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MBA WAIVER EXAM STUDY GUIDE
Econ 4004 – Management Economics
COURSE DESCRIPTION
Managers of organizations – whether for-profit, nonprofit, or government agencies – face a common set of resource allocation problems. This course will develop a student’s ability to formulate and solve these problems, drawing upon the economic theories of consumer demand, the firm and industrial organization as well as mathematical optimization techniques. It will provide a framework for analyzing the flexible multi- product firm as well as competitive and cooperative business situations from a strategic (game theoretic) perspective. Topics to be surveyed include: demand analysis, production and cost analyses, flexible manufacturing, market structure and strategic behavior, pricing practices, government regulation, and decision making under uncertainty.
OBJECTIVES
By the time you complete this course, you should be able to
- Understand basic principles of international economics.
- Interpret the diagrams, tables and figures in the assigned chapters, and by extension, in other books and articles.
- Read an article in the financial pages of a daily newspaper, and comment critically on the positions taken by the article’s author(s) in relation to economic principles.
- Utilize economic principles in making business decisions.
TOPICS
Demand Curves and Profit Maximization Cost curves (TC, AC, MC). Factors of production, intermediate goods. Asset Markets Money and Time Monetary and Fiscal Policy Role of Government in the Economy
MIS 4500 - Management Information Systems
COURSE OBJECTIVES
Management Information System is an introductory course intended for those whose responsibility will involve in deciding whether and when to invest in information systems, and how to develop and manage information systems. As such, the course will examine strategic, organizational, technological, as well as managerial issues that are relevant to information systems.
The course is divided into four major sections. The first section, Information Systems Strategy, addresses why information systems (IS) and information technology (IT) are important and how they can be employed to help firms profit and survive. The objective for this section is to ensure that the student is able to identify ways to improve organizational performance through the use of technology and techniques such as business process reengineering.
The second section, Information Systems Technology, deals with the basic technology components of information systems. The objective of this section is to introduce concepts that can help students to identify what technologies will be required and how they can be integrated to meet the business requirements.
The third section, Information Systems Applications, focuses on different types of systems, what they are, how they differ, where in the organization they are used and by whom , and how a firm determines what type of information systems will be required as well as when they will need to be available to meet market and business drivers in both the near and distant future.
The final section Information Systems Implementations, deals with how the various systems can be best implemented and managed. As a result of the material covered in this section, the student will be able to plan for and develop an information system.
TOPICS
IS Strategy IS Technology—Managing Data Resources IS Tech—Telecommunications and Networking IS Technology—Wireless and Security IS Applications—E-Commerce IS Applications—Enterprise Applications IS Applications—Knowledge Management IS Applications—Decision Support Systems IS Implementation/Management Business Value
International Marketing
OM 4601 - Operations Management
COURSE OBJECTIVES
For domestic or international organizations to maintain a competitive advantage over their global competitors, a strong foundation based on maintaining and improving productivity and efficiency is essential. Critical to this goal is the management of resources within an organization. This class introduces the student to the management of productive resources. It surveys the planning, design and control of systems responsible for productive use of raw materials, human resources, technology, equipment and facilities in the development of a product or service.
There is an attempt to balance the focus between quantitative tools and qualitative presentation, with emphasis on class case discussion in the presentation of material in this course. It is assumed that the student has some basic quantitative tools (e.g. linear algebra and statistics). Course topics will begin with a discussion of strategic issues, with the discussion incorporating operations (manufacturing) strategy, and organizational operations planning for manufacturing and services. Total quality, process, location analysis, and capacity management make up additional strategic and tactical planning topics. Other tactical and operational issues include forecasting, aggregate planning, scheduling and supply chain management.
TOPICS
Introduction to Operations Management and Operations Strategy Process Analysis - Manufacturing Quality Management/Quality Assurance and Tools Quality/Capacity/Process Issues Forecasting and Location Analysis The Beer Game - Supply Chain Management
ACCT 401 – Foundations of Accounting
The following information is provided to students who are planning to take the waiver examination.
You will improve your chances of passing the examination if you were to review the material covered by the examination.
If you have taken accounting courses outside the United States, it is very important that you familiarize yourself with the U.S. accounting system and accounting terms. There can be substantial differences in different accounting systems.
The examination emphasizes concepts rather than detail procedures. It reflects the course (ACCT 4100) emphasis which is to teach managers how to use accounting information.
The following topics will be covered in the exam:
a) Intuitive explanations of balance sheet, income statement and cash flow statement. b) Accounting equation, how transactions affect accounting equation, accounting cycle, journal entries, journals and ledgers, worksheet calculations and preparation of financial statements. c) Accruals, deferrals, adjusting entries. d) Accounting principles, assumptions and exceptions. e) Current assets, cash, accounts receivable, marketable securities. f) Inventories, different cost-flow assumptions. g) Long-lived assets, acquisition, depreciation and disposal, intangible assets. h) Current liabilities. i) Long-term notes & bonds and leases (present value calculations are not required for the exam). j) Stockholders equity and its components. k) Cash flow statement in detail. l) Different ratios in analysis of balance sheet and income statement.
The exam will consist of problems and essay questions.
Any book that uses U.S. accounting system and written for a first course in financial accounting for MBAs may be appropriate. The book must be of a recent vintage, preferably written after 1993. Management accounting topics are not covered in the exam. If you are unable to find a text written for MBAs, one written for undergraduates may be used.
MGMT 4708 - Contemporary Business Law
This course will provide an understanding of the court systems, common law contract formation, Uniform Commercial Code Sales of Goods contracting, partnerships, corporations, tort liability and hidden ethical issues in the law. The concepts are powerful. Please rest assured that you will never look at business the same way again.
TOPICS
- Law Systems and Courts
- Contract Formation and the Role of Contracts in Modern Business
- Uniform Commercial Code Sales Law
- Agency, Partnership Relationships and Responsibilities
- Corporation Law and Practice
- Torts and Strict Liability
- Intellectual Property Components of the Law
- Ethical Issues in Modern Corporations
