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University Catalog

Business Management Major (Bachelor of Science)

Vision Statement

Consistent with the mission of the University of Maine at Fort Kent, a regional university that serves the needs of the St. John Valley and the state of Maine, the Business Management Program fosters excellence in scholarship and academic achievement in an interactive educational environment.


Mission Statement

The mission of the Business management program is to develop students as liberally-educated citizens, life-long learners in a changing world, proficient business managers and entrepreneurs.


Program Description/Goals

The Business Management program strives to:

  1. Offer a broad selection of management concentrations to meet the needs of our stakeholders (Stewardship);
  2. Provide excellence in teaching and learning (Learning);
  3. Prepare students for careers in areas of business that satisfy students’ wishes and employers’ needs (Collaboration);
  4. Educate students in the liberal arts in order to broaden their horizons and deepen their understanding of society and the world (Citizenship); and
  5. Establish and nurture an institutional culture of systemic quality improvement (Excellence).

Student Learning Outcomes

The Business Management program prepares students for careers in business. The objectives of the program are that the graduate will be a knowledgeable, proficient, well-rounded, professional person who is literate, numerate, and analytical; this person will be appreciative of the arts and sciences as well as possess skills in interpersonal communication and leadership. 


Accreditation

The University of Maine at Fort Kent has received specialized accreditation for its business and business related programs through the International Assembly for Collegiate Business Education (IACBE), located in Lenexa, Kansas.

In accordance with IACBE accreditation guidelines, the following student outcomes are assessed annually and reported on the UMFK website:

  1. The student will be a liberally-educated citizen.
  2. The student will be a life-long learner.
  3. The student will be a proficient business manager.
  4. The student will develop entrepreneurial skills.

Program Requirements

CRN Course Name Credits
ECO 100 Intro to Macroeconomics 3 credits
ECO 101 Intro to Microeconomics 3 credits
BUS 100 Accounting Principles I 3 credits
BUS 101 Accounting Principles II 3 credits
BUS 211 Principles of Business Management 3 credits
BUS 222 Introduction to Marketing 3 credits
BUS 234 Financial Analysis and Planning 3 credits
BUS 336 Business Law I 3 credits
BUS/ELC 200 Intro to E-Commerce 3 credits
BUS 411 Business Policy & Strategic Planning (Capstone) 3 credits
BUS 411L Student Electronic Portfolio 1 credit
  Concentration areas (select one option)* 24-27 credits
BUS 397 Business Internship 8-12 credits
Total 63-67 credits

Required Support Courses

(These requirements fulfill part of the general education requirements.)

CRN Course Name Credits
MAT 280 Finite Math II: Linear Models and Math of Finance 3 credits
MAT 351 Statistics I 3 credits
BUS 219 Business & Professional Speaking OR  
    COM 200     Speech 3 credits
BUS 260 Business Ethics OR  
    HLT 386     Healthcare Policy OR  
    HCA 413     Healthcare Ethics and the Law 3 credits

*Select one of the following concentrations:


Accounting (27 credits)

BUS 302 Intermediate Accounting I, BUS 303 Intermediate Accounting II, BUS 314 Auditing and Forensic Accounting, BUS 304 Federal Taxation I, BUS 305 Federal Taxation II, BUS 308 Managerial Accounting, BUS 343 Human Resources Management, BUS 409 Principles of Investment Management and COS 221 Advanced Excel.


E-Business (24 credits)

BUS 300 Principles of Corporate Finance I, BUS 343 Human Resources Management, BUS 409 Principles of Investment Management, COS 125 Webpage Design, COS 206 Introduction to Information Security, ELC 310 Introduction to E-Marketing or BUS 316 Global Electronic Marketing, BUS 348 Project Management, and BUS 332 Small Business Management.


Entrepreneurship & Marketing (30 credits)

BUS 207 Principles of Insurance, BUS 300 Principles of Corporate Finance I, BUS 304 Federal Taxation I, BUS 308 Managerial Accounting, BUS 332 Small Business Management, BUS 343 Human Resources Management, BUS 348 Project Management, COS 125 Webpage Design, ELC 310 Introduction to E-Marketing or BUS 316 Global Electronic Marketing, and ECO 318 Managerial Economics.


Finance (27 credits)

BUS 207 Principles of Insurance, BUS 300 Principles of Corporate Finance I, BUS 301 Principles of Corporate Finance II, BUS 304 Federal Taxation I, BUS 305 Federal Taxation II, BUS 343 Human Resources Management, BUS 409 Principles of Investment Management, BUS 410 Investments: Technical Analysis or ECO 320 International Trade and Finance.


Financial Services (27 credits)

BUS 207 Principles of Insurance, BUS 300 Principles of Corporate Finance I, BUS 327 Salesmanship, BUS 341 Business Negotiations, BUS 304 Federal Taxation I, BUS 343 Human Resource Management, BUS 409 Principles of Investment Management, and BUS 337 Business Law II or BUS 410 Investments: Technical Analysis and COS 221 Advanced Excel.


Forest Management (AS Forest Technology plus 6 credits)

Completion of AS in Applied Forest Management, BUS 343 Human Resources Management and BUS 308 Managerial Accounting.


Healthcare Administration (24 credits)

BUS 207 Principles of Insurance, HCA/BUS 308 Managerial Accounting, BUS 343 Human Resources Management, HCA/PSA 312 Grant Writing, HCA 321 Healthcare Finance, HLT 386 Healthcare Policy or HCA 413 Healthcare Ethics and the Law, HCA/NUR 401 Health Related Research, and HLT 407 Leadership & Management in Healthcare.


Human Resources (24 credits)

COS 206 Intro to Information Security, BUS 207 Principles of Insurance, BUS 300 Principles of Corp Finance or BUS 308 Managerial Accounting, BUS 337 Business Law II, BUS 341 Business Negotiations, BUS 343 Human Resources Management, BUS 344 Organizational Behavior, and BUS 430 Employee Compensation, Benefits and Retirement Programs.


Sports Management and Representation (27 credits)

BUS 204 Introduction to Sports Law, BUS 300 Principles of Corporate Finance I, BUS 308 Managerial Accounting, BUS 341 Business Negotiations, BUS 343 Human Resources Management, BUS 348 Project Management, BUS 430 Employee Compensation, Benefits & Retirement Programs, PHE 341 Sports Management and PHE 163 Principles of Coaching.


Technical Specialty (AS or AAS in approved technical program plus 6 credits)

Completion of AS or AAS in approved technical program, BUS 343 Human Resources Management and BUS 308 Managerial Accounting.


Techniques for Assessment

  1. Comprehensive exam of core business skills required prior to graduation.
  2. Internship evaluations in area of concentration.
  3. Individual student electronic portfolio with demonstrations of knowledge and skills.
  4. Graduate and Alumni Surveys.

Suggested Course Sequencing

Fall Semester Freshman Year

CRN Course Name Credits
HUM 102 First-Year-Experience 3 credits
BUS 100 Accounting Principles I   3 credits
BUS 211 Principles of Business 3 credits
COS 103 Introduction to Information Technology 4 credits
ENG 100 English Composition I 3 credits
Total 16 credits

Spring Semester Freshman Year

CRN Course Name Credits
BUS 101 Accounting Principles II 3 credits
BUS 222 Introduction to Marketing 3 credits
MAT 280 Finite Math II 3 credits
BUS 219 Business and Professional Speaking 3 credits
ENG 101 English Composition II 3 credits
Total 15 credits

Fall Semester Sophomore Year

CRN Course Name Credits
ECO 100 Introduction to Macroeconomics 3 credits
BUS 234 Financial Analysis and Planning 3 credits
BUS 336 Business Law I 3 credits
MAT 351 Statistics I 3 credits
BUS 260 Business Ethics 3 credits
Total 15 credits

Spring Semester Sophomore Year

CRN Course Name Credits
ECO 101 Introduction to Microeconomics 3 credits
ELC/BUS 200 Introduction to Electronic Commerce 3 credits
  Concentration requirements 6 credits
  General Education - Natural Science 4 credits
Total 16 credits

Fall Semester Junior Year

CRN Course Name Credits
  Concentration requirements 6 credits
  General Education - History 3 credits
  General Education - Foreign Languages 3 credits
  Electives 6 credits
Total 18 credits

 

Spring Semester Junior Year

CRN Course Name Credits
  Concentration requirements 9 credits
  General Education - Visual and Performing Arts 3 credits
  Electives 6 credits
Total 18 credits

Fall Semester Senior Year

CRN Course Name Credits
  General Education - Literature 3 credits
  Electives 12 credits
Total 15 credits

Spring Semester Senior Year

CRN Course Name Credits
BUS 411 Business Policy & Strategic Planning 3 credits
BUS 411L Student Electronic Portfolio 1 credit
BUS 397 Business Internship 12 credits
Total 16 credits