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Business Math for Managers OPMT 3510

Operations Management Course

Course details

This course discusses mathematics of finance concepts applicable to business and industry. Topics include retail operations, simple and compound interest, discounts, annuities, financial papers and depreciation methods. Emphasis is on practical applications to business management.

Prerequisite(s)

  • No prerequisites are required for this course.

Credits

4.0

Cost

$738.71

Course offerings

Winter 2023

Below is one offering of OPMT 3510 for the Winter 2023 term.

CRN 85305

Duration

Thu Jan 05 - Thu Apr 13 (15 weeks)

  • 15 weeks
  • CRN 85305
  • $738.71
Class meeting times
Dates Days Times Locations
Jan 05 - Apr 13 Thu 18:00 - 20:00 Burnaby SE06 Rm. 208
Jan 05 - Apr 13 N/A N/A Online
Instructor

Sam Choo

Course outline

View

Cost

$738.71

Important information
  1. Departmental approval needed
  2. This course is restricted to students currently enrolled in the Advanced Diploma in Business Management. Students accepted into the program starting fall 2021 or later were automatically granted approval to register. Students accepted before fall 2021 can email advdip@bcit.ca with their name and ID for registration approval. This is a hybrid course. Lecture content will be delivered asynchronously, and labs will be held in-person at the Burnaby campus on Thursdays.
Status

In Progress

This course offering is in progress. Please check back next term or subscribe to receive email updates.

Learning Outcomes

Upon successful completion, the student will be able to:

  • Apply concepts of proportion and percent to business areas such as mark-up, discounts, budget allocation.
  • Analyze relationships between quantities such as cost, revenue, production volume and profit using standard functions and graphical techniques.
  • Apply the time value of money.
  • Calculate interest, present and future values using simple and compound interest.
  • Analyse interest rates by finding equivalent and effective rates.
  • Calculate payments, present and future values for annuities in budgeting and asset evaluation and for mortgages.
  • Evaluate investment decisions using methods of payback and discounted cash flow such as net present value and internal rate of return.
  • Select appropriate mathematical methods to analyze specific business problems.

Effective as of Fall 2014

Related Programs

Business Math for Managers (OPMT 3510) is offered as a part of the following programs:

School of Business + Media

  1. Business Management - Advanced Diploma
    Advanced Diploma Full-time/Part-time

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