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College Catalog

Business Administration

Business Administration

  • BUS 1110

    Introduction to Business and Technology

    4cr
    An introduction to personal and organizational information technology. Through readings, hands-on applications, and cases, students will study current topics and trends relating to business while developing personal technology skills for problem solving, communication, research, analysis, and presentation.
    Spring/Fall

  • BUS 2000

    Emerging Markets: Cultures and Languages (HUM)

    4cr
    Emerging markets exemplify a symbiotic relation between business and cultures, and serve as the cornerstone of this course. One instructor each from Business and Modern Languages utilize marketplaces as a unifying force of the globe and use numbers as a universal language combined with cultures, languages, and sociopolitics to explain the volatility of development with a humanities and sociologic approach.

  • BUS 2110

    Business Ethics (HUM)

    4cr
    In this course, students explore major ethical issues arising in the practice of business and learn to apply various methods of ethics in solving these problems. Whistle-blowing, insider trading, employees' rights, multinational corporations, and other topics are discussed. Course is offered as BUS 2110 and PHL 2110.

  • BUS 2340

    Applied Statistics for Management and Economics (MTH)

    4cr
    The application of statistics to problems in business and economics, encompassing the gathering, organization, analysis, and presentation of data. Topics include descriptive statistics in tabular and graphical forms, the common measures of central tendency and dispersion, sampling and probability distributions, construction of confidence intervals and hypothesis testing, and correlation analysis. This course is offered as BUS 2340 or ECN 2340.
    Prerequisite: MTH 1070, MTH 1060, or equivalent
    Fall/Spring/Summer

  • BUS 4900

    Business Policies Senior Seminar

    4cr
    Business Policies Seminar is a capstone course for seniors majoring in marketing, management, accounting, and finance. It is designed to allow students to integrate their knowledge from other Business Department curriculum and apply those insights in seminar discussion of current business topics and readings. Additionally, under the supervision of the instructor, all students will complete a Senior Thesis/Project fulfilling both the seminar requirement and the general college requirement. Senior Thesis/Project choices are determined by each student, presented to the instructor for approval, and completed over the course of the scheduled term.
    Prerequisites: Senior standing, BUS/ECN 2340 or MGT 3100, and MGT 3120
    Fall/Spring

Accounting

  • ACC 2000

    Survey of Accounting

    4cr
    The course will examine all aspects of company formation, looking first at the strategic planning and research to organize the business, financing the plan, investing in the resources, and operating the business. Specifically, the basic accounting equation, journalizing accounting transactions using debits and credits, financial statement analysis, cost terms, concepts and behavior, cost-volume-profit relationships, profit planning, and capital budgeting will be covered.
    NOTE: This course does not satisfy any requirements for Accounting or Management majors.
    Prerequisite: BUS 1110

  • ACC 2010

    Financial Accounting

    4cr
    An analysis of accounting, the language of business. Introduction to basic accounting theory, concepts, and practices emphasizing income measurement; study of the accounting cycle; and preparation of basic financial statements.
    NOTE: This course does not satisfy the Accounting requirement within the Business Administration minor or Public Relations minor.
    Fall/Spring

  • ACC 2020

    Managerial Accounting

    4cr
    This course focuses on the use of accounting as an analytic business tool within a business organization. This includes understanding cost behavior and using this knowledge to make important management decisions. It includes developing the costs of providing products and/or services to the organization's customers and developing budgets or plans for the organization's operations. Finally, it includes measuring performance against those plans for purposes of taking corrective action and rewarding performance. Emphasis will be placed on current innovations in managerial accounting resulting from changes in the global manufacturing environment. Analytical skills and written and oral communication skills will be emphasized, partly through the medium of case studies that model real-world situations.
    Prerequisite: Sophomore standing or instructor permission
    Fall/Spring

  • ACC 2040

    Cost and Managerial Accounting

    4cr
    This course focuses on the information developed and used internally within a business organization to effectively manage its operation. It deals with using information about the behavior of its costs to make good management decisions. It covers the development of a profit plan for the organization's operations and the use of that same information to develop product/service costs. It includes analytical approaches to measuring performance and taking corrective action, as well as alternative approaches to valuing work-in-process inventory. The course also incorporates the theory of constraints where appropriate. Case studies that model real-world situations are used to develop students' analytical skills and to provide practice in written and oral expression.
    Prerequisite: ACC 2010
    Spring

  • ACC 2050

    Cost Accounting

    2cr
    This course focuses on the compilation and analysis of accounting information and the procedures involved in determining the cost of various cost objects, such as the products or services sold to customers, and the importance and relevance of this information in making the short-term and long-term decisions involved in managing an entity. Students cannot receive credit for this course and ACC 2040.
    Prerequisite: ACC 2020. Offered on a specially arranged basis.

  • ACC 3010

    Intermediate Accounting I

    4cr
    A comprehensive, in-depth, analytical, and interpretive study of alternative accounting procedures for communicating financial and economic information, supported by critical evaluations of current issues and reporting practices. Students conduct a separate analysis of each of the major items appearing in corporate financial statements, with emphasis on theory and the logic involved in selecting one accounting or financial reporting approach over another.
    Prerequisite: ACC 2010
    Fall

  • ACC 3020

    Intermediate Accounting II

    4cr A comprehensive, in-depth, analytical, and interpretive study of alternative accounting procedures for communicating financial and economic information, supported by critical evaluations of current issues and reporting practices. Students conduct a separate analysis of each of the major items appearing in corporate financial statements, with an emphasis on theory and the logic involved in selecting one accounting or financial reporting approach over another. Prerequisite: ACC 3010 with a C or higher Spring

  • ACC 3060

    Individual Taxation

    4cr
    A study of federal income taxation of individuals focused on tax theory and policy, laws, and related authoritative sources. Practical applications of tax laws are stressed through computerized preparation of frequently encountered forms and schedules and use of research materials applied to tax-planning scenarios.
    Prerequisite: ACC 3010
    Spring

  • ACC 3090

    Business Taxation

    4cr
    A study of federal income taxation of business entities focused on tax theory and policy, laws, and related authoritative sources. Practical applications of tax laws are stressed through preparation of frequently encountered forms and use of research materials applied to tax-planning scenarios. Taxation of gifts, estates, and trusts is also covered.
    Prerequisite: ACC 3010
    Fall

  • ACC 3250

    Accounting Information Systems

    4cr
    The course will provide an in-depth study of the role of computer-based accounting systems to create meaningful information for economic decisions. Emphasis is upon analyzing and designing accounting information systems, using accounting system applications to analyze information, and evaluation of internal control activities.
    Prerequisite: ACC 3010

  • ACC 4010

    Advanced Accounting

    4cr Theoretical analysis and problem-solving approach to current issues in accounting theory and practice; accounting for mergers, acquisitions, reorganizations, bankruptcy and liquidations, consolidations, and parent company and subsidiary relationships; preparation of consolidated accounting statements; and use of accounting procedures to prepare accounting reports for management, investors, and governmental agency. Prerequisite: ACC 3020 Fall

  • ACC 4020

    Auditing

    4cr
    Principles, standards, and procedures involved in the independent examination and analysis of financial statements prepared for management and the general public. Concepts of ethical and social responsibilities are explored. Special emphasis is given to the proper reporting and communication of financial and economic information to the general public and to various governmental agencies.
    Prerequisite: ACC 3020
    Spring

  • ACC 4050

    CMA Preparation I: Financial Planning, Reporting, Performance, and Control

    4cr
    The course is offered to prepare students to take the corresponding part of the CMA exam. As an exam preparation course, it is intended to bring back to mind concepts learned in earlier courses Financial Accounting, Cost/Managerial Accounting or Managerial Accounting, Financial Management, Principles of Microeconomics, Intermediate Accounting I, and Auditing and to update for any authoritative changes since taking the earlier course. Students taking this course should plan to sit for the corresponding part of the CMA exam within two months of completing the course.
    Prerequisite: ACC 2020 or ACC 2040

  • ACC 4051

    CMA Preparation II: Financial Decision Making

    4cr The course is offered to prepare students to take the corresponding part of the CMA exam. As an exam preparation course, it is intended to bring back to mind concepts learned in earlier courses Financial Accounting, Cost/Managerial Accounting or Managerial Accounting, Financial Management, Principles of Microeconomics, Intermediate Accounting I, and Auditing and to update for any authoritative changes since taking the earlier course. Students taking this course should plan to sit for the corresponding part of the CMA exam within two months of completing the course. Prerequisite: ACC 2020 or ACC 2040

Management

  • MGT 3100

    Introduction to Business Analytics

    4cr
    A survey of the mathematical models of Management Science and Operations Research (such as linear programming, queuing theory, decision analysis, and simulation) applied to managerial decision making.
    Prerequisites: BUS/ECN 2340, SSC 2330, GEO 2900, or MTH 3050 and sophomore standing or higher.

  • MGT 3120

    Principles of Management

    4cr
    A study of managerial roles, functions, and skills, this course covers planning, organizing, controlling, leading, staffing, decision making, and problem solving in contemporary organizations (public, private, and not-for-profit); and reviews foundations of management thought and managerial processes that lead to organizational effectiveness.
    Prerequisites: MGT 1110 and ACC 2000 or ACC 2010 or ACC 2020
    Fall/Spring

  • MGT 3300

    Operations Management

    4cr
    A survey of major management systems and quantitative techniques used in manufacturing and service operations. Subject matter will address operations strategy, product/process design, quality management, inventory management (including MRP and JIT), project management, and other related topics.
    Prerequisites: MGT 3120 and BUS/ECN 2340 or MTH 3050 or MGT 3100
    Fall/Spring

  • MGT 3400

    Human Resource Management

    4cr
    An examination of significant behavioral research influencing human resource management. General survey of personnel administration functions and management-labor relations.
    Prerequisite: MGT 3120
    Fall/Spring

  • MGT 3600

    Legal Environment of Business

    4cr
    This is an introductory, general survey course of American legal principles and their application to the business world. Students will develop an understanding of the legal system, the litigation process, and the ethical considerations attendant to making important business decisions. Areas of study will include contracts, torts, property, business organization, employment law, discrimination, crimes, the Constitution, and the regulatory process. Oral and written analysis of case law will be utilized to help students appreciate, understand, and explain multiple points of view regarding the legal environment of business. Not open for credit to students who have taken MGT 3650.
    Prerequisite: Junior standing
    Fall/Spring

  • MGT 3610

    Accounting Law

    2cr
    An overview of legal concepts covered on the CPA exam including the Uniform Commercial Code; agency relationships; property and bailments; wills, trusts, and estates; sales and lease of goods; title, risk, and insurable loss; secured transactions; bankruptcy; negotiable instruments; transfer of liability; electronic funds transfers; liability of accountants; and accounting ethics. Students cannot receive credit for this course and MGT 3650.
    Prerequisite: MGT 3600

  • MGT 3650

    Business Law for Accountants

    4cr
    This course will provide students majoring in accounting with an overview of the legal concepts necessary to successfully complete the CPA exam. This course will focus on the Uniform Commercial Code, contracts, negotiable instruments, sales and secured transactions, agency relationships, business organization and formation, bankruptcy, professional liability, and accounting ethics. Students will be expected to analyze legal cases involving business law matters through both oral and written communication. At the end of the course, students will be able to demonstrate an understanding of the American legal system, an ability to recognize and address ethical issues attendant to making important business decisions, and an ability to analyze complex legal concepts associated with the accounting process. This course is not open for credit to students who have taken MGT 3600.
    Prerequisite: ACC 2020 or ACC 2040
    Spring

  • MGT 3710

    International Management

    4cr
    A study of management in an international environment, its evolution, and its position in today's society. Students also study the control and decision-making process for management of a worldwide organization, including the financial, marketing, human resource, political, and ethical implications of the worldwide organization in local markets and in the international community.
    Prerequisite: Junior standing
    Spring

  • MGT 3710W

    International Management (WI)

    4cr
    A study of management in an international environment, its evolution, and its position in today's society. Students also study the control and decision-making process for management of a worldwide organization, including the financial, marketing, human resource, political, and ethical implications of the worldwide organization in local markets and in the international community.
    Prerequisite: Junior standing
    Spring

  • MGT 3730

    International Legal Environment of Business

    4cr
    A survey of various legal systems including common law, civil law, and Islamic law. Students will be introduced to a variety of concepts, including the sources of international law, the distinction between private and public law, and the concept of sovereign nations. The implications of sovereignty as they relate to international business activity are a central theme of the course. Original source materials, case studies, and legal opinions are used. Special schedule.
    Prerequisite: Junior standing

  • MGT 3800

    Business Research Projects

    2cr
    Students will select a topic or problem in consultation with the course instructor and conduct research on that issue. These projects could be general current events in business or specific problems faced in local business.
    Prerequisite: Permission of the instructor

  • MGT 4600

    Labor and Employment Law

    4cr
    Labor and Employment Law is the comprehensive study of labor relations law, including the development of American labor unions, as well as the National Labor Relations Act, unfair labor practices, and other rights and responsibilities of management and unions. Students will also study equal employment opportunity and related employment law issues including Title VII, EEO legislation, and common law employment issues. This course will be facilitated by the case study method. Significant writing and speaking will be expected of all students.
    Prerequisite: MGT 3600

Marketing

  • MKT 3130

    Marketing Principles

    4cr
    This course provides a general knowledge of marketing, emphasizing marketing mix elements (Product, Price, Promotion, and Price) for both consumer and industrial products, marketing strategies, customer behavior, and promotion. Topics include situation analysis techniques; marketing segmentation; identification of target markets; product/brand positioning via the 4 P's of marketing; development and presentation of a marketing plan for a local business; and the social, ethical, and legal issues in marketing.
    Prerequisite: MGT 1110
    Fall/Spring

  • MKT 3140

    Consumer Behavior

    4cr
    This course focuses on the development of successful marketing strategies by analysis of theories of consumer behavior and their application to successful decision making. The course will incorporate a variety of perspectives from psychology, economics, geography, sociology, and cultural anthropology in acquiring an understanding of consumer thought processes and overt behaviors, and the consumer environment. Topics related to for-profit and not-for-profit institutions are addressed.
    Prerequisite: MKT 3130

  • MKT 3230

    Personal Selling and Sales Management

    4cr
    This class is designed for all marketing majors and those students who are planning a career in professional sales. The course focuses on both personal selling and sales analytics. Students will learn how to communicate with prospective customers to understand their needs, match those needs with the appropriate product or service, and present an effective sales presentation. In addition, students will develop an in-depth understanding of how to analyze and report on sales data using Microsoft Excel. Lectures, role-playing exercises, mock sales calls, class exercises (using salesforce.com), and case studies are used to reinforce the text. Topics also include the social, ethical, and legal issues in selling; handling objections; and closing deals.
    Prerequisites: MKT 3130 and junior standing, or permission of instructor.



  • MKT 4100

    Integrated Marketing Communications

    4cr
    This course focuses on the theory and practice of designing and implementing an integrated marketing communications program for maximum impact on customers and constituents. Class lectures and applied activities are designed to foster analytical and critical-thinking skills in campaign design and development; strategic promotional planning; research and assessment of target markets; media buying strategy; and national, global, and ethical issues. A variety of traditional and new communication media are addressed. Recent developments in marketing communications are also addressed.
    Prerequisites: MKT 3130 and junior standing
    Fall/Spring

  • MKT 4200

    Direct Marketing Analytics

    4cr
    This course focuses on the development of critical thinking and analytical skills in the design of marketing strategy and tactics using databases. Database marketing refers to a company's use of databases to gain a better understanding of customers, and accomplish marketing objectives, by delivering higher levels of customer satisfaction. Topics and applications in this class focus on market segmentation, customer relationship management, trend analysis, and accountability of marketing actions. For-profit and not-for-profit situations are addressed.
    Prerequisite: MKT 3130

  • MKT 4210

    Marketing Research

    4cr
    This course is designed to survey current marketing research practices and procedures. Course work will focus on the development of reliable and valid measures, and the application of various qualitative and quantitative methods. The emphasis is on providing useful information for marketing decisions.
    Prerequisites: MKT 3130 and BUS/ECN 2340 or MGT 3100

  • MKT 4220

    Business to Business Marketing

    4cr
    This is the capstone class for all marketing majors and it allows students to apply their knowledge gained from previous courses within the context of the business-to-business environment. Students will find an industrial product, create a feasibility study, develop a business plan and marketing plan, and execute the marketing plan. Executional elements include branding, logos/icons, website, product brochures, direct marketing campaign, and Google AdWords campaign.
    Prerequisites: ACC 2000 or ACC 2020 or ACC 2040 and MKT 3230

  • MKT 4230

    Consumer Research

    4cr
    This course focuses on the successful development of marketing strategies based on an understanding of consumer behavior and current marketing research practices and procedures. Frameworks of consumer decision making and overt behavior will include perspectives based on psychology, sociology, behavioral economics, and cultural anthropology. Applied research projects will incorporate both qualitative and quantitative methods.
    Prerequisites: MKT 3130 and ECN/BUS 2340 or MGT 3100

  • Quick Facts

    • Carthage is named a Best Midwestern College by The Princeton Review (2017), a designation given to only 25 percent of four-year schools.

    • Scheduled to open in fall 2018, a new residential tower will offer suite-style housing and two floors of shared campus spaces for gaming, cooking, group meetings, or quiet studying. Learn more about The Tower

    • You’re going to need brain fuel. Grab a morning coffee and a snack and Starbucks or Einstein Bros. Bagels. Later, meet friends at “The Caf,” where the specials change daily but the staples are constant, or swing through “The Stu” for wins, a burrito, or a sub. A new option, Carthage Cash, even covers some off-campus meals.

    • 96% of Carthage alumni report that they have secured a job or are continuing their studies six months after graduation. Visit Career Services.

    • 91% of employers say critical thinking, communication, and problem-solving skills matter more than your major when it comes to career success. Learn more about how the liberal arts prepare you for a successful career.

    • Lots of schools wear the four-year label. Carthage stands behind it. 95% of Carthage graduates earn their degrees in four years. Learn more

    • Oscars. Emmys. Tonys. Golden Globes. The playwrights we’ve brought in have them. Each year, the Carthage Theatre Department commissions an original script by a renowned playwright for its New Play Initiative. Carthage students then work with the writer to stage it. 

    • As a freshman in the highly selective Honors Program, learn how to gain expertise in anything from music to forest ecology. After that, tackle a contemporary social, economic, or political problem. If you like, you can live on an Honors-only floor of a Carthage residence hall. 

    • In 2016 and 2017, Carthage was named a top producer of Fulbright Scholars by the U.S. Department of State’s Bureau of Educational and Cultural Affairs.

    • Things look new at Carthage because they are. Our athletic and recreation center, student union, computer labs, audiovisual production suite, and numerous residence halls have all been constructed or newly renovated in the last 10 years. Our new science center caps it off.

    • Carthage offers majors, minors and concentrations in more than 50 areas of study, from archaeology to athletic training, neuroscience to music theatre.

    • Our Summer Undergraduate Research Experience offers select students a research budget, one-on-one mentoring with a professor, and 10 weeks of analyzing, deciphering — and getting paid.

    • So the lake is kind of a focal point, but there’s a lot more to love about our campus — like the fact that our 80-acre campus is also an arboretum and wildlife sanctuary. Focused on keeping campus lush forever, we plant between 50 and 75 new trees every year from a variety of species.

    • Carthage was founded in 1847. That’s more than 170 years of leaders, makers, and go-getters going out and going forth. Read more about Carthage’s rich history.

    • More than 90 percent of our students receive financial aid, a hefty chunk of which is scholarships and grants — including $1.25 million annually from the Presidential Scholarship Competition and numerous Merit Scholarships. Learn what’s available.

    • Abraham Lincoln was an early Trustee of the College, and U.S. Secretary of State John Hay was a Carthage alum. The two still have a proud place on our campus. Spend some time with them in our Sesquicentennial Plaza. On warm days you’ll find professors leading their classes here.

    • Come to Carthage; hear yourself think — think … think …
      Legend has it that Sesquicentennial Plaza holds a perfect echo. Just stand with both your feet on the “1847,” face Straz, and start talking. “You’re the only one who can hear you, but you’ll be crystal clear,” promises English and theatre alumna Mikaley Osley.

    • Our Great Lake provides Carthage students with some amazing views. Think classes on the beach, lake views from the lab, and sunrises from your dorm room. “I love waking up in the morning with the sun shining off the lake. Nothing compares to the view in the morning,” says biology and neuroscience major Ann O’Leary.

    • Carthage awards up to 30 Presidential Scholarships each year, which range from 75% tuition up to full tuition, room, and board. Learn more.

    • For a full decade, NASA has selected Carthage students to conduct research aboard its zero-gravity aircraft. Lately, the stakes have risen. A team of underclassmen is grinding to prepare a tiny but powerful Earth-imaging satellite for launch to the International Space Station. Learn more about the space sciences at Carthage

    • Carthage is the only college or university in the Midwest where every freshman takes a full-year sequence of foundational texts of the Western intellectual tradition. Learn about the Carthage core.

    • With a student-faculty ratio of 12:1, your professors will know who you are. They will also know who you want to be — and how to get you there. Meet our faculty.

    • There are more than 120 student organizations on campus, from Amnesty International to Chemistry Club, to Frisbee and Latin Belly Dancing. See how easy it is to get involved.

    • True story: There are more than 27 art galleries, a dozen museums, and nine theatres within 25 miles of Carthage. Some highlights: The nationally recognized Racine Art Museum, the world-renowned Art Institute of Chicago, and the Milwaukee Art Museum. Learn more about our location.

    • What’s better than one professor? Two professors. What’s better than two professors? Two professors from totally different fields teaching a single class. There’s debate. Discussion. Differing perspectives. This is where the magic happens. That’s why every student takes a Carthage Symposium.

    • Imagine presenting your original research at an international conference — as an undergraduate. Carthage is dedicated to undergraduate research. Learn more about current opportunities.

    • You can’t hide here — not with only 17 other students in the classroom with you. That’s going to be rough some mornings. But later, when you’re able to argue your point of view thoughtfully, express your opinions succinctly, and meet challenges head-on, without fear … Yep, you’ll thank us.

    • Carthage is ranked No. 11 in the country for student participation in short-term study abroad. Every J-Term, hundreds of students travel all over the world on faculty-led study tours. Imagine a month in Sweden, Rome, Cuba, Senegal, India, Japan …

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