There are five content areas, called domains, on the test. Each content area tests in several categories. Finance: Tests knowledge of money matters, such as comparing and contrasting investment strategies Banking and financial services, including how to utilize banking information systems Securities and investments, which includes selecting client investments and calculating asset values Insurance operation, which includes techniques to identify fraud Basic and advanced accounting by showcasing critical thinking skills independently and in teams Financial analysis to solve... Show more There are five content areas, called domains, on the test. Each content area tests in several categories. Finance: Tests knowledge of money matters, such as comparing and contrasting investment strategies Banking and financial services, including how to utilize banking information systems Securities and investments, which includes selecting client investments and calculating asset values Insurance operation, which includes techniques to identify fraud Basic and advanced accounting by showcasing critical thinking skills independently and in teams Financial analysis to solve problems Probability calculations to forecast outcomes and manage risk, including strategies to explore a career in risk management Business Management: Tests knowledge of business ownership and entrepreneurial skills and procedures, which includes managing activities to ensure purchasing and quality control efficiency Principals of management in the business environment, including understanding the role of management Human relations and resource management Ethics, Law, Business Communication and International Business: Tests knowledge of ethical issues and social responsibility in business and personal behavior, including analyzing ethical consideration in business Business law International business Effective communication, including using technologies to produce business documents Technology and Information Systems: Tests effective use of computer systems Information technology, which includes understanding terms and concepts information management systems and information technology applications, which includes the role of e-commerce Confidentiality, security and data integrity as they relate to computer technology, includes ethical and legal issues related to confidentiality Leadership and Career Development: Examines career development and leadership opportunities, including employment law and regulation Interpersonal and relationship skills in a business environment, including selecting and training employees Leadership and community services Show less
There are five content areas, called domains, on the test. Each content area tests in several categories.
Finance: Tests knowledge of money matters, such as comparing and contrasting investment strategies Banking and financial services, including how to utilize banking information systems Securities and investments, which includes selecting client investments and calculating asset values Insurance operation, which includes techniques to identify fraud Basic and advanced accounting by showcasing critical thinking skills independently and in teams Financial analysis to solve problems Probability calculations to forecast outcomes and manage risk, including strategies to explore a career in risk management
Business Management: Tests knowledge of business ownership and entrepreneurial skills and procedures, which includes managing activities to ensure purchasing and quality control efficiency Principals of management in the business environment, including understanding the role of management Human relations and resource management
Ethics, Law, Business Communication and International Business: Tests knowledge of ethical issues and social responsibility in business and personal behavior, including analyzing ethical consideration in business Business law International business Effective communication, including using technologies to produce business documents
Technology and Information Systems: Tests effective use of computer systems Information technology, which includes understanding terms and concepts information management systems and information technology applications, which includes the role of e-commerce Confidentiality, security and data integrity as they relate to computer technology, includes ethical and legal issues related to confidentiality
Leadership and Career Development: Examines career development and leadership opportunities, including employment law and regulation Interpersonal and relationship skills in a business environment, including selecting and training employees Leadership and community services
Management Approach
Characteristic
1. Classical Theory
A. Productivity can be improved through the application of mathematical models
2. Behavioral Theory
B. Understanding the worker’s perspective is key to successful management
3. Management Science Approach
C. There is no single “correct” theory; instead, managers should apply the theory that is most sensible in a given situation
4. Contingency Approach
D. Productivity can be maximized by presenting the right combination of incentives, and correctly designing jobs
Cost
Franchise fee
Average gross monthly revenue
Average monthly expenses
Business A
$500,000
5% of gross revenue
$20,000
$15,000
Business B
$440,000
4% of gross revenue
$16,000
$10,000
Business C
$320,000
None
$5,000
Business D
$175,000
$8,000
Investor A
Investor B
Investor C
Investor D
Stocks
20%
85%
70%
50%
Bonds
10%
Cash
5%
0%
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