Economics for Business Studies: Does it Matter?

Does the Performance on Principles of Economics Courses Affect the Overall Academic Success of Undergraduate Business Majors?

Rupert G. Rhodd, Sandra M. Schrouder and Marcus T. Allen

Abstract: Using a sample of 1,339 graduates from an accredited business school and the maximum likelihood technique, this paper explores the relationship between overall academic success and performance on the Principles of Economics courses. The estimated model, which also includes some demographic variables, shows that the rank of professors teaching the course, age of students, and the number of credits earned do not influence business majors’ overall academic success. However, the grades earned on the Principles of Economics courses, gender, ethnicity, the major in which the student is enrolled, the number of years the student takes to graduate, as well as whether or not the student is completing a minor significantly affect the overall academic success or the final GPA of business majors.

How to design a questionnaire

The most common research instrument is the questionnaire. Poorly designed questionnaires do not uncover the information you are seeking. Pretest any question with a few people to see which questions are being misunderstood or are not effective in drawing out the type of response you are interested in.

Keep these tips in mind when designing your market research questionnaire.

• Keep it simple.
• Include instructions for answering all questions included on the survey.
• Begin the survey with general questions and move towards more specific questions.
• Keep each question brief.
• If the questionnaire is completed by the respondent and not by an interviewer or survey staff member, remember to design a questionnaire that is graphically pleasing and easy to read.

Read more of this article at dineshbakshi.com and find additional business studies, economics and accounting revision notes

Disney to buy Marvel Entertainment

Entertainment giant Walt Disney is to buy Marvel Entertainment in a shares and cash deal valued at $4bn (£2.5bn).
The boards of Disney and Marvel have both approved the deal, which now needs the backing of Marvel shareholders and competition authorities.

Read full article on this deal click here

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Strategic Management Revision notes

Strategic Management

Strategic or institutional management is the conduct of drafting, implementing and evaluating cross-functional decisions that will enable an organization to achieve its long-term objectives.It is the process of specifying the organization's mission, vision and objectives, developing policies and plans, often in terms of projects and programs, which are designed to achieve these objectives, and then allocating resources to implement the policies and plans, projects and programs.

for more A Level Business studies revision notes click here

5 Solved examples on Decision Tree topic

Decision Trees are useful tools for helping you to choose between several courses of action.

They provide a highly effective structure within which you can explore options, and investigate the possible outcomes of choosing those options. They also help you to form a balanced picture of the risks and rewards associated with each possible course of action.

This makes them particularly useful for choosing between different strategies, projects or investment opportunities, particularly when your resources are limited. 

This topic is not covered in the IGCSE syllabus but is relevant to A Level Business Studies students.

Click here to goto revision notes on Decision tree

Click here to download questions (with solutions) on decision tree

WordSearch Quizzes on dineshbakshi.com

10 new quizzes have been uploaded to the Business Studies section of dineshbakshi.com. These are new type of quizzes, different from the earlier ones. Few terms have been given on the right column and the students have to search these words from a matrix of jumbled words. Main idea is to familiarize the students with business studies terms. It can be used in classrooms by the teachers to get the students as an ice breaking activity. By the end of each quiz students will be well acquainted with the terms. Students can also use it as a challenge to find the words in the minimum time. Whatever the use may be the basic idea is 'ITS LEARNING THE FUN WAY"
So go ahead and enjoy!
Click here to goto the WordSearch Quiz Section

Case study - Human resource management

Case study on Human resource is available on dineshbakshi.com. This case study covers important aspect like piece rate and time rate methods of payment, motivation, health and safety issues in an organisation.

Click here to goto the Case study

Another worksheet- structured question is available on Motivation topic. This worksheet on motivation tests students on financial and non-financial methods of motivation and evaluates their effectiveness in a work environment.

Click here to go to the Worksheet