Overview: Key Business Types, the Management Cycle, Transaction Cycles & Accounting

The purpose of this Module is to help you learn about the key business types that businesses employ to generate profits (i.e. manufacturer, wholesaler, retailer, service provider and hybrid).

In addition, you will learn about a couple different cycles used in business. Just like the image to the right visually describes the water cycle, the topics in here should help you understand the management cycle that management uses to achieve its objectives, and the financial transaction cycles that help management prepare the accounting reports for internal management and external decision makers.

To Complete This Module

To complete this module, you will need to study all of the content pages and successfully complete the related topic and module quizzes. To successfully complete quizzes you need to achieve a score of at least 4 out of 5 for topical quizzes and achieve a score of at least 8 out of 10 for the module quiz. You may take and re-take quizzes as many times as necessary to master the material and get your passing score.

To track which content pages you have viewed and which quizzes you have successfully completed, click the "Modules" link on the course menu on the left. A green check mark will appear to the left of each “Study” page that you have viewed and by each “Quiz” that you have successfully completed in the module.

I anticipate that this module will take about 2 hours to complete.