Business Math: A Step-by-Step Handbook

November 28, 2017 | Updated: April 27, 2020
Author: Jean-Paul Olivier; Red River College of Applied Arts, Science, & Technology

Business math is the study of mathematics required by the field of business. Business professionals will work with taxes, gross earnings, product prices, and currency exchange; they will be offered loans, lines of credit, mortgages, leases, savings bonds, and other financial tools. This textbook covers all of these topics and how these financial tools can maximize their earnings and minimize their costs. It also discusses how to execute smart monetary decisions both personally and for their business.

Subject Areas
Business, Business - General

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Business Math: A Step-by-Step Handbook by Jean-Paul Olivier; Red River College of Applied Arts, Science, & Technology is licensed under a Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International License, except where otherwise noted.

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Reviews (1) Avg: 4.7 / 5

mandev singh

Institution:Yorkville University (BC)Title/Position: ProfessorCreative Commons License

Q: The text covers all areas and ideas of the subject appropriately and provides an effective index and/or glossary

This textbook covers all the areas needed for Business Mathematics. This is fully relevant to the subject point of view. The topics are well explained in a very formal way which helps students to learn easily. It gives a step by step guidance and full detail of each of the topic. Additionally, charts and graphs assist students in understanding how the various numbers fit into the puzzle.

Comprehensiveness Rating: 5 out of 5

Q: Content is accurate, error-free and unbiased

A very well explanation for diagrams and other relevant material is given in the book. The topic of amortization is explained in detailed. All the diagrams and other material are accurate and its error-free.

Content Accuracy Rating: 4 out of 5

Q: Content is up-to-date, but not in a way that will quickly make the text obsolete within a short period of time. The text is written and/or arranged in such a way that necessary updates will be relatively easy and straightforward to implement

Math for Business is a core subject either we can consider it for accounting or financing. This book is fully up to date and shows full relevancy toward these subject. It has been created in a proper manner that easily changes can be added to it with the passage of time. Updating of the book is easy.

Relevance Rating: 5 out of 5

Q: The text is written in lucid, accessible prose, and provides adequate context for any jargon/technical terminology used

This textbook is written in lucid and accessible prose. Each topic is well explained in such an easy way. It covers most of the topic related to business mathematics which makes its relevancy compatible with each technical terminology of special kind of group or activity.

Clarity Rating: 4 out of 5

Q: The text is internally consistent in terms of terminology and framework

The text is internally consistent. It is typically a measure based on correlations between different topic and concept in this text.

Consistency Rating: 5 out of 5

Q: The text is easily and readily divisible into smaller reading sections that can be assigned at different points within the course (i.e., enormous blocks of text without subheadings should be avoided). The text should not be overly self-referential, and should be easily reorganized and realigned with various subunits of a course without presenting much disruption to the reader.

The text is well defined in the form of sections/chapter wise. Most of the sections/parts are designed in a way that they can be offered at a different level of the course.
Part one is the basic one which explains the basic concept of Mathematics. Even it helps in solving questions for the rest of the parts.
Part two explains the application of HR, economic and Marketing.
Part three explains banking and investing with single payments.
Part four explains how to deal with multiple payments.
Part five explains the amortization concept. So, one can easily restrict our knowledge by covering till Part 3 or till part 4.
It is completely designed to use as per the course requirement.

Modularity Rating: 5 out of 5

Q: The topics in the text are presented in a logical, clear fashion

All the topics are presented in a logical and interesting way. A review of the chapter is given at the end of each chapter which makes work easy to the readers. Clearly exercises questions are given for practice and even their solutions are provided as well.

Organization Rating: 5 out of 5

Q: The text is free of significant interface issues, including navigation problems, distortion of images/charts, and any other display features that may distract or confuse the reader

The text is well categorised that one can easily understand. The textbook is divided into 5 different parts. Further, each part has a different number of chapters which explains each topic in detail. So, one can easily get its topic for reading.

Interface Rating: 5 out of 5

Q: The text contains no grammatical errors

The text contains no grammatical or spelling errors.

Overall, this textbook has no grammatical or spelling error.
One error I found on Page 6-189.
Example 6.21, there is L=$270 written here which is not relevant to this question.

Grammar Rating: 4 out of 5

Q: The text is not culturally insensitive or offensive in any way. It should make use of examples that are inclusive of a variety of races, ethnicities, and backgrounds

Overall, this book has great knowledge and information for the readers.
I agree with the content and language and explanation written in this book. It does not include insensitive or offensive language in all the topics listed and used in this textbook.

Cultural Relevance Rating: 5 out of 5

Q: Are there any other comments you would like to make about this book, for example, its appropriateness in a Canadian context or specific updates you think need to be made?

Yes, I recommend this book.