Introduction to Business, Our Business and Economic World, Student Edition

by Unknown

• ISBN13: 9780028141497
• ISBN10: 0028141490
• Edition: 2nd
• Format: Hardcover
• Copyright: 1996-02-20
• Publisher: Glencoe/McGraw-Hill

Summary

From entrepreneurship to the global economy, Introduction to Business introduces your students to the ever-changing world of business and economics. It's up-to-date, full of high interest features, and designed to help your students explore business opportunities while learning to make their own informed economic decisions.

Table of Contents

UNIT 1 Introduction to the Global Economy
Business in Today's World	2	(18)
Wants and Needs	4	(2)
Focus on Careers	6	(1)
Business and Financial Operations Support
Making Choices	6	(3)
What Is Business?	9	(1)
Building Business Skills	10	(2)
Employability: Making Decisions
You and the Business World	12	(2)
From School to Work	14	(4)
Chapter Review	18	(2)
Economic Challenges Facing Business	20	(16)
Economic Systems	22	(1)
Factors of Production	23	(1)
Focus on Technology	24	(3)
Basic Computer Components
The Problem of Limited Resources	27	(1)
Building Business Skills	28	(1)
Analysis: Evaluating Information
Making Decisions About Production	29	(2)
The Circular Flow of Economic Activity	31	(3)
Chapter Review	34	(2)
Measuring Economic Performance	36	(20)
Economic Activity	38	(2)
Focus on Entrepreneurs	40	(2)
Dean Kamen---DEKA Research & Development Corporation
Measuring Economic Activity	42	(2)
Building Business Skills	44	(3)
Math: Understanding Inflation
The Federal Government and Economic Stability	47	(3)
Chapter Review	50	(6)
Business Issue	52	(4)
Full Employment
UNIT 2 The Private Enterprise System
Motivations of Business	56	(14)
What Motivates Business?	58	(2)
Focus on Entrepreneurs	60	(3)
Gertrude Boyle---Columbia Sportswear
Who Benefits from Business?	63	(1)
Building Business Skills	64	(4)
Employability: Completing Self-Directed Tasks
Chapter Review	68	(2)
How the Market Works	70	(16)
Our Market Economy	72	(4)
Building Business Skills	76	(1)
Math: Interpreting Line Graphs
How Is Price Determined?	76	(2)
What Causes Prices to Change?	78	(2)
Focus on Technology	80	(2)
Electronic Information Transfer
The Ever-Changing Market	82	(2)
Chapter Review	84	(2)
The Private Enterprise Environment	86	(18)
The Rise of Industry	88	(2)
Focus on Careers	90	(1)
Health and Biomedical Services
Types of Businesses	90	(4)
Building Business Skills	94	(1)
Analysis: Observing and Inferring
How Businesses Operate	94	(4)
Chapter Review	98	(6)
Business Issue	100	(4)
Family-Friendly Benefits
UNIT 3 Dynamics of Business in a Changing World
Building a Business Organization	104	(14)
Organizing for Management	106	(2)
Focus on Entrepreneurs	108	(1)
Urban Miyares---Disabled Businesspersons Assocaition
Levels of Management	108	(2)
Management Functions	110	(2)
Building Business Skills	112	(1)
Employability: Exercising Leadership
Is Being a Manager for You?	113	(3)
Chapter Review	116	(2)
Managing a Diverse Workforce	118	(18)
The Employment Process	120	(2)
Focus on Technology	122	(4)
Virtual Training
Building Business Skills	126	(2)
Communication: Choosing Appropriate Forms of Business Communication
Training and Developing Employees	128	(3)
Human Resources Managers	131	(3)
Chapter Review	134	(2)
Managing Business Finances	136	(16)
Accounting in Business	138	(2)
Focus on Technology	140	(1)
Electronic Spreadsheets
Financial Statements	140	(3)
The Role of the Financial Manager	143	(3)
Building Business Skills	146	(2)
Math: Learning About Percents
Who Works in Accounting and Finance?	148	(2)
Chapter Review	150	(2)
Producing Goods and Services Worldwide	152	(18)
Production and Operations	154	(2)
Building Business Skills	156	(2)
Employability: Demonstrating Problem Solving
Controlling Production	158	(2)
Focus on Careers	160	(2)
Manufacturing Technology and Construction
Making Production Efficient	162	(3)
Working in Operations and Production	165	(3)
Chapter Review	168	(2)
Marketing in Today's World	170	(24)
Elements of Marketing	172	(1)
Product Planning	173	(3)
Focus on Technology	176	(3)
Electronic Databases
Pricing, Packaging, and Promotion	179	(1)
Building Business Skills	180	(2)
Communication: Developing Listening Skills
Distributing Goods and Services	182	(1)
Special Concerns for International Marketers	183	(2)
Working in Marketing	185	(3)
Chapter Review	188	(6)
Business Issue	190	(4)
Downsizing
UNIT 4 Entrepreneurship and Small Business
What Is Entrepreneurship?	194	(14)
Enterpreneurship and Small Business	196	(1)
Characteristics of an Entrepreneur	197	(2)
Advantages of Entrepreneurship	199	(1)
Focus on Technology	200	(1)
Printers
Disadvantages of Entrepreneurship	200	(2)
Building Business Skills	202	(1)
Employability: Making Informed Judgments
Entrepreneurship in the United States	203	(3)
Chapter Review	206	(2)
Analyzing a Business Venture	208	(16)
Preparing for Entrepreneurship	210	(2)
Focus on Technology	212	(3)
Computer-Aided Design
Why Write a Business Plan?	215	(1)
Building Business Skills	216	(1)
Analysis: Recognizing Cause and Effect
Parts of a Business Plan	217	(5)
Chapter Review	222	(2)
Organizing a Business	224	(14)
Organizing for Ownership	226	(2)
Focus on Entrepreneurs	228	(4)
Lisa Hill---Adcor Products
Building Business Skills	232	(1)
Employability: Providing Constructive Feedback
Organizing for Management	232	(2)
Organizing for Operation	234	(2)
Chapter Review	236	(2)
Financing a Business	238	(20)
Projecting Expenses and Income	240	(2)
Focus on Entrepreneurs	242	(1)
Don H. Barden---Barden Companies, Inc. (BCI)
Sources for Seeking Capital	243	(3)
Building Business Skills	246	(3)
Analysis: Predicting Consequences
Completing the Financial Plan	249	(3)
Chapter Review	252	(6)
Business Issue	254	(4)
Main Street vs. the Megastore
UNIT 5 Government and Business
How Government Affects Business	258	(16)
The U.S. Legal System	260	(2)
Government as Regulator	262	(4)
Building Business Skills	266	(1)
Employability: Resolving Team Conflicts
Government as Promoter and Partner	266	(2)
Focus on Careers	268	(4)
Agribusiness, Forestry, Wildlife, and Mining
Chapter Review	272	(2)
Taxes and Taxation	274	(18)
Types of Taxes	276	(2)
Building Business Skills	278	(4)
Math: Understanding Withholding
Focus on Technology	282	(2)
Electronic Scanners
The Basis for Taxation	284	(2)
Criteria for Taxes	286	(2)
Effect on Economic Activity	288	(2)
Chapter Review	290	(2)
Government Spending and the Economy	292	(18)
Government as a Provider	294	(1)
Spending at Different Levels of Government	295	(1)
Focus on Careers	296	(4)
Government and Public Administration
Building Business Skills	300	(4)
Math: Interpret the Consumer Price Index
Chapter Review	304	(6)
Business Issue	306	(4)
User Fees
UNIT 6 Financial Institutions in the Global Economy
Money and Banking	310	(20)
Money	312	(2)
Focus on Technology	314	(2)
Computer Networks
Banks	316	(2)
Building Business Skills	318	(1)
Math: Understanding Interest
Banking Functions	318	(5)
Types of Banks	323	(2)
Regulating the Banking Industry	325	(3)
Chapter Review	328	(2)
The Federal Reserve System and Monetary Policy	330	(18)
The Fed and the Money Supply	332	(1)
Organization of the Fed	333	(1)
Focus on Technology	334	(2)
Magnetic Ink Character Recognition
Functions of the Fed	336	(2)
Building Business Skills	338	(4)
Math: Understanding Discounts
Chapter Review	342	(6)
Business Issue	344	(4)
Redlining
UNIT 7 International Business
The Global Market	348	(18)
Global Producers and Consumers	350	(3)
Free Trade and Protectionism	353	(1)
Focus on Entrepreneurs	354	(2)
Hughes and Liebling---TLI International Corporation
Building Business Skills	356	(1)
Math: Building Graphs
Government Influence on the Global Market	356	(5)
Benefits of Trading in the Global Market	361	(3)
Chapter Review	364	(2)
Other Economic Systems	366	(16)
Basic Kinds of Economic Systems	368	(4)
Focus on Technology	372	(2)
Computer Processing Components
Building Business Skills	374	(2)
Analysis: Comparing and Contrasting Information
Comparing Economic Systems	376	(4)
Chapter Review	380	(2)
International Finance	382	(16)
Changes in an International Market	384	(4)
Focus on Technology	388	(1)
Modems
Currency: A Medium of Exchange	388	(2)
Building Business Skills	390	(3)
Math: Exchanging Foreign Currency
Exchange Rates and the U.S. Dollar	393	(3)
Chapter Review	396	(2)
Global Economic Challenges	398	(22)
Competition in the Global Marketplace	400	(3)
Developing Nations	403	(1)
Focus on Careers	404	(4)
Food and Hospitality
Building Business Skills	408	(6)
Analysis: Interpreting Points of View
Chapter Review	414	(6)
Business Issue	416	(4)
Trade Policy
UNIT 8 Consumers in the Global Economy
Buying Goods and Services	420	(16)
Consumer Choices	422	(2)
Focus on Technology	424	(2)
Antivirus Software
Building Business Skills	426	(3)
Analysis: Distinguishing Between Relevant and Irrelevant Information
How to Be a Smart Consumer	429	(5)
Chapter Review	434	(2)
Consumer Rights and Responsibilities	436	(16)
Your Rights As a Consumer	438	(2)
Focus on Careers	440	(2)
Transportation and Public Utilities
Building Business Skills	442	(1)
Communication: Identifying Main and Subordinate Ideas
Your Responsibilities As a Consumer	443	(7)
Chapter Review	450	(2)
Protecting Consumers	452	(18)
Federal Consumer Protection Agencies	454	(2)
State and Local Consumer Protection	456	(1)
Private Consumer Protection Organizations	457	(1)
Focus on Entrepreneurs	458	(2)
Kathy Prasnicki---Sun Coast Resources
Building Business Skills	460	(1)
Communication: Locating and Verifying Information
How Consumers Can Handle Problems	460	(4)
Chapter Review	464	(6)
Business Issue	466	(4)
Cost of Environmental Regulations
UNIT 9 Using Credit to Buy Goods and Services
Credit: A Promise to Pay	470	(14)
The Nature of Credit	472	(2)
Focus on Technology	474	(1)
Expert Systems
Where to Go for Credit	475	(3)
Building Business Skills	478	(1)
Analysis: Drawing Conclusions
Credit and Business	478	(2)
Governments and Credit	480	(2)
Chapter Review	482	(2)
Getting and Keeping Credit	484	(14)
Establishing Credit	486	(4)
Focus on Careers	490	(1)
Wholesale and Retail Trade
Managing Your Credit	491	(1)
Building Business Skills	492	(4)
Math: Computing Finance Charges
Chapter Review	496	(2)
Credit and the Law	498	(18)
Protecting Your Credit Rights	500	(4)
Focus on Technology	504	(2)
Electronic Security
Building Business Skills	506	(1)
Employability: Exhibit Ethical Behavior
Enforcing the Laws	507	(1)
Handling Your Credit Problems	508	(2)
Chapter Review	510	(6)
Business Issue	512	(4)
The Public Debt
UNIT 10 Managing Your Personal Finances
Planning a Budget	516	(18)
Lifestyle Costs	518	(2)
Focus on Technology	520	(1)
Electronic Notebooks
The Importance of Budgeting	520	(2)
Steps in Planning a Budget	522	(4)
Building Business Skills	526	(1)
Math: Determining Averages
A Sample Budget	526	(6)
Chapter Review	532	(2)
Saving and Investing	534	(20)
Why Should You Save?	536	(2)
Focus on Technology	538	(1)
Electronic Ticker Tape
Starting Your Savings Program	538	(2)
Guidelines for Investing	540	(2)
Building Business Skills	542	(2)
Math: Reading Stock Market Quotations
Common Investment Choices	544	(8)
Chapter Review	552	(2)
Using Banking Services	554	(20)
Checking Accounts	556	(2)
Focus on Technology	558	(4)
Electronic Banking
Building Business Skills	562	(2)
Math: Reconciling a Checking Account
Savings Accounts	564	(3)
Other Banking Services	567	(5)
Chapter Review	572	(2)
Dealing with Risks	574	(22)
Managing Risk	576	(2)
Focus on Entrepreneurs	578	(2)
Cecil F. Hess---MetroLaser
Automobile Insurance	580	(2)
Building Business Skills	582	(1)
Analysis: Interpreting Statistics
Real and Personal Property Insurance	582	(3)
Life, Health, and Income Insurance	585	(5)
Chapter Review	590	(6)
Business Issue	592	(4)
National Health Care
UNIT 11 Working in the Global Economy
Competing in the World Labor Market	596	(16)
The Labor Market	598	(2)
Focus on Careers	600	(1)
Communications, Entertainment, and the Arts
Occupational Profiles	600	(4)
Building Business Skills	604	(1)
Employability: Recognizing Diversity
Organized Labor	605	(2)
An Overview of the Labor Market	607	(3)
Chapter Review	610	(2)
Job Considerations	612	(2)
Looking at the Package	614	(2)
Focus on Technology	616	(4)
CD-ROMs
Building Business Skills	620	(4)
Math: Comparing Statistics
Jobs and the Economy	624	(4)
Chapter Review	628	(2)
Business Issue
Immigration and the Economy	630