Ask Question
BusinessBusiness
5 May, 10:16

Specialization of labor

a. increases productivity without creating any problemsb. reduces productivity, and is usually eliminated by business firmsc. can create problems of boredom and repetitive motion injuriesd. prevents the introduction of more sophisticated and efficient production techniquese. ignores individual preferences and natural abilities

+4
Answers (1)
  1. 5 May, 10:35
    0
    Economic efficiency implies an economic state in which every resource is optimally allocated to serve each individual or entity in the best way while minimizing waste and inefficiency. When an economy is economically efficient, any changes made to assist one entity would harm another
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “Specialization of labor a. increases productivity without creating any problemsb. reduces productivity, and is usually eliminated by ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers
You Might be Interested in
Which one of the following actions will increase the current ratio, all else constant? Assume the current ratio is greater than 1.0.
Answers (1)
Here are selected data for sally day corporation: beginning raw materials inventory $37,000 beginning work in process inventory 61,500 beginning finished goods inventory 56,300 cost of materials purchased 151,000 cost of direct materials
Answers (1)
Garden Gnomes Inc. decides its production process would be much better guided by creating a flatter organizational hierarchy, and it decides to eliminate supervisors within that structure. The resulting efficiency in human resources is due to: b.
Answers (1)
In the 21st century, where are the products sold in Walmart stores made? How does Walmart currently treat their vendors (the factories and people who make products for Walmart stores) ?
Answers (1)
With a reserve requirement of 5% and required reserves of $10,000, a bank has a total of a. $475,000 in demand deposits. b. $50,000 in checkable deposits. c. $500 in checkable deposits. d. $10,000 in demand deposits. e.
Answers (1)
New Questions in Business
An airline company is interested in the opinions of their frequent flyer customers about their proposed new routes. Specifically, they want to know what proportion of them plan to use one of their new hubs in the next 10 months.
Answers (1)
Taylor Bank lends Guarantee Company $92,811 on January 1. Guarantee Company signs a $92,811, 12%, nine-month note. The entry made by Guarantee Company on January 1 to record the proceeds and issuance of the note is
Answers (1)
Why is it important to know the interest rate on your credit card? a) The higher the interest rate, the more money you will be paying back b) The higher the interest rate, the less money you will be paying back c) The lower the interest rate, the
Answers (2)
It is appropriate to use the fixed assets turnover ratio to appraise firms' effectiveness in managing their fixed assets if and only all the firms being compared have the same proportion of fixed assets to total assets. a) trueb) false
Answers (1)
Which of the following actions differentiates an entrepreneur from other small business owners?
Answers (1)
Home » Business » Specialization of labor a. increases productivity without creating any problemsb. reduces productivity, and is usually eliminated by business firmsc. can create problems of boredom and repetitive motion injuriesd.
Sign Up Forgot Password?