Business Practices and Principles

Workbook Overview

This workbook is to understand the general principles of business. Overall business principles are used in both for-profit and nonprofit institutions. This workbook provides an overview of these key principles.

As you progress through your business education, personal, non-profit, church, and civic organization you will discover that this book is devoted to some of the topics that we take you to the next level in business. This product will enable the student to learn about personnel management, leadership, and motivational techniques.

This workbook is a survey of the functions of business, a comparison of the forms or organizations and methods of administration, and the interdependence of production, distribution and finance in modern business.

For some of you, this workbook may be one of the first that you have taken at the college level. Your future academic success may be influenced by how well you perform. Nothing worth having is easy to acquire. The same is true with your business.

Read, take notes, and participate. If you do all of these things, you will discover that business can be successful and it is not difficult, just rigorous.

Course Relevance

The principles learned in this workbook will allow the student to understand the various forms of business domestically and globally. The principles are relevant for everyone, from those entering the workforce for the first time to aspiring entrepreneurs.

The workbook also has tips for daily living and your personal finances.

Course Objectives

Upon completion of the workbook the student should be able to:

• Explain the different types of business structures and the benefits of each type
• Define at least three theories of motivation and explain their application
• Understand the basic concepts of interviewing, hiring, training, and employee discipline
• Understand the basics of business entities
• Discuss why businesses exist, how they are structured, and how they are relevant to Federal laws regulations
• Read & understand a basic income statement or cash flow projections
• Apply the principles of marketing to any business situation
• Know the relevant United States laws concerning hiring, discrimination and disabilities
• Be able to find resources to assist in the enhancement of your personal life or business

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