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Unit OneBusiness Education Objectives Business school is a university-level institution that confers degrees in Business Administration. It teaches topics such as accounting, administration, economics, finance, information systems, marketing, organizational behavior, public relations, strategy, human resource management, and quantitative methods. 2. Introduction of the text 2. Introduction of the text 3. Business terms 1. Cooperative education Cooperative education, commonly known as a “co-op”, is a structured method of combining classroom-based education with practical work experience. A cooperative education experience, provides academic credit for structured job experience. Cooperative education is taking on new importance in helping young people to make the school-to-work transition, service learning, and experiential learning initiatives. 2. Internship Internships may be part-time or full-time; typically they are part-time during the university year and full-time in the summer, and they typically last 6–12 weeks, but can be shorter or longer. Internship positions are available from businesses, government departments, non-profit groups and organizations. Due to strict labour laws, European internships are mostly unpaid. Interships are very popular to gain international exposure on one’s resume and for foreign language improvement. History of the MBA The MBA degree made its first appearance in the United States during the early 20th century. At the time, the United States was the only country that offered such programs. The Wharton Business School, established in 1881, was the first business school in the country. However, the Tuck School of Business, which was the first management school in the country, was the first to begin awarding master’s degrees in the commercial sciences (the predecessor of the MBA that we know today). Soon, other colleges began to offer these programs. Currently, there are hundreds of universities the world over tha
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