BUS 1010

ILEAD Program

(1) Leadership through ___knowledge____ - Six Program Elements (2) Leadership through ______applications______ - Eight Program Elements (3) Leadership through ______experiences______ - Six Program Elements

What does it mean to be ethical?

1 To know right from wrong, and to know when you are practicing one instead of the other 2 Business ethics is applying ethics to a business context

What is insurance? How do insurance companies make insurance more affordable?

1. A contract represented by a policy where an individual or entity receives financial protection or reimbursement against losses from an insurance company. 2. The company pools client's risks to make payments more affordable for the insured

What are the two types of Career Counseling Services? Notice the duration and suggested topics for each.

1. Appointments 30 minutes or 1 hour 2. Drop ins 10-15 Minutes

What are the three primary ways to invest in real estate?

1. Buying an income property to lease or rent 2. Managing a real estate investment trust 3. Developing real estate

1. What is the focus of modern sales?

1. Follow up on the leads of the marketing team 2. Relationship building 3. Closing deals 4. Retaining customers

For a Mock Interview with a Counselor:

1. Have your __Resume__ ready to upload. 2. It is also helpful to ___Include a job description___. 3. Requests must be made ___2 Weeks___ in advance.

Management Information Systems students learn:

1. How businesses use information to improve a company's operations. 2. How to manage various information systems so that they best serve the needs of managers, staff, and customers 3. How to create systems for finding and storing data 4. About computer databases, networks, computer security, and more

What are the two primary purposes of a stock exchange?

1. Investors buy stock in companies 2. Companies sell shares to raise equity in the company.

What do effective marketing professionals do?

1. Raise awareness for the product or service 2. Keep the consumers engaged 3. Retain customers

What options are available for mock interviews?

1. Scheduled mock interview 2. Virtual Mock interview

What are the objectives of Financial Management?

1. To ensure regular and adequate supply of funds to the concern. 2. To ensure adequate returns to the shareholders which will depend upon the earning capacity, market price of the share, expectations of the shareholders 3. To ensure optimum funds utilization. Once the funds are procured, they should be utilized in maximum possible way at least cost. 4. To ensure safety on investment, i.e, funds should be invested in safe ventures so that adequate rate of return can be achieved. 5. To plan a sound capital structure-There should be sound and fair composition of capital so that a balance is maintained between debt and equity capi

What are the three categories of internship programs?

1. UPIC On-Campus Internships 2. Off Campus Internship Program 3. International Internship Programs

What three types of questions do the Lyceum Fellows explore?

1. What is freedom? 2. What is Justice? 3. What is virtue?

What are the six steps for working a career fair?

1. __Preregister online__ 2. __Dress and act the part__ 3. __Arrive Early__ 4. __Have a game plan__ 5. __Research Beforehand__ 6. __Follow Up__

After reading "resume writing introduction", what are five additional tips to consider?

1. __Resume Length __ 2. ___Resume makeover___ 3. ___Use action verbs ___ 4. __Results not just duties__ 5. ___your resume may need to be scanned for storage and searching - format your resume appropriately __

According to the "Study" step of the Study Cycle: How many intense study sessions should you have per day?

3-5

What is a brand?

A brand is a name, term, design, symbol or any other feature that identifies one seller's good or service as distinct from those of other sellers.

What is the primary reason why a company would choose an investment bank?

A company would choose an investment bank to help with large and complex financial transactions. It helps businesses handle their money. It also helps them issue stock and make other transactions

What is a prerequisite?

A course or requirement that must be met before a course may be attempted

What is a restriction?

A course that is restricted by major or class standing

What characteristics describe a course that Double Dips?

A course that satisfies two requirements. These courses are listed in 2 sections of the gen ed requirements. Since a 3-hour course satisfies 6 hours of requirements you must also take a 3 hour elective to ensure you complete the correct amount of credit hours

Minor

A declared secondary field of study (required by some majors but optional for others)

In what two ways can a support requirement be satisfied?

A list of courses provided by the major or an approved minor

1. Why is the information obtained through market research important?

Accurate and thorough information is the foundation of all successful business ventures because it provides a wealth of information about prospective and existing customers, the competition, and the industry in general. It allows business owners to determine the feasibility of a business before committing substantial resources to the venture.

What does advertising provide to existing and prospective customers?

Advertising provides a direct line of communication to your existing and prospective customers about your product or service.

What is an ethical dilemma?

An ethical decision is a right vs wrong situation where there is an ethical choice and an unethical or illegal choice. If you make the latter choice it is an ethical lapse.

Degree

Bachelor of science or bachelor of arts for economics only

What grade must you earn at another school for the grade to be accepted by Clemson University?

C

What is the recommendation under "Have a game plan."?

Check which employers will be visiting, make a list of ones you want to meet, go to the ones you are most interested in first

Summarize Service Description for Peer Assisted Learning (PAL)

Collaborative and structured group learning sessions facilitated online by a peer leader who successfully completed the course. PAL leaders offer tips for success and provide opportunities for you to practice problems and ask questions in a supportive environment. PAL sessions are held on a twice-weekly basis for 15+ introductory courses in engineering, math, science and business

How is the fee assessed if you are a freshman or sophomore business major, a non-business or part-time major taking 3000- or 4000-level business courses?

Course fee by the credit hours

Academic Forgiveness Policy What grades can be eliminated from the GPA?

D F

What is the goal of the Lyceum Fellows?

Encourage critical thinking and inspire rigorous debate across a sequence of 6 classes (any order, any time during undergraduate career)

The Clemson Institute for the Study of Capitalism

Explore the moral, political and economic foundations of a free society.

What are some of the specialties of international management?

Finance, human resources, strategic planning, marketing, sales, and operations

A _______________is a broad term for a professional who helps manage your money.

Financial Advisor

What is financial management?

Financial Management means planning, organizing, directing and controlling the financial activities such as procurement and utilization of funds of the enterprise. It means applying general management principles to financial resources of the enterprise.

A _______________helps companies and individuals create a program to meet longterm financial goals.

Financial Planner

Summarize Service Description for Academic Coaching.

Focuses on learning and personal success strategies you can engage in for academic and personal growth. This service typically consists of ongoing weekly or biweekly appointments with an academic coach

i. How has Human Resource Management evolved over the years?

HRM is moving away from traditional personnel, administration, and transactional roles, which are increasingly outsourced. The HRM function is now expected to add value to the strategic utilization of employees and to ensure that employee programs recommended and implemented impact the business in positive measurable ways.

What seven blocks will always be a part of a Degree Works Report? Be sure to observe the other blocks as well.

Header, disclaimer, degree, major, pre-business, in progress, legend

College of Business Global Engagement Study Abroad Locations: What are the three types of Programs?

I. College of Business sponsored programs II. Exchange programs III. Third party/direct enrollment plan

When would you use the Transfer Course Equivalency List (TCEL) for Advising Assignment #1?

If you have transfer credits that are not on your transcript

Why are investors still gobbling up U. S. Treasury Assets?

Investors are drawn to the relative safety of the assets

What does the Academic Forgiveness Policy say about classes where a student was found in violation of Academic Integrity Policy?

It may not be applied

a. What does Gross Domestic Product measure?

It measures the size of an economy. It equals the sum of the incomes of everyone in a country or total market value of all goods and services produced by the country

How is the fee assessed if you are full-time business major with junior or senior status based on credit hours?

Major Fee by the semester

How does managerial accounting compare to cost accounting?

Managerial accounting helps businesses make decisions about management ii Cost accounting helps businesses make decisions about costing

What is the AMA definition of Marketing?

Marketing is the activity, set of institutions, and processes for creating, communicating, delivering, and exchanging offerings that have value for customers, clients, partners, and society at large. (Approved 2017)

You should inspect your transcript for what two categories of missing college credits?

Missing dual enrollment or transfer credits missing AP or IB credits

What is the chief concern of operations management?

Planning, organizing, and supervising in the contexts of production, manufacturing, or the provision of services

One of the most important disciplines you can learn to study most efficiently is the Study Cycle. What are the five major steps of the Study Cycle?

Preview Attend Review Study Assess

What do Public Relations Managers do?

Public relations managers direct the creation of materials that will enhance the public image of their employer or client. Fundraising managers coordinate campaigns that bring in donations for their organization.

According to the "Study" step of the Study Cycle: What should you do on the weekends?

Read notes and material from the week to make connections

What is the difference between a required elective and an excess elective?

Required electives count toward a number of electives for your curriculum Excess electives are extra electives you take after you have met the required number of electives for your curriculum

Emphasis

Required for management and financial management majors

In what facets are SCM professionals focused? What are they striving to achieve?

SCM focuses on planning and forecasting, purchasing, product assembly, moving, storage, distribution, sales and customer service.

What is supply chain management (SCM)?

Supply Chain Management (SCM) includes all the activities that must take place to get the right product into the right consumer's hands in the right quantity and at the right time - from raw materials extraction to consumer purchase

Summarize Service Description for Tutoring

Supportive drop-in and appointment-based learning sessions facilitated online throughout the week by a peer tutor who successfully completed the course. During a tutoring session, you can ask the peer tutor specific questions you have about course content. The tutor can also share effective study strategies for learning challenging course concepts and work practice problems with you. Tutoring sessions are offered for almost 100 courses.

Operations management is delivery-focused, ensuring...

That an organization successfully turns inputs to outputs in an efficient manner.

Curriculum Year

The catalog that defines your curriculum requirements

Major

The curriculum you complete to receive a degree

What is an interest rate?

The excess money you earn when you loan money to someone

What is fiscal policy?

The group of mechanisms using expenditure forms fiscal policy. Government expenditure leads to higher growth and high expenditure

What is inflation?

The measure of how much prices have increased

Student Responsibility According to "The Catalog": Advisors, department chairs, and deans are available to help the student understand and meet these requirements; but

The student is responsible for filling them

What is the goal of the Erwin Center for Brand Communications?

To provide real hands-on brand experience to our students Make sure that working practitioners can come to the classroom and lead you through what's happening in brand communications today

What two sources provide valid emphasis areas for your intended major? (Found in Step 5f.)

Undergraduate catalog curriculum work sheet

What two main problems can be managed by macroeconomic policies?

Unemployment Inflation

Summarize Service Description for Success Strategies Workshop

Virtual, interactive presentations that can help you sharpen your learning and thinking skills, increase your confidence and enhance your knowledge of success strategies and resources

The economy faces choices on:

What to produce How to produce For whom to produce

With interest costs topping out at $1 trillion a year by the end of the next decade, eating up a larger share of the federal budget, what is the potential risk aside from crowding out private investment

When the debts grows it becomes more sensitive to small shifts in interest rates

Advising Assignment #1: Copy the bolded statement for Step 3 here:

You are responsible for ensuring your college credits from external entities are communicated to Clemson

What are the four main financial statements? And, what is the purpose of each?

a. Balance sheets show what a company owns and what it owes at a fixed point in time. b. Income statements show how much money a company made and spent over a period of time. c. Cash flow statements show the exchange of money between a company and the outside world also over a period of time. d. Statement of shareholders' equity shows changes in the interests of the company's shareholders over time.

What three functions do accountants and auditors in the public sector do?

a. Maintain and examine the records of government agencies b. Audit individuals and businesses that pay taxes c. Audit businesses or organizations that receive contracts or funding from taxpayer money

What are examples of Public Accounting Services?

a. Preparation, review, and auditing of the clients' financial statements b. Tax work including the preparation of income tax returns, estate and tax planning, etc. c. Consulting and advice involving accounting systems, mergers and acquisitions, and much more.

The Lyceum Fellows program is open to

any current Clemson Student of any major

What are the important pieces of information can you get from using "Course Look-up within the Audit"?

description prerequisites and corequisites attributes sections offered for upcoming term

A brand "is an intangible asset" that is intended to create ______________

distinctive images and associations in the minds of stakeholders thereby generating economic benefits/values

What is the definition of Entrepreneurship used by Harvard Business School?

entrepreneurship is the pursuit of opportunity beyond resources controlled.

What is economics' primary concern?

helping individuals and society decide on the optimal allocation of our limited resources

• TCEL is only a _________ of how courses have transferred to Clemson, and ___________ represent a comprehensive list of transferable coursework for any school.

history it does not

What is accounting?

i Accounting is the process of recording financial transactions pertaining to a business ii Includes summarizing, analyzing, and reporting transactions to oversight

What is the difference between business intelligence and analytics

i Business intelligence includes all components of the operation from the collection of data to when people access it. ii Analytics of the process preformed on data for the purpose of generating insights and making decisions

What are the four types of risk an entrepreneur faces?

i Demand risk relates to prospective customers' willingness to adopt the solution envisioned by the entrepreneur ii Technology risk is high when engineering or scientific breakthroughs are required to bring a solution to fruition iii Execution risk relates to the entrepreneur's ability to attract employees and partners who can implement the venture's plans iv Financing risk relates to whether external capital will be available on reasonable terms

How does financial accounting compare to managerial accounting?

i Financial accounting has an annual period and the reports are in the form of balance sheets, income statements, and cashflow statements ii Managerial accounting uses the same data with a shorter period (monthly or quarterly reports) and the data is used to help the company make decisions.

For an opportunity to be "entrepreneurial" it implies that it is _____.

i Pursuit - singular focus on making tangible progress to attract resources ii Opportunity - an offering that is new in one of 4 ways iii Beyond resources controlled - resource constraints

An entrepreneurial opportunity may entail:

i innovative product ii new business model iii better or cheaper version of existing product iv targeting an existing product to a new set of customers

What does an HR Department provide?

i the knowledge, necessary tools, training, administrative services, coaching, legal and management advice, and talent management oversight that the rest of the organization needs for successful operation.

While free markets are considered a better solution than a planned economy, free markets can lead to some problems. What are the three problems cited?

i. The over production of negative externalities such as pollution ii. The underproduction of goods with positive externalities such as education, health care, and public transport iii. Nonprovisional of public goods such as national defense and law enforcement

Chapman Leadership Scholars: What three values does this program use to develop a leader?

intellect courage heart

Which two business majors have a support requirement?

management and marketing

Degree Works _______ Clemson University's degree requirements to the coursework you have __________ or _______________ in an easy-to-read worksheet that shows how those courses count toward degree requirements. Degree Works also shows ________________________________________________.

matches completes have in progress what courses you still need to take

What is the mechanism (policy) central banks use to control short-term interest rates? The Federal Reserve (aka The Fed) is the name of the central bank for the United States.

monetary policy

What are the four steps of an intense study session?

set a goal study with focus reward yourself review

What is Human Resource Management?

the organizational function that manages all issues related to the people in an organization. That includes but is not limited to compensation, recruitment and hiring, performance management, organization development, safety, wellness, benefits, employee motivation, communication, policy administration, and training.

What is the first responsibility of a Social Media Manager?

to develop and implement a social media marketing plan.

The Brand Communications minor is available to

undergraduate students across the university