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Bob Said, "Why Study Math and Statistics? I'm Majoring in Human

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Essay

Bob said, "Why study math and statistics? I'm majoring in human resources because it's people that are important in business, not numbers." Argue both for and against Bob's statement.


Definitions:

Adjusting Entries

Journal entries used to adjust account balances in order to reflect more accurate financial information at the end of an accounting period.

Journal Entry

A record in accounting that notes a specific financial transaction in the books.

Debit Amount

A financial entry that increases an asset or expense account, or decreases a liability, equity, or revenue account.

Credit

A financial term that refers to the provision of resources (such as funds) by one party to another, where the second party does not repay the first party immediately but incurs a debt and is usually obliged to pay interest.

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