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Internet · Career & Techical Education · Business

Business Principles

  • Summer 2 2021
  • Section NT1
  • 3.0 Credits
  • 07/13/2021 to 08/16/2021
  • Modified 04/27/2021

Based on recommendations from the CDC and other governmental agencies, the content delivery method for this course may need to be modified.

Meeting Times

Contact Information

Office Hours


3 lec (3 Cr.) This course provides a survey of economic systems, forms of business ownership,  and considerations for running a business. Students will learn various aspects of business management and leadership functions, organizational considerations, and decision-making processes. Financial topics are introduced including accounting, money and banking, and securities markets. Also included are discussions of business challenges in the legal and regulatory environment, business ethics, social responsibility, and international business. Emphasizes the dynamic role of business in everyday life.


Upon completion of the core curriculum, students are expected to demonstrate competence in all of the core objectives listed in the college catalog. The overall content of this course is designed to enhance skills in each of the following core objectives.

  • Critical Thinking Skills - to include creative thinking, innovation, inquiry, and analysis, evaluation and synthesis of information
  • Communication Skills - to include effective development, interpretation and expression of ideas through written, oral and visual communication
  • Empirical and Quantitative Skills - to include the manipulation and analysis of numerical data or observable facts resulting in informed conclusions
  • Social Responsibility - to include intercultural competence, knowledge of civic responsibility, and the ability to engage effectively in regional, national, and global communities
  • Personal Responsibility - ability to connect choices, actions and consequences to ethical decision making
  • Teamwork - to include the ability to consider different points of view and to work effectively with others to support a shared purpose or goal.


Upon completion of this course, the student will be able to:

(SLO 1) Identify major business functions of accounting, finance, information systems, management, and marketing. (SLO Assignments 4, 5, 6)(Critical Thinking)

(SLO 2) Describe the relationships of social responsibility, ethics, and law in business. (SLO Assignment 2)(Critical Thinking, Social Responsibility)

(SLO 3) Explain forms of ownership, including their advantages and disadvantages. (SLO Assignment 3)(Critical Thinking)

(SLO 4) Identify and explain the domestic and international considerations for today’s business environment: social, economic, legal, ethical, technological, competitive, and international. (SLO Assignment 1)(Critical Thinking)

(SLO 5) Identify and explain the role and effect of government on business. (SLO Assignments 1, 2, 3)(Critical Thinking)

(SLO 6) Describe the importance and effects of ethical practices in business and be able to analyze business situations to identify ethical dilemmas and ethical lapses. (SLO Assignment 2)(Critical Thinking, Social Responsibility)

(SLO 7) Describe basic financial statements and show how they reflect the activity and financial condition of a business. (SLO Assignment 6)(Critical Thinking/Empirical and Quantitative Skills)

(SLO 8) Explain the banking and financial systems, including the securities markets, business financing, and basic concepts of accounting. (SLO Assignment 6, Stock Trading Game)(Critical Thinking)

(SLO 9) Explain integrity, ethics, and social responsibility as they relate to leadership and management. (SLO Assignment 2)(Critical Thinking, Social Responsibility)

(SLO 10) Explain the nature and functions of management. Identify strengths, weaknesses, opportunities, and threats of information technology for businesses. (SLO Assignment 4)(Critical Thinking)


Required and Optional Materials

Visit the Navarro College Bookstore:

Understanding Business

  • Author: Nickles, McHugh, McHugh
  • Publisher: McGraw Hill
  • Edition: 12
  • ISBN: 9781260211061
  • Availability: Inclusive-Access

This book is an inclusive access book. 

Assignments and Activities

General Guidelines to Make Class Successful



Welcome to the class!!! Thank you so much for being a part of this class. Please know if I can be of help, I am always available to you,


I want to create a clear understanding of the expectations for this class. I want this to be an enjoyable class, but it is important to have some ground rules and a good understanding.


On the first day, post your introduction. You will have until Friday of the first week of class or the date posted in your canvas class. Failure to post your introduction on time will result in the student being dropped from the class.


Please come to class prepared. While we are in class, cell phones, earbuds, and unnecessary devices are PROHIBITED.  Laptops are allowed with certain provisions. Please see the professor. If the student has an emergency call they are expecting, they must notify the professor prior to class. Students are expected to conduct themselves in a professional manner. Failure to comply with these requirements will result in a penalty.


It is important to come to class prepared. Students will be graded on their preparedness.


It is imperative that you check the announcements daily for new information. This is my way of communicating with you as a group. It is your responsibility to read the announcements and to stay up to date with what is going on. Understand that I will accept no excuse for not reading these announcements.


On the first week of class, the students will be placed in a group. This group is for the creation of a business plan. The business plan will consist of five projects known as Team Project. Throughout the semester, the groups will be submitting a Team Project. These Team Projects will collectively produce the group's business plan. I normally wait a couple of days before posting these groups to allow everyone to settle into the class.  Upon the posting of the groups, it is imperative that you contact your group members. Failure to contact your group members will result in the student being heavily penalized. No exceptions. Please understand, claiming "I did not know who was in my group", "I did not know what to do", or "I tried to contact them, but no one contacted me" are no excuses and will not be accepted. My job is to prepare you for your career and providing excuses for non-participation is not accepted in the workplace or within this class.

Please understand that students are placed in a group arbitrarily. These groups have a tendency to fluctuate. Due to students dropping the class, group numbers can decrease from their original number.


Each member of the group will participate in team projects. In fact, students will have an opportunity to grade their group members after each project. On these peer-review evaluations, like all other assignments, they must be submitted in accordance with the calendar. Submitting these peer-review evaluations or any assignment late, will not be counted as credit.


Within a couple of days of the groups assignments being posted, each group must select a leader for their group. Once selected a leader, the group will contact the professor indicating they have been selected as their group leader. 


Students will be dropped from the class for having excessive absences. It is imperative that students are in attendance.


It is important that students understand that there are no makeups for missed assignments. Regarding exams, the exam cannot be reset or restarted. Therefore, it is important that the student be on a reliable computer and that the student complete their assignments days ahead of the due date.


It is very important that each student read their syllabus and become familiar with the assignments, due dates, and expectations. I am eager to help each and every one of you, but before asking a question, be sure you have read your syllabus and checked the announcements. 




Team Project


You will build a Business Plan in five (5) parts. Each part of this paper will be completed as a team project. The first 5 parts are graded as a group, you will turn in a PEER REVIEW form this coupled with my observations will be used to award a percentage of point on the Capstone. 

Once you have completed each portion of the project you will be required to assemble them and present them as your capstone project.  This project is graded and then points are awarded to each student based on these factors, participation observed by instructor, participation reported by teammates, how many peer reviews you completed, how accurate those reviews are based on the other reports for your team makes.

Your team grade will be based on your initial submission, your capstone will be graded individually based on your team project and how well you personally have made the requested changes and compiled the additional information that is requested during class. 

In the class under pages you can locate the Team project page from this point you can review the requirement from each portion of the paper.

The Rubric for each assignment will assist you in completing the assignment for maximum points. 

There are five parts to your final project.
These should all be completed as a team.

Project #1 Company Overview

Project #2 SWOT analysis

Project #3 Human Resource Marketing

Project #4 Marketing Plan

Project #5 Financial Statements

CAPSTONE Project, is a complete business plan with all 5 parts or 4 parts for a 8 week class and a digital presentation (think shark tank) that you will upload or present in class.


Grading Criteria

Grade criteria will conform to the established policy of Navarro College as stated in the College catalog: A=90-100%; B=80-89%; C=70-79%; D=60-69%; F=59% or below.

Course Policies

Instructional Methodologies

Face to Face  Hybrid Online

Face to face courses are taught in a traditional classroom format. 

Courses classified as “Hybrid” in the course schedule (identified with the letter ‘H’ in the course section designation) will use a combination of face-to-face classroom and online instructional methods. A minimum of 50 percent of the course must be taught online to be classified as a hybrid course.

Students must have regular access to a computer and a reliable internet connection, either on campus or in a personal setting, to complete all assignments.

In addition to traditional lecture, Navarro College uses the Canvas Learning Management System to provide course materials and activities assigned by the instructor. Access user information here:

To access Canvas:

(1) Go to: 
(2) Enter your User Name (MyNC ID) and Password
(3) Click on the Canvas icon and locate your course in your Canvas Dashboard.

Please note some courses will also use materials provided by the publisher and require the student to have an access code in order to complete assignments, activities, and exams. Please see the Materials section of this syllabus to determine if an access code will be necessary for this course.

Final Exams

Students are required to take final exams during the posted final exam week and should not make travel reservations or other plans which would require them to request a rescheduled final.  Requests to take final exams early, or at a time other than indicated on the final exam schedule, must be approved by the appropriate Executive Dean and are granted only in exceptional circumstances. Personal or family travel plans are not deemed as exceptional circumstances.

Confidentiality and Mandatory Reporting

Students may choose to share personal information or experiences, as appropriate, in written assignments, class discussions, presentations, and conferences with instructors. While instructors and other college employees will strive to keep personal student information private, they are required to report information about sexual misconduct, childhood abuse, and criminal activity to the proper authorities. Students may speak to someone confidentially by contacting NorthSTAR Mobile Crisis at 1-800-260-8000 or the Navarro College Licensed Counselor at 903-875-7393.

Course Content and Rigor

College-level courses may include controversial, sensitive, and/or adult material. Students are expected to have the readiness for college-level rigor and content.


All Navarro College students are required to use their Navarro College email to correspond with instructors and other Navarro College personnel.

Academic Integrity

Students are expected to do their own work at all times. Cheating is a serious offense with serious consequences which may include any of the following:  a grade of zero, course failure, or removal from a program.

Student Conduct

All students enrolled in classes at Navarro College shall follow the tenets of common decency and acceptable behavior conducive to a positive learning environment. Behavior deemed by the instructor to be disruptive may result in the student being dropped from the course.

Subject to Change

The Course Syllabus and/or the Course Calendar may be changed as the term progresses at the discretion of the department and/or instructor.

Late/Make-Up Work

Institutional Policies

Students are expected and required to have read the Student Handbook and to consult appropriate sections of the College Catalog for general academic information.

Attendance and Preparation

Face to Face and Hybrid Online

Regular and punctual class attendance is expected at Navarro College as a key element for student success. Excessive absenteeism is defined as two consecutive weeks of instruction in a 16-week semester (or the equivalent in any shorter term) and may result in being dropped from the course.

Students who miss class to participate in a co-curricular activity must have written permission (e-mail accepted) from a coach/director and must make prior arrangements with the instructor to take an examination or complete an assignment scheduled for that day. 

Regular (daily or weekly) online work is a key element for student success in an internet-based class.  Students must complete the first assignment by the designated deadline to document participation in the course.  The instructor will drop any student who fails to complete an assignment by the deadline provided in Canvas.

Although the instructor MAY withdraw a student from the class for insufficient participation the RESPONSIBILITY for dropping a class belongs to the student! Insufficient participation is defined as not logging in and completing assignments for the equivalent of two consecutive weeks.  If you are unable to complete the course, you should formally drop it.

  • Additional information regarding attendance requirements is available in the Navarro College Catalog.
  • You may drop this class by completing an online form. It is the student's responsibility to visit with his or her instructor concerning course status before submitting the required paperwork to the Office of Admissions and Records to drop this class. Additional information about dropping a class may be found in the Navarro College Catalog.
  • Failure to withdraw by the deadline may result in your name remaining on the class roll, resulting in a grade of ‘F’ at the end of the semester. 
  • A student who foresees educational issues related to pregnancy, postpartum recovery, or other physical or mental health matters is strongly encouraged to notify the College as soon as possible.  By doing so, the student and College personnel can collaborate and develop an appropriate plan for the continuation of the student's education.  Pre-planning when possible also may help with particular challenges a student faces while pregnant, when recovering from childbirth, or in response to a physical or mental health concern (e.g., missed classes, make-up work).  The choice to inform the College of any health concern is voluntary. A student is not required to share this information with the College. A student may choose to consult a College counselor or the Office of Disability Services before deciding whether or not to disclose any health-related information.
  • If you are receiving financial aid grants or loans, you must ATTEND AND PARTICIPATE in all classes FROM THE FIRST CLASS DAY.  Do not drop or stop attending any class without consulting the Financial Aid Office. Changes in your enrollment level and/or failing grades may require you to repay financial aid funds.  
  • All students receiving Veterans Administration (VA) benefits must notify the Veteran’s Certifying Official of any enrollment changes as soon as they are made. The Veterans Affairs benefit recipient needs to be aware that the VA may require repayment of all benefits received since the beginning of a semester for any course in which a “W” grade is received
  • According to current Texas law, dropping a course may have serious academic consequences. Under most circumstances, a maximum of 6 courses may be dropped throughout the entire undergraduate degree program. Before you decide to withdraw from this or any other course, make sure you understand the consequences. For more information see the Office of the Registrar.

MyNC Single Sign-On

MyNC Single Sign-On:

The MyNC Single Sign-On page provides one-stop access to several student resources, such as the MyNC Portal, Canvas, Office365 (Student Email), and Self-Service.

For Login Instructions, please visit: 

For Login Assistance, please contact:

OneStop Service Desk
Phone: (903) 875-7416
Email: [email protected]

Your privacy is extremely important.  Please DO NOT SHARE your account information with anyone.

Always include full name and date of birth, phone number, and valid email address when contacting the One-Stop Service Desk. Navarro College will not disclose sensitive account access information with anyone other than the student regardless of student’s age.

For Assistance with Canvas, please contact:

Matt Miller, Dean of Online Instruction
Phone: (903) 875-7422
Email: [email protected]

Links to Important Information

Academic Decorum:

Includes:  Civility, Being a Successful Student, Classroom Decorum, Change of Grade, Grade Challenge Procedure, Academic Dishonesty, and User Responsibilities for IT Resources/Penalties for Violation of Technology Policy, Tobacco Use Policy

Academic Integrity:

College Catalog:

Campus Safety:

Family Education Rights and Privacy Act (FERPA):

Student Rights and Responsibilities:

Student Handbook:

Links to Campus Services

Bulldog Life: Learning. Living. Launching: 

Navarro College's Bulldog Life is a student success service to all students. Opportunities include Canvas courses, meaningful activities, Culture of Caring and travel opportunities. Bulldog Life is a self-guided experience. We know that every student is in a different stage in life. 

Counseling Services: 

The Counseling Center is staffed by licensed counselors who provide brief counseling, assessment, referral, and crisis intervention services to currently-enrolled Navarro College students. The Navarro College Counseling Center is free, confidential, and available to all enrolled NC students.

Testing Center Hours and Contact Information:

Online Proctored Testing Information:

Library Services:

Tutorial Services:

NOTE: In addition to Navarro College tutoring services, students also have access to free 24/7 tutoring by visiting UpSwing ( and logging in to their UpSwing account.  If you're a new user, click NEW USER to create an account.

Disability Services: 

It is the responsibility of the student to contact Navarro College Disability Services Office to request accommodations.

The instructor is committed to helping each student reach his/her academic potential and to providing every student equal opportunity to participate in and engage with the course.  In keeping with this commitment, effort has been made to develop accessible learning materials that provide equal access.  Please contact the instructor immediately if access to course materials is restricted due to a disability so the issue(s) can be resolved in a timely manner.

Student Support and Administrative Services:


This is a rigorous class and will take at least 3 hours a week to be successful.  

Your assignment due dates are below, if there is a discrepancy between these dates and the date in Canvas assume the date in canvas is correct.  We do not record changes that have occurred in the Syllabus after the start of the semester