Explain the concept of accounting.
Keeping financial records so that an individual or business can see where their money is coming from, what it is going to, and how they can spend their money more efficiently.
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Business Administration
- Explain career opportunities in entrepreneurship.
- Explain the rights of workers.
- Explain the employee's role in expense control.
- Explain the nature of overhead costs.
- Describe health and safety regulations in business.
- Describe the marketing functions. 7 Functions of Marketing.
- Explain marketing and its importance in a global economy.
- Explain the role of ethics in human resource management.
- Discuss the nature of human resource management.
- Describe the nature of income statements.
- Explain the nature of balance sheets.
- Describe the nature of cash flow statements.
- Discuss the role of ethics in accounting.
- Describe concept of insurance.
- Explain types of investments.
- Explain the purposes and importance of credit.
- Explain the concept of leadership.
- Identify desirable personality traits that are important to business.
- Explain the nature of global trade.
- Describe the economic impact of inflation on business.
- Explain the concept of Gross Domestic Product (GDP).
- Discuss the measure of consumer spending as an economic indicator.
- Explain the impact of the law of diminishing returns.
- Analyze the impact of job specialization/division of labor on productivity.