How Managerial Decisions are Made
- Course Number: B1219
- Credits: 2 hours
- Instructor: Ellen Huang, PE
- Price: $20
Course Outline
Increasingly, managers are being expected to make precise business decisions, to minimize waste and maximize profits. Creating a business plan without preparation is a recipe for disaster. The fundamental principles and methods of making sound business decisions explained in this course will make it less likely to encounter common judgment failures.
At the end of this course, there will be a multiple-choice, open-book quiz, which is designed to enhance your understanding of the course material.
Learning Objectives
At the conclusion of this course, the student will:
- Know cost characteristics and their impact on decisions;
- Understand general frameworks for making rational business decisions;
- Be able to make capital expenditure decisions;
- Know compound interest and present value; and
- Be able to use tools for evaluating capital projects