Caption: Board of Trustees Minutes - 1992
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B O A R D OF TRUSTEES
Accordingly, the president of the University, with the concurrence of the appropriate administrative officers, recommends that the comptroller be delegated the authority to award contracts to the lowest responsible bidders provided the total of the bids received does not exceed $979,240. A report of the contracts awarded for the project will be presented to the board at its April 1994 meeting. Funds for the project are available from CERL Facility Reserve Funds.
On motion of Ms. Reese, this recommendation was approved by the following vote: Aye, Dr. Bacon, Mr. Boyle, Dr. Gindorf, Mr. Grabowski, Mrs. Gravenhorst, Mr. Lamont, Ms. Lopez, Ms. Reese; absent, Mrs. Calder, Governor Edgar. (The student advisory vote was: Aye, Ms. Huff, Mr. Riley; no, none.) Purchases
(16) The president submitted, with his concurrence, a list of purchases recommended by the directors of purchases and the vice president for business and finance. The purchases were presented in one category — purchases from institutional funds. The term designates funds received by the University under contracts with the United States government, private corporations, and other organizations; grants from foundations, corporations, and other donors; and University revolving funds authorized by law. The total amount of these purchases from institutional funds was $4,185,526. A complete list of the purchases, with supporting information (including the quotations received), was sent to each member of the board in advance of the meeting. A copy is being filed with the secretary of the board for record. On motion of Ms. Reese, the purchases recommended were authorized by the following vote: Aye, Dr. Bacon, Mr. Boyle, Dr. Gindorf, Mr. Grabowski, Mrs. Gravenhorst, Mr. Lamont, Ms. Lopez, Ms. Reese; no, none; absent, Mrs. Calder, Governor Edgar. (The student advisory vote was: Aye, Ms. Huff, Mr. Riley; no, none.)
President's Report on Actions of the Senate Revision to the Undergraduate Business Curriculum, College of Business Administration, Chicago
(17) The Chicago Senate has approved curricular changes in the undergraduate business program in the admissions requirements and the general education, business core, and business major components. The College of Business Administration will require completion of at least two years of a single foreign language in high school. Foreign language is considered essential for all business students. General education requirements will increase by adding an advanced quantitative skills course for a stronger background in quantitative reasoning, more hours in the humanities for greater exposure to literature, modern history, and philosophy, and a change in the economics requirement to provide a strong foundation in microeconomic theory. These changes were designed to increase the general education component to 50 percent of the total program, and to comply with AACSB accreditation standards. The business core was reduced by 10 credit hours to comply with AACSB standards also. Economics was moved to the general education component, and an information and decision sciences course was eliminated in consideration of the new advanced quantitative skills course added to general education. And, a management course was dropped. In place of this is a new requirement for an integrative course. Each of the business majors was increased in hours from 18 to 27 by combining