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julsineya [31]
3 years ago
14

write a response that describes how knowledge of the accounting equation and financial statements discussed in week 1 might be u

sed by the Medical office Manager during normal business activities. Indicate in your answer why you believe this to be so.
Business
1 answer:
alexgriva [62]3 years ago
7 0
The knowledge on basic principles of accounting may be useful for a Medical officer Manager because it allows him to better understand the flow of the business from the transaction to people handling skills during normal business activities. These make it easier for him to get acquainted with what is to be dealt with during normal business talks. 
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Contractionary monetary policies are also used to tame a high inflation rate. Inflation is the general increase in prices in the economy. It may arise due to a high economic growth rate. Because contractionary policies decrease the supply of money in the economy, less liquidity reduces the aggregate demand, thereby curbing increasing prices.

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