HSC/BUS 336*   Health Care Management 3 credits
BUS 444              Project Management
3 credits

*Courses are currently under development and pending approval

RELATED DISCIPLINE REQUIREMENT
PHL 225/228      Ethics/Ethics in the Health Professions 3 credits