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B) Skills and competencies

• Communication (both giving and receiving)
• Sense of responsibility
• Healthy respect for different opinions, customs, and individual
preferences
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• Ability to participate in group decision-making

When employees work together to accomplish a goal, everyone
benefits. Employers might expect to “see” this in action in different ways. For
example, team members in the workplace plan and work cooperatively to assign
tasks, assess progress, and deliver on time. They have professional discussions
during which differing approaches and opinions might be shared and assessed in
a respectful manner. Even when certain employees end up with tasks that were
not their first choices, jobs get done with limited complaints because it is in the
spirit of teamwork and with the overall goal in mind. A leader or manager may
often serve as the teamwork facilitator. In this case, team members participate
respectfully in discussion, carry out assigned tasks, and defer to the leader in
the best interest of the goal. Consensus is wonderful, but not always possible,
and an assigned leader will often support and facilitate the decision-making
necessary for quality teamwork to exist.
Life skills¹⁹

Open a bank account
A bank account is a financial account, which stores money on behalf of a
customer. In general, the two most common types of bank accounts are
transaction accounts and savings accounts. A transaction account (or checking
account) allows the customer to freely and immediately access their money. This
can be through cash withdrawals from an automated teller machine (ATM) or
electronic funds transfer (EFT) through computers. As such, the transaction
account is best suited for everyday use. In most cases, a customer will open a
savings account alongside a transaction account.
WHY SHOULD YOU HAVE A BANK ACCOUNT?
• Security is an important reason why people store their money in
bank accounts. Unfortunately, keeping physical cash at home is not safe since
PART 1 your home is exposed to the risk of burglary, natural disasters such as floods
and accidents such as fires. It is similarly unwise to bury your money
underground since moisture and air will likely decompose your money. When
you deposit money into your bank account, the bank will store your money in
B) Skills and competencies
their secured vaults. Also, if you need to transfer a large sum of money to a
friend who also has a bank account, your bank can do it for you safely.
• Convenience is another major benefit of having a bank account.
When you have a bank account, you can access physical cash wherever there is
a bank branch or ATM. Alternatively, you can also pay for goods and services
electronically through a debit card, which is linked to your bank account. Having
a debit card also allows you to
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I¹⁹N FOR EX, Erasmus+ Program
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