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FEATURES, 7th Edition

  • Student Hotline. We have created a Student Hotline, in which students who are stumped can ask for help. Students simply explain their dilemma and submit an online request for help. We will do our best to respond promptly. We will not, of course, help with Homework Problems or actual test questions (because instructors want to grade the student, not us).
  • Optional Approaches for TVM. We created brand new time-value-of-money chapters. Two stand-alone chapters use compound interest formulas (Chapters 10 and 11), and three use financial calculators (Chapters 12, 13, and 17). We even solve TVM problems using Excel, in Appendix E. This innovative approach allows instructors to use their method(s) of choice; many instructors have indicated they will use more than one method. Note: You may notice that we are not using compound interest tables. We realize that most texts rely on compound interest tables for TVM topics, but because tables are not used in the real world (for good reason), we have decided we don't want to continue the tradition of teaching students something they will not use in real life.
  • Online Pre-Quiz. We provide a free online Pre-Quiz to measure student’s knowledge at the start of the course.
  • Online Auto-Graded Homework. We offer homework assignments in two formats: (1) online, auto-graded format, and (2) a printed homework booklet.
  • Activities. Each chapter includes three kinds of activities. (1) THINK activities are designed to provoke thought and to help see the big picture; (2) EXPLORE activities allow students to use the internet and spreadsheet programs to increase real world awareness and skills; (3) APPLY activities provide the opportunity to apply concepts in the real world and meet businesspeople who use the concepts each day in their work.
  • Chapter Opener. Each chapter starts with an illustration (with the same fun little guy - see sample chapter) and a paragraph or two that shows the big picture. This combination is designed to alleviate math anxiety and get students going in the right direction.
  • Learning Objectives. Learning objectives are shown on the first page of each chapter and are referenced throughout the chapter.
  • Photos. Each chapter has real-life photos to reinforce concepts and to heighten students interest.
  • Business Articles and Ads. The text includes lots of real articles and ads that make the subject more relevant.
  • How-To Boxes. These include easy-to-follow steps or guidelines.
  • Examples. Each chapter contains lots of numbered examples, with step-by-step solutions that match the how-to boxes.
  • Tip Boxes. These provide shortcuts, memory aids, mistakes to avoid, and real-world suggestions. Students love the Tip Boxes.
  • Word Problem Guide. Some students don’t know where to start when confronted with a word problem. So, for many of the word problems in the early chapters, a blueprint aid is used like a map—to get from Point A (the question) to Point B (the answer).
  • U-Try-It Exercises. Each chapter is divided into units. Each unit covers a key concept or small group of concepts. Units end with a few problems for students to try on their own; these provide immediate feedback on whether the stuff in that unit has sunk in. Answers are shown; step-by-step solutions are given in Appendix A.
  • Chapter in a Nutshell. This is a short reference guide that summarizes the Chapter. Each learning objective is shown, together with examples.
  • Chapter Review Problems. Review problems at the end of each chapter provide a chance to apply the principles of the chapter. The problems are separated by unit, so if you skip a certain unit you don't have to figure out which problems to have students skip. Each set of Chapter Review Problems ends with a set of Challenge Problems. Answers to all problems are in Appendix B; step-by-step solutions are on our website (free of charge).
  • Practice Test. Each chapter includes a practice test, giving students the chance to take a test before the real one in class. Answers are in Appendix B; step-by-step solutions are on our Web site (free of charge).
  • Fun Corner. This appears at the start of each chapter and has tidbits of fun, related stuff. It is designed to help make business math more fun.
  • Web. Our website contains step-by-step solutions to Chapter Review Problems and Practice Tests, Assessment Tools (Pre-Quiz, Student Tutorial, and Homework Assignments), an online calculator, calculator videos, and other material useful for the course.
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