# BUSM 0029 Decision Making for Business (WSTC Prep)

Credit Points 10

Legacy Code 700322

Coordinator Abdullah Al Aabed Opens in new window

Description The world of business is a complex one, where decisions can have a major impact on a firm's success or failure. So how do you make a good business decision? In this subject students will explore the value of numerical data as a tool to help businesspeople make informed decisions using sound evidence. We start with the basics of quantitative data - statistics - as a way of calculating the probable outcomes of particular decisions. We then explore how another crucial set of numbers for a firm - the financials - can also empower businesspeople to make smart decisions.

School Western Sydney The College

Discipline Business and Management, Not Elsewhere Classified.

Student Contribution Band HECS Band 4 10cp

Check your fees via the Fees page.

Level Undergraduate Level 0 Preparatory subject

Restrictions

Students must be enrolled at Western Sydney, The College.

## Learning Outcomes

On successful completion of this subject, students should be able to:

1. Collect, organise and display quantitative data.
2. Use basic statistics to justify a decision.
3. Use basic accounting information from financial statements to justify a decision.
4. Use spreadsheet software to analyse and manipulate data to help make a decision.

## Subject Content

- Methods of collecting, organising and displaying data
- Descriptive statistics: measures of central tendency and variability
- Probability theory and its applications for business
- Recording and reporting economic activity for a firm
- Preparation of the statements of profit or loss and financial position
- Financial statements in decision-making
- Methods of collecting, organising and displaying data
- Descriptive statistics: measures of central tendency and variability
- Probability theory and its applications for business
- Recording and reporting economic activity for a firm
- Preparation of the statements of profit or loss and financial position
- Financial statements in decision-making

## Assessment

The following table summarises the standard assessment tasks for this subject. Please note this is a guide only. Assessment tasks are regularly updated, where there is a difference your Learning Guide takes precedence.

Type Length Percent Threshold Individual/Group Task Mandatory
Quiz 20 minutes 10 N Individual N
Numerical Problem Solving 400 words 25 N Individual N
Poster 6 minutes 30 N Individual N
Case Study 600 words 35 N Individual N

Teaching Periods

## Term 1 (2024)

### Bankstown City

#### On-site

Subject Contact Abdullah Al Aabed Opens in new window

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### Olympic Park

#### On-site

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### Parramatta City - Macquarie St

#### On-site

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## Term 2 (2024)

### Bankstown City

#### On-site

Subject Contact Abdullah Al Aabed Opens in new window

View timetable Opens in new window

### Olympic Park

#### On-site

Subject Contact Abdullah Al Aabed Opens in new window

View timetable Opens in new window

### Parramatta City - Macquarie St

#### On-site

Subject Contact Abdullah Al Aabed Opens in new window

View timetable Opens in new window

Structures that include subject