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National College Credit Recommendation Service

Board of Regents  |  University of the State of New York

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NOCTI and Nocti Business Solutions (NBS) | Evaluated Learning Experience

Virtual Enterprises (8985)

Formerly Virtual Enterprises (7975)
Course Category: 
Location: 
NOCTI proctored test centers throughout the United States.
Length: 
Varies.
Dates: 
September 2010 - Present.
Instructional delivery format: 
Proficiency exam
Learner Outcomes: 

Students will be able to: describe the importance of time management, including scheduling and prioritizing tasks; explain the purpose of a cover letter, resume, and employment application; identify appropriate interviewing techniques; identify job titles to develop job descriptions; interpret a workflow diagram; effectively communicate purpose and intent through a business letter; describe the process for writing an email message using appropriate etiquette; identify business resources to accomplish workplace tasks; describe the system of keeping accounting and financial records for the company; outline how businesses prepare budgets to assist in managing finances; define the essential elements of an income statement and balance sheet; establish payroll procedures that ensure withholdings from employees' pay are properly accounted for; describe the importance of performing a break-even analysis; identify the importance of checks and balances in an accounting system; evaluate online banking options; describe the process for recording purchases; describe the employer's tax responsibility; analyze the difference between actual and estimated budget amounts; Prepare an individual tax return; describe the importance of the end-of-year financial statements; define the purpose of an annual report; describe the process of creating a system for storing and sharing files and for efficiently managing correspondence; describe the importance of meeting agendas and minutes; determine the process for creating a company mission statement; identify firm goals, objectives, and strategies; describe the importance of the business plan as whole as well as individual parts; describe the elements of an effective presentation; describe the purpose and benefits of business insurance; describe the purpose of a trade fair; identify the process for effectively directing and supervising a project; explain the purpose and components of an employee manual; describe the purpose of professional development workshops; explain the purpose and components of an employee performance evaluation; describe strategies for communicating negative personnel decisions; explain strategies for communicating positive personnel decisions; identify the benefits of participating in a 401(k) plan; describe the importance of ethics in the workplace and explain the importance of employee orientation; identify strategies for dealing with conflict in the workplace; describe the importance of proofreading; identify good elements of design; describe the importance of brand recognition and the purpose of various media formats; explain the importance of website functionality; define capital needs of a business; describe the process for making a purchase request; define the elements of a product/service description; describe the importance of researching competition; identify and analyze target markets; analyze elements of the marketing mix; describe the importance of a marketing plan; identify the characteristics of successful salespeople; explain consumer needs as part of the selling process; define the purpose of a sales presentation; compare various forms of advertising media; consider the impact of a budget on advertising options; identify the important elements of a catalog; cescribe the impact of cultural differences and marketing preferences in the foreign target market; identify the importance of currency conversion to translate product prices into foreign currencies; compare the differences between sole proprietorship, partnership, and corporation; describe the process of supply and demand and the impact of supply and demand on price; describe the impact of labor laws on the workplace; examine the roles played by different levels of government in our economy; describe the impact of economic indicators in business; identify the tools the government uses to stabilize the economy; describe the role played by the Federal Reserve Bank; define the purpose of a personal budget; describe the advantages and disadvantages of borrowing money; and identify the advantages and disadvantages of outsourcing.  Performance Component:  Employment Application Process (47%) and Prepare an Annual Personal Budge (53%).

Instruction: 

NOCTI exams assess individuals' end-of-program knowledge and skills in an online proctored proficiency examination format.  In addition, some programs administer a performance component test to assess application of skills.

Credit recommendation: 

In the lower division baccalaureate/associate degree category, 3 semester hours in Applied Business (3/14) (11/18 revalidation).  NOTE: An additional 1-2 credits may be awarded based on successful completion of the Performance Component when given in conjunction with the written proficiency examination.

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