The Fact That It Takes Ever More Certificates and Diplomas

question 74

Multiple Choice

The fact that it takes ever more certificates and diplomas to qualify for a given job is referred to as:

• A)meritocracy.
• B)professionalization.
• C)credential inflation.
• D)self-fulfilling prophecy.
• E)mudracking.

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Definitions:

Complex Businesses

Enterprises that operate in multiple industries or markets, have various products or services, and face multifaceted management challenges.

Balance Sheet

A financial statement that displays a company’s assets, liabilities, and shareholders' equity at a specific point in time.

Double-entry Bookkeeping

A bookkeeping method in which each transaction is entered twice, with one entry being recorded as a debit in one account and a corresponding credit in another.

Income Linkage

The connection or relationship between different sources of income or its impact on economic status.