Errata

Errata for Text

November 19, 2012

Contemporary Business, Canadian Edition

Boone, Kurtz, Khan, Canzer

978-1-118-16173-9

Note from the publisher: While every effort was made by the publisher and proofreaders to make this an error-free text, some errors did come to our attention too late in the process to be corrected. The following is a list of corrections to the text you may wish to share with your students.

Chapter

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Page

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Reference

(if applicable) /

Correction Required

1 / 10 / In the third paragraph, it currently reads:
“Of all new businesses created in Canada, 99 percent are small businesses, defined as privately owned and operated companies with fewer than 500 employees and total annual revenue between $30,000 and $5 million. Thousands of new businesses start each year.”
It should read:
“Of all new businesses created in Canada, 99 percent are small businesses. Thousands of new businesses start each year.”
2 / 39 / The numbered list near the bottom of the page currently reads:
“2. ethical reasoning”
It should read:
“2. ethical education”
3 / 72 / The definition for monopolistic competition in the margin currently reads:
"a market structure where large numbers of buyers and sellers exchange similar products so each participant has some control over price"
It should read:
"a market structure where large numbers of buyers and sellers exchange distinct and differentiated (dissimilar) products, so each participant has some control over price"
5 / 129 / At the top of the page, the first paragraph currently reads:
“The definition varies depending on the source, but Statistics Canada defines a small business as…”
It should read:
“The definition varies depending on the source, but Industry Canada defines a small business as…”
5 / 130 / Assessment Check 5.1.1 currently reads:
“How does StatisticsCanada define small business?”
It should read:
“How does Industry Canada define small business?”
5 / 151 / In the Summary of Learning Objectives, beneath LO 5.1 it currently reads:
“A small business is an independently owned business that has fewer than 50 employees and revenues less than $2 million.”
It should read:
“A small business is an independently owned business that has fewer than 100 employees and revenues less than $2 million.”
5 / 151 / In the Summary of Learning Objectives, Assessment Check Answer 5.1.1 currently reads:
“How does Statistics Canada define small business?
Statistics Canada defines a small business as an independent…”
It should read:
“How does Industry Canada define small business?
Industry Canada defines a small business as an independent…”
11 / 297 / In the third paragraph there is a sentence that currently reads:
"The emergence of the marketing concept can be explained best by the shift from a seller's market, to a market with a shortage of goods and services, to a buyer's market, a market with too many goods and services."
It should read:
"The emergence of the marketing concept can be explained best by the shift from a seller's market, a market with a shortage of goods and services, to a buyer's market, a market with too many goods and services."
16 / 462 / In the fourth paragraph there is a sentence that currently reads: “The discount rate is the interest rate at which chartered banks make short-term loans to member banks.”
It should read:
“The discount rate is the interest rate at which the Bank makes short-term loans to member banks.”
16 / 469 / Under LO16.6 there is a sentence that currently reads:
“The Bank’s main tools include the overnight interest rate and open market operations.”
It should read:
“The Bank’s main tools include the bank rate and open market operations.”
16 / 470 / Under LO16.6.2 there is a sentence that currently reads:
“The two main tools are the overnight interest rate and open market operations.”
It should read:
“The two main tools are the bank rate and open market operations.”
Glossary / 598 / The definition for monopolistic competitioncurrently reads:
"a market structure where large numbers of buyers and sellers exchange similar products so each participant has some control over price"
It should read:
"a market structure where large numbers of buyers and sellers exchange distinct and differentiated (dissimilar) products, so each participant has some control over price"