Knowledge and Skills That Make Someone More Productive and Bankable

question 69

Multiple Choice

Knowledge and skills that make someone more productive and bankable are known as:

• A) human capital.
• B) innumerate advantage.
• C) implicit education.
• D) socialization.

Recognize the impact of expansionary monetary and fiscal policy on inflation and unemployment.

Comprehend the concepts of natural rate of unemployment and its determinants.

Appreciate the roles of expectations in determining the effectiveness of monetary policy.

Understand the theoretical foundations and implications of the Phillips curve.

---

Definitions:

Computerized Accounting System

A software-based method that provides automatic bookkeeping and accounting for business transactions, improving accuracy and efficiency over manual methods.

Chart of Accounts

A listing of all the accounts in a general ledger that a business uses to code each of its transactions based on the nature of the expense, asset, liability, etc.

General Ledger

A comprehensive accounting record of all transactions of a business, summarizing all accounts and transactions in one place.

General Ledger Accounts

These are the main accounts where all the business transactions of a company are recorded, serving as a permanent record organized by account.