"Business managers will gain a basic understanding of the complex world of finance with this engaging book. It presents a balanced survey of the three main areas of finance: institutions and markets, investments, and financial management. The examples have been completely updated throughout to provide the most relevant information. Discussions of small business practice help them gain a better understanding of small business applications. More focus is placed on ethics to reflect the headlines in today's news. Additional end-of-chapter questions and career-profile features also enable business managers to connect the material to the real world."-- Provided by publisher.

Includes bibliographical references and index.

Machine generated contents note: Part 1: Financial Markets -- Chapter 1. The Financial Environment -- Chapter 2. Money and the Monetary System -- Chapter 3. Banks and Other Financial Institutions -- Chapter 4. Federal Reserve System -- Chapter 5. Policy Makers and the Money Supply -- Chapter 6. International Trade and Finance -- Part 2: Investments -- Chapter 7. Savings and Investment Process -- Chapter 8. Structure of Interest Rates -- Chapter 9. Time Value of Money -- Chapter 10. Bond and Stocks: Characteristics and Valuations -- Chapter 11. Securities Markets -- Chapter 12. Financial Return and Risk Concepts -- Part 3: Financial Management -- Chapter 13. Business Organization and Financial Data -- Chapter 14. Financial Analysis and Long-term Financial Planning -- Chapter 15. Managing Working Capital -- Chapter 16. Short-term Business Financing -- Chapter 17. Capital Budgeting Analysis -- Chapter 18. Capital Structure and Cost of Capital.