BB42 Business Management II – Essential Standards and Objectives

BB42 Business Management II – Essential Standards and Objectives

1.00

Understand the controlling role of management

1.01

Describe the nature of managerial control

1.02

Explain the concept of productivity

1.03

Explain the nature of quality management

1.04

Explain the nature of change management

2.00

 Understand how managers manage supply chains and inventory

2.01

Explain the concept of supply chain

2.02

Discuss types of inventory

2.03

Maintain inventory of supplies

3.00

 Understand how managers implement safety and security procedures to minimize chance for loss

3.01

Explain the nature of risk management

3.02

Determine the relationship between government and business

3.03

Maintain a safe work environment

3.04

Explain routine security precautions

3.05

Follow established security procedures/policies

4.00

Understand how managers protect company data, information, and knowledge

4.01

Discuss the nature of information management

4.02

Explain information privacy, security, and confidentiality considerations in business

4.03

Protect company information and intangibles

4.04

Maintain data security

5.00

Understand financial analysis and managing financial resources to ensure solvency

5.01

Describe the need for financial information

5.02

Describe the nature of budgets

5.03

Explain the role of managerial accounting techniques in business management