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Business Foundations: A Changing World 11th edition [Mīkstie vāki]

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  • Formāts: Paperback / softback, 640 pages, height x width x depth: 252x201x20 mm, weight: 959 g, 130 Illustrations
  • Izdošanas datums: 16-Feb-2017
  • Izdevniecība: McGraw-Hill Education
  • ISBN-10: 1259685233
  • ISBN-13: 9781259685231
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  • Formāts: Paperback / softback, 640 pages, height x width x depth: 252x201x20 mm, weight: 959 g, 130 Illustrations
  • Izdošanas datums: 16-Feb-2017
  • Izdevniecība: McGraw-Hill Education
  • ISBN-10: 1259685233
  • ISBN-13: 9781259685231
Citas grāmatas par šo tēmu:
Business Foundations: A Changing World carefully blends the right mix of content and applications to give students a firm grounding in business principles. Where other products have you sprinting through the semester to cover everything, Business Foundations: A Changing World allows breathing space to explore topics and incorporate additional activities to complement your teaching.

Build from the ground up, Business Foundations: A Changing World is for faculty and students who value a briefer, flexible, and integrated resource that is exciting, happening, focused and applicable! What sets this learning program apart from the competition? An unrivaled, focused mixture of exciting content and resources blended with application examples, activities, and fresh topics that show students what is happening in the world of business today!
Part 1 Business in a Changing World 1(106)
Chapter 1 The Dynamics of Business and Economics
2(34)
Enter the World of Business: Dollar Shave Club Cuts through the Competition
3(1)
Introduction
4(1)
The Nature of Business
4(4)
The Goal of Business
4(1)
The People and Activities of Business
5(2)
Why Study Business?
7(1)
The Economic Foundations of Business
8(11)
Economic Systems
8(4)
The Free-Enterprise System II The Forces of Supply and Demand
12(2)
The Nature of Competition
14(1)
Going Green: Whole Foods's Dilemma: It's Too Easy Being Green
15(1)
Economic Cycles and Productivity
15(4)
The American Economy
19(7)
Responding to Business Challenges: Uber Swerves around Regulatory Obstacles
20(1)
The Importance of the American Economy
20(1)
A Brief History of the American Economy
21(2)
The Role of the Entrepreneur
23(2)
Entrepreneurship in Action: Will Pizza Studio Slice Up the Competition?
24(1)
The Role of Government in the American Economy
25(1)
The Role of Ethics and Social Responsibility in Business
25(1)
Can You Learn Business in a Classroom?
26(2)
So You Want a Job in the Business Ethics World
28(1)
Review Your Understanding
28(1)
Revisit the World of Business
29(1)
Learn the Terms
29(1)
Check Your Progress
30(1)
Get Involved
30(1)
Build Your Skills: The Forces of Supply and Demand
30(1)
Solve the Dilemma: Mrs. Acres Homemade Pies
31(1)
Build Your Business Plan: The Dynamics of Business and Economics
32(1)
See for Yourself Videocase: Redbox Succeeds by Identifying Market Need
32(1)
Team Exercise
33(1)
Endnotes
33(3)
Chapter 2 Business Ethics and Social Responsibility
36(36)
Enter the World of Business: Mars M & Ms: Less Sugar for Your Sweet Tooth
37(1)
Introduction
38(1)
Business Ethics and Social Responsibility
38(2)
Entrepreneurship in Action: Beautycounter Is Lathered Up about Social Responsibility
39(1)
The Role of Ethics in Business
40(12)
Recognizing Ethical Issues in Business
42(4)
Fairness and Honesty
46(3)
Making Decisions about Ethical Issues
49(1)
Improving Ethical Behavior in Business
50(2)
Consider Ethics and Social Responsibility: Come Fly with Me: Or Not?
51(1)
The Nature of Social Responsibility
52(11)
Social Responsibility Issues
54(7)
Going Green: Cloud Computing at Amazon: Green or Red?
59(2)
Unemployment
61(2)
So You Want a Job in Business Ethics and Social Responsibility
63(1)
Review Your Understanding
63(1)
Revisit the World of Business
64(1)
Learn the Terms
64(1)
Check Your Progress
64(1)
Get Involved
65(1)
Build Your Skills: Making Decisions about Ethical Issues
65(1)
Solve the Dilemma: Customer Privacy
66(1)
Build Your Business Plan: Business Ethics and Social Responsibility
66(1)
See for Yourself Videocase: Warby Parker: An Affordable World Vision
67(1)
Team Exercise
68(1)
Endnotes
68(4)
Chapter 3 Business in a Borderless World
72(35)
Enter the World of Business: Global Menu Customization: Squid Ink Burgers
73(1)
Introduction
74(1)
The Role of International Business
74(3)
Why Nations Trade
75(1)
Trade between Countries
75(1)
Balance of Trade
76(1)
International Trade Barriers
77(8)
Economic Barriers
77(2)
Entrepreneurship in Action: Tracking Counterfeit Drugs
79(1)
Ethical, Legal, and Political Barriers
79(3)
Social and Cultural Barriers
82(2)
Technological Barriers
84(1)
Trade Agreements, Alliances, and Organizations
85(6)
General Agreement on Tariffs and Trade
85(1)
The North American Free Trade Agreement
85(2)
The European Union
87(2)
Going Green: The Fight over GMOs in Europe
88(1)
Asia-Pacific Economic Cooperation
89(1)
Association of Southeast Asian Nations
90(1)
World Bank
90(1)
International Monetary Fund
90(1)
Getting Involved in International Business
91(5)
Exporting and Importing
91(1)
Trading Companies
92(1)
Licensing and Franchising
92(1)
Contract Manufacturing
93(1)
Outsourcing
93(1)
Offshoring
94(1)
Joint Ventures and Alliances
94(1)
Direct Investment
94(2)
Responding to Business Challenges: Disney China: It's a Big World after All
95(1)
International Business Strategies
96(1)
Developing Strategies
96(1)
Managing the Challenges of Global Business
97(1)
So You Want a Job in Global Business
97(1)
Review Your Understanding
98(1)
Revisit the World of Business
98(1)
Learn the Terms
99(1)
Check Your Progress
99(1)
Get Involved
99(1)
Build Your Skills: Global Awareness
100(1)
Solve the Dilemma: Global Expansion or Business as Usual?
100(1)
Build Your Business Plan: Business in a Borderless World
101(1)
See for Yourself Videocase: Electra Bikes: Better, Cooler, Awesomer!
101(1)
Team Exercise
102(1)
Endnotes
102(5)
Part 2 Starting and Growing a Business 107(62)
Chapter 4 Options for Organizing Business
108(32)
Enter the World of Business: Ace Is the Place: Or Is It?
109(1)
Introduction
110(1)
Sole Proprietorships
110(4)
Advantages of Sole Proprietorships III Disadvantages of Sole Proprietorships
112(2)
Entrepreneurship in Action: Millennium Products Dominates Kombucha Market
114(1)
Partnerships
114(5)
Types of Partnership
115(1)
Articles of Partnership
115(1)
Advantages of Partnerships
116(2)
Responding to Business Challenges: Brew Hound Brewery No Longer a Lone Wolf
117(1)
Disadvantages of Partnerships
118(1)
Taxation of Partnerships
119(1)
Corporations
119(8)
Creating a Corporation
120(1)
Types of Corporations
121(2)
Elements of a Corporation
123(2)
Advantages of Corporations
125(1)
Disadvantages of Corporations
126(1)
Other Types of Ownership
127(2)
Joint Ventures
127(1)
S Corporations
127(1)
Limited Liability Companies
127(1)
Going Green: Crimson Midstream Embraces Green
128(1)
Cooperatives
128(1)
Trends in Business Ownership: Mergers and Acquisitions
129(3)
So You'd Like to Start a Business
132(1)
Review Your Understanding
132(1)
Revisit the World of Business
133(1)
Learn the Terms
133(1)
Check Your Progress
134(1)
Get Involved
134(1)
Build Your Skills: Selecting a Form of Business
134(1)
Solve the Dilemma: To Incorporate or Not to Incorporate
135(1)
Build Your Business Plan: Options for Organizing Business
135(1)
See for Yourself Videocase: PODS Excels at Organizing a Business
135(1)
Team Exercise
136(1)
Endnotes
136(4)
Chapter 5 Small Business, Entrepreneurship, and Franchising
140(29)
Enter the World of Business: A V.I.P. Moving Experience
141(1)
Introduction
142(1)
The Nature of Entrepreneurship and Small Business
142(7)
What Is a Small Business?
143(1)
The Role of Small Business in the American Economy
144(1)
Industries That Attract Small Business
145(4)
Going Green: Is 100 Percent Biodegradable Plastic Possible?
147(2)
Advantages of Small-Business Ownership
149(1)
Independence
149(1)
Costs
149(1)
Flexibility
149(1)
Focus
150(1)
Reputation
150(1)
Disadvantages of Small-Business Ownership
150(3)
High Stress Level
150(1)
High Failure Rate
150(3)
Responding to Business Challenges: Walmart Embraces a Diversity of Suppliers
151(2)
Starting a Small Business
153(5)
The Business Plan
153(1)
Forms of Business Ownership
153(1)
Financial Resources
154(1)
Approaches to Starting a Small Business
155(2)
Entrepreneurship in Action: Buffalo Wild Wings Lands Rusty Taco
157(1)
Help for Small-Business Managers
157(1)
The Future for Small Business
158(2)
Demographic Trends
158(1)
Technological and Economic Trends
159(1)
Making Big Businesses Act "Small"
160(1)
So You Want to Be an Entrepreneur or Small-Business Owner
161(1)
Review Your Understanding
162(1)
Revisit the World of Business
162(1)
Learn the Terms
163(1)
Check Your Progress
163(1)
Get Involved
163(1)
Build Your Skills: Creativity
163(1)
Solve the Dilemma: The Small-Business Challenge
164(1)
Build Your Business Plan: Small Business, Entrepreneurship, and Franchising
165(1)
See for Yourself Videocase: Sonic-A Successful Franchise with an Old-Fashioned Drive-In Experience
165(1)
Team Exercise
166(1)
Endnotes
166(3)
Part 3 Managing for Quality and Competitiveness 169(96)
Chapter 6 The Nature of Management
170(30)
Enter the World of Business: Meet China's Steve Jobs: Lei Jun
171(1)
Introduction
172(1)
The Importance of Management
172(1)
Management Functions
173(5)
Planning
173(4)
Entrepreneurship in Action: Former Bronco Tackles Dietary Trends
175(2)
Organizing
177(1)
Directing
177(1)
Controlling
178(1)
Types of Management
178(4)
Levels of Management
178(4)
Areas of Management
182(1)
Skills Needed by Managers
182(2)
Technical Expertise
182(1)
Conceptual Skills
183(1)
Analytical Skills
183(1)
Human Relations Skills
184(1)
Leadership
184(4)
Responding to Business Challenges: Social Entrepreneurship: From South Africa to Whole Foods
185(1)
Going Green: Patagonia: Lean, Mean, and Green
186(1)
Employee Empowerment
187(1)
Decision Making
188(2)
Recognizing and Defining the Decision Situation
188(1)
Developing Options
189(1)
Analyzing Options
189(1)
Selecting the Best Option
190(1)
Implementing the Decision
190(1)
Monitoring the Consequences
190(1)
Management in Practice
190(2)
So You Want to Be a Manager
192(1)
Review Your Understanding
192(1)
Revisit the World of Business
193(1)
Learn the Terms
193(1)
Check Your Progress
193(1)
Get Involved
194(1)
Build Your Skills: Functions of Management
194(1)
Solve the Dilemma: Making Infinity Computers Competitive
195(1)
Build Your Business Plan: The Nature of Management
195(1)
See for Yourself Videocase: Panera Bread: Strategy Leads to Success
196(1)
Team Exercise
197(1)
Endnotes
197(3)
Chapter 7 Organization, Teamwork, and Communication
200(32)
Enter the World of Business: W.L. Gore: Where Everyone Is the Boss
201(1)
Introduction
202(1)
Organizational Culture
202(2)
Responding to Business Challenges: Amazon: Expedited Service and Employment
203(1)
Developing Organizational Structure
204(1)
Assigning Tasks
205(4)
Specialization
205(1)
Departmentalization
206(3)
Assigning Responsibility
209(4)
Delegation of Authority
210(1)
Degree of Centralization
210(2)
Going Green: Rainforest Alliance: Sustainable Workplace
211(1)
Span of Management
212(1)
Organizational Layers
212(1)
Forms of Organizational Structure
213(3)
Line Structure
213(1)
Line-and-Staff Structure
214(1)
Multidivisional Structure
215(1)
Matrix Structure
215(1)
The Role of Groups and Teams in Organizations
216(3)
Committees
217(1)
Task Forces
217(1)
Teams
218(1)
Communicating in Organizations
219(4)
Formal and Informal Communication
220(1)
Monitoring Communications
221(1)
Improving Communication Effectiveness
221(13)
Entrepreneurship in Action: From a Small Coffee Shop to a Big Sugar Bowl
222(1)
So You Want a Job in Managing Organizational Culture, Teamwork, and Communication
223(1)
Review Your Understanding
224(1)
Revisit the World of Business
225(1)
Learn the Terms
225(1)
Check Your Progress
225(1)
Get Involved
225(1)
Build Your Skills: Teamwork
226(1)
Solve the Dilemma: Quest Star in Transition
227(1)
Build Your Business Plan: Organization, Teamwork, and Communication
227(1)
See for Yourself Videocase: Hot Topic Ties Up an Employee Culture
227(1)
Team Exercise
228(1)
Endnotes
229(3)
Chapter 8 Managing Service and Manufacturing Operations
232(33)
Enter the World of Business: Operations Challenges Inside the Chipotle Kitchen
233(1)
Introduction
234(1)
The Nature of Operations Management
234(5)
The Transformation Process
235(1)
Operations Management in Service Businesses
235(4)
Entrepreneurship in Action: Bean-to-Bar Chocolate
236(3)
Planning and Designing Operations Systems
239(7)
Planning the Product
240(1)
Designing the Operations Processes
240(1)
Planning Capacity
241(1)
Planning Facilities
242(3)
Sustainability and Manufacturing
245(1)
Managing the Supply Chain
246(6)
Purchasing
247(1)
Managing Inventory
247(2)
Responding to Business Challenges: Ashley Furniture Owns Its Supply Chain
248(1)
Outsourcing
249(1)
Routing and Scheduling
250(2)
Managing Quality
252(4)
International Organization for Standardization (ISO)
254(1)
Going Green: A Green Apple Contributes to Supply Chain Sustainability
255(1)
Inspection
255(1)
Sampling
256(1)
Integrating Operations and Supply Chain Management
256(1)
So You Want a Job in Operations Management
257(1)
Review Your Understanding
258(1)
Revisit the World of Business
258(1)
Learn the Terms
258(1)
Check Your Progress
259(1)
Get Involved
259(1)
Build Your Skills: Reducing Cycle Time
259(1)
Solve the Dilemma: Planning for Pizza
260(1)
Build Your Business Plan: Managing Service and Manufacturing Operations
261(1)
See for Yourself Videocase: Operations Excellence Results in a Home Run
261(1)
Team Exercise
262(1)
Endnotes
262(3)
Part 4 Creating the Human Resource Advantage 265(64)
Chapter 9 Motivating the Workforce
266(26)
Enter the World of Business: Marriott: Take Care of Employees and That Takes Care of Your Customers
267(1)
Introduction
268(1)
Nature of Human Relations
268(2)
Historical Perspectives on Employee Motivation
270(2)
Classical Theory of Motivation
271(1)
The Hawthorne Studies
271(1)
Going Green: King Arthur Flour: Employees Rule!
272(1)
Theories of Employee Motivation
272(7)
Maslow's Hierarchy of Needs
273(1)
Herzberg's Two-Factor Theory
274(1)
McGregor's Theory X and Theory Y
275(2)
Entrepreneurship in Action: Alterra: Creating Customers for Life
276(1)
Theory Z
277(1)
Equity Theory
277(1)
Expectancy Theory
278(1)
Goal-Setting Theory
279(1)
Strategies for Motivating Employees
279(5)
Behavior Modification
279(1)
Job Design
280(2)
Importance of Motivational Strategies
282(1)
Consider ethics and social responsibility Acuity: Insuring Workplace Happiness
283(1)
So You Think You May Be Good at Motivating a Workforce
284(1)
Review Your Understanding
285(1)
Revisit the World of Business
285(1)
Learn the Terms
286(1)
Check Your Progress
286(1)
Get Involved
286(1)
Build Your Skills: Motivating
287(1)
Solve the Dilemma: Motivating to Win
287(1)
Build Your Business Plan: Motivating the Workforce
288(1)
See for Yourself Videocase: The Container Store's Secret to Success: Employee Satisfaction
288(1)
Team Exercise
289(1)
Endnotes
289(3)
Chapter 10 Managing Human Resources
292(37)
Enter the World of Business: Higher Sophistication in Hiring
293(1)
Introduction
294(1)
The Nature of Human Resources Management
294(1)
Planning for Human Resources Needs
294(2)
Entrepreneurship in Action: PowerToFly: Hiring Women in Tech Worldwide
295(1)
Recruiting and Selecting New Employees
296(6)
Recruiting
296(1)
Selection
297(3)
Legal Issues in Recruiting and Selecting
300(2)
Developing the Workforce
302(5)
Training and Development
302(1)
Assessing Performance
303(2)
Turnover
305(2)
Compensating the Workforce
307(4)
Financial Compensation
307(2)
Going Green: Google IT: Employee Bonuses for Being Green
308(1)
Benefits
309(2)
Managing Unionized Employees
311(3)
Collective Bargaining
312(1)
Resolving Disputes
312(2)
The Importance of Workforce Diversity
314(4)
The Characteristics of Diversity
314(1)
Why Is Diversity Important?
315(2)
The Benefits of Workforce Diversity
317(1)
Affirmative Action
317(1)
Trends in Management of the Workforce
318(2)
Responding to Business Challenges: Tech Industry Short-Circuits the Diversity Gap
318(2)
So You Want to Work in Human Resources
320(1)
Review Your Understanding
320(1)
Revisit the World of Business
321(1)
Learn the Terms
321(1)
Check Your Progress
322(1)
Get Involved
322(1)
Build Your Skills: Appreciating and Valuing Diversity
322(2)
Solve the Dilemma: Morale among the Survivors
324(1)
Build Your Business Plan: Managing Human Resources
324(1)
See for Yourself Videocase: The Importance of Hollywood Labor Unions
324(1)
Team Exercise
325(1)
Endnotes
325(4)
Part 5 Marketing: Developing Relationships 329(100)
Chapter 11 Customer-Driven Marketing
330(30)
Enter the World of Business: Campbell's Soup: You Can't Always Get What You Want
331(1)
Introduction
332(1)
Nature of Marketing
332(7)
The Exchange Relationship
332(2)
Functions of Marketing
334(1)
Creating Value with Marketing
335(1)
The Marketing Concept
335(2)
Evolution of the Marketing Concept
337(2)
Developing a Marketing Strategy
339(5)
Selecting a Target Market
339(3)
Developing a Marketing Mix
342(2)
Marketing Research and Information Systems
344(3)
Consider Ethics and Social Responsibility: He Sees You While You're Sleeping: Consumer Tracking Technology
345(1)
Online Marketing Research
346(1)
Buying Behavior
347(2)
Psychological Variables of Buying Behavior
348(1)
Social Variables of Buying Behavior
348(1)
Entrepreneurship in Action: IOLLA Sees Eyewear Differently
349(1)
Understanding Buying Behavior
349(1)
The Marketing Environment
349(2)
Going Green: Volkswagen Hits a Bump in the Road: The Quest to Rebuild Trust
350(1)
Importance of Marketing to Business and Society
351(1)
So You Want a Job in Marketing
352(1)
Review Your Understanding
352(1)
Revisit the World of Business
353(1)
Learn the Terms
353(1)
Check Your Progress
353(1)
Get Involved
354(1)
Build Your Skills: The Marketing Mix
354(1)
Solve the Dilemma: Will It Go?
355(1)
Build Your Business Plan: Customer-Driven Marketing
355(1)
See for Yourself Videocase: Marriott: Your Home Away from Home
355(1)
Team Exercise
356(1)
Endnotes
357(3)
Chapter 12 Dimensions of Marketing Strategy
360(36)
Enter the World of Business: Disney: Not the Same Old Mickey Mouse Experience
361(1)
Introduction
362(1)
The Marketing Mix
362(1)
Product Strategy
362(11)
Developing New Products
362(3)
Responding to Business Challenges: IKEA "Sees" Each Store as Unique
363(2)
Classifying Products
365(1)
Product Line and Product Mix
366(1)
Product Life Cycle
367(2)
Identifying Products
369(4)
Going Green: Ford Rolls Into Smart Bikes
373(1)
Pricing Strategy
373(2)
Pricing Objectives
374(1)
Specific Pricing Strategies
374(1)
Distribution Strategy
375(7)
Marketing Channels
375(5)
Entrepreneurship in Action: Heidi Ho Organics: Cheese Fit for a Shark
379(1)
Intensity of Market Coverage
380(1)
Physical Distribution
380(2)
Importance of Distribution in a Marketing Strategy
382(1)
Promotion Strategy
382(6)
The Promotion Mix
382(4)
Promotion Strategies: To Push or to Pull
386(1)
Objectives of Promotion
387(1)
Promotional Positioning
387(1)
Importance of Marketing Strategy
388(1)
So You Want to Be a Marketing Manager
389(1)
Review Your Understanding
389(1)
Revisit the World of Business
390(1)
Learn the Terms
390(1)
Check Your Progress
391(1)
Get Involved
391(1)
Build Your Skills: Analyzing Motel 6's Marketing Strategy
391(1)
Solve the Dilemma: Better Health with Snacks
392(1)
Build Your Business Plan: Dimensions of Marketing Strategy
392(1)
See for Yourself Videocase: Spirit Airlines: Flying Below Customer Expectations
392(1)
Team Exercise
393(1)
Endnotes
393(3)
Chapter 13 Digital Marketing and Social Networking
396(33)
Enter the World of Business: Pinning Your Hopes on Emerging Social Media
397(1)
Introduction
398(1)
Growth and Benefits of Digital Communication
398(1)
Using Digital Media in Business
399(2)
Digital Media and the Marketing Mix
401(3)
Entrepreneurship in Action: Jet.com Soaring to New Heights in E-Commerce
403(1)
Social Networking
404(1)
Types of Consumer-Generated Marketing and Digital Media
404(8)
Going Green: Facebook Smiles on Sustainability
405(1)
Social Networks
405(2)
Blogs and Wikis
407(1)
Media Sharing
408(1)
Virtual Gaming
409(1)
Mobile Marketing
410(2)
Applications and Widgets
412(1)
Using Digital Media to Reach Consumers
412(2)
Using Digital Media to Learn about Consumers
414(1)
Legal and Social Issues in Internet Marketing
415(4)
Privacy
415(1)
Identity Theft and Online Fraud
416(2)
Consider Ethics and Social Responsibility: Advertising Effectiveness: Real or a Mirage?
417(1)
Intellectual Property Theft and Other Illegal Activities
418(1)
Digital Media's Impact on Marketing
419(1)
So You Want to be a Digital Marketer
419(1)
Review Your Understanding
420(1)
Revisit the World of Business
421(1)
Learn the Terms
421(1)
Check Your Progress
421(1)
Get Involved
421(1)
Build Your Skills: Planning a Digital Marketing and Social Networking Site
422(1)
Solve the Dilemma: Developing Successful Free ware
422(1)
Build Your Business Plan: Digital Marketing and Social Networking
423(1)
See for Yourself Videocase: Should Employees Use Social Media Sites at Work?
423(1)
Team Exercise
424(1)
Endnotes
424(5)
Part 6 Financing the Enterprise 429(95)
Chapter 14 Accounting and Financial Statements
430(36)
Enter the World of Business: Accounting for Fraud
431(1)
Introduction
432(1)
The Nature of Accounting
432(5)
Accountants
432(2)
Accounting or Bookkeeping?
434(1)
The Uses of Accounting Information
434(3)
Going Green: Environmental Costs Hit the Balance Sheet
436(1)
The Accounting Process
437(4)
The Accounting Equation
437(1)
Double-Entry Bookkeeping
438(1)
The Accounting Cycle
439(2)
Financial Statements
441(18)
The Income Statement
441(5)
Entrepreneurship in Action: Dauby O'Connor & Zaleski Make Being a CPA Less Taxing
445(1)
The Balance Sheet
446(2)
The Statement of Cash Flows
448(4)
Ratio Analysis: Analyzing Financial Statements
452(1)
Profitability Ratios
453(1)
Consider Ethics and Social Responsibility: Preserving Auditor Independence
454(1)
Asset Utilization Ratios
454(1)
Liquidity Ratios
455(1)
Debt Utilization Ratios
456(1)
Per Share Data
456(1)
Industry Analysis
457(2)
Importance of Integrity in Accounting
459(1)
So You Want to Be an Accountant
460(1)
Review Your Understanding
460(1)
Revisit the World of Business
461(1)
Learn the Terms
461(1)
Check Your Progress
461(1)
Get Involved
462(1)
Build Your Skills: Financial Analysis
462(1)
Solve the Dilemma: Exploring the Secrets of Accounting
462(1)
Build Your Business Plan: Accounting and Financial Statements
463(1)
See for Yourself Videocase: Goodwill Industries: Accounting in a Nonprofit
463(1)
Team Exercise
464(1)
Endnotes
464(2)
Chapter 15 Money and the Financial System
466(30)
Enter the World of Business: Brok'n: The Downside of an Increasingly Cashless Society
467(1)
Introduction
468(1)
Money in the Financial System
468(7)
Functions of Money
468(1)
Responding to Business Challenges: Should Firms Forgo the CFO?
469(1)
Characteristics of Money
469(3)
Types of Money
472(3)
The American Financial System
475(13)
The Federal Reserve System
475(4)
Banking Institutions
479(3)
Going Green: Want Greenbacks? Then Go Green
480(2)
Nonbanking Institutions
482(3)
Entrepreneurship in Action: Pay Direct: The Big Play for Pay
484(1)
Electronic Banking
485(2)
Future of Banking
487(1)
So You're Interested in Financial Systems or Banking
488(1)
Review Your Understanding
489(1)
Revisit the World of Business
489(1)
Learn the Terms
490(1)
Check Your Progress
490(1)
Get Involved
490(1)
Build Your Skills: Managing Money
490(1)
Solve the Dilemma: Seeing the Financial Side of Business
491(1)
Build Your Business Plan: Money and the Financial System
491(1)
See for Yourself Videocase: State Farm: Not Your Traditional Bank
491(1)
Team Exercise
492(1)
Endnotes
492(4)
Chapter 16 Financial Management and Securities Markets
496(30)
Enter the World of Business: Marketing Digital Financial Products: No John Hancock Needed
497(1)
Introduction
498(1)
Managing Current Assets and Liabilities
498(7)
Managing Current Assets
498(5)
Responding to Business Challenges: Is Too Much Disclosure Too Complicated?
499(4)
Managing Current Liabilities
503(2)
Managing Fixed Assets
505(3)
Capital Budgeting and Project Selection
505(1)
Assessing Risk
506(1)
Pricing Long-Term Money
507(1)
Financing with Long-Term Liabilities
508(2)
Bonds: Corporate IOUs
509(1)
Types of Bonds
510(1)
Financing with Owners' Equity
510(2)
Entrepreneurship in Action: Y Combinator: Y Not?
512(1)
Investment Banking
512(2)
Going Green: Tesla's Green Play: Invest, Divest, or Protest
514(1)
The Securities Markets
514(5)
Stock Markets
515(1)
The Over-the-Counter Market
516(1)
Measuring Market Performance
516(3)
So You Want to Work in Financial Management or Securities
519(1)
Review Your Understanding
520(1)
Revisit the World of Business
520(1)
Learn the Terms
521(1)
Check Your Progress
521(1)
Get Involved
521(1)
Build Your Skills: Choosing among Projects
522(1)
Solve the Dilemma: Surviving Rapid Growth
523(1)
Build Your Business Plan: Financial Management and Securities Market
523(1)
See for Yourself Videocase: Tom and Eddie's: Fed through Nontraditional Channels
523(1)
Team Exercise
524(1)
Endnotes 524(2)
Bonus
Chapters
A The Legal and Regulatory Environment
526(20)
B Personal Financial Planning
546(25)
Glossary 571(14)
Indexes
Name Index
585(6)
Company Index
591(6)
Subject Index
597
O.C. Ferrell is Professor of Marketing at Colorado State University. He also has held faculty positions at the University of Memphis, University of Tampa, Texas A&M University, Illinois State University, and Southern Illinois University, as well as visiting positions at Queen's University (Ontario, Canada), University of Michigan (Ann Arbor), University of Wisconsin (Madison), and University of Hannover (Germany). He has served as a faculty member for the Masters Degree Program in Marketing at Thammasat University (Bangkok, Thailand). Dr. Ferrell received his BA and MBA from Florida State University and his PhD from Louisiana State University. His teaching and research interests include business ethics, corporate citizenship, and marketing. Dr. Ferrell is widely recognized as a leading teacher and scholar in business. His articles have appeared in the Journal of Marketing Research, Journal of Business Ethics, Journal of Marketing, Journal of Business Research, Journal of Macromarketing, Journal of the Academy of Marketing Science, and others. His textbook entitled Business Ethics: Ethical Decision Making and Cases is the leading text in this field. He has also coauthored numerous textbooks for marketing, management, and other business courses, as well as a trade book on business ethics. He chaired the American Marketing Association (AMA) ethics committee that developed its current code of ethics. He was the vice president of Marketing Education and president of the Academic Council for the AMA. Dr. Ferrell's major focus is teaching and preparing learning material for students. He has travelled extensively to work with students and understands the needs of instructors of introductory business courses. He lives in Fort Collins, Colorado and enjoys skiing, golf, and international travel.





Geoffrey A. Hirt is currently Professor of Finance at DePaul University and Director of Equity Research at Mesirow Financial. He received his PhD in Finance from the University of Illinois at Champaign-Urbana, his MBA from Miami University of Ohio and his BA from Ohio-Wesleyan University. Geoff has directed the Chartered Financial Analysts Study program for the Investment Analysts Society of Chicago since 1987. From 1987 to 1997 he was Chairman of the Finance Department at DePaul University and taught investments, corporate finance, and strategic planning. He developed and was director of DePaul's MBA program in Hong Kong and has taught in Poland, Germany, Thailand, and Hong Kong. Geoff has published several books. The sixth edition of Fundamentals of Investment Management was released in July 1998 and is published by Irwin/McGraw-Hill. Additionally, Geoff is well known for his book Fundamentals of Financial Management published by Irwin/McGraw-Hill. Now in its eighth edition, this book is used at over 600 colleges and universities worldwide, and it has been translated into Chinese, Japanese, and Spanish. Geoff plays tennis and golf, is a music lover, and enjoys travelling with his wife, Linda.





Dr. Linda Ferrell is a Distinguished Professor of Leadership and Business Ethics in The Jack C. Massey College of Business at Belmont University. Before joining the College of Business, she was a Professor of Marketing and Creative Enterprise Scholar with the University of New Mexicos Anderson School of Management. She co-manages a second $1.25 million grant for business ethics education through the Daniels Fund Ethics Initiative at the University of New Mexico with her husband, Dr. O.C. Ferrell. Dr. Ferrell earned a Ph.D. in Management from the University of Memphis. She holds an M.B.A. and a B.S. in Fashion Merchandising from Illinois State University. Her research interests include marketing ethics, ethics training and effectiveness, the legalization of business ethics as well as corporate social responsibility and sustainability. She has published in Journal of the Academy of Marketing Science, AMS Review, Journal of Business Ethics, Journal of Public Policy & Marketing, Journal of Business Research, as well as others. She has co- authored numerous books including Business Ethics: Ethical Decision Making and Cases, Business and Society, Management, and Introduction to Business. Professionally, Dr. Ferrell served as an account executive in advertising with McDonalds' and Pizza Hut's advertising agencies. Dr. Ferrell is on the Board of Directors of Mannatech, Dallas, a NASDAQ listed, health and wellness company. She serves on the Board of the National Association of State Boards of Accountancy-Center for the Public Trust. She serves on the executive committee, board, and academic advisory board of the Direct Selling Education Foundation. She is on the Cutco/Vector college advisory board. She has significant experience working with the direct selling industry. She serves on the advisory board of Savant Learning. She is also President of the Academy of Marketing Science. Dr. Ferrell also serves as an expert witness in ethics and legal disputes.