For one-semester, undergraduate courses in Corporate Finance and Financial Management. Unique in its approach, this text provides a conceptual understanding of the financial decision-making process. Rather than just introducing the student to the tools and techniques of finance, Foundations of Finance focuses on the interrelationships among the topics covered. It explores the "big picture" and actual practice- i.e., financial decision making rooted in current financial theory and in the current state of world economic conditions. Throughout, Foundations of Finance eliminates non-essential material and keeps mathematics to a minimum-presenting material at a level accessible to non-finance majors-but with a strong theoretical foundation necessary for more specialized students.